O.R. stands for "Operations Research". It is a branch of mathematics that deals with decision making and optimization of complex systems. In the context of costing, Operations Research techniques might be used to optimize costs in a production or manufacturing process, for example by using linear programming to determine the most cost-effective production schedule.
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what is full form of O.R.
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O.R. stands for "Operations Research". It is a branch of mathematics that deals with decision making and optimization of complex systems. In the context of costing, Operations Research techniques might be used to optimize costs in a production or manufacturing process, for example by using linear programming to determine the most cost-effective production schedule.
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