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-Deriving solutions from the model
-Establishing controls over the solution
- Constructing a model to represent the system
- Deriving solutions from the model
Two common methodologies of Operations Research are:
1. **Linear Programming (LP)**: A mathematical technique used to optimize a linear objective function, subject to a set of linear equality and inequality constraints. It's widely used in resource allocation, production planning, and transportation problems.
2. **Queuing Theory**: A method used to study waiting lines or queues, aiming to predict queue lengths and waiting times. It's applied in industries like telecommunications, customer service, and logistics to improve efficiency and manage congestion.
Linear Programming
Simulation