Coal is set aside to burn as heating fuel.
Coal is set aside to burn for heating fuel
A production decision involves determining how to allocate resources to create goods or services efficiently. An example would be a manufacturing company deciding to invest in new machinery to increase output and reduce labor costs. This decision reflects choices about technology, resource allocation, and production processes to meet demand.
Spideris says it is allocation
Resources are used to produce products. For example, labour is a resource. Allocation of resource means using resources. For example, if a region's labour supply works on farms to grow apples, the labour resource is allocated towards growing apples
Resources can be allocated through various methods, including market-based allocation, where prices determine distribution based on supply and demand. Command allocation involves centralized decision-making by authorities to distribute resources according to specific goals. Additionally, resources can be allocated through participatory approaches, allowing stakeholders to engage in decision-making processes. Lastly, random allocation can be used for equitable distribution, often seen in lotteries or grants.
Coal is set aside to burn for heating fuel
A production decision involves determining how to allocate resources to create goods or services efficiently. An example would be a manufacturing company deciding to invest in new machinery to increase output and reduce labor costs. This decision reflects choices about technology, resource allocation, and production processes to meet demand.
What are the dominate method of resource allocation?Discuss with the help of example?
1) decision implementation 2) responsibility allocation 3) territory allocation 4) roles allocation 5) planning and control 6) forecasting 7) reporting 8) evaluation and control
Spideris says it is allocation
Memory allocation: When a program asks for memory and gets it. Contiguous allocation: When the memory is in one big block, for example memory addresses 1000-2000, as opposed to "fragmented allocation" where the memory comes as several smaller blocks in different places, for example memory addresses 1000-1050, 2050-2125, ...
Resource allocation is the process and decision of allocating money to a specific project or business unit.
PIt usually distorts rational decision making
choosing classes--- Apex
Lobbies and Special Interest Groups …
It usually distorts rational decision making and so results in sub-optimal allocation of resources.
Planning, Programming, Budgeting, and Execution