Wednesday, July 05, 2006

Careers in the Decision, Risk and Management Sciences

The article from science websiste discusses the career development.
The 10,000-member Institute for Operations Research and the Management Sciences
(INFORMS) has members working for homeland security, transportation, health
care, law enforcement, the military, and telecommunications. These people apply
scientific methods to help improve decision-making, management, and operations
for many different kinds of organizations, says Barry List, director of
marketing and public relations at INFORMS. "By using techniques such as
mathematical modeling to analyze complex situations, operations research
provides the power to make more effective decisions and build more productive
systems based on more complete data; consideration of all available options;
careful predictions of outcomes and estimates of risk; and the latest decision
tools and techniques

Usually, people in OR often thinks what people should do. Even under game theory, there is a strict restriction on the people behavior. So it would be fun to study what people would do under specific situation. Based on that, operations research analysists can conduct optimal response to the party they serves. Moreover, the strategy of avoiding the irrational impact from others can be developed.

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