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Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
Operations management research is a field which deals with applications of analytical methods which are advanced so that decisions can be chosen with more care and they are very efficient. Further employing techniques which are from mathematical sciences like statistical analysis, mathematical modeling and optimization done through mathematics, here operation research plays an important role as it can be used at optimal or near the optimal solution to the complex problems which are based on the decision making process. Because of the emphasis on the interaction of human and technology and because of the focus on some practical applications, operation researches has been overlap with some other disciplines, notably operations and industrial engineering and conclude on organizational science and psychology. It is mainly concerned with the determination of minimum and maximum some objectives which are real world.
The main sub disciplines in operation research are:
• Information technologies and computing
• Financial engineering
• Supply chain management, service sciences and manufacturing
• Revenue management
• Public sector work and policy modeling
• Stochastic models
Topics Help For Operations Strategy and Management Assignment
- Research methods and statistical techniques that can be used to measure short term and long term stock price effects, stock price volatility effects, operating performance effects of operations decisions, stock price and accounting data to research issues related to operations management,
- quality management, supply chain disruptions, inventory management, new product development, demand supply mismatches, capacity management, investments in information technology and environmental performanc,Operations Strategy;Process Concepts
- Process Redesign Techniques;Process Identification ;Process Modeling;Clockspeed;Supply Chain Dynamics;Process Enterprises;Leading Process Redesign;Process Redesign Methodology;Process Implementation;Strategic Positioning;Capabilities Strategy