Formula one is one of the world's
most high-paced sports in which a fraction of
seconds can cost a win. From the method of
calculating the time spent on a pitstop, when the
car should come for the pitstop, fuel
consumption, race strategy, aerodynamics,
mechanics, engine power is all influenced by
operation research. The paper aims at different
techniques such as optimization and simulation,
further discussing the different types of methods
used. It provides brief information about the
outcomes, drawbacks, and recommendations
given for the efficient use of these techniques in
the F1 racing world. It also addresses
improvements that can be done by logistics, the
necessary factors which need to be considered in
the simulation model, and so on. The main
objective is to study these techniques and
provide an overview and limitations of each
method, emphasizing the need for additional
research to find solutions.