Master the Art of Decision-Making with "Operations Research: A Practical Introduction"

Overview

In today's competitive business landscape, organizations face a plethora of complex decisions that can significantly impact their success. "Operations Research: A Practical " empowers readers with the analytical tools and techniques necessary to navigate these challenges effectively. Written by renowned operations research experts, this comprehensive volume offers a foundational understanding of the discipline and its applications across various industries.

Exploration of Key Concepts

The book delves into the core concepts of operations research, including:

Operations Research: A Practical Introduction (Operations Research Series)

by Michael W. Carter

4.5 out of 5

Language	:	English
File size	:	28703 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	416 pages

FREE

Linear Programming:

Linear programming is a mathematical technique used to optimize decision-making in situations where a linear objective function is present. The book explains the simplex method and graphical techniques for solving linear programming problems.

Integer Programming:

Integer programming is a more specialized form of linear programming where some or all variables must be integers. The book discusses branch-and-bound algorithms and other heuristics for solving integer programming problems.

Simulation:

Simulation is a powerful tool for modeling and analyzing complex systems. The book covers techniques such as Monte Carlo simulation and discrete-event simulation.

Queueing Theory:

Queueing theory helps analyze systems where customers wait for service. The book introduces concepts such as Poisson arrivals, exponential service, and Little's law.

Applications in Diverse Fields

"Operations Research: A Practical " showcases the versatility of operations research in a wide range of industries, including:

Manufacturing:

Operations research helps optimize production schedules, reduce waste, and improve efficiency.

Transportation:

Operations research can aid in route planning, fleet management, and traffic flow analysis.

Healthcare:

Operations research can optimize patient scheduling, resource allocation, and healthcare delivery.

Finance:

Operations research assists in portfolio optimization, risk management, and investment decision-making.

Pedagogical Features

To enhance learning and comprehension, the book includes a wealth of pedagogical features, such as:

* Real-world case studies: Provides practical insights into how operations research is applied in various industries. * Solved examples: Demonstrates the step-by-step process of solving complex operations research problems. * Practice problems: Challenges readers to test their understanding and apply concepts effectively. * Chapter summaries: Condenses key points and facilitates review. * Glossary: Defines important terms and concepts.

Target Audience

"Operations Research: A Practical " is an invaluable resource for:

* Students pursuing undergraduate or graduate degrees in operations research, management science, or related fields * Professionals in industries such as manufacturing, transportation, healthcare, finance, and more * Decision-makers seeking to enhance their analytical skills and optimize organizational performance

"Operations Research: A Practical " is an indispensable guide for anyone looking to master the art of decision-making. Its comprehensive coverage of concepts, applications, and pedagogical features empowers readers with the tools they need to solve complex problems and drive organizational success. Whether you're a student, a professional, or a decision-maker, this book will equip you with the knowledge and skills to transform your decision-making process.

Operations Research: A Practical Introduction (Operations Research Series)

by Michael W. Carter

4.5 out of 5

Language	:	English
File size	:	28703 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	416 pages

FREE