Investment analysis and budget allocation at Catholic Relief Services

Investment analysis and budget allocation at Catholic Relief Services

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Article ID: iaor20072660
Country: United States
Volume: 36
Issue: 5
Start Page Number: 400
End Page Number: 406
Publication Date: Sep 2006
Journal: Interfaces
Authors: , ,
Keywords: decision, finance & banking, spreadsheets, community OR
Abstract:

Catholic Relief Services, a not-for-profit agency that funds development programs and humanitarian relief efforts throughout the world, faces a challenging budget-allocation problem annually. We developed a mathematical model and a spreadsheet tool that allocates available funds based on the impact these investments will have in different countries. The model ensures a fair allocation to countries in need that is consistent with the agency's priorities and is simple enough for managers to understand. The agency is using the tool to plan its spending and considers it a success that has greatly improved the planning process.

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