Operations Research

Operations research, or operational research in British usage, is a discipline that deals with the application of advanced analytical methods to help make better decisions. Further, the term 'operational analysis' is used in the British (and some British Commonwealth) military as an intrinsic part of capability development, management and assurance. In particular, operational analysis forms part of the Combined Operational Effectiveness and Investment Appraisals (COEIA), which support British defense capability acquisition decision-making.

It is often considered to be a sub-field of applied mathematics. The terms management science and decision science are sometimes used as synonyms.

Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. Because of its emphasis on human-technology interaction and because of its focus on practical applications, operations research has overlap with other disciplines, notably industrial engineering and operations management, and draws on psychology and organization science. Operations research is often concerned with determining the maximum (of profit, performance, or yield) or minimum (of loss, risk, or cost) of some real-world objective. Originating in military efforts before World War II, its techniques have grown to concern problems in a variety of industries.

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Scholarships for Operations Research Majors

Bullet name award deadline Link
 

NSF SBIR Innovative Postdoctoral Entrepreneurial Fellowship (NSF I-PERF)

American Society for Engineering Education

Up to $78,000 Varies See Details
 

NSF SBIR Innovative Postdoctoral Entrepreneurial Fellowship (NSF I-PERF)

American Society for Engineering Education

award

Up to $78,000

deadline

Varies
See Details
 

HBCU Battle of the Brains

HBCU Battle of the Brains, LLC.

Up to $25,000 February 04, 2022 See Details
 

HBCU Battle of the Brains

HBCU Battle of the Brains, LLC.

award

Up to $25,000

deadline

February 04, 2022
See Details
 

Air Force ROTC Express Scholarship

University of Iowa

$15,000 Varies See Details
 

Air Force ROTC Express Scholarship

University of Iowa

award

$15,000

deadline

Varies
See Details
 

Phillips Engineering Scholarship

Cherokee Nation

$15,000 January 31, 2022 See Details
 

Phillips Engineering Scholarship

Cherokee Nation

award

$15,000

deadline

January 31, 2022
See Details
 

FIRST Scholarship - Bay Atlantic University

FIRST

$13,500 August 15, 2022 See Details
 

FIRST Scholarship - Bay Atlantic University

FIRST

award

$13,500

deadline

August 15, 2022
See Details
 

AIAA Lockheed Martin Marillyn Hewson Scholarship

American Institute of Aeronautics and Astronautics

$10,000 January 31, 2022 See Details
 

AIAA Lockheed Martin Marillyn Hewson Scholarship

American Institute of Aeronautics and Astronautics

award

$10,000

deadline

January 31, 2022
See Details
 

FOSSI Scholarship

HBCU Week Foundation, Inc.

$10,000 February 15, 2022 See Details
 

FOSSI Scholarship

HBCU Week Foundation, Inc.

award

$10,000

deadline

February 15, 2022
See Details
 

Barry M. Goldwater Scholarship

Barry M. Goldwater Scholarship and Excellence In Education Foundation

Up to $7,500 January 28, 2022 See Details
 

Barry M. Goldwater Scholarship

Barry M. Goldwater Scholarship and Excellence In Education Foundation

award

Up to $7,500

deadline

January 28, 2022
See Details
 

Engineering Program Scholarship - Elon University

Elon University

$7,000 Varies See Details
 

Engineering Program Scholarship - Elon University

Elon University

award

$7,000

deadline

Varies
See Details
 

Barry Goldwater Scholarship

Idaho State University

Up to $7,000 Varies See Details
 

Barry Goldwater Scholarship

Idaho State University

award

Up to $7,000

deadline

Varies
See Details