Resource allocation theories

Resource allocation theories analyze how individuals, organizations, or governments distribute limited resources—such as time, money, or materials—to achieve desired goals. They explore the decision-making processes involved in prioritizing needs, balancing competing demands, and optimizing the use of resources to maximize benefits or efficiency. These theories help explain why certain projects are funded over others or how different entities manage scarce resources under constraints, ensuring that resources are used strategically for the best possible outcomes.