About Operations Research
Operations research (OR) are an analytical method of problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis.
The concept of operations research arose during World War II by military planners. After the war, the techniques used in their operations research were applied to addressing problems in business, the government and society.
Why is Operations Research important?
The field of operations research provides a more powerful approach to decision making than ordinary software and data analytics tools. Employing operations research professionals can help companies achieve more complete datasets, consider all available options, predict all possible outcomes and estimate risk. Additionally, operations research can be tailored to specific business processes or use cases to determine which techniques are most appropriate to solve the problem.
Operations research can be applied to a variety of use cases, including:
• Scheduling and time management.
• Urban and agricultural planning.
• Enterprise resource planning (ERP) and supply chain management (SCM).
• Inventory management.
• Network optimization and engineering.
• Packet routing optimization.
• Risk management.
Who should take the Operations Research Exam?
• Senior business professionals
• Business owners
• Entrepreneurs
• Innovators
• Anyone who wants to assess their Operations Research skills
• Business managers and senior executives
• Business or performance management consultants
• Professionals working in outsourced companies responsible for Operations Research
• Any professional with skills and knowledge on Operations Research
• Anyone interested in Operations Research
• Students
Knowledge and Skills required for the Operations Research
Candidates gain quick success if they have skills of critical thinking and good communication skills.
Operations Research Practice Exam Objectives
Operations Research exam focuses on assessing your skills and knowledge in linear programming, CPM and simulation.
Operations Research Practice Exam Pre-requisite
There are no prerequisites for the Operations Research exam.
Operations Research Certification Course Outline
1. Linear programming
2. Transportation and Assignment Problem
3. Critical Path Method
4. Project crashing and Program evaluation and review techniques (PERT)
5. Simulation
6. Business Cost Optimization
7. Maximizing Profit and Minimizing Cost
8. Cost Sensitivity Analysis
9. Network and Transportation optimization
Exam Format and Information
Certification name – Operations Research Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199
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