Financial planning in the public sector and the newsvendor problem

Jack Brimberg; Abdalla Mansur; Ghaleb A. El-Refae

doi:10.2298/YJOR171116015B

Financial planning in the public sector and the newsvendor problem

Jack Brimberg, Abdalla Mansur, Ghaleb A. El-Refae

Al Ain University of Science and Technology

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

The purpose of this paper is to study the phenomenon of lapsed funding that occurs within the public sector using the framework of the Newsvendor Problem. Under this framework, we observe that lapsed funding is a natural outcome of the planning system when the financial manager is trying to maximize the value added to his unit. Centralizing control of operating budgets of homogeneous units is shown to reduce lapsed funds and improve their overall performance.

Original language	English
Pages (from-to)	265-274
Number of pages	10
Journal	Yugoslav Journal of Operations Research
Volume	28
Issue number	2
DOIs	https://doi.org/10.2298/YJOR171116015B
State	Published - 2018

Keywords

Lapsed Funds
Newsvendor Problem
Public Sector.

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10.2298/YJOR171116015B

Cite this

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title = "Financial planning in the public sector and the newsvendor problem",

abstract = "The purpose of this paper is to study the phenomenon of lapsed funding that occurs within the public sector using the framework of the Newsvendor Problem. Under this framework, we observe that lapsed funding is a natural outcome of the planning system when the financial manager is trying to maximize the value added to his unit. Centralizing control of operating budgets of homogeneous units is shown to reduce lapsed funds and improve their overall performance.",

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AB - The purpose of this paper is to study the phenomenon of lapsed funding that occurs within the public sector using the framework of the Newsvendor Problem. Under this framework, we observe that lapsed funding is a natural outcome of the planning system when the financial manager is trying to maximize the value added to his unit. Centralizing control of operating budgets of homogeneous units is shown to reduce lapsed funds and improve their overall performance.

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Financial planning in the public sector and the newsvendor problem

Abstract

Keywords

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