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WAFLEX has been applied extensively, especially in southern Africa and South America, including for: Water allocation: between Eswatini, South Africa and Mozambique on the transboundary Inkomati River, [2] [3] in the Conapu Basin in Trinidad, [4] in the Thuli Basin, Zimbabwe, [5] and to model shortages and water allocation in the middle Heihe River in China.
In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...
The ratio for two agents and two resources improved from 0.828 to 5/6 ≈ 0.833 with a complete-allocation mechanism, and strictly more than 5/6 with a partial-allocation mechanism. The upper bound improved from 0.841 to 5/6+ε for a complete-allocation mechanism, and to 0.8644 for a partial mechanism.
In economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies. [1] Wassily Leontief (1906–1999) is credited with developing this type of analysis and earned the Nobel Prize in Economics for his development of this model.
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.
Dynamic Resource Allocation in Healthcare: A Bayesian OCBA framework has been applied to allocate resources in hospital emergency departments, balancing service quality with operational efficiency. By minimizing expected opportunity costs, this approach supports real-time decision-making in high-stakes environments. [ 22 ]
In order to consider variations in production structures across different economies or regions, national input-output tables are combined to form so-called multi-regional input-output (MRIO) models. In these models, the sum total of resources allocated to final consumption equals the sum total of resources extracted, as recorded in the material ...
Component allocation: while the term product allocation is used to allocate the primary product groups like oil, gas or condensate ingredients (phase fractions) to a contributing well for instance, [14] component allocation breaks down and allocate individual alkane hydrocarbons like methane and ethane, to 3 isomers pentanes in a natural gas ...