haku: @indexterm Resource allocation / yhteensä: 426
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| Tekijä: | Pollack, H. Zeckhauser, R. |
| Otsikko: | Budgets as dynamic gatekeepers |
| Lehti: | Management Science
1996 : MAY, VOL. 42:5, p. 642-658 |
| Asiasana: | MANAGEMENT RESOURCE ALLOCATION BUDGETING |
| Kieli: | eng |
| Tiivistelmä: | Most large organizations allocate resources by means of fixed budgets: each subunit is normally entitled to spend a defined amount over a fixed period, usually one year. Fixed budgets create clear incentives for subunits to control costs. Yet sy=uch arrangements create major incentives for dynamic inefficiency, for example by encouraging subunits to exhaust their budgets toward the end of the fiscal year. This paper develops a dynamic optimization model to examine the incentives fostered by budget systems. |
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