Resource Allocation Algorithms

Resource Allocation Algorithms are methods used to distribute limited resources, like time, money, or materials, among different users or tasks efficiently. Think of it like dividing a cake among friends to ensure everyone gets a fair share without anyone going hungry. These algorithms determine the best way to allocate resources based on various factors, such as priority, demand, and fairness. They play a crucial role in many fields, including computer systems, project management, and economics, helping to optimize performance and meet the needs of all stakeholders involved.