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Operations Research for Business Applications
Hardcover
Business GeneralTechnology & Engineering
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ISBN13: 9798887156880
Publisher: Oryson Press
Pages: 242
Weight: 1.41
Height: 0.56 Width: 7.00 Depth: 10.00
Language: English
Publisher: Oryson Press
Pages: 242
Weight: 1.41
Height: 0.56 Width: 7.00 Depth: 10.00
Language: English
Operations Research for Business Applications introduces a critical discipline focused on applying advanced analytical methods to improve decision-making and efficiency within complex organizational systems. Businesses face persistent challenges in resource allocation, process optimization, and strategic planning, requiring robust quantitative approaches to navigate uncertainty and achieve optimal outcomes. This field provides essential tools to tackle such intricate problems systematically. This book systematically explores fundamental OR concepts, beginning with problem identification and the distinction between linear and nonlinear optimization. It delves into linear programming, detailing graphical solution methods and the core principles of the Simplex algorithm, including its advanced applications and the concept of duality. Further, it covers two-person zero-sum game theory, explaining optimal strategies and their resolution. The text also examines graph theory, presenting algorithms for shortest paths, network planning, and flow problems, before concluding with an analysis of queueing models, stochastic processes, and complex service networks. This comprehensive resource is designed for students, researchers, and professionals seeking to master the quantitative techniques essential for modern business optimization and strategic decision-making.
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