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Joseph L. Bower and Clark G. Gilbert have collected together some of the leading experts on strategy to examine how strategy is actually made by company managers across the several levels of an organization. Is strategy a coherent plan conceived at the top by a visionary leader, or is it formed by a series of smaller decisions, not always reflecting what top management has in mind? Often it is by examining how options for using resources are developed and selected, that we can see how a company's competitive position gets shaped. On the bases of this understanding, we can see better how these processes can be managed. The book's five sections examine how the resource allocation process works, how the way it works can lead a company into serious problems, how top management can intervene to fix these problems and where the most recent thinking on these problems is headed. A fifth section contains assessments of this work by through leaders I the fields of economics, competitive strategy, organizational behavior, and strategic management. The implications for those who study firms are considerable. Activity that is normally thought about in terms of substantive outcomes such as market share and revenue growth, or present value and internal rate of return, is seen to be inextricably related to organizational and administrative questions. The finding presented here should inform the research of economists, strategists and behavioral scientists. Thoughtful executives and those who consult with them will also find the book provocative. The processes described are complex, but clear enough so that the way toward effective management is apparent. The models developed provide a basis for building the systems and organization necessary for today's competitive world.

Is strategy a coherent plan conceived at the top by a visionary leader, or is it formed by a series of individual commitments, not always reflecting what top management has in mind? If it is a series of commitments, how can they be managed? To answer these questions, Joseph L. Bower and Clark G. Gilbert present research that examines how strategy is actually made by company managers across several levels of an organization. The research penetrates the "black box" of strategy formulation and shows that a company's realized strategy emerges less from the formal statements of corporate strategy, but often out of the pattern of resource commitments that originate across every level of the firm. Drawing on over thirty yeas of research on resource allocation, including studies from Harvard Business School, Stanford, London Business School, and INSEAD, the book's five sections detail the structural characteristics of the resource allocation process, how the process can lead to breakdowns in strategic outcomes, and where top management can intervene to shape desired results. And while the organizing authors connect over three decades of research on resource allocation, they have also included assessments of this work by thought leaders in the fields of economics, competitive strategy, organizational behavior, and strategic management. The processes described represent the complex reality of strategy formulation in large organizations, but the ideas are presented in a way that enables the reader to access and understand the implications of these complexities. The findings should inform the research of economists, strategists, and behavioural scientists. Thoughtful executives and those who consult with them will also find the book provocative and instructive.

One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets.

One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets.

How a nation′s resources are allocated -- who gets what and why -- is inextricably linked to the politics and political system of that nation. The distribution of such resources has undeniable consequences for national social welfare. Taking a comparative approach to analyzing such issues as industrial performance, quality of life, and national security, the contributors to this volume examine the resource allocation processes of a wide range of nation-states.

Budgets of governments and private insurances are limited. Not all drugs and services that appear beneficial to patients or physicians can be covered. Is there a core set of benefits that everyone should be entitled to? If so, how should this set be determined? Are fair decisions just impossible, if we know from the outset than not all needs can be met? While early work in bioethics has focused on clinical issues and a narrow set of principles, in recent years there has been a marked shift towards addressing broader population-level issues, requiring consideration of more demanding theories in philosophy, political science, and economics. At the heart of bioethics' new orientation is the goal of clarity on a complex set of questions in rationing and resource allocation.Rationing and Resource Allocation in Healthcare: Essential Readings provides key excerpts from seminal and pertinent texts and case studies about these topics, contextualized by original introductions. The volume is divided into three broad sections: Conceptual Distinctions and Ethical Theory; Rationing; and Resource Allocation. Containing the most important and classic articles surrounding the theoretical and practical issues related to rationing and how to allocate scare medical resources, this collection aims to assist and inform those who wish to be a part of bioethics' 21st century shift including practitioners and policy-makers, and students and scholars in the health sciences, philosophy, law, and medical ethics.

How to Divide When There Isn't Enough develops a rigorous yet accessible presentation of the state-of-the-art for the adjudication of conflicting claims and the theory of taxation. It covers all aspects one may wish to know about claims problems: the most important rules, the most important axioms, and how these two sets are related. More generally, it also serves as an introduction to the modern theory of economic design, which in the last twenty years has revolutionized many areas of economics, generating a wide range of applicable allocations rules that have improved people's lives in many ways. In developing the theory, the book employs a variety of techniques that will appeal to both experts and non-experts. Compiling decades of research into a single framework, William Thomson provides numerous applications that will open a large number of avenues for future research.

Take charge of your teams and lead them to victory! For nearly a decade, Mastering Project Management, has been the field's gold standard reference. Now, James Lewis has updated his classic guide, offering both practical, real-world guidance and a focus on higher-level tools and applications that you won't find anywhere else. This fully revised second edition shows project managers and team leaders from all industries how to ramp up and fine-tune managing skills and bring all projects to a successful completion. Carefully avoiding any overlap from his other popular project management titles, Lewis clearly defines your role as a project manager and outlines the steps to mastering project management. Lewis has also included the most up-to-date information on today's hot-button topics in the field, providing the know-how you need to: Utilize the Project Management Body of Knowledge (PMBOK) Survive “no-win” projects Apply Six Sigma in project management Improve estimating capability Manage project risks Identify customer requirements Control costs Understand systems thinking and apply it to projects Lewis shows you how to manage multicultural project teams, coach team members for improved performance, and deal effectively with project stakeholders. He gives you an arsenal of tools for utilizing systems thinking, achieving optimal decision-making, reporting project status, and managing project change and configuration control. Lewis also covers the human element, showing you the most effective ways to conduct interviews, manage meetings, conduct performance reviews, and handle vendors and contractors. If you want to be more than a casual project manager, if you desire to understand every function in your organization, if you aspire to higher management levels, the second edition of Mastering Project Management is your personal guide to success.

Coniferous forests are among the most important of ecosystems. These forests are widespread and influence both the financial and biological health of our globe. This book focuses attention on conifers and how these trees acquire, allocate, and utilize the resources that sustain this crucial productivity. An international team of experts has surveyed and synthesized information from an expanding area of inquiry. The first half of the book describes how resources are acquired both by means of photosynthesis and through root systems. The latter half of the volume focuses upon how resources are stored and used. As conifers continue as a resource and ever increasingly important contributor to the regional and global environmental sustainability, this book will help establish how much sustainability can be expected and maintained.

Coniferous forests are among the most important of ecosystems. These forests are widespread and influence both the financial and biological health of our globe. This book focuses attention on conifers and how these trees acquire, allocate, and utilize the resources that sustain this crucial productivity. An international team of experts has surveyed and synthesized information from an expanding area of inquiry. The first half of the book describes how resources are acquired both by means of photosynthesis and through root systems. The latter half of the volume focuses upon how resources are stored and used. As conifers continue as a resource and ever increasingly important contributor to the regional and global environmental sustainability, this book will help establish how much sustainability can be expected and maintained.

Statisticians are familiar with bandit problems, operations researchers with scheduling programs, and economists with problems of resource allocation. For most of these problems, accurate solutions cannot be obtained unless the problem is small-scale. However, Gittins and Jones showed in 1974 that there is a large class of allocation problems for which the optimal solution is expressible in terms of a priority index that can be calculated. This book is the first definitive account of the theory and applications of this index, which has become known as the Gittens index. Includes 22 previously unpublished tables of index values.

Statisticians are familiar with bandit problems, operations researchers with scheduling programs, and economists with problems of resource allocation. For most of these problems, accurate solutions cannot be obtained unless the problem is small-scale. However, Gittins and Jones showed in 1974 that there is a large class of allocation problems for which the optimal solution is expressible in terms of a priority index that can be calculated. This book is the first definitive account of the theory and applications of this index, which has become known as the Gittens index. Includes 22 previously unpublished tables of index values.

This book is the first comprehensive treatment of sex allocation from the standpoint of modern evolutionary theory. It shows how the determination of sex ratio, resource allocation to sperm versus egg within simultaneous hermaphroditism, and the evolution of sex reversal can he explained as examples of a single process. The genetical theory, developed mostly with graphical arguments, also specifies when hermaphroditism and dioecy are themselves evolutionary stable.The work balances theory with field and laboratory research, providing critical tests of the theory by empirical studies of sex ratio in parasitoid wasps and mites, sex reversal in shrimp and coral reef fish, and allocation of resources to pollen versus seeds in higher plants. In addition, the author oilers an encyclopedic review of the field and laboratory work of other scientists, reviews many as yet untested hypotheses in sex allocation, and points toward numerous plant and animal systems that hold promise for future tests.

In 1989 the first edition of this book set out Gittins' pioneering index solution to the multi-armed bandit problem and his subsequent investigation of a wide of sequential resource allocation and stochastic scheduling problems. Since then there has been a remarkable flowering of new insights, generalizations and applications, to which Glazebrook and Weber have made major contributions. This second edition brings the story up to date. There are new chapters on the achievable region approach to stochastic optimization problems, the construction of performance bounds for suboptimal policies, Whittle's restless bandits, and the use of Lagrangian relaxation in the construction and evaluation of index policies. Some of the many varied proofs of the index theorem are discussed along with the insights that they provide. Many contemporary applications are surveyed, and over 150 new references are included. Over the past 40 years the Gittins index has helped theoreticians and practitioners to address a huge variety of problems within chemometrics, economics, engineering, numerical analysis, operational research, probability, statistics and website design. This new edition will be an important resource for others wishing to use this approach.

This book is the first comprehensive treatment of sex allocation from the standpoint of modern evolutionary theory. It shows how the determination of sex ratio, resource allocation to sperm versus egg within simultaneous hermaphroditism, and the evolution of sex reversal can he explained as examples of a single process. The genetical theory, developed mostly with graphical arguments, also specifies when hermaphroditism and dioecy are themselves evolutionary stable.The work balances theory with field and laboratory research, providing critical tests of the theory by empirical studies of sex ratio in parasitoid wasps and mites, sex reversal in shrimp and coral reef fish, and allocation of resources to pollen versus seeds in higher plants. In addition, the author oilers an encyclopedic review of the field and laboratory work of other scientists, reviews many as yet untested hypotheses in sex allocation, and points toward numerous plant and animal systems that hold promise for future tests.

In 1989 the first edition of this book set out Gittins' pioneering index solution to the multi-armed bandit problem and his subsequent investigation of a wide of sequential resource allocation and stochastic scheduling problems. Since then there has been a remarkable flowering of new insights, generalizations and applications, to which Glazebrook and Weber have made major contributions. This second edition brings the story up to date. There are new chapters on the achievable region approach to stochastic optimization problems, the construction of performance bounds for suboptimal policies, Whittle's restless bandits, and the use of Lagrangian relaxation in the construction and evaluation of index policies. Some of the many varied proofs of the index theorem are discussed along with the insights that they provide. Many contemporary applications are surveyed, and over 150 new references are included. Over the past 40 years the Gittins index has helped theoreticians and practitioners to address a huge variety of problems within chemometrics, economics, engineering, numerical analysis, operational research, probability, statistics and website design. This new edition will be an important resource for others wishing to use this approach.

This casebook remains the most comprehensive available on water law. It gives extensive coverage to both Eastern and Western common law, customary and statutory allocation systems, Indian water rights, and interstate allocation law and the historical forces that produced these systems. It also covers the federal government’s historic role in constructing irrigation, flood control and navigation projects and the changing roles of local water supply organizations. All chapters emphasize the challenges that states and the federal water resources agencies are facing such as climate change adaptation, environmental restoration and the reallocation of existing entitlements.

Everything you need to know on managing school resources are covered: national and state perspectives, future challenges to funding public education, resource allocation, developing a school district budget, sources of revenue, accounting budgeting and reporting, financial statements, allocating resource for higher student performance, human resource, laws and policies, compensation, facilities and auxiliary services and safety and security Each chapter contains a comprehensive case study and exercises for easy application. This practical book will be useful to all school leaders who are trying to improve their school resource management.

Resources, Values and Development contains many of Amartya Sen's path-breaking contributions to development economics, including papers on resource allocation in nonwage systems, investment planning, shadow pricing, employment policy, and welfare economics.

Resource Economics is a text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel. The book covers basic concepts (Chapter 1), shows how to set up spreadsheets to solve simple dynamic allocation problems (Chapter 2), and presents economic models for fisheries, forestry, nonrenewable resources, and stock pollutants (Chapters 3-6). Chapter 7 examines the maximin utility criterion when the utility of a generation depends on consumption of a manufactured good, harvest from a renewable resource, and extraction from a nonrenewable resource. Within the text, numerical examples are posed and solved using Excel's Solver. Exercises are included at the end of each chapter. These problems help make concepts operational, develop economic intuition, and serve as a bridge to the study of real-world problems in resource management.