Paper Info
Title
A genetic approach for strategic resource allocation planning
Abstract
Enterprises often implement a measurement system to monitor their march towards their strategic goals. Although this way it is possible to assess the progress of each goal, there is no structured way to reconsider resource allocation to those goals and to plan an optimal (or near optimal) allocation scheme. In this study we propose a genetic approach to match each goal with an autonomous entity (agent) with a specific resource sharing behavior. The overall performance is evaluated through a set of functions and genetic algorithms are used to eventuate in approximate optimal behavior’s schemes. To outline the strategic goals of the enterprise we used the balanced scorecard method. Letting agents deploy their sharing behavior over simulation time, we measure the scorecard’s performance and detect distinguished behaviors, namely recommendations for resource allocation.
Year
DOI
Venue
2009
10.1007/s10287-006-0036-6
Comput. Manag. Science
Keywords
Field
DocType
Strategic planning,Performance measurement,Agent-based computational economics,Genetic algorithms
Mathematical optimization,Performance measurement,Balanced scorecard,Resource allocation,Agent-based computational economics,Shared resource,Strategic planning,Genetic algorithm,Management science,Mathematics,Process management
Journal
Volume
Issue
ISSN
6
3
1619-697X
Citations 
PageRank 
References 
0
0.34
5
Authors
2
Name
Order
Citations
PageRank
Pavlos Delias17212.00
Nikolaos Matsatsinis21219.44