There is no generally accepted single definition for Operations Research (OR), or as it is also referred to, Management Science. In short however, it can be described as:
The field of applied analytical methods for decision making in logistical business environments.
Students involved in OR, develop and use mathematical and computational methods, which help to evaluate, improve or resolve operational and logistical issues in business or industrial situations.
OR deals with questions such as:
* How can we model a complex production line or a hospital department so as to evaluate its performance and compute the effect of possible changes? * Should service capacities be pooled, such as check-in counters at airports, call centre agents in contact centres or MRI-scans in hospitals? * How much blood must be donated and produced at blood banks in order to minimise shortages, wastage and costs? * How can we establish minimal cost routing and distribution schemes? * How much, of which, product mix should a firm produce?
Students become familiar with practical questions and possible approaches through both theoretical and practical (two case) courses. They also have the opportunity to undertake an internship as part of the Master thesis. Why study Operations Research at the University of Amsterdam?
The programme offers:
* a well balanced curriculum with advanced Deterministic and Stochastic Operations Research courses as well an Applied Operations Research-stream. * opportunities for additional elective courses or a practical internship. * practical experiences and contacts leading to specialized case courses and possibilities for thesis topics. * teaching staff with established scientific records and reputations in deterministic (TSP, heuristics, scheduling, inventory theory) and stochastic (queuing, queuing-networks, Markov decision theory) OR. * excellent career prospects for Graduates of Operations Research.
The Master in Operations Research is intended for students with an Academic Bachelor degree or specified certificate in exact sciences such as: * Operations Research * Mathematics and/or Statistics * Industrial or Electrical Engineering or Computer Science
Recipient: University of Amsterdam
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