Scarce resource analysis: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
(Correct typo - 'losses'.) |
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to maximise financial contribution to fixed costs by making the best use of the scarce resource. | to maximise financial contribution to fixed costs by making the best use of the scarce resource. | ||
Overall profits are maximised - or overall | Overall profits are maximised - or overall losses minimised - by maximising contribution per unit of the available scarce resource. | ||
== See also == | == See also == | ||
* [[Contribution]] | * [[Contribution]] | ||
* [[Incremental cash flows]] | |||
* [[Limiting factor]] | * [[Limiting factor]] | ||
* [[Microeconomics]] | * [[Microeconomics]] | ||
* [[Opportunity cost of capital]] | |||
* [[Production possibility curves]] | * [[Production possibility curves]] | ||
* [[Scarce resource]] | * [[Scarce resource]] | ||
* [[Scarcity]] | * [[Scarcity]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 19:29, 8 October 2023
Economics - microeconomics.
Scarce resource analysis is a planning technique that seeks to maximise financial contribution to fixed costs by making the best use of the scarce resource.
Overall profits are maximised - or overall losses minimised - by maximising contribution per unit of the available scarce resource.
