Economic Research: Operations Research Analysts

Wednesday 5 December 2012

Operations Research Analysts

Operations research and management science are terms that are used interchangeably to describe the discipline of applying advanced analytical techniques to help make better decisions and to solve problems. The procedures of operations research have given effective assistance during wartime missions, such as deploying radar, searching for enemy submarines, and getting supplies where they were most needed. New analytical methods have been developed and numerous peacetime applications have emerged, leading to the use of operations research in many industries and occupations.The prevalence of operations research in the Nation’s economy reflects the growing complexity of managing large organizations that require the effective use of money, materials, equipment, and people. Operations research analysts help determine better ways to coordinate these elements by applying analytical methods from mathematics, science, and engineering. They solve problems in different ways and propose alternative solutions to management, which then chooses the course of action that best meets the organization’s goals. In general, operations research analysts may be concerned with diverse issues such as top-level strategy, planning, forecasting, resource allocation, performance measurement, scheduling, the design of production facilities and systems, supply chain management, pricing, transportation and distribution, and the analysis of large databases.