Applications of Operations Research in Supply Chain Management


Authors : Samyak Shah; Sanya Dagaria; Sarvath Shetty; Sasha Sharma; Shivansh Shah

Volume/Issue : Volume 6 - 2021, Issue 10 - October

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3pr0VNg

Operations Research (OR) is the analytical method of decision making and problem solving with the use of mathematics and logic. This is extremely useful in the management of organizations and is used by various industries all over the world. Through the study and research of this project, the overall OR practices of the chosen topic- Supply Chain Management are determined and analyzed. This project focuses on the applications, objectives and limitations faced in the industry. Our aim is to elucidate our readers on the three most critical aspects of the chosen topics, these being- Production, Inventory Routing and Transportation. It also studies the various methodologies used to solve problem and optimize resources used in the organization. The findings and research have helped us attain the objective of the project which was to acquire conceptual clarity of operations research as a subject and its applications in the global context.

Keywords : Supply Chain Management, Linear Programming, Optimization, Operations Research, Transportation, Inventory Routing, Simplex Method, Production.

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31 - December - 2021

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