Beneficiaries of Operation Research and Simulation

Operation Research and Simulation:

An operation research (OR) is a discipline explicitly devoted to aiding decision makers. It may also be defined as the discipline of applying advanced analytical methods to help make better decisions. Simulation is a very general technique for estimating statistical measures of complex systems.

As we are industrial engineers, our mission is

❖ Help with the challenge of making complex decisions by:
▪ Performing quantitative analysis that provides insight.
▪ Providing sensible options and recommending courses of action.
▪ Reducing risk.
▪ Improving the quality of recurring decisions.
▪ Have a dramatic, positive impact on a project’s or organization’s value.

The phenomenal growth of simulation throughout industry has led to a growing demand for simulation professionals to develop models and modeling tools, and to manage large and complex simulation-based projects. Lacking a source of simulation professionals, the traditional approach has been to re-train engineers, scientists or programmers in the specialized skills needed for a given modeling or software development effort.

So, here we try to present a paper on OPERATION RESEACH AND SIMULATION with terminologies involved in OR, SIMULATION, their computer application tools, their benefits, and with our duties as industrial engineers. Finally, we conclude with a case study in accordance with the conference theme that the advances are not restricted to academia, but have greatly benefited the policy makers, business and practitioners.