Karsu, Özlem and Morton, Alec (2013) Incorporating balance concerns in resource allocation decisions: a bi-criteria modelling approach. Omega, 44. pp. 70-82. ISSN 0305-0483
Full text not available from this repository.Abstract
We consider resource allocation problems where inputs are allocated to different entities such as activities, projects or departments. In such problems a common goal is achieving a desired balance in the allocation over different categories of the entities. We propose a bi-criteria framework for trading balance off against efficiency. We define and categorise indicators based on balance distribution and propose formulations and solution algorithms which provide insight into the balance-efficiency tradeoff. We illustrate our models by applying them to the data of a portfolio selection problem faced by a science funding agency and to randomly generated large-sized problem instances to demonstrate computational feasibility.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.journals.elsevier.com/omega/ |
| Additional Information: | © 2013 Elsevier |
| Divisions: | Management |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Date Deposited: | 12 Dec 2013 15:52 |
| Last Modified: | 12 Dec 2024 00:28 |
| URI: | http://eprints.lse.ac.uk/id/eprint/54891 |
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