Psychology Definition of NOISE EFFECTS: describes any physiological response or stress response to the adverse noise levels, one such example is the inability to fall asleep due to the level of s Sign in
Wiktionary(0.00 / 0 votes)Rate this definition: allocation(Noun) The process or procedure for allocating things, especially money or other resources. The allocation of new permits is on a first-come, first-served basis.
Resource allocation is a process in which a company decides where it wants to place its scarce resources. The overall strategy is to produce the goods and services that match customer preferences for the lowest possible cost of production so that resource use can be maximized.