Having know the definition of OR, it is easy to visualize the scope of operation research.
When we broaden the scope of OR,
we find that is has really been practiced for hundreds of years even before World War II.
Whenever there is a problem of optimization, there is scope for the application of OR.
Its techniques have been used in a wide range of situation, all are listed as under,
Let,s discuss one by one,
1) In Industry
In the field of industrial management,
production, blending, product mix, inventory control, demand forecast, sale and purchase, transportation, repair and maintenance, scheduling and sequencing,
panning, scheduling and control and control of projects and scores of other associated areas.
2) In Defence
operations, intelligence, administration, training and the like.
5) Public Utilities
It is increasingly being applied in L.I.C offices to decide the premium rates of various policies.
Whenever a departmental store faces a problem like employing additional sales girls, purchasing an additional van etc.