SIC Code 8731-35 - Operations Research
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SIC Code 8731-35 Description (6-Digit)
Operations Research is a field that uses mathematical and analytical methods to help organizations make better decisions. It involves the application of advanced analytical techniques to solve complex problems in various industries. Operations Research professionals use mathematical models, statistical analysis, and optimization algorithms to improve decision-making processes and increase efficiency. This field is also known as management science or decision science.
Hierarchy Navigation for SIC 6-Digit Code 8731-35
Parent Code (less specific)
Tools
- Linear programming
- Nonlinear programming
- Simulation
- Queuing theory
- Decision analysis
- Game theory
- Network analysis
- Forecasting
- Data mining
- Optimization algorithms
Industry Examples of Operations Research
- Supply chain management
- Transportation logistics
- Healthcare operations
- Financial risk management
- Energy production and distribution
- Manufacturing process optimization
- Telecommunications network design
- Military operations planning
- Environmental resource management
- Marketing campaign analysis
SIC Code 8731-35 - Operations Research
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