Chapter14slides - Resource Allocation and Negotiation...

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Resource Allocation and Negotiation Problems 1
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Resource allocation models 2
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Variables are areas to which resources might be directed –e.g. products, projects, regions or departments A package is a combination of strategies –containing one strategy for each variable 3
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Stages in building a resource allocation model 1. Identify variables, resources to be directed and objectives 2. Identify possible strategies available for each variable 3. For each variable assess costs and benefits of each strategy (continued. .. 4
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Stages in building a resource allocation model (contd) 4. Assess within-criterion weights so that each benefit can be measured on a common scale 5. Assess across-criteria weights to compare ‘importance’ of different benefits 6. Propose a package that appears to achieve objectives (continued. .. 5
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Stages in building a resource allocation model (contd) 7. Use a computer to identify costs and benefits of all packages and the efficient frontier 8. Use the computer to find if there are more efficient packages than the proposed package 9. Perform sensitivity analysis 6
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This note was uploaded on 12/08/2011 for the course ENGINEERIN BURD taught by Professor Benni during the Fall '09 term at Uni. Reykjavik.

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Chapter14slides - Resource Allocation and Negotiation...

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