Bachelor of Commerce in Operations Research is the application of scientific and especially mathematical methods to the study and analysis of problems involving complex systems.
Admission Requirement
Mathematics level 4
English level 4
DURATION: 3 years
You can apply for BCom statistics in your first year and then be considered for BCom Operations research after year one. Please note that we do not have an intake for our programme Operations Research.
Statistics is the branch of mathematics that deals with the collection, organization, analysis, and interpretation of numerical data. In general, the discipline is concerned with:
the collection of information
summarising information for ease of understanding
drawing conclusions from the data, and
estimating the present or predicting/forecasting the future
Operations research, on the one hand, is the discipline that is concerned with the application of analytical methods to help decision-makers with the optimal allocation of scarce resources.
It is concerned with using different models in maximizing profit using minimal resources.
Operational research may also be defined as the use of advanced analytical techniques to improve decision-making.
Operations research analysts are involved in all aspects of an organization.
They help to allocate resources, develop production schedules, manage the supply chain, and set prices.
Possible Career Opportunities
People with skills in OR hold jobs in decision support, business analytics, marketing analysis, and logistics planning.
Many large firms have groups of OR analysts.
These are located in the steel, mining, oil, gas, chemicals, paper, and engineering industries, airlines, logistics, railways, banking, and insurance.
Within the public sector, OR analysts are also employed in health, education, and electricity supply.
What are operations research and its scope?
Operations research is the application of the methods of science to complex problems in the direction and management of large systems of men, machines, materials, and money in industry business, government, and defense.
The purpose is to help management in determining its policy and actions scientifically.
Operations Research Analyst Average Salary in South
A person working as an Operations Research Analyst in South Africa typically earns around 24,700 ZAR per month.
Salaries range from 12,100 ZAR (lowest) to 38,500 ZAR (highest).