operational research

operational research
= operations research
A scientific method of approaching industrial and commercial problems in order to arrive at the most efficient and economic method of achieving the desired objective. It basically consists of making a clear statement of the problem, designing a model to represent the possible solutions using different strategies, and applying the solutions obtained from the analysis of the model to the real problem. It makes use of game theory, critical-path analysis, simulation techniques, etc.

Big dictionary of business and management. 2014.

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