Future of Opeartions Research

Thomas L. Magnanti, the dean of engineering at MIT and previously the codirector of the institute's Operations Research Center, is optimistic about the field's future. Until recently, most O.R. scholars worked either in business schools, where the field is usually called management science, or in departments of O.R. or industrial engineering. Now, he says, departments like mechanical engineering and electrical engineering are hiring O.R. specialists.

Magnanti calls O.R. "a liberal education in a technological world." Just as a classical education once prepared students for a wide range of endeavors, from theology and science to diplomacy and warfare, he argues, so the habits and tools of O.R. are widely applicable to contemporary problems.

"You can do finance today, manufacturing tomorrow, telecommunications the day after. You can move from field to field and make contributions that have impact on all those fields," says Magnanti. "We do health care. We do criminal justice. You name it, we do it."

Cheapest Business to start

I amlways want to begin some thing of my own. Some times people who are having skills are always being laid back by saying that it is really expensive . i dont deny this. But at the same time you can really make the worth of it with in very short time.

Think about google . When it started it was just a bunch of pages and look at the amazing growth and revenue it brings now. Start small and build it . Atleast in the web there is nothing much to loose . This is the cheapest business u can find in the entire globe.. Let me wuote this from Mark Jen and Ram shriram

For $8, Any one can buy a domain name. For $4 / month, You can host a site with PHP/MySQL. In a few minutes, Any one can put up a blog, bulletin board, picture sharing site, etc. In a few days, I can host up a new application that provides people with revolutionary services. And right after that, you can publish API endpoints that others can hook onto to extend your work. Take a look at Flickr… beautiful. Though Yahoo was reallu clever in buying the same.

Rise my friends be an Entrepreneur.......

Business everything is fair

Laloo Prasad Yadav talks to his son.

Laloo: I want you to marry a girl of my choice
Son : "I want to choose my own bride".
Laloo : "But the girl is Ambani's daughter."
Son : "Well, in that case...... Yes"

Next Laloo approaches Mukesh Ambani

Laloo : "I have a husband for your daughter."
Ambani : "But my daughter is too young to marry."
Laloo : "But this young man is a vice-president of the World Bank."
Ambani : "Ah, in that case.....Yes"

Finally Laloo goes to see the president of the World Bank.
Laloo : "I have a young man to be recommended as a vice-president."
President :"But I already have more vice-presidents than I need."
Laloo : "But this young man is Ambani's son-in-law."
President : "Ah, in that case.......Yes."

This is how business is done

Soft Skills Add Zeroes to your paycheck

Success is 1per cent hard work and 99 per cent public relation. All of us know this but never knew this will strike the technology professionals also. And if you thought this is just one of the tips management gurus give, here are the facts.

Many technology companies actually have the position of a business analyst for someone who is a combination of a technology professional and a business manager. A technically qualified person with a decent management experience and understanding of how to drive technology to attain business goals can become a business analyst in a tech company.

"You can be from any industry but you definitely require a sound and deep knowledge of that industry, network within the industry and also have above average communication skills.

With that, if you are also a top people’s person you automatically become a hot cake for the recruiters! Recruiting you would be big news for the software company. Your appointment will appear even in press the next day and you still can get away saying, ‘Java for me is an island for reclusive holidaying’.”

Why great B Schools hardly mould great entrepreneurs

There is a lot of doughts in my mind. As by reading many articles and speaking to many people. I am always confused about two things. Is B school is the right thing who is having an entrepreneur skills. I read from many places that B schools while teach the complexities behind any problem and help us to think in a logical way than think with more of guts. I some how is forced to the belief that, it is the logical way which included lot of analysis and cross examination prevents people from taking the bold decision

I read an article in international psyhology that too much analysis will not end up in right decison .Some times we should be trained to work based on the instincts rather than digging and crunching the number theory and postulates.Is this the problem happening in B schools, Too much emphaisis on the number. Few months before I thought I was the only guy who think like this way. But I was happy to see that many Harvard MBAS like Aparna Piramal things like me. That's what tempted me to wtite this one.

I certainly assure that a B school educations is really good and teach u a lot more .I know that experience matters and its really hard a combination to find people with Good acads accompanies with good experience because the age we joining a company is not enough to develop both the skills and people cant be shining in one field if he is concentrating in the other one...

The author is Vijay chandran can be reached at vijayvijay@gmail. Vijays page .

Is Hell exothermic or endothermic

Is Hell exothermic or endothermic
The Thermodynamics of Hell..... citing one of Dr. Schlambaugh's final testquestions for his final exam of 1997. Dr. Schlambaugh is known forasking questions on his finals like: "Why do airplanes fly?" In May1997, the "Momentum, Heat, and mass Transfer II" final exam questionwas: "Is Hell exothermic or endothermic? Support your answer withproof." Most of the students wrote proofs of their beliefs usingBoyle's Law or some variant. One student, however wrote thefollowing:First, we postulate that if souls exist, they must have some mass. Ifthey do, then a mole of souls also must have a mass. So, at what rateare souls moving into hell and at what rate are souls leaving? I thinkwe can safely assume that once a soul gets to hell, it does not leave.Therefore, no souls are leaving. As for souls entering Hell, let'slook at the different religions that exist in the world today. Somereligions say that if you are not a member of their religion, youwill go to Hell. Since there are more than one of these religions,and people do not belong to more than one religion, we can projectthat all people and all souls go to Hell. With the birth and deathrates what they are, we can expect the number of souls in hell toincrease exponentially. Now, we look at the rate of change in thevolume of Hell. Boyle's Law states that in order for the temperatureand pressure in hell to stay the same, the ratio of the mass of thesouls and volume needs to stay constant.A1 So, if Hell is expanding at a slower rate than the rate at whichsouls enter hell, then the temperature and pressure in Hell willincrease until all Hell breaks loose.A2 Of course, if Hell is expanding at a rate faster than the increasein souls in Hell, then the temperature and pressure will drop and Hellfreezes over.So which is it? If we accept the postulate given to me by TheresaBanyan during freshman year, that 'It'll be a cold day in Hell beforeI sleep with you,' and taking into account that I still have notsucceeded in having sexual relations with her, then A2 cannot be true;Thus,Hell is exothermic."The student got the only A.