What is Operational Research (OR)

Encompasses a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency, such as simulation, mathematical optimization, queuing theory and other stochastic-process models. OR cover large areas in economy such as agricultural sector, manufacturing sector and service sector. In comparison to analysis in social science and economics domains, OR often employ more objective-based methodologies to gather, analyze and verify data as detailed data can be more easily collected during business operation.

Evolution of Simulation Paradigms in OR

Yang Li (Applications & Services, Research & Technology, British Telecom, UK)