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Job Description
Formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.
Job Details
- The SOC (Standard Occupational Classification) code is 15-2031.00
- The Mean Annual Wage in the U.S. is $ 84,340.00
- The Mean Hourly Wage is $ 40.00
- Currently, there are 109,150 people on this job
☝️ Information based on the reference occupation “Operations Research Analysts”.
Also Known As…
- Operations Research Analysts
- Scientist
- Operations Research Manager
- Operations Research Group Manager
- Operations Research Analyst
- Decision Analyst
- Business Insight and Analytics Manager
- Business Analytics Director
- Analytical Strategist
- Technical Analyst
- Systems Consultant
- Systems Analyst
- Supply Chain Analyst
- Standards Analyst
- SOC Analyst
- Security Operations Analyst
- Sales Operations Analyst
- Risk Analyst
- Professor
- Process Analyst
- Procedure Writer
- Procedure Analyst
- Policy Officer
- Policy Advisor
- Operations Specialist
- Operations Analyst
- Office System Analyst
- Methods Specialist
- Methods Analyst
- Method Consultant
- Material Requirements Worker
- Material Liaison
- Liaison Planner
- Forms Analyst
- File System Installer
- Decision Support Analyst
- Business Process Analyst
- Business Operations Analyst
- Business Analyst
- Analytics Consultant
- Analyst
Tasks for “Business Analytics Director”
- Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
- Observe the current system in operation and gather and analyze information about each of the parts of component problems, using a variety of sources.
- Prepare management reports defining and evaluating problems and recommending solutions.
- Develop business methods and procedures, including accounting systems, file systems, office systems, logistics systems, and production schedules.
- Define data requirements and gather and validate information, applying judgment and statistical tests.
- Specify manipulative or computational methods to be applied to models.
- Develop and apply time and cost networks to plan, control, and review large projects.
- Collaborate with senior managers and decision makers to identify and solve a variety of problems and to clarify management objectives.
- Analyze information obtained from management to conceptualize and define operational problems.
- Break systems into their components, assign numerical values to each component, and examine the mathematical relationships between them.
- Collaborate with others in the organization to ensure successful implementation of chosen problem solutions.
- Design, conduct, and evaluate experimental operational models in cases where models cannot be developed from existing data.
- Perform validation and testing of models to ensure adequacy and reformulate models as necessary.
- Study and analyze information about alternative courses of action to determine which plan will offer the best outcomes.
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