Institutional Repository
Technical University of Crete
EN  |  EL

Search

Browse

My Space

A genetic approach for strategic resource allocation planning

Matsatsinis Nikolaos, Pavlos Delias

Full record


URI: http://purl.tuc.gr/dl/dias/B30BBA4E-4A46-44A7-B3F7-586B11073F14
Year 2009
Type of Item Peer-Reviewed Journal Publication
License
Details
Bibliographic Citation P. Delias, N. Matsatsinis ," A genetic approach for strategic resource allocation planning," Comp. Management Sc.,vol. 6 ,no. 3, pp. 269-280,Aug. 2009.doi:10.1007/s10287-006-0036-6 https://doi.org/10.1007/s10287-006-0036-6
Appears in Collections

Summary

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.

Services

Statistics