Decision Making with Operations Research in Global Business

Gaurav Verma; Kulwinder Singh

Gaurav Verma Asst. Prof. in Mathematics, Gobindgarh Public College, Alour, Ludhiana, Punjab, India
Kulwinder Singh Asst. Prof. in Mathematics, Punjab Agricultural University, Ludhiana, Punjab, India

Keywords: Operations Research, Business Organizations, Managers, Problem solving, Decision making.

Abstract

The Operations Research is one of the employing technique used very much for make better decisions in the global business. Research has shown that majority of managers in global business organizations use of operations research techniques. The objective of this paper is to discuss the principles and ideas of Operations Research which are very helpful in a dynamic, complex and competitive business environment. To achieve the aim of the paper, this paper examines the nature of Operations Research, the Operations Research techniques available for managers and the various areas of operation where they can be applied. Therefore, this paper reviews the application of Operations Research to the Global business organizations to take the effective and consistent decision making to achieve business excellence.

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