One such key study is Kasra Christopher Ghaharian’s A Mathematical Approach for Optimizing the Casino Slot Floor: A Linear Programming Application (2010) which applied programming problem-solving to the optimization of slot machine usage in land-based casinos. These have proven to be influential in this field, and it is our firm belief that further research into this area could prove beneficial for the industry at large. To date, there have been a few operational research studies on the topics of gaming, sports betting and casinos. The club’s first quarterly publication became available in 1950. At that time, it was proposed under the name operational research club and was inaugurated in April of 1948. While its beginnings can be traced back to 1938, it was not until 1947 that the society proper was established. Similar sections would follow in the USA and Europe. The Operational Research Society was born out of the conflict of the Second World War, when the British Armed Forces founded several branches of operational research sections to aid in the war effort. What is the Operational Research Society? This makes operational research an invaluable tool in management systems and can be put to particular good use in casino operations management. It uses statistical analysis, mathematical optimization and mathematical modelling to find solutions to complex decision-making processes. Simply put, Operational Research is a subset of mathematical sciences, which applies a series of analytical methods to aid in decision making. To understand how Operational Research can benefit the casino industry, one must first have a grounding in what OR entails. This is an area that has great potential but has hitherto not been covered in great detail. If you’re unfamiliar with either topic, this page will provide some background on both, before going on to outline the benefits of OR in the casino operations industry.
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