Operations Research (O.R.) consistently delivers significant value – strategic
to tactical, top-line to bottom-line – to the organizations and executives who
use it. Organizations worldwide in business, the military, health care, and the
public sector are realizing powerful benefits from O.R., including: · Business insight: Providing quantitative and business insight into complex
problems · Business performance: Improving business performance by embedding model-driven
intelligence into an organization’s information systems to improve decision making
· Cost reduction: Finding new opportunities to decrease cost or investment
· Decision making: Assessing the likely outcomes of decision alternatives
and uncovering better alternatives · Forecasting: Providing a better basis for more accurate forecasting and
planning · Improved scheduling: Efficiently scheduling staff, equipment, events,
and more · Planning: Applying quantitative techniques to support operations, tactical
planning, and strategic planning · Pricing: Dynamically pricing products and services · Productivity: Helping
organizations find ways to make processes and people more productive · Profits: Increasing revenue or return on investment; increasing market
share · Quality: Improving quality as well as quantifying and balancing qualitative
considerations · Resources: Gaining greater utilization from limited equipment, facilities,
money, and personnel · Risk: Measuring risk quantitatively and uncovering factors critical to
managing and reducing risk · Throughput: Increasing speed or throughput and decreasing delays
Organizations and the world in which they operate continue to become more complex.
Huge numbers of choices and relentless time pressures and margin pressures make
the decisions you face more daunting and more difficult. Meanwhile, new enterprise
applications and software are generating massive amounts of data – and it can
seem like an overwhelming task to turn that data into insight and answers. But
all that data and the availability of more and cheaper computing power are creating
an important opportunity for decision makers – one O.R. is ideally designed to
help you take advantage of. O.R. professionals thrive on challenges that involve
large numbers of variables, complex systems, and significant risks.
