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)


 






© 2006 Colorado School of Mines