The main objective of this whole research is to find out about the ways in which Operations Research could be used in valuing players which in this case are the IPL players. We found out that it is not compulsory that the method used in valuing the players should be numeric. It could be the case that a theory has been used and the players are valued according to that theory. The methods used in order to value the players are the performance-based index, hedonic pricing, ordinary least squares regression technique, and AHP-ANN model. In a performance-based index, the performance of a cricketer is quantified into one single index and present values of the cricketers are determined using the binomial option pricing model. In hedonic pricing, the price of a player is calculated based on internal and external factors. Some of them are Experience, Batting, and Spectator Appeal etc. In ordinary least squares regression technique, the value of a player is calculated by measuring the values of the variables which include experience, performance etc. In AHP-ANN model, AHP is used to measure the weights of the attributes which are responsible for player price measurement and then ANN is used to forecast the player price with the weights calculated by AHP.