If you find papers matching your topic, you may use them only as an example of work. Our website is a unique platform where students can share their papers in a matter of giving an example of the work to be done. In the last part, the objective function is maximized subject to the constraints imposed by the model. The report 'Operational Research in Decision Making' analyzes the essence of operational research tools and their role in the decision-making process. The formal structure of a decision problem in any area can be put into four parts: (1) the choice of an objective function defining the relative desirability of different outcomes, (2) specification of the policy alternatives which are available to the agent, or decisionmaker, (3) specification of the model, that is, empirical relations that link the objective function, or the variables that enter into it, with the policy alternatives and possibly other variables, and (4) computational methods for choosing among the policy alternatives that one which performs best as measured by the objective function. Operations Research is a bouquet of mathematical techniques which have evolved over the last six decades, to improve the process of business decision making. Queues or Queuing theory was first analyzed. Thus, the problems could be solved as the system or process is based on the mathematical sciences or the mathematical optimization. The advanced analytical methods help to make the better decisions. One of the major uses of operational research in healthcare is in the form of Queuing theory. The operational research is a discipline, which helps to deal with the applications present in an organization. OR has been studied in health care settings since 1952. Operations research techniques convert uncertainty into quantifiable factors. Operation Research existed as a scientific discipline since 1930’s.It is a discipline of applying appropriate analytical methods for decision making. If we have to make the best decision possible, what should we do You evaluate every possible option by weighing each option’s pros and cons. Most of the time, an owner has to make decisions based on his instincts and hunches rather than having reliable data. Operations Research in one word: Optimization. In a certain sense-a very abstract sense, to be sure-it incorporates operations research, theoretical economics, and wide areas of statistics, among others. Operations research is an important for small business owners to use when making decisions. As a result, application of an OR generated. Decision theory, as it has grown up in recent years, is a formalization of the problems involved in making optimal choices. Better system: OR is used to analyze critical decisions such as where to establish a new factory or warehouse.