What are some ways to use operations research to improve manufacturing plant resource allocation?
Operations research (OR) is a discipline that applies mathematical models and methods to solve complex problems in various fields, such as business, engineering, and management. One of the areas where OR can have a significant impact is manufacturing plant resource allocation, which involves deciding how to use the available resources, such as machines, materials, labor, and energy, to meet the production goals and customer demands. In this article, you will learn some ways to use OR to improve manufacturing plant resource allocation and optimize your performance, efficiency, and profitability.