Speakers stress on better data analysis, decision-making
SRINAGAR: A 3-day International Conference on Operations Research for Data Analytics and Decision Analysis in conjunction with 46th annual convention of Operational Research Society of India (ORSI) started here at University of Kashmir on Monday.
The Conference has been organized by Department of Statistics University of Kashmir in collaboration with Operational Research Society of India (ORSI) to promote and propagate the application of operational research in various sphere of life.
Addressing the delegates of the 3-day conference at University`s convocation complex during the inaugural session today Vice Chancellor University of Kashmir Prof Talat Ahmad said that conferences of such nature provide rich experience to the participants and help them in understanding and realizing the importance of operations research for data analytics and decision analysis in research and other academic pursuits.
Prof Talat said, It is encouraging to see that besides delegates and researchers from various parts of the country and the world, students from various colleges are also attending the conference in large numbers and I am sure that the deliberations during the conference would surely help them to enhance their knowledge and realize the significance of operations research in various academic and non-academic projects and planning.
Terming the conference as a very relevant and promising one Prof Talat added that due to the frequent changes happening around the world every now and then it is imperative for the academics to remain in touch with the latest developments in their respective areas of specialization so that research on pressing issues is done and thought-provoking recommendations are forwarded to the policy makers for bettering policy planning and decision-making.
Stressing on the usefulness of statistical and mathematical tools in research Prof Talat Ahmad said, The International Conference should bring out innovative ways of learning operational research so that students choose statistics and mathematics as their subjects out of their own sweet will rather than being scared of these.
Tracing the history of the Operational Research and its evolution, Vice Chancellor Islamic University of Science and Technology (IUST), Prof AR Trag who was Chief Guest on the occasion said, Operational Research analysis became popular at the time of World War-II when UK and USA got involved in inter-disciplinary research to ensure optimal use of limited and scarce military resources to get better and effective results on ground.
He said, In modern times, impact of operational research is everywhere. Operational research is used as a tool for managerial decision and almost every corporate house depends on it including the financial institutions, hospitals and universities to get cost-effective results.
Prof Trag while maintaining that the basic challenge for Asian and African countries today is to alleviate the poverty of their people and address the growing problem of shortage of foodgrains, proper hygiene and health care and availability of water said that such issues and problems could be addressed by using the tools of operational research and putting modern-day techniques of data analytics and decision-analysis into practice.
Prof PR Reddy, President ORSI who was guest of honor on the occasion while presenting a brief overview about the history and role of ORSI in the dissemination of knowledge and information about the importance of operations research in various aspects of life said that operations research has developed into a multi-disciplinary research now and has paved way for great innovations and ideas.
Speaking on the occasion Prof SP Mukherjee former Vice President International Federation of Operations Research Societies said that economic development is the bed-rock of any inclusive development and constraint optimization needs to be negotiated at all levels to ensure maximization of profits and minimization of losses by utilizing cost-effective tools which consume less energy and puts less burden of the available natural resources.
Registrar, University of Kashmir Prof Zaffar A. Reishi while presenting vote of thanks on the occasion said that research in frontier areas should be the priority of any research institution and added that such conferences provide food-for-thought to the policy planners and decision makers to arrive at better conclusions while drafting or devising new policy plans for the development of the nation.
Earlier presenting the welcome address Head Department of Statistics KU and General Chair ICORDADA-13 Prof Aquil Ahmad said that the purpose of the International Workshop & Conference is to bring together researchers and practitioners interested in the advances and applications in the field of operations research for data analytics and decision analysis.
Besides Dean Academic Affairs KU Prof AM Shah and DCDC KU Prof Ghulam Mustafa, Deans of various faculties, Heads of various teaching departments, students, scholars and faculty members from department of statistics and other departments of KU were also present on the occasion.
On the occasion a souvenir of the ICORDADA-13 was also released
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