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allocation of resources
(redirected from Resource allocation mechanism)

   Also found in: Wikipedia 0.01 sec.

allocation of resources

Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. Mechanisms of resource allocation include the price system in free-market economies and government planning, either in state-run economies or in the public sectors of mixed economies. The aim is always to allocate resources in such a way as to obtain the maximum possible output from a given combination of resources.



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Traffic Engineering concerned with resource allocation mechanisms has been widely studied [8,11-13] and also by us with a proposal for an integrated architecture bringing routing and traffic engineering along with resource management to support end-to-end QoS in the Internet [1].
This additionally motivates the development of intelligent radio resource allocation mechanisms to overcome this waste of resources.
The parallels with markets, and especially commodity markets, as efficient (by economic measures) resource allocation mechanisms in the presence of large numbers of traders and where possibly complex packages of goods are required, are striking.
 
 
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