Learn how the assignment method allocates resources for maximum efficiency and profit. Discover practical examples in banking, manufacturing, and budgeting.

Elastic optical networks (EONs) represent a paradigm shift in optical communication by replacing fixed, rigid spectral grids with dynamically adjustable frequency slots. This flexibility facilitates ...

If some regions become hot spots and hospitals reach maximum capacity during the COVID-19 pandemic, hospitals have plans for how to decide who gets critical care resources, such as a bed in the ...

James Schummer joined Kellogg in 1997 after getting his PhD in Economics from the University of Rochester. His areas of expertise include game theory, axiomatic resource allocation, and mechanism ...

While we face a situation where we have to allocate things fairly in a variety of everyday situations, from cutting cakes to assigning work and sharing housework, we also become the ones who are dealt ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...