Changes

==Origin==

==Origin==

Medieval Latin ''allocatus'', past participle of ''allocare'', from [[Latin]] ''ad''- + ''locare'' to place, from locus place

Medieval Latin ''allocatus'', past participle of ''allocare'', from [[Latin]] ''ad''- + ''locare'' to place, from locus place

*[http://en.wikipedia.org/wiki/17th_century 1641]

*[https://en.wikipedia.org/wiki/17th_century 1641]

==Definitions==

==Definitions==

*1: to apportion for a specific [[purpose]] or to particular [[persons]] or [[things]] : [[distribute]] <allocate tasks among [[human]] and [[automated]] components>

*1: to apportion for a specific [[purpose]] or to particular [[persons]] or [[things]] : [[distribute]] <allocate tasks among [[human]] and [[automated]] components>

*2: to set apart or earmark : designate <allocate a section of the building for special [[research]] [[purposes]]>  

*2: to set apart or earmark : designate <allocate a section of the building for special [[research]] [[purposes]]>  

==Description==

==Description==

[[Resource]] '''allocation''' is used to assign the available resources in an [[economic]] way. It is part of [http://en.wikipedia.org/wiki/Resource_management resource management]. In [http://en.wikipedia.org/wiki/Project_management project management], resource allocation is the scheduling of activities and the [[resources]] required by those [[activities]] while taking into [[consideration]] both the resource availability and the project [[time]].

[[Resource]] '''allocation''' is used to assign the available resources in an [[economic]] way. It is part of [https://en.wikipedia.org/wiki/Resource_management resource management]. In [https://en.wikipedia.org/wiki/Project_management project management], resource allocation is the scheduling of activities and the [[resources]] required by those [[activities]] while taking into [[consideration]] both the resource availability and the project [[time]].

In [http://en.wikipedia.org/wiki/Strategic_planning strategic planning], resource allocation is a plan for using available [[resources]], for example [http://en.wikipedia.org/wiki/Human_resources human resources], especially in the near term, to [[achieve]] [[goals]] for the [[future]]. It is the process of allocating resources among the various projects or [[business]] units.

In [https://en.wikipedia.org/wiki/Strategic_planning strategic planning], resource allocation is a plan for using available [[resources]], for example [https://en.wikipedia.org/wiki/Human_resources human resources], especially in the near term, to [[achieve]] [[goals]] for the [[future]]. It is the process of allocating resources among the various projects or [[business]] units.

The plan has two parts: Firstly, there is the basic allocation [[decision]] and secondly there are [[contingency]] [[mechanisms]]. The basic allocation decision is the [[choice]] of which items to [http://en.wikipedia.org/wiki/Funding fund] in the plan, and what level of funding it should [[receive]], and which to leave unfunded: the [[resources]] are allocated to some items, not to others.

The plan has two parts: Firstly, there is the basic allocation [[decision]] and secondly there are [[contingency]] [[mechanisms]]. The basic allocation decision is the [[choice]] of which items to [https://en.wikipedia.org/wiki/Funding fund] in the plan, and what level of funding it should [[receive]], and which to leave unfunded: the [[resources]] are allocated to some items, not to others.

There are two [[contingency]] mechanisms. There is a [[priority]] ranking of items excluded from the [[plan]], showing which items to fund if more [[resources]] should become available; and there is a priority ranking of some items included in the plan, showing which items should be [[sacrificed]] if total funding must be reduced.[http://en.wikipedia.org/wiki/Allocation_of_resources]

There are two [[contingency]] mechanisms. There is a [[priority]] ranking of items excluded from the [[plan]], showing which items to fund if more [[resources]] should become available; and there is a priority ranking of some items included in the plan, showing which items should be [[sacrificed]] if total funding must be reduced.[https://en.wikipedia.org/wiki/Allocation_of_resources]

[[Category: Economics]]

[[Category: Economics]]