In particular, research analysts specialize in various areas such as finance, marketing, investment banking, equity and stocks. We at offers instant tutoring sessions in operation research.ĮxpertsMind.Research Analyst Job Description, Skills and QualitiesĪ research analyst is responsible for analysing information and data to obtain useful insights that will enable the company to improve, develop and grow in a multitude of different areas. Our online expert tutor's team at passionate & professional experienced people who are providing their precious time by online operation research assignment help, homework help services which give the best quality answers of subject questions on time given by students. Instant operation research tutors can help you in solving your toughest and complex operation research questions and they can make easy learning subject. Operation Research Tutoring - Assignment Help (ii) How best the profits could be distributed in the cases of with profit policies? etc. (i) What should be the premium rates for various modes of policies? OR approach is also applicable to enable the L.I.C. Waiting or queucing problems of passengers for tickets at booking windows or trains queueing up in marshalling yard waiting to be sorted out are tackled by various OR techniques. Mahalanobis in India when he used it in national planning. The real development of Operation Research in the national field was carried out by prof. Its use has now extended to academic spheres, such as the problems of communication of information socio-economic fields and national planning. Operations Research has come to be used in a very large number of areas such as problems of traffic question of deciding a suitable for public transport or industrial processes like ore-handling Besides its use in industry this new technique was also utilized in a number of socio-economic problems which came up after the war. The application of this tool involves certain data and not merely a personality of decision maker and hence we can say OR has replaced management by personality (e) Determination of time cost requirementsįorm all above areas of applications we may conclude that OR can be widely used in taking timely management decisions and also used as a corrective measure. (d) Co-ordination of multiple research projects (b) Reliability and evaluation of alternative designs (a) Determination of areas of concentration of research and development (d) Establishing equitable bonus systems. (b) Selection of suitable personnel on minimum salary. (a) Recruitment policies and assignment of jods. (e) Size of the stock to meet the future demand (c) Number of salesman frequency of calling of account etc (b) Advertising strategy and choice of different media of adverusing (a) Product selection timing competitive actions. (a) Maintenance policies and preventive maintenance (d) Determining the optimum production mix. (c) Number and location of factories were houses hospitals and their sizes. (b) Project scheduling and allocation or resources. (ii) Manufacturing and facility planning. (a) Location and size of warehouses distribution centers retailoutets etc. (f) Strategies for exploration and exploitation of new material sources. (e) Determination of quantities and timings of purchases. (b) Rules for buying and supplies under varying prices (a) Determining the quantity and timing of purchase of raw materials machinery etc. (b) Credit policies credit risks and delinquent account procedures-claim and complaint procedures.Ģ. (a) Cash flow analysis long range capital requirements investment portfolios dividend policies, etc. Some of the areas of management where tools of operations Research are applied are listed below: An Operation Research worker is required: (i) to minimize the input value for a specific output, or/and (ii) to maximize the output value for a specific input or/and (iii) maximize some function of these values for example the profit function (difference between output and input values) or return on investment function (ratio of output and input values). the outcome of the operation has also some value. To be precise an operation uses some valuable resources like men money machines time effort etc. Operation Research is today recognized as an Applied Science concerned with a large number of diverse human activities.
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