Importance of operation research in decision making​

Operations Research can be regarded as a tool which is utilized to increase the effectiveness of management decisions, as follows:

Better control: Top management of companies find it expensive to provide executive supervision for routine decisions. OR enables executives to devote their attention to more important matters, like production scheduling and inventory control.

Better co-ordination: in a scenario where there is a limitation imposed on manufacturing capability, an OR approach helps in co-ordinating marketing decisions with production.

Better system: OR is used to analyze critical decisions such as where to establish a new factory or warehouse. As a result, application of an OR generated solution often improves profits.

Better decisions: OR models most often generate solutions to problems that aid in decision making, especially in cases where it is difficult to manually consider and analyze all the important factors in the system.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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