problem in financial_research

May 28th, 2015
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History of O.R Term coined by Mc Closky & Trefthan. Began in World War II to analyze position of Radars by Royal Air force. India I st few countries to start OR & established Ist OR Regional Research Lab in Hyderabad in 1949. OR society had been established in 1955 –publishes OPSEARCH Journal. It is used in Military, management ,industrial etc. establishments. Ref-IGNOU School of Management Studies.

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OperationalResearchAn IntroductionDr Anshuli TrivediI st year P.G.NSCB Medical College JabalpurOperational Research is. Scientific means of providing manager i.e.executive department the data & tools they needto analyze & continuously improve the servicesthey offer. i.e.. Application of scientificmethods, techniques & tools to operations ofsystem with optimum solution of problems.10/15/15Ref-J kishore dictionary of public health.2History of O.RTerm coined by Mc Closky & Trefthan.Began in World War II to analyze position ofRadars by Royal Air force.India I st few countries to start OR & establishedIst OR Regional Research Lab in Hyderabad in1949.OR society had been established in 1955 publishes OPSEARCH Journal.It is used in Military, management ,industrial etc.establishments.10/15/153Terminology in OR.Operations-The activities carried out in an organization related toattaining its goals and objectives.Research-The process of observation and testing characterizedby the scientific method.Organization-The society in which the problem arises or for whichthe solution is important.Decision maker-An individual or group in the organization capableof proposing and implementing necessary actions.Criterion-It is a method by which results can be evaluated.Analyst- An individual called upon to aid the decision maker in theproblem solving process.Team-A group of individuals bringing various skills an

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