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Operations research is defined as “the science of decision.” It is necessary, therefore, to understand the rationale and operation of the decision process. Decision is primarily based upon two quantities: (1) the probability with which certain immediate outcomes may result if a given course...
Many business, economic, and engineering problems involve devising means of achieving optimal results in the face of a series of restrictions. These restrictions may assume a variety of forms. Plant or machine capacities, labor requirements, market restrictions, procedural and policy conditions,...
The genesis of management consulting is somewhat obscured in the mists of time. However, the profession's written history begins with the work of Frederick W. Taylor, Henry L. Gantt, Emerson, and other pioneers of scientific management, who began their work around 1885. At that time they...
Of the several points discussed in the previous paper Hitch, C. J. 1953. Jour. Op. Res. Soc. America 1 87., perhaps only one requires any mathematical restatement or explication. This one is the so-called “Golden Rule” for the allocation of scarce resources. Here we present, for a simple...
No abstract available. Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.
This paper had its origin in consideration of the work reported on by D. M. Boodman Boodman, D. M. 1953. The reliability of airborne radar equipment. Jour. Op. Res. Soc. America 1 (February) 39–45.. The purpose is to examine some of the implications arising from the assumption that a piece of...
Book Review —Navy Messaging—reviewed by TLP. Book Received Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.
The validity and therefore the usefulness of operations research depend upon the skill with which projects are designed and particularly upon the shrewdness with which criteria (“payoffs,” “objectives functions”) are selected. The criterion problem has been relatively neglected in...
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