Resource allocation models are frameworks used to distribute limited resources among various competing activities or projects. These models help organizations make informed decisions about where to invest time, money, and effort to achieve the best possible outcomes. By analyzing factors such as costs, benefits, and priorities, these models guide managers in optimizing resource use. There are several types of resource allocation models, including linear programming, integer programming, and dynamic programming. Each model has its own strengths and is suited for different scenarios, allowing organizations to tackle complex problems and improve efficiency in their operations.