Operations Research and Decision Making (OR/DM) is a field of study that focuses on the development of mathematical models and methods to support decision-making in complex, real-world situations. OR/DM is used to analyze and optimize business processes, identify and evaluate potential solutions, and develop strategies for decision-making. OR/DM is used in a variety of industries, including finance, healthcare, manufacturing, and transportation.
OR/DM is a multi-disciplinary field that combines elements of mathematics, computer science, economics, and psychology. It involves the use of mathematical models and algorithms to analyze data and develop solutions to complex problems. OR/DM is used to identify and evaluate potential solutions, develop strategies for decision-making, and optimize business processes.
Some of the companies in the OR/DM market include IBM, SAS, Oracle, Microsoft, and SAP. These companies provide software and services to help organizations make better decisions and optimize their operations. Show Less Read more