Operations Research and Value Engineering - Role in Decision Making and Productivity Improvement

Provided by: International Journal on Computer Science and Technology (IJCST)
Topic: Enterprise Software
Format: PDF
"In today's highly competitive business environment it has become a truism only the fittest survive. Organizations invest in many different aspects of managing their business in order to remain competitive. Operations research and value engineering is a key strategic factor for increasing organizational productivity and for better utilization of resources. Operations research has gained significance in applications like lean production, six-sigma quality management, benchmarking and Just-In-Time (JIT) inventory techniques. The growth of global markets and the resulting increase in competition have highlighted the need for operation research."

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