The process of allocating the resources of the organisation selectively between competing strategies according to their merit.
Scarcity affects the exchange of all kinds of goods, including medically relevant items or services such as blood, organs, medicines, and costly and labor-intensive surgical procedures. Decisions about which patients or condition ought to receive such benefits remain notoriously difficult, despite their being an almost daily occurrence in some locales. Differences of principle about how to distribute scarce medical resources complicate matters further: should the most pressing cases be given priority, or those with the greatest chance of success? Should calculations of "expected benefit" include such things as the patients' respective capacities to contribute to society? Should scarce resources be denied to those who contracted their conditions through voluntary exposure to known risk factors? See also: quality-of-life [See Case Studies related to Resource Allocation
The overall pattern of consumption and production of goods and services—which firms produce which goods, and with which inputs; how much of each good is produced; and how do consumers divide their scarce resources among the many products.
The process and decision of allocating money to a specific project or business unit.
Involving strategic decision-making about how best to allocate limited organisational resources to achieve organisational objectives.
In strategic planning, a resource-allocation decision is a plan for using available resources, for example 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 computing, resource allocation is necessary for any application to be run on the system. When the user opens any program this will be counted as a process, and therefore requires the computer to allocate certain resources for it to be able to run. Such resources could be access to a section of the computer's memory, data in a device interface buffer, one or more files, or the required amount of processing power.