This paper is published in Volume-7, Issue-5, 2021
Area
Operations Research
Author
Arpit Kurl, OM Pokar, Pranav Sund, Vinay Phogat, Tanmay Tulsyan
Org/Univ
SVKM's Narsee Monjee Institute of Management Studies, Bengaluru, Karnataka, India
Pub. Date
21 September, 2021
Paper ID
V7I5-1245
Publisher
Keywords
Operations Research Project, HR, HRM, NMIMS Project in OR

Citationsacebook

IEEE
Arpit Kurl, OM Pokar, Pranav Sund, Vinay Phogat, Tanmay Tulsyan. Application of Operations Research in Human Resource Management, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Arpit Kurl, OM Pokar, Pranav Sund, Vinay Phogat, Tanmay Tulsyan (2021). Application of Operations Research in Human Resource Management. International Journal of Advance Research, Ideas and Innovations in Technology, 7(5) www.IJARIIT.com.

MLA
Arpit Kurl, OM Pokar, Pranav Sund, Vinay Phogat, Tanmay Tulsyan. "Application of Operations Research in Human Resource Management." International Journal of Advance Research, Ideas and Innovations in Technology 7.5 (2021). www.IJARIIT.com.

Abstract

We wanted to see how operational research may be used in the subject of Human ResourceManagement in this study work. It has long been a known fact that when work is done without the use of any scientific equipment, humans are prone to make mistakes. After conducting extensive research in the field of human resource management, we discovered that training, selection, recruiting, and other activities in many businesses are based on bias and partial perspectives. We also discovered that the average capital invested in training and development programs is significantly more than it should be. This prompted us to link the concept of organizational research to Human Resource Management, namely, maximizing happiness at the lowest possible cost. With this goal in mind, we set out to study previous articles to learn more about how firms are already employing OperationsResearch techniques. Operations research (OR) is a problem-solving and decision makinganalytical method that is effective in the management of businesses. Problems are broken down into simple components in operations research, and then the mathematical analysis is used to answer them in predetermined steps. The future of decision-making is OperationsResearch. In this context, operational research serves a critical role in enhancing management productivity and ensuring that scarce resources are managed more effectively. The existing state of the art in India is compared to its potential in terms of economic incentives and disincentives, social, cultural, and political considerations, computer availability and usage, OR staff availability, and current management approaches.