Strategies for Operational Excellence: Exploring Advanced Optimization Methods in Operations Research
Author : Anjaiah Mende
Abstract :
This research paper explores the strategies and applications of advanced optimization methods in operations research, focusing on achieving operational excellence through efficient decision-making and resource allocation. The paper delves into various optimization techniques, including linear programming, integer programming, dynamic programming, and their real-world applications across industries such as supply chain management, production planning, healthcare, and transportation. Real case studies from organizations like Amazon, Delta Air Lines, and Mayo Clinic highlight the tangible benefits of optimization, including cost savings, improved efficiency, and enhanced customer satisfaction.
Moreover, the paper discusses emerging trends in advanced optimization, such as AI integration, multi-objective optimization, and real-time decision-making, shaping the future of operational practices. Despite the transformative potential, advanced optimization faces challenges such as computational complexity, data quality issues, and organizational resistance. Addressing these challenges requires continuous innovation and strategic implementation. By examining the current landscape and future directions of advanced optimization, this paper provides insights into leveraging optimization methodologies to drive operational excellence and navigate complexities in modern business environments.
Keywords :
Advanced optimization, operations research, linear programming, integer programming, dynamic programming, supply chain management, production planning, healthcare operations, transportation optimization etc.
