Human resource management (HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage.It is designed to maximize employee performance in service of an employer's strategic objectives. [need quotation to verify] Human resource …

History. Although eco-efficiency is a rather new method, the idea is not. In the early 1970s Paul R. Ehrlich and John Holdren developed the lettering formula I = PAT to describe the impact of human activity on the environment. Furthermore, the concept of eco-efficiency was first described by McIntyre and Thornton in 1978, but it wasn't until 1992, when the term was …

A human resources management system (HRMS) or Human Resources Information System (HRIS) or Human Capital Management (HCM) is a form of Human Resources (HR) software that combines a number of systems and processes to ensure the easy management of human resources, business processes and data. Human resources software is used by businesses to …

In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets, or planning.. In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into …

Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off .The concept is named after Vilfredo Pareto (1848–1923), Italian civil engineer and economist, who used the concept in his studies of economic efficiency and income distribution.The following three concepts are …

Description. In contract theory, allocative efficiency is achieved in a contract in which the skill demanded by the offering party and the skill of the agreeing party are the same.. Resource allocation efficiency includes two aspects: At the macro aspect, it is the allocation efficiency of social resources, which is achieved through the economic system arrangements of the entire …

In video games, Elden Ring wins Game of the Year at The Game Awards. American basketball player Brittney Griner and Russian arms dealer Viktor Bout (pictured) are freed via a prisoner exchange.; In Germany, 25 members of a far-right group are arrested in connection with a coup d'état plot.; Albert Rösti and Élisabeth Baume-Schneider are elected to the Federal Council, …

Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center.Cloud computing relies on sharing of resources to achieve coherence and typically …

A computer network is a set of computers sharing resources located on or provided by network nodes.The computers use common communication protocols over digital interconnections to communicate with each other. These interconnections are made up of telecommunication network technologies, based on physically wired, optical, and wireless radio-frequency methods that …

Manufacturing resource planning (MRP II) is defined as a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and is an extension of closed-loop MRP (Material Requirements Planning).This is not exclusively a …