-
Evaluating all the options to find out most suitable solution to business problems is inter-displinary activities. It is called
-
- Professional research
- Management research
- Operational research
- Commercial research
- Professional research
Correct Option: C
Operational research is a discipline that deals with the application of advanced analytical methods to help make better decisions. Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. In a nutshell, operations research (O.R.) is the discipline of applying advanced analytical methods to help make better decisions.
