Nigeria's free digital learning hub. Videos, lecture notes, practice questions and leaderboards aligned with CCMAS, NBTE, NCCE, WAEC, NECO, IJMB and JAMB curricula.
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Nigeria's free digital learning hub. Videos, lecture notes, practice questions and leaderboards aligned with CCMAS, NBTE, NCCE, WAEC, NECO, IJMB and JAMB curricula.
Operational Research and Systems Modeling focuses on the application of scientific methods, mathematical techniques, and analytical tools to support effective decision-making and problem-solving in organizations. Operational Research (OR) involves the use of quantitative approaches such as optimization, simulation, linear programming, queuing theory, and forecasting to improve the efficiency and effectiveness of operations. Systems Modeling, on the other hand, is the process of creating simplified representations of real-world systems to understand their structure, behavior, and interactions, enabling managers to evaluate different scenarios and predict outcomes before implementing decisions. Together, Operational Research and Systems Modeling provide a systematic framework for analyzing complex organizational problems, optimizing resource allocation, reducing costs, managing risks, and enhancing overall organizational performance, making them essential tools for strategic and operational decision-making in modern organizations.
This lecture is part of BUA 411 Analysis for Business Decision in the Business Administration department. The course has 15 recorded lectures across 5 series, all free to watch. Read or download the BUA 411 lecture note to study alongside the video.
