In general, economics and operational research are different as follows:
1. Different subjects. Economics belongs to social science, and operational research belongs to Engineering Science (Management Science ).
2. Different concerns. Economics focuses on theories, and operational research focuses on tools and practicality.
3. Different objects. Economics attaches great importance to interpreting phenomena, and operational research places great importance on solving problems.
4. Different application scopes. Economics has a wide range of theoretical applications, and operational research is mainly used inEnterprise Scope.
For example, economics focuses onEconomic Connotation. For example, why is there a market, why is there an enterprise, what the price is, what the value is, what the competition is, and what the system is. There are endless economic phenomena in the world, such as price control, import and export quotas, cinema pricing, and agricultural product pricing.
When operational research faces a problem, it depends on how to solve it and make itMost efficient. For example, linear programming, queuing theory, and various optimization algorithms are the most effective methods to solve the problem. How to arrange the best railway operation, how to arrange the production plan, and how to design the queuing system to meet customer needs are all application scenarios.
As for the contact, as mentioned in the fourth point. Because production management and operation of enterprises are economic activities, there is a certain correlation with economics. Some aspects may be applied to the economics theory, such as the discriminatory pricing of air tickets, knowledge of price discrimination in economics and methods for maximizing profits in operations research. But in general, operational research and economics are very different fields.
In general, economics and operations research are different as follows: