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Operations Research (or)

Definition of Operations Research (or)

Application of mathematical (quantitative) techniques to decision making. In OR, a problem is first clearly defined and represented (modeled) as a set of mathematical equations. It is then subjected to rigorous computer analysis to yield a solution (or a better solution) which is tested and re-tested against real-life situations until an optimum solution is found. OR applies different approaches to different types of problems: dynamic programming, linear programming, and critical path method are used in handling complex information in allocation of resources, inventory control, and in determining economic reorder quantity; forecasting and simulation techniques such as Monte Carlo method are used in situations of high uncertainty such as market trends, next period's sales revenue, and traffic patterns. Also called decision science, management science, or operational research

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Financial Dictionary

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Financial Dictionary is a dictionary or database that contains the meaning of all financial terms. Financial Dictionary has been created to help anyone, interested in understanding financial terms. It is extremely important to know what the financial terms mean when signing on terms and conditions. When availing financial products, you can be easily cheated if you don’t know what you have signed up for. To avoid this, you must be aware on what the terms really mean.

 

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We have developed this Financial Dictionary that could be used by anyone for free on our website. We have provided the meanings of almost all the financial terms along with the context in which they can be used. If you have lingering doubts on any financial term, then all you must do is log on to our website and check out the Financial Dictionary.

 

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If you wish to invest in the stock market, then it is extremely important to understand each and every term associated with it. A small misunderstanding can lead to huge losses in a matter of few seconds. It is only wise to know the meaning of all the terms before investing. The most comprehensive Financial dictionary covering all the financial terms. Brought to you by India's largest Free Financial Education company - IndianMoney.com.

 

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If you want to invest in a financial product, you must understand various financial terms. Not doing this could mean losses. Many financial intermediaries misguide you to make quick profits. You can avoid this by understanding financial terms and make smart investment decisions.

 

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