2) Discuss the importance of Operations Research in business management.
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- What might the key processes for health care organizations be?How is co-ordination achieved in team-based, project-based and process-based structures?(a) Explain the following with application by giving the examples in your own words. Write the objectives of operational research? Write the phases of operational research? Write the drawbacks of operational research?
- 1) Discuss the art and science aspect of operations research.What does the formulation of a research problem represents?There are multiple disciplines including education, psychology, political science, and many others that conduct research and are analyzed using mathematical and statistical techniques to model data. The two models that are most common to use is quantitative and qualitative models. Imagine you are managing a large company and there are many competitors in the market: 1. Describe which modeling approach you would use to analyze data between quantitative and qualitative 2. Explain why you would select that model.