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Budget-proposal aggregation (BPA) is a problem in social choice theory. [1] [2] [3] A group has to decide on how to distribute its budget among several issues. Each group-member has a different idea about what the ideal budget-distribution should be. The problem is how to aggregate the different opinions into a single budget-distribution program.
The formula applies to a large proportion, but not the whole, of the devolved governments' budgets − in 2013–14 it applied to about 85% of the Scottish Parliament's total budget. [1] The formula is named after Joel Barnett, who devised it in 1978 [2] while Chief Secretary to the Treasury, as a short-term solution to resolve minor Cabinet ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
An energy budget is a balance sheet of energy income against expenditure. It is studied in the field of Energetics which deals with the study of energy transfer and transformation from one form to another. Calorie is the basic unit of measurement.
If two X's exchange for a single Y, then Octavio's and Abby's transaction will take them to some point along the solid grey line, which is known as a budget line. (To be more precise, a budget line may be defined as a straight line through the endowment point representing allocations obtainable by exchange at a certain price.)
A participatory budgeting algorithm is sometimes used in order to calculate the budget allocation from the votes. This algorithm takes as input a list of projects, the available budget, and the voters' preferences, and returns an allocation of the budget among the projects satisfying some pre-defined requirements.
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