communication partner
OPERATIONS RESEARCH
The intent is to use advanced mathematical methods to gather information and form it into quantitative matter for decision making. The nature of the techniques used require mathematical modeling, statistical analysis, and mathematical optimization. Aside from raw operational data, engineering, psychology and organizational science are also also taken into consideration upon determination of optimal solutions to complex problems. Discovery of efficiencies to operations study the processes within manufacturing, engineering, logistics, business process management, business process reengineering, lean manufacturing, and six sigma.
Examples of real world problems are how to [maximumize profit] via performance or yield and [minimize loss] due to risk or excessive cost. Some mathematical tools or models include the following:
Computing and information technologies
- directories
- environment, energy, and natural resources
- file systems
- information management system (IMS)
- corporate finance
- derivatives pricing
- execution
- financial regulation
- forecast analysis
- portfolio management
- risk management
- structured products
- trading
Manufacturing, service sciences
- agile manufacturing
- american system of manufacturing
- craft or guild system
- english system of manufacturing
- fabrication
- flexible manufacturing
- just in time manufacturing
- lean manufacturing
- mass customization
- mass production
- net present value
- ownership
- packaging and labeling
- prefabrication
- putting-out system
- rapid manufacturing
- reconfigurable manufacturing system
- Soviet collectivism in manufacturing
Marketing Engineering
Policy modeling and public sector work
Revenue management
- B2B
- B2C
- comparative advantage
- consumer behavior
- contribution margins
- cross-price elasticity
- customer relationship management (CRM)
- discount rates
- distribution channels
- division of labor
- forecast
- market segmentation
- market share
- price sensitivity
- strategy
Stochastic models (function of one argument in order to understand a process which can only develop in one way thus exists as a single system or within a larger and interconnected system)
Probability and statistics (two related but separate academic disciplines)
Within this section are overlapping areas of methodology that help form quantitative data for decision making other than operational research. These include the following:
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