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Optimum allocation is when productive and allocative efficiency co-exist.
Productive efficiency is achieved when when products are made with the least possible use of the resources, i.e, by incurring lowest possible costs in producing them
Allocative efficiency is achieved when the combination of products produced provide consumers the greatest possible satisfaction, i.e, goods which are most wanted are produced
When both these elements are present, there is also economics efficiency. This means that resources are used in the best way possible, i.e, producing the goods which are most wanted with the least possible use of resources
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What is difference between resource allocation graph and resource allocation graph algorithm?
The graph is the the actual picture that shows the resource allocation; the algorithm is the method used to produce that graph.
Can resource allocation graph have cycles without a deadlock?
yes resource allocation graph have cycles without a deadlock existing.
Examples of resource allocation in the environment?
Energy
What is allocation of resources?
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
DoD's primary resource allocation process that is calendar-driven?
PPBE
Which of the nine resource allocation strategies is best?
Which of the nine resource allocation strategies is best in your opinion*
What are resource allocation name graphs?
What are the dominate method of resource allocation?Discuss with the help of example?
What is difference between resource allocation graph and resource allocation graph algorithm?
The graph is the the actual picture that shows the resource allocation; the algorithm is the method used to produce that graph.
Difference between resource allocation and resource utilization?
Resource allocation refers to setting aside resources. Resource utilization refers to how resources are used.
Can resource allocation graph have cycles without a deadlock?
yes resource allocation graph have cycles without a deadlock existing.
Examples of resource allocation in the environment?
Energy
What does resource allocation mean?
'Resource Allocation' is a management terminology phrase for the scheduling of activities and resources needed to complete them whilst taking into consideration both the time needed to complete and effort it will take.
What is the theory of optimum allocation of resources?
This Theory has been discussed in Public Finance under Dalton's principle of 'Maximum Social Advantage'. Optimum allocation of resources is that point where maximum marginal sacrifice of people is equal to maximum marginal benefits.
One key responsibility of Multiagency Coordination Systems is to?
Make resource allocation decisions based on incident priorites
What do you mean by Resource allocation in strategic management?
RESOURCE ALLOCATION IN STRATEGIC MANAGEMENT REQUIRES KNOWLEDGEABLE HRM THAT PLACES THE RIGHT HUMAN RESOURCE COMPATIBLE AND CAPABLE OF PERFORMING A SPECIFIC TASK OR FUNCTION EFFECTIVELY TO MEET ORGANIZATIONAL GOALS.
What is allocation of resources?
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
Is DOD primary resource allocation process calendar-driven?
PPBE
