The field of operations research uses various analytical methods to improve our skills in decision making in a business environment. Operations research plays an important role for arriving at solutions to complex problems that often lack one specific answer. Often overlapping other disciplines like operations management and industrial engineering, it greatly draws from subjects like psychology and organization science, besides being related to applied mathematics in a big way. Operations research tools have been applied in a variety of applications involving problems related to resource allocation, work allocation, distribution of manpower, scheduling of tasks including production and to solve various problems with respect to product design. The list of applications is simply endless. A course in this field is thus going to lead to a career jump for you.
Eligibility and course duration
Bachelor's degree in any discipline but with a strong understanding of math and statistics. The program is of one year duration.
More about the course
An education in applied operations research is a very valuable one as it leads you to some top career opportunities in management. It greatly widens the horizon by expanding your knowledge about the professional world, say, how businesses work and how to maximize profit or output with minimum of cost and other inputs. The improved knowledge is helpful in applying the techniques learned through all these brainstorming. Among the things that you do in this course are learn about topics like applied mathematics, basic statistics, linear programming and optimization models. All these are helpful in experimenting with mathematical models that leads you to solutions to even complex problems. Other than that you will be going through topics in industrial engineering, cost accountancy, inventory control, queue theory and various mathematical and programming models.
Job opportunities and prospects
For someone intending to make a difference to the world, a course in applied operations research is a very effective one. It leads you to career positions in many of the top business enterprises and organizations. The course greatly expands your knowledge about the working of organizations and you may get into any of the organizations looking forward to make it big in their respective field. Operations research finds application in areas such as supply chain management, logistics, healthcare, energy, manufacturing, revenue management and so on. You may also pursue master's programs such as M.Sc in Operations Research that further adds to your knowledge and expertise.
PG Diploma in Applied Operations Research Admissions for 2021 - 2022 Academic Year
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