In a nutshell, operational research (O.R.) is the
discipline of applying advanced analytical methods to help make better
decisions.
By using techniques such as problem structuring methods (sometimes known
as 'Soft O.R.') and mathematical modelling to analyse complex situations,
operational research gives executives the power to make more effective
decisions and build more productive systems based on:
- More
complete data
- Consideration
of all available options
- Careful
predictions of outcomes and estimates of risk
- The
latest decision tools and techniques
Once a good or better way of proceeding has been identified, O.R. people
are often central to the implementation of the proposed change.
Organisations may seek a very wide range of operational improvements -
for example, greater efficiency, better customer service, higher quality or
lower cost. Whatever the business engineering aim, O.R. can offer the
flexibility and adaptability to provide objective help.
Most of the problems O.R. tackles are messy and complex, often entailing
considerable uncertainty. O.R. can use advanced quantitative methods,
modelling, problem structuring, simulation and other analytical techniques to
examine assumptions, facilitate an in -depth understanding and decide on
practical action.
O.R. Pro Bono is offering free support to Third Sector organisations in the UK. To find out more please email felicity.mcleister@theorsociety.com
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