|
OPERATIONS RESEARCH• • • [DIVISION
OF ECONOMICS AND BUSINESS]
Within the Division of Economics and Business,
the graduate programs in Mineral Economics and Engineering and Technology Management
offer students the ability to specialize in Operations Research and Operations
Management. Operations
Research: The Science of Better This
is the official slogan of the Operations Research/Management Sciences profession
as adopted during the 2003 National Conference of the Institute For
Operations Research and Management Science (INFORMS).
Why is Operations Research considered by those "in the know" to be the
"science of better"? Operations Research
focuses on applying mathematics to the management of complex systems. Practitioners
of Operations Research excel at modeling complex real-world problems using mathematics,
developing solution techniques for these problems, and analyzing the results to
gain insights for decision-making. Mathematical models developed by practitioners
of Operations Research are firmly rooted in and are consistent with underlying
physical, psychological, and organizational principles applicable to the problem.
Operations Research models facilitate decision-making for investment or consumption
decisions made by individuals, strategic or operating decisions made by firms,
or policy decisions made by institutions or governments. Below
are just a few of the important web sites available on Operations Research. The
INFORMS web site contains many additional links of interest, including links to
the Franz Edelman prize, the premier award recognizing exceptional applications
of Operations Research in practice. You may also click on the links to EB faculty
members who have research interests or expertise in Operations Research. Graduate
students in the Division of Economics and Business may emphasize Operations Research
as part of their Engineering and Technology Management or Mineral Economics Master's
degree curriculum, or as part of their Mineral Economics Ph.D. curriculum.
Current
and former student project summaries!
Operations
Research Faculty:
- Cigdem
Gurgur - Alexandra Newman - Michael Walls
Web
Links
www.informs.org
- www.poms.org
-
www.decisionanalysis.org (INFORMS decision analysis society web page)
|