Editing Resource allocation (section)

==Strategic planning==
In [[strategic planning]], resource allocation is a [[plan]] for using available [[Natural resource|resources]],  for example [[human resources]], especially in the near term, to achieve goals for the future. It is the process of allocating scarce resources among the various [[project]]s or business units.
There are a number of approaches to solving resource allocation problems e.g. resources can be allocated using a manual approach, an algorithmic approach (see below),<ref>{{cite web|title=Production planning |url=http://www.productionplanning.com/Production-Planning/Algorithmic-Sequencing.aspx |access-date=3 June 2014 |archive-url=https://web.archive.org/web/20140607010749/http://www.productionplanning.com/Production-Planning/Algorithmic-Sequencing.aspx |archive-date=7 Jun 2014 |url-status=dead}}</ref> or a combination of both.<ref>Inteng [http://www.inteng.com.au/planning.htm "Planning manual and algorithm"] ''Inteng'' Retrieved on 3 June 2014</ref>

There may be contingency mechanisms such as a priority ranking of items excluded from the plan, showing which items to fund if more resources should become available and a priority ranking of some items included in the plan, showing which items should be sacrificed if total funding must be reduced.<ref>{{cite web|author=Samuel90 |url=http://www.slideshare.net/kbgluciaja/resource-allocation-16175159 |title=Resource allocation |publisher=Slideshare.net |date=2013-01-25 |access-date=2014-06-24}}</ref>