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Resource allocation refers to allocation of resources for various uses in business processes. Resource allocation model is not about just assigning resources for various activities but it also means how and when the resources should be used to get maximum output. Resource can be time, raw materials, manpower, capital, land etc. In any situation, there is one or more resource that is scarce.

study.com/academy/lesson/resource-allocation-in-management...

Resource allocation is a process in which a company decides where it wants to place its scarce resources. The overall strategy is to produce the goods and services that match customer preferences ...

education.stateuniversity.com/pages/2368/Resource...

Budgetary Concepts and Terms. For the layperson, the terms budget and allocation are often confused. Although the two terms are certainly related, and often synonymous, there are differences that one should be aware of in order to gain an appreciation of the resource allocation process.

bmchealthservres.biomedcentral.com/articles/10.1186/s12913...

This is the fourth in a series of papers exploring a program of Sustainability in Health care by Allocating Resources Effectively (SHARE). The SHARE Program is an investigation of concepts, opportunities, methods and implications for evidence-based investment and disinvestment in health technologies and clinical practices in a local healthcare setting.

www.encyclopedia.com/.../resource-allocation

Budgetary Concepts and Terms. For the layperson, the terms budget and allocation are often confused. Although the two terms are certainly related, and often synonymous, there are differences that one should be aware of in order to gain an appreciation of the resource allocation process.

www.businessdictionary.com/definition/allocation-of-resources.html

This analysis takes into consideration the accounting cost, economic cost, opportunity cost, and other costs of resources and goods and services. Allocation of resources is a central theme in economics (which is essentially a study of how resources are allocated) and is associated with economic efficiency and maximization of utility.

en.wikipedia.org/wiki/Resource_allocation

In strategic planning, resource allocation 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 scarce resources among the various projects or business units.

www.encyclopedia.com/.../equity-and-resource-allocation

EQUITY AND RESOURCE ALLOCATION The work of the philosopher, John Rawls (b. 1921) on the theory of justice has provided the fundamental underpinnings for the concepts of equity and resource allocation for health. According to his moral viewpoint, inequalities of birth, natural endowment, and historical circumstances are undeserved. Rawls argues that all vital economic goods and services should ...

www.youtube.com/watch?v=VEeNV-Tl_xU

Understand how to manage resources Optimize allocation of resources Execute financial planning At Seekhley, we believe that students learn the best when they experience the concepts they study in ...

project-management.com/importance-of-resource-allocation...

If you do resource allocation efficiently then it means your half project is already completed as resource allocation is the most important yet difficult part of project management. Being a project manager, you should know its importance so that you may not do any mistake while allocating the resources.