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.