Abstract: “OR utilizes the planned approach and an interdisciplinary team in order to represent complex functional relationships as mathematical models for the purpose of providing a quantitative analysis’’ -Thieraub and Klekamp In the research paper, the overview of the industry for two years has been provided along with the research objectives as to what our main task was, what areas are focused on and what all the issues are as well as the steps taken to avert those issues. Operation research (OR) plays a crucial role in evaluating certain financial issues such as foreign exchange market, securities development, market regulations, debt, etc. OR helps in solving these problems and provides a proper solution to it. The research done on the financial market has provided us with various inputs as to when an investment should be made and when the investment should be sold off so as to earn or reap the maximum benefits out of it. The financial market is very vulnerable to any changes and hence, people need to keep a very close and frequent watch of it. People need a deep understanding of the financial market to act in it and is not an area of a layman. Basics also work when it is related with small scale transactions but when it comes to the large investments, it is always advisable to take help of an expert. For efficient solving of problems, OR techniques that were used twenty years ago such as statistical analysis, Linear Programming Forecasting, and Simulation were followed. Apart from these, some other problems which could be solved through OR were funding decisions.
Publication Year: 2019
Publication Date: 2019-10-24
Language: en
Type: article
Access and Citation
Cited By Count: 1
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot