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Operations Research Techniques

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Dynamic Programming

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A method for solving complex problems by breaking them down into simpler subproblems. It is applicable to problems exhibiting the properties of overlapping subproblems and optimal substructure.

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Linear Programming

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A mathematical method for determining a way to achieve the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.

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Network Flows

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Algorithms used to solve problems related to flows in networks. It determines the optimal path and flow through a network that leads to the desired outcome such as the maximum flow or lowest cost.

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Integer Programming

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A mathematical optimization or feasibility program in which some or all of the variables are restricted to be integers. It's mostly used when the decision variables are required to be discrete.

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Simulation

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A technique to model the operation of a system or process through the use of a computer program that runs a model of the system to study its behavior over time.

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Queuing Theory

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A mathematical study of waiting lines or queues. This theory can help predict queue lengths and waiting times, which is useful for designing more efficient queue systems.

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Heuristic Methods

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Approach to problem solving that employs a practical method not guaranteed to be optimal but sufficient for reaching an immediate, short-term goal or approximation. Commonly used for complex optimization problems.

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Branch and Bound

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An algorithmic method to solve optimization problems. It systematically enumerates candidate solutions by means of a state space search: the set of candidate solutions is thought of as forming a rooted tree.

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