One can find a lot of citations by searching for "Operations management, logistics". There are numerous graduate programs and textbooks, typically related to industrial engineering. Also, "supply chain" is a common term.chaoticflow said:Hi Guys,
I'm looking for a good text on operations research and modelling.
Specifically, I want to look at developing models for transportation and inventory management.
Any good books that you would recommend?
Thanks,
Operations Research (OR) is a scientific approach to decision-making that uses mathematical and analytical methods to solve complex problems in various fields such as business, engineering, and healthcare.
Operations Research has a wide range of applications, including supply chain management, logistics, scheduling, inventory control, and resource allocation. It can also be used in finance, marketing, and risk management.
A typical book on Operations Research covers topics such as mathematical modeling, optimization techniques, decision analysis, simulation, and statistical analysis. It also includes case studies and real-world examples to demonstrate the application of OR in different industries.
To understand and apply Operations Research, one needs to have a strong foundation in mathematics, particularly in linear algebra, calculus, and probability. Additionally, knowledge of programming languages and data analysis tools can be useful.
By using Operations Research, businesses and organizations can improve their decision-making processes, optimize their operations, reduce costs, increase efficiency, and gain a competitive advantage in the market. OR can also help in identifying and solving problems that may not be apparent on the surface.