The south-to-north water diversion project is a mega-project that is strategically aimed at realizing the optimal allocation of water resources,
12.
The ECN merely constitutes a mechanism for an optimal allocation of cases and sets rules for the exchange of information amongst themselves.
13.
This approach, in theory, leads to an optimal allocation of resources; where harm can be cheaply avoided, the legal system requires precautions.
14.
Specifically, it is NP-hard, meaning that it is conjectured that there does not exist a polynomial-time algorithm which finds the optimal allocation.
15.
"There is a need to improve labour market information to ensure optimal allocation of resources and to reduce mismatch in skills, " he said.
16.
Most social scientists assert that there must be some optimal allocation between government involvement in the private sphere, a golden mean toward which citizens are forever striving.
17.
This results in a sub-optimal allocation of resources money spent on lobbyists and counter-lobbyists rather than on research and development, on improved business practices, on special interests.
18.
Diamond and Mirrlees examine a situation in which the government requires a revenue raised by taxes but lump-sum taxation, and therefore a first-best Pareto optimal allocation of resources is unavailable.
19.
While the VCG auction tries to make a socially optimal allocation of items, VCG mechanisms allow for the selection of a socially optimal outcome out of a set of possible outcomes.
20.
Optimal allocation of developer time is a wider issue which is best tackled based on the whole picture of development needs, not for every micro-issue on a case by case basis.
