Smart Edge Computing

1Introduction to Operations Research Methodologies

The domain of operational research involves various techniques applied for complex problemsolving and arriving at decisions. Operations research methodologies are applied by organizations to solve real-life problems, as they assist in managing all operations efficiently. Hence, operations research has emerged as a scientific method for problem-solving by engaging quantitative information for enhanced decision-making methodologies of operations research including probability, statistics, simulation and optimization. This study provides an introduction to the use of methods from operations research in scientific decision-making, design, analysis and management. It also includes a guide to using these approaches. The objective of this project was to produce a text that is both comprehensible and practical. An in-depth investigation into the mathematical models and the tried-and-true and cutting-edge approaches to problem-solving that lie at the foundation of today’s software tools for quantitative research and deliberation has yielded insights that are both theoretically sound and practically applicable. While probability and statistics enable us to arrive at predictable solutions applicable in risk scenarios by applying mathematical algorithms, simulation allows the construction of models for solution testing before applying them. Optimization allows us to achieve optimum results within a given condition. Arriving at suitable ...