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allocation

noun

/ˌæl əˈkeɪ ʃən/

IPA:

Dictionary definition of allocation

The act or process of distributing or assigning resources, responsibilities, or quantities to specific individuals, groups, or entities.
"The manager oversaw the allocation of work assignments to the team members."

Detailed meaning of allocation

It involves dividing and apportioning something, such as funds, time, space, or goods, in a deliberate and organized manner. Allocation often entails making decisions to ensure that resources are utilized efficiently and effectively to meet various needs or objectives. It can involve determining how resources will be distributed among different departments, individuals, or projects, based on priorities, requirements, or predetermined criteria. The purpose of allocation is to ensure fair and equitable distribution, maximize utilization, and optimize outcomes. In financial contexts, allocation refers to the distribution of funds or investment portfolios among various assets or investment options. Overall, the concept of allocation revolves around the careful and purposeful assignment of resources to achieve desired outcomes and maintain balance in the distribution of resources.

Example sentences containing allocation

1. The allocation of funds must be carefully planned.
2. We need to discuss the allocation of tasks for the project.
3. Resource allocation is crucial for business growth.
4. The allocation of time is vital to meet deadlines.
5. The government announced a new budget allocation.
6. Effective allocation of resources maximizes efficiency.

History and etymology of allocation

The noun 'allocation' draws its etymological roots from the Latin word 'allocatio,' which is derived from 'allocare.' In Latin, 'allocare' consists of 'ad,' meaning 'to,' and 'locare,' meaning 'to place' or 'to locate.' Originally, it referred to the act of placing or designating something in a specific location. Over time, the term broadened in meaning to encompass the idea of designating or assigning resources, responsibilities, or quantities to specific individuals, groups, or entities. This evolution reflects the notion that allocating involves not only designating a location but also ensuring that something is assigned to the right place or recipient. As 'allocation' entered the English language, it retained this sense of distribution and assignment, encapsulating the act or process of distributing resources, responsibilities, or quantities to achieve specific goals or objectives. Thus, the etymology of 'allocation' underscores its historical connection to the concept of designating and assigning.

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Further usage examples of allocation

1. The allocation of roles in the play was well-balanced.
2. Proper allocation of space is essential for productivity.
3. Allocation of responsibilities is key to teamwork.
4. The allocation of seats at the event caused a debate.
5. Allocation of food to needy families is a priority.
6. The allocation of bandwidth can affect internet speed.
7. The allocation of classrooms is a logistical challenge.
8. Fair allocation of bonuses boosts employee morale.
9. The allocation of study time is critical for students.
10. Allocation of parking spots is managed by a system.
11. Resource allocation varies among different industries.
12. Allocation of assets should align with investment goals.
13. Allocation of scholarships helps students pursue education.
14. Effective allocation of funds supports project success.
15. The government announced the allocation of funds for infrastructure development.
16. The teacher made a fair allocation of classroom duties among the students.
17. The company's budget included an allocation for employee training programs.
18. The committee discussed the allocation of resources for the upcoming project.
19. The charity organization received a generous allocation of food supplies from a local supermarket.
20. The project manager adjusted the budget allocation based on changing priorities.
21. The allocation of office space was carefully planned to accommodate all employees.
22. The school administration decided on an equitable allocation of extracurricular activity budgets.
23. The committee reviewed the allocation of scholarship funds for deserving students.
24. The government announced an allocation of resources to support small businesses affected by the pandemic.
25. The board of directors approved the allocation of company shares to the new investors.