International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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OPERATION RESEARCH AS AN ACADEMIC DISCIPLINE AND TOOL FOR DECISION SUPPORT
1 Author(s): DEEPIKA DEVI
Vol - 4, Issue- 1 , Page(s) : 453 - 455 (2013 ) DOI : https://doi.org/10.32804/CASIRJ
Operation Research is one of the popular managerial decision science tools used by profit and nonprofit organizations. As the global environment becomes fiercely competitive, Operation Research has gained significance in applications like world-class Manufacturing systems(WCM), Lean production, Six-sigma quality management, Benchmarking, Just-in-time (JIT) inventory techniques. The growth of global markets and the resulting increase in competition have highlighted the need for Public Administration. In order to be competitive, businesses must meet the challenges present in a global market by offering products and services that offer good value to their customers. Good value is a combination of low cost, high quality, rapid availability and real time information on these.