Nanda
It's not essential to run any of the ODS scripts. It depends on your business requirements.
1. the scripts are to be installed ont he NW server
2. they are not automatically scheduled
3. the installation just installs the raw scripts - you need to decide which scripts are needed and schedule them
4. this is up to you, and the business. It makes sense to run these when production activity is reduced, but their frequency will depend on business requirements and data volumes.