Also known as: or.
OR stands for various terms. Discover the full forms, meanings, and possible interpretations of OR across different fields and industries.
An organized and systematic analysis of complex situations, such as arise in the activities of risk-taking organizations of people and resources. The analysis makes use of certain specific disciplinary methods, such as probability, statistics, mathematical programming, and queuing theory. The purpose of operations research is to provide a more complete and explicit understanding of complex situations, thus leading to an optimum performance of individuals, utilizing the resources available.
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