Industrial Business Management - Essay ExampleNot a cure http://writing-service527.mystrikingly.com/ –all, it has definite limitations- just as it has great possibilities and excellent record of accomplishments. Operations research broadens and formalizes the basic principles of scientific management and uses the methods long applied to problems in physical science. When a business man faced with a marketing problem that involves variables employs algebra to calculate the best time to sell his product, he is using the operations research approach. Instead of studying insects, or atoms, or heart diseases, like most sciences, operations research studies men and machines in action. And it employs the talents of a team of scientists, rather than man. Operations research teams include physicist, political scientist, mathematician, economists, engineers, psychologists, and on down the line of practically every science- physical, biological, social or human. Faced with a problem, an operations research team gathers every piece of information which bears on the situation.
