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 guide maintain meliorate as well as quicker decisions. It increases the lay out of alternatives. It helps the managers to evaluate the jeopardy as well as 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 as well as the diverse departments of the organisation. For e.g. It coordinates the decisions taken past times the production subdivision amongst the decisions taken past times the marketing department.
3. Facilitates Control
Operations Research (OR) helps the director to command his subordinates. It helps the director to cause upwards one's demand heed which operate is most important. The director does the most of import operate himself, as well as he delegates the less of import operate to his subordinates.
Operations Research (OR) helps a director to cause standards for all the work. It helps him to stair out the performance of the subordinates. It helps the director to honor out as well as 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 cause upwards one's demand heed almost the selection, place as well as size of the factories, warehouses, etc. It helps inward inventory control. It helps inward production planning as well as control. It likewise helps inward manpower planning. OR is used inward expansion, modernisation, installation of technology, etc. OR uses many dissimilar mathematical as well as statistical techniques to improve productivity. Simulation is used past times many organisations to improve their productivity. That is, they endeavour out many production improvement techniques on a minor scale. If these techniques are successful as well as thence they are used on a large scale.
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