The subject deals with the usage of advanced analytical methods to make better decisions. These decisions will be based on mathematical modelling and statistical analysis. It includes gathering problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency. Operational research is widely used in airlines, manufacturing companies, service organisations, military, and in government organisations. You will be designated as an Operations Research Analyst and Operational Researcher at work.
■ GITAM University
The Visakhapatnam-based University offers an MPhil in Operational Research under its GITAM Institute of Management. This two-year course is available both full-time and part-time.
■ Operational Research Society of India
The association in Kolkata offers a two-years’ certificate course in Operations Research. You need to have a bachelor’s degree to gain admission. You will study Industrial Engineering & Computer Programming, Cost Accountancy, Introduction to Operational Research, Qualifying Mathematics, Theory of Games and Statistical Decision Theory and Dynamic Programming.
■ IIT Bombay
It offers an integrated doctoral programme (MSc-PhD). The programme is open to students with a Bachelor’s degree in Mathematics or Statistics, and interested in research in engineering/interdisciplinary areas. This is a five-year programme. The first two years of course work is towards an MSc degree, followed by research work of a minimum of three years for the PhD.