Monday, January 18, 2010

Operations research in Aged Care

Operations Research (OR) basically means using science (mathematical modeling, statistics, optimisation algorithms etc) to make better business decisions - and it's got serious application in Aged Care.

More science, less gut

Lots of small day-to-day decisions being made on gut instinct? Too many decision factors? Important information is not being factored in? Need to reduce cost? OR might just be the answer you're looking for.

Cost reduction, forecasting, scheduling, planning, routing, pricing, recovery, throughput - these are all areas where OR can make businesses work better.

You be the judge
    According to Joe Forbes and Ash Nelson - co-founders of OR specialist Barri - business efficiency is the outcome of well-applied operational research.

    Read the full article, and Joe Forbes's intriguing look at Operational Research in January's IT:informer.

    No comments:

    Post a Comment