Budgetary Resource Allocation and Organizational Survival Strategies: A Revised Simplex Algorithm
Journal Title: Scholars Journal of Economics, Business and Management - Year 2014, Vol 1, Issue 7
Abstract
This paper, which is based on budgetary provisions in Ejigbo Local Government Area of the State of Osun for a period of three years spanning 2011 to 2013, considered allocation of limited resources on expenditure items from which it was discovered that capital expenditure should be given maximum attention during the preparation of budget. Having applied Revised Simplex Method (RSM) on the formulated Linear Programming Problem (LPP), the results revealed that less emphasis should be placed on recurrent expenditure as well as consolidated revenue fund charges with a view to ensuring optimal budgetary allocation by meeting the demands of the citizenry in the local government area considered. Keywords: Budgetary Resource Allocation, Expenditure, Linear Programming Problem, Revised Simplex Method.
Authors and Affiliations
Ogunleye Timothy A, Fadare Joseph Ajiboye, Adejumo Adebowale O
Gastronomic Tourism (Food Tourism) – a search for local food experiences: Case Study on Telangana State
Abstract:From general society point of view sustenance expect an optional and minor part in tourism industry which is assessed by Tourists expressions of mouth. Every so often in these evaluations, even the assorted vari...
Performance Target Setting and Employee Service Delivery at Kirinyaga University, Kenya
Abstract:Organizationsare eager to monitor and increase the productivity of their employees. One such means with the potential of increasing service performance and delivery is performance contracting. Performance contra...
HR practices in Social Media and associated aspects of Social Capital
Abstract: Social capital is the expected collective economic benefits derived from the preferential treatment and cooperation between individuals and groups. This concept is a sociological concept which includes social c...
Executive Performance Appraisal System in Indian Organisations: A Case Study of an IT Company
Abstract: Performance Appraisal is the judgment of characteristics traits and performance of employees of the organization. It is a systematic and objective way of judging the relative worth of ability of an employee in...
An empirical analysis of stock market liquidity in China
Abstract: In capital markets, their liquidity is the most important thing to measure the state of the markets. To some extent, the liquidity of capital markets decides their operation state. It is not only an important p...