Advantages of Operations Research (OR)
The role, importance or advantages of Operations Research (OR) are:-
Picture or Image depicting the Advantages of Operations Research (OR).
1. Effective Decisions
Operations Research (OR) helps the managers to accept amend as well as quicker decisions. It increases the let on of alternatives. It helps the managers to evaluate the guide chances as well as results of all the choice decisions. So, OR makes the decisions to a greater extent than effective.
2. Better Coordination
Operations Research (OR) helps to coordinate all the decisions of the organisation. It coordinates all the decisions taken yesteryear the dissimilar levels of management as well as the diverse departments of the organisation. For e.g. It coordinates the decisions taken yesteryear the production subdivision amongst the decisions taken yesteryear the marketing department.
3. Facilitates Control
Operations Research (OR) helps the managing director to command his subordinates. It helps the managing director to lift one's heed which function is most important. The managing director does the most of import function himself, as well as he delegates the less of import function to his subordinates.
Operations Research (OR) helps a managing director to ready standards for all the work. It helps him to mensurate the performance of the subordinates. It helps the managing director to notice out as well as right the deviations (difference) inward the performance. So, OR facilitates control.
4. Improves Productivity
Operations Research (OR) helps to improve the productivity of the organisation. It helps to lift one's heed well-nigh the selection, place as well as size of the factories, warehouses, etc. It helps inward inventory control. It helps inward production planning as well as control. It besides helps inward manpower planning. OR is used inward expansion, modernisation, installation of technology, etc. OR uses many dissimilar mathematical as well as statistical techniques to improve productivity. Simulation is used yesteryear many organisations to improve their productivity. That is, they essay out many production improvement techniques on a pocket-sized scale. If these techniques are successful thus they are used on a large scale.
