A Goal Programming Model for Budgetary Allocation of an IT Organization
DOI:
https://doi.org/10.26713/cma.v14i1.1948Keywords:
Goal Programming, Budget allocation, IT industryAbstract
Goal Programming has become one of the renowned approaches for dealing with multi-objective decision-making challenges due to its versatility in resolving multi-objective decision-making problems. This work presents a strategy for executing an IT company’s budget allocation to achieve maximum employment benefits, organizational income, and overall costs while limiting the institution’s total budget. The proposed model has illustrates using real-world data, with the outcomes exhibiting that this model helps decision-makers by allowing for a collaborative decision-making process to enhance the planning framework and meet the objective of creating acceptable solutions.
Downloads
References
B. Aouni and O. Kettani, Goal programming model: A glorious history and a promising future, European Journal of Operational Research 133(2) (2001), 225 – 231, DOI: 10.1016/S0377-2217(00)00294-0.
G. A. H. Babu, K. M. P. Kumara and K. N. U. Kumar, Budget allocation for hospital administration by an AHP through goal programming model, Gedrag & Organisatie Review 33(2) (2020), 2389 – 2398, URL: https://lemma-tijdschriften.com/gallery/goj-1750.pdf.
G.A. H. Babu and D. Jayashree, Optimum allocation of resources in university management through goal programming, Global Journal of Pure and Applied Mathematics 12(4) (2016), 2777 – 2784.
A. Charnes and W. W. Cooper, Goal programming and multiple objective optimizations: Part 1, European Journal of Operational Research 1 (1977), 39 – 54, DOI: 10.1016/S0377-2217(77)81007-2.
E. Dan and O. Desmond, Goal programming: an application to budgetary allocation of an institution of higher learning, Research Journal in Engineering and Applied Sciences 2(2) (2013), 95 – 105.
S. Gupta and S. Sinha, Academic staff planning, allocation and optimization using genetic algorithm under the framework of fuzzy goal programming, Procedia Computer Science 172 (2020), 900 – 905, DOI: 10.1016/j.procs.2020.05.130.
P. Jyothi, G. A. Vatsala and R. Gupta, Goal programming model to budgetary allocation in garbage disposal plant, in: Logistics, Supply Chain and Financial Predictive Analytics: Theory and Practices, K. Deep, M. Jain and S. Salhi (editors), pp. 77 – 90, Springer, Singapore (2019), DOI: 10.1007/978-981-13-0872-7_7.
S. K. Kumar and G. A. H. Babu, Capital budgeting decision through goal programming, International Journal of Engineering Research and Technology 11 (2018), 65 – 71.
N. K. Kwak and C. B. Diminnie, A goal programming model for allocating operating budgets of academic units, Socio-Economic Planning Sciences 21(5) (1987), 333 – 339, DOI: 10.1016/0038-0121(87)90007-3.
P. K. Mubiru, A goal programming model for allocating time and cost in project management, in: Proceedings of the 6th ORSEA Conference, 14-15 October, 2010, Kampala, Uganda.
R. Rynca and Y. Ziaeian, Applying the goal programming in the management of the 7P marketing mix model at universities-case study, PLoS ONE 16(11) (2021), e0260067, DOI: 10.1371/journal.pone.0260067.
K. Wise and D. E. Perushek, Goal programming as a solution technique for the acquisitions allocation problem, Library & Information Science Research 22(2) (2000), 65 – 183, DOI: 10.1016/S0740-8188(99)00052-3.
A. Yahia-Berrouiguet and K. Tissourassi, Application of goal programming model for allocating time and cost in project management: a case study from the company of construction seror, Yugoslav Journal of Operations Research 25(2) (2015), 283 – 289, DOI: 10.2298/YJOR131010010Y.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CCAL that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
