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  2. Resource allocation - Wikipedia

    en.wikipedia.org/wiki/Resource_allocation

    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 ...

  3. Residual feed intake - Wikipedia

    en.wikipedia.org/wiki/Residual_feed_intake

    Residual feed intake (sometimes shortened in literature to RFI) is a resource allocation theory index [clarification needed (what is a "resource allocation theory index"?)] used to calculate the feed efficiency of growing cattle.

  4. Truthful resource allocation - Wikipedia

    en.wikipedia.org/wiki/Truthful_resource_allocation

    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.

  5. Banker's algorithm - Wikipedia

    en.wikipedia.org/wiki/Banker's_algorithm

    Banker's algorithm is a resource allocation and deadlock avoidance algorithm developed by Edsger Dijkstra that tests for safety by simulating the allocation of predetermined maximum possible amounts of all resources, and then makes an "s-state" check to test for possible deadlock conditions for all other pending activities, before deciding whether allocation should be allowed to continue.

  6. Managerial economics - Wikipedia

    en.wikipedia.org/wiki/Managerial_economics

    It is the application of economic theory and methodology in business management practice. Focus on business efficiency. Defined as "combining economic theory with business practice to facilitate management's decision-making and forward-looking planning." Includes the use of an economic mindset to analyze business situations.

  7. Economic planning - Wikipedia

    en.wikipedia.org/wiki/Economic_planning

    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.

  8. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    However, the theory works well in situations meeting these assumptions. Mainstream economics does not assume a priori that markets are preferable to other forms of social organization. In fact, much analysis is devoted to cases where market failures lead to resource allocation that is suboptimal and creates deadweight loss.

  9. A Behavioral Theory of the Firm - Wikipedia

    en.wikipedia.org/wiki/A_Behavioral_Theory_of_the...

    The behavioral model made a great impact on the theory of the firm. It gave insights in the process of goal formation and fixation of aspiration levels and resource allocation. Its critics [who?] claim that the theory is unnecessarily complicated. The virtual assembly of the firm, with the decision-making process as the unit, for the purpose of ...