The Importance Of Operations Research

814 Words 4 Pages
Operations research is a field of study that utilizes sophisticated and forward-thinking analytic systems to drive better decision making by managers. The focus is on improving outcomes, performance and effective decision making. A byproduct of this work is increased efficiency. Processes are broken down into many layers within the system; analyzing behaviors to have an authentic sense of where opportunities for improvements may lie. Managers develop strategies and commit to financial resources based on the information obtained. (Langabeer & Helton, 2016).
One such process is Forecasting or “a collaborative process that estimates the volume of patients who will be served over a specific time period” (Langabeer & Helton, 2016, p. 107).
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117). Managers must analyze data collected and determine whether there is an issue of shortage, or of excess, and create a strategy to mitigate what is most often, a disruption in patient care. Circumstances identified ahead of time allow a manager to make adjustments necessary such as increasing labor, ordering new equipment or opening beds on another unit. Pharmaceutical leaders deal with nationwide medication shortages on a regular basis requiring changes in processes like how medications are dispensed and prioritized. (PHRMA, …show more content…
Best practices are those techniques and routines that utilizes substantiated processes in health care. (Perleth, M., 2001). Identifying best practice within the organization (internal benchmarking) or on data obtained from a peer organization (external benchmarking) can be beneficial when looking to improve outcomes, performance and increasing efficiency. (Amerinet, n.d.) It is advantageous to identify a method that may already be providing desired outcomes in a similar work environment. It can be cost effective from a financial aspect or from a time aspect to find a practice that already exists and works

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