What future for Operations In your own words, answer the following questions in

Question

What future for Operations

In your own words, answer the following questions in an essay:

What is this presentation about?
What does the IE/OR discipline try to answer now? Give an example.
What should our discipline answer in the future? Give an example.
What can be done for a better future of our own discipline?
Revise your answer to the bonus question of the midterm: what future sectors and specialization fields of OR/IE are promising, after you listen to this talk.
Word limit: At least 200, at most 300 words.

RESOURCES:

Slides:

http://engr.bilgi.edu.tr/wp-content/uploads/2013/05/what-future.pptx

Explanation / Answer

Operations research is concerned with quantitative decision problems, generally involving the allocation and control of limited resources. Such problems arise, for example, in the operations of industrial firms, financial institutions, health care organizations, transportation systems, and government. The operations research analyst develops and uses mathematical and statistical models to help solve these decision problems

Management Science and Engineering (also known as Engineering Management Systems) is a multidisciplinary field in industrial engineering, operations research, contemporary technology, business, economics, and management. It provides a foundation for decision making and managing risks in complex systems.

In industrial engineering, research is conducted in the area of logistics, routing, scheduling, production and supply chain management, inventory control, revenue management, and quality control.

In operations research, new developments are being explored in mathematical programming, combinatorial optimization, stochastic modeling, computational and mathematical finance, queueing theory, reliability, simulation, and both deterministic and stochastic network flows.

In engineering and management systems, research is conducted in the areas of logistics, supply chain optimization, and revenue and risk management.

best example of or/ie is in agriculture sector

The study of agricultural law as a field originated in the department. Research in agricultural law deals with issues that affect policy makers, producers, and landowners in Illinois, the U.S., and throughout the world. For example, current and recent research has focused on environmental problems, agricultural land and real property, farm tenancy, biotechnology, intellectual property, commercial law, and international agricultural law. The department's law faculty frequently collaborate with other faculty in the department, and assist graduate students interested in legal issues.

Because it makes sense to make the best use of available resources. Today%u2019s global markets and instant communications mean that customers expect high-quality products and services when they need them, where they need them. Organisations, whether public or private, need to provide these products and services as effectively and efficiently as possible. This requires careful planning and analysis %u2013 the hallmarks of good OR. This is usually based on process modelling, analysis of options or business analytics.

techniques::

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