Economic Research: Operations Research Jobs

Tuesday, 4 December 2012

Operations Research Jobs

The OR analyst applies scientific method to problems concerning the management of systems of people, machines, materials and money in industry, business government and defence. He or she conducts logical analysis of management problems in collaboration with management with a view to understanding the system behind that problem, so that the system may be made to work in a manner which eliminates the problem.

The analyst will strive to define the objectives and constraints of the system in quantitative terms and will generally develop a mathematical model which includes chance and risk factors. The analyst often operates as an agent of change within the system and must therefore develop interpersonal skills and be able to work with management as part of an interdisciplinary team.

Standard OR techniques such as Linear Programming, Critical Path Analysis, Simulation, Statistical Decision Theory, Queueing Theory and Inventory Control Theory may be used. Specialist work may be in the production, marketing or financial planning areas.