Mathematical theory have found applications in the field of operations management such as operations research (related to mathematics)
Mathematical Optimization - draws heavily from multivariate calculus and linear algebra
Queue theory - based on Markov chains, stochastic processes, and probability distribution.
Simulation - managers may resort to using simulation, when analytical models are not enough. Simulation has been traditionally done thought the Discrete event simulation paradigm.
Demand forecasting - even though it is not strictly speaking an operations problem, demand forecasting is a critical part of push systems, since order releases have to be planned ahead of actual clients orders.
Here are several recent topics in Operation Research or Operation Management (OM)
business/operations_research.txt · Last modified: 2017/01/17 03:35 by jhahn85