Operations Research Analyst Salary in Indianapolis, Indiana

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Average Salary for Operations Research Analyst in Indianapolis, Indiana

The average salary of a(n) Operations Research Analyst in Indianapolis, Indiana is $73,017.

The average hourly rate of a(n) Operations Research Analyst in Indianapolis, Indiana is $35.10.

The average bonus of a(n) Operations Research Analyst in Indianapolis, Indiana is $2,117.00.

Job Description:

Assesses management and operational problems using engineering and scientific methods like mathematical modeling, statistics, and algorithms to help with decision-making in complex problems which are concerned with coordination and execution of the operations within an organization, in order to improve or optimize the performance of the organization. Gives research support for specific projects and programs. Examines problem in terms of information and conceptualizes and ascertains problem. Positions covered by this definition are characterized by the inclusion of work that requires an understanding of both theories and principles. Excludes paraprofessional positions. Studies information and selects plan from competitive proposals that afford maximum probability of profit or effectiveness in relation to cost or risk. Prepares model of problem in form of one or several equations that relates constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters. Defines data requirements and gathers and validates information applying judgment and statistical tests. Specifies manipulative or computational methods to be applied to model. Performs validation and testing of model to ensure adequacy, or determines need for reformulation. Prepares reports to management defining problem, evaluation, and possible solution. Evaluates implementation and effectiveness of research. Projects may involve collecting and analyzing data to formulate recommendations, policies, or solutions. Projects may involve mathematical or simulation models of problem for solution by computers or other methods. May design, conduct, and evaluate experimental operational models where insufficient data exists to formulate model. May specialize in research and preparation of contract proposals specifying competence of organization to perform research, development, or production work. May develop and apply time and cost networks, such as Program Evaluation and Review Techniques (PERT), to plan and control large projects. May work in association with engineers, scientists, and management personnel in business, government, health, transportation, energy, manufacturing, environmental sciences, or other technologies. Less

Assesses management and operational problems using engineering and scientific methods like mathematical modeling, statistics, and algorithms to help with decision-making in complex problems which are concerned with coordination and execution of the operations within an organization, in order to improve... More

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