In this paper, we have discussed the use of
Operations Research in the steel industry and how they
are used to tackle the production process problems, cost
minimization problems, and transportation problems.
Operations research has been used for decades to optimize
business models and processes. The estimated demand for
steel has risen by 7.2% in the year 2020 and experts see
incessant growth for the Indian economy. Domestic
manufacturers will intensively require to optimize their
production process to keep up with the demand. Based on
mathematical and statistical calculations, the paper aims
to optimize the logical and systematic processes and
approaches in one of the fastest-growing industries in
Operations Research, Steel Industry, Simplex Method, Transportation by VAM, Optimizing, Queuing Theory, Just-in-Time Management.