Financial planning in the public sector and the Newsvendor problem
| Autor: | Ghaleb A. El-Refae, Abdalla Mansur, Jack Brimberg |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Finance
021103 operations research Operating budget business.industry Vendor Lapsed funds Control (management) Public sector public sector 0211 other engineering and technologies Financial plan 02 engineering and technology Management Science and Operations Research Outcome (game theory) Newsvendor problem Homogeneous Value (economics) lcsh:T58.6-58.62 0202 electrical engineering electronic engineering information engineering 020201 artificial intelligence & image processing lcsh:Management information systems business health care economics and organizations |
| Zdroj: | Yugoslav Journal of Operations Research, Vol 28, Iss 2, Pp 265-274 (2018) |
| ISSN: | 0354-0243 |
| Popis: | The purpose of this paper is to study the phenomenon of lapsed funding that occurs within the public sector using the framework of the Newsvendor Problem. Under this framework, we observe that lapsed funding is a natural outcome of the planning system when the financial manager is trying to maximize the value added to his unit. Centralizing control of operating budgets of homogeneous units is shown to reduce lapsed funds and improve their overall performance. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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