Third sector?
Find out how Pro Bono O.R. can help. Just interested to find out more? Join me
for a tweet chat from 2-3pm on Mon 13th January #chator. Please share this
information.
Operational
Research (O.R.) is the discipline of applying appropriate analytical
methods. By using techniques such as problem structuring
methods 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
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.
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