MIE376 Lec 1a - Intro

MIE376 Lec 1a - Intro - Mathematical Programming Within the...

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MIE376 – Mathematical Programming 1 Mathematical Programming Within the context of Operations Research methods
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MIE376 – Mathematical Programming 2 Definition of OR Operations Research , or simply OR is an interdisciplinary science which deploys scientific methods like mathematical modeling , statistics, and algorithms to decision making in complex real-world problems which are concerned with coordination and execution of the operations within an organization. The nature of organization is essentially immaterial . The eventual intention behind using this science is to elicit a best possible solution to a problem scientifically, which improves or optimizes the performance of the organization.
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MIE376 – Mathematical Programming 3 the name… Started in WWII under the name of Operational Research Also called Management Science Traditionally associated with Industrial Engineering, More recently as Systems Engineering Institute for Operations Research and the Management Sciences In 2005 INFORMS introduces its motto: The Science of Better.
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MIE376 – Mathematical Programming 4 Focus on Operations The origin and mainstay of OR Justifies dual “homes” for OR Industrial engineering in engineering schools, Operations management in business schools.
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5 Nature Of Organization Is Immaterial Energy, defence, healthcare, transportation, mining,
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MIE376 Lec 1a - Intro - Mathematical Programming Within the...

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