The paper deals with the issue of budget setting to the divisions of a company. The approach is quantitative in nature both in the formulation of the requirements for the set-budgets, as related to different general managerial objectives of interest, and in the modelling of the inherent uncertainties in the divisions' revenues. Solutions are provided for speci c cases and conclusions are drawn on di erent aspects of this issue based on analytical and numerical analysis of the results. From a more general standpoint the paper is also intended to set the ground for a schematic and precise approach to the managerial problem of budget-setting.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
103.
For technical questions regarding this item, or to correct its listing, contact: (Corry Stuyts).
Related research
Keywords:
Find related papers by JEL classification: C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Statistical Decision Theory; Operations Research M40 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - General