The globalization of business and the evolution and development of modern technologies has been made the business decision making too complicated and need analysis of the information with application of mathematical, statistical and operations research tools to make optimum decisions. The business world and management decision making process has been changed in such a fast pace in the modern world that the traditional approaches of decision making is just not enough to address the modern business and management problems. Operation research is the part of ‘management science’ which is the science of managerial decision making with application of scientific tools and techniques. Considering this impetus impact and reliability, application of operational research program has become indispensable part of study in the fields like business, management, industry, engineering and service sector for optimizing the available resources. Its importance is more inevitable due to its potentiality and capability of resolving the problems effectively and scientifically. Research and development is always foreseen as a special ingredient for the sustainable development of a nation.
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