resource allocation

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resource allocation

see MARKET SYSTEM, ALLOCATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

resource allocation

the allocation of an economy's FACTORS OF PRODUCTION between alternative uses in line with patterns of consumer demand (which in turn reflect a given size and distribution of national income). Resources are optimally allocated when the proportions in which factor inputs are combined to produce GOODS and SERVICES reflect their relative costs so as to minimize costs of production and when the output of goods and services fully reflects the distribution of consumer preferences as between those goods and services. (See PARETO OPTIMALITY.)

More specifically, resources are optimally allocated when in each market the price paid for the good or service fully reflects the lowest economic cost of supplying it. See ALLOCATIVE EFFICIENCY, PRODUCTIVE EFFICIENCY, DISTRIBUTIVE EFFICIENCY, MOBILITY, PRICE SYSTEM, THEORY OF MARKETS, PRODUCTION POSSIBILITY BOUNDARY.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Considering that cellular and D2D links co-exist in the cell, the physical resource allocation problem can be formulated, also as an extension of the formulation in [13]:
In Section 6, we describe the iterative algorithm based on the proposed linear process scheme and Lagrange dual domain method to solve the joint resource allocation problem. In Section 7, simulation results are provided to evaluate the performance of the proposed algorithm.
The second major resource allocation problem for the AAF revolves around authorities.
References [8-10] jointly consider user association and resource allocation problem in HetNets.
[13] Investigated an optimal resource allocation problem in modular software systems during testing phase.
De Novo programming can be considered as an optimal method for solving resource allocation problems. Traditionally, a multiple objective resource allocation problem (Hackman, Platzman 1990) could be formulated to maximize the following multi-objective knapsack problem:
The generic resource allocation problem maybe stated as follows.
The resource allocation problem is significant for CRNs with cooperation among SUs.
Sigmoid function is one of the monotone functions which satisfy the above characteristic [10, 11] and has been widely used to solve the resource allocation problem in wireless networks.
The literature in [24] used the resembled solution in [17] to deal with the energy-efficient resource allocation problem in a multiuser OFDMA system.
This paper focuses on the OFDMA resource allocation problem, specifying on IEEE802.16 networks The Orthogonal Frequency Division Multiple Access (OFDMA) is to divide the available frequency spectrum into several orthogonalcarriers called subcarriers or tones.
[10] deal with distributed resource allocation problem for distributed sensor networks.

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