A Study On Survey Of The Number Of Indian Companies Using Or (Operation Research)

Research Article
Neha Jain., Neeta Saxena and Priya Khandelwal
DOI: 
http://dx.doi.org/10.24327/ijrsr.2018.0901.1370
Subject: 
science
KeyWords: 
Operations Research; Business Organizations; Managers; Problem solving; Decision making.
Abstract: 

The Operations Research, Originally developed by the U.S. Department of Defense during World War II, is one of the employing technique used very much for make better decisions in the small business. It applies sophisticated statistical analysis and mathematical modeling to solve an array of business and organizational problems, as well as improve decision-making. Research has shown that majority of managers in small business organizations use of operations research techniques to As the business environment grows more complex, companies and government agencies rely on analysis to inform decisions that were once based largely on management intuition. The objective of this paper is to discuss the principles and ideas of Operations Research which are very helpful in a dynamic, complex and competitive business environment. Operations research has helped many large companies and government agencies make better decisions, boost performance and reduce risk. To achieve the aim of the paper, this paper examines the nature of Operations Research, the Operations Research techniques available for managers and the various areas of operation where they can be applied. Therefore, this paper reviews the application of Operations Research to the small business organizations to take the effective and consistent decision making to achieve business excellence.