Show moreĮconomics and Operational Research explores the possible connections of the organization of human and material resources by concentrating on the interpretations of management decisions at various levels in the economy. This book is a valuable resource for management and engineering personnel. The final chapter discusses the important aspects of national planning, wherein the collection of all consumers and producers makes up one large economic system. This book discusses as well the control of congestion that arises through decentralization and the construction of an overall planning model. Other chapters consider the problem of the transportation of goods through busy road networks and the efficiency attained through central planning. This text then described generally how consumers and producers react to each other. Organized into 10 chapters, this book begins with an overview of how consumers manage their own budgets and how manufacturers select their production processes. This book discusses economics and mathematics as an analytical tool. Thus O.R. started to spread and expand in the United States.Economics and Operational Research explores the possible connections of the organization of human and material resources by concentrating on the interpretations of management decisions at various levels in the economy. World war II had sparked scientific advances in the study of communication, computation, & control which produced the technological grounds for automation. In early 1950s industry started to take in a few of the Operational Research workers who left the army. The ultimate involvement of science in industrial problems of the executive type in the US is a result of the advent of Second Industrial revolution. The majority of the experienced workers stayed in the service of the army. To the contrary, defense research in US was increased and O.R. was expanded at the conclusion of war. Professionals in the nationalized basic industries, specifically, needed assistance from the OR men leaving the military organization. In the UK expenses on defense research were lowered this resulted in the discharge of numerous Operational Research workers from the military at a time when business managers were facing the need to restore much of Britain’s production facilities which had been ruined in war. The aim was to discover the most efficient usage of limited military resources by the application of quantitative techniques.Īt the conclusion of war different things happened to O.R. in the Great Britain and in the United States. Thus, the Operational Research began during World War II in great Britain with the establishment of groups of scientists to analyze the strategic and tactical problems associated with military operations. Ever since then, OR has developed into a subject frequently employed in industries including petrochemicals, logistics, airlines, finance, government, etc. In the years following the war, the methods started to be employed extensively to problems in business, industry and society. During World War 2, a team of scientist (Blackett’s Circus) in UK applied scientific techniques to research military operations to win the war and the techniques thus developed was named as operation research.Īs a formal discipline, operations research originated from the efforts of army advisors at the time of World War II. The name operations research evolved in the year 1940. Based on the history of Operations Research, it is believed that Charles Babbage (1791-1871) is the father of Operational Research due to the fact that his research into the cost of transportation and sorting of mail resulted in England’s universal Penny Post in 1840.