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Operations Research Introduced In Transportation
A man named Charles Babbage who came up with the idea of a digital programmable computer, was also one of the first to men to learn and apply the ideas within operations research. -
Operations Research Impacts WWI
During World War I , operations research had become prevalent among military planners. -
Operations Research Introduced In Physics and Social Sciences
A man named Percy Bridgman, an American physicist, applied OR to problems in physics and social sciences. -
Operations Research Becomes More Modern
OR was used to improve an early warning system that was made in the UK. OR helped evaluate the problem and get it fixed more quickly. -
Operations Research Impacts WWII
1,000 men and women had came together in the face of war to help the operation research analysts. -
The Black Box Theory Was Created Due To OR
The Black Box Theory is the idea that the unknown internal structure of a structure can be figured out. It was created by Wilhelm Cauer who was a big mathematician, scientist, and operations research analyst. -
The Simplex Algorithm Was Created Due To OR
One of the most important and revolutionary algorithms was created by George Dantzig who was an Operations Research Analyst. -
Operations Research Analysts Come Into the Field
Different industries started to take in a few of the Operational Research workers who left the army. -
Dynamic Programming Was Created Due To OR
Dynamic Programming is the idea of solving a complex problem by breaking it down into smaller problems, solving those problems, and storing the answers to those problems. It was created by Richard Bellman. -
Interest In OR Grew
People became more interested in operational research because of the application of it within commerce and the industry. -
Operations Research Becomes An Official Profession
Operations research became big in mathematics and turned into a profession. -
The IFORS Was Created
The International Federation of Operational Research Societies was created and started to hold conferences. -
Groups That Supported OR Formed
People who supported and followed operations research began to come together. -
The IFORS Was Created
The International Federation of Operational Research Societies was created and started to hold conferences. -
The Founding National Societies Grew
The three founding national societies (France, UK, and United States) were joined by Australia, Belgium, Canada, India, Netherlands, Norway, and Sweden. -
The Real Options Valuation Theory Was Created Due To OR
A real option is the option to take certain business initiatives, such as deferring, expanding, or contracting a capital investment project. This idea was created by Stewart Myers. -
ALIO Was Formed
The Association of Latin-Iberoamerican Operations Research Societies was formed as a regional group; the first regional grouping for IFORS. -
The Inventory Theory Was Created Due To OR
The inventory theory(aka the theory of constraints) is the idea that places that sell things can use rules to minimize the costs associated with maintaining inventory and meeting customer demand. This theory was created by Eliyahu Goldratt . -
The U.S. Joined IFORS
The United States joined IFORS under Donald Gross and Paul Belshaw. -
Nigeria Joined IFORS
Nigeria is the most recent country to join the IFORS. They are the 52nd country to join this society. -
Michael Trick Becomes President of IFORS
The most recent president who is from the United States and will lead IFORS into its 60 year anniversary was elected for his two year term.
