Advantages of Operations Research (OR)
The role, importance or advantages of blogspot.com//search?q=operations-research-definition-meaning">Operations Research (OR) are:-
Picture or Image depicting the Advantages of Operations Research (OR).
1. Effective Decisions
Operations Research (OR) helps the managers to lead maintain ameliorate in addition to quicker decisions. It increases the pose out of alternatives. It helps the managers to evaluate the lead chances in addition to results of all the choice decisions. So, OR makes the decisions to a greater extent than effective.
2. Better Coordination
Operations Research (OR) helps to coordinate all the decisions of the blogspot.com//search?q=operations-research-definition-meaning">organisation. It coordinates all the decisions taken past times the dissimilar blogspot.com//search?q=operations-research-definition-meaning">levels of management in addition to the diverse departments of the organisation. For e.g. It coordinates the decisions taken past times the production subdivision alongside the decisions taken past times the marketing department.
3. Facilitates Control
Operations Research (OR) helps the managing director to command his subordinates. It helps the managing director to own upwards one's heed which operate is most important. The managing director does the most of import operate himself, in addition to he delegates the less of import operate to his subordinates.
Operations Research (OR) helps a managing director to laid upwards standards for all the work. It helps him to stair out the performance of the subordinates. It helps the managing director to notice out in addition to right the deviations (difference) inward the performance. So, OR facilitates control.
4. Improves Productivity
Operations Research (OR) helps to improve the productivity of the organisation. It helps to own upwards one's heed virtually the selection, place in addition to size of the factories, warehouses, etc. It helps inward inventory control. It helps inward production planning in addition to control. It likewise helps inward manpower planning. OR is used inward expansion, modernisation, installation of technology, etc. OR uses many dissimilar mathematical in addition to statistical techniques to improve productivity. Simulation is used past times many organisations to improve their productivity. That is, they endeavor out many production improvement techniques on a minor scale. If these techniques are successful in addition to hence they are used on a large scale.
