For over a decade, the Kellogg Company has used its planning system (KPS), a large-scale, multiperiod linear program, to guide production and distribution decisions for its cereal and convenience foods business. An operational version of KPS, at a weekly level of detail, helps determine where products are produced and how finished products and in-process products are shipped between plants and ...

Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic variables. Some methods to account for these stochastic dependencies are illustrated. The financial feasibilit...

Participatory budgeting is one of the exciting developments in deliberative grassroots democracy. We concentrate on approval elections and propose proportional representation axioms in participatory budgeting, by generalizing relevant axioms for approval-based multi-winner elections. We observe a rich landscape with respect to the computational complexity of identifying proportional budgets and...

Beyond Budgeting has been proposed as an influential idea that will reinvigorate management accounting contribution in business operation and performance. It is claimed that the traditional system has lost relevance with the modern business environment and is no longer satisfying the needs of managers. Budgets have been ingrained in the culture of business since their inception in the 1920s and...

The ability of public health to meet its functional mandates of assessment, assurance, and policy development footline is driven by the system's capacity to meet basic financing needs. To do so, state and local public health leaders must be able to articulate financing needs in terms that are understandable to policy makers and that link funding to anticipated community impact, benefit, and per...

Participatory budgeting has become a popular application of e-participation in Germany. About one hundred local governments have executed participatory budgets in the last year. Citizen participation in public budget planning is not formally requested by law in Germany. Also, the legal procedures to settle the budget of a local governments are not defined in detail. In consequence, different pr...

Participatory budgeting is applied by an increasing number of municipalities and organizations. Citizens can decide over an institutional budget. The allocation mechanism can affect emotional arousal, which influences the choice evaluation in the decicion-making process. Building on the endowment effect, we conduct an experiment testing a novel participatory budgeting approach that includes an ...

The transition to democracy and a free market economy in Hungary and other Central European nations has provided a unique opportunity to study rapid change in budget systems, institutions, and policies. This article examines budgeting in Hungary since 1989, beginning with an analysis of the comparative budgeting literature in an attempt to identify an appropriate theoretical framework for the s...

How healthcare firms make capital budgeting decisions is an intriguing question principally because about 85% of these firms are not-for-profit operations. Several surveys have been performed over the last forty plus years to learn about capital budgeting practices of these firms. In this paper, we analyze and synthesize these surveys in a four-stage framework of the capital budgeting process—i...

Around the same time as the emergence of agile methods as a formalized concept, the management accounting literature introduced the concept of Beyond Budgeting as a performance management model for changing business environments. Both concepts share many similarities with both having a distinctly agile or adaptive perspective. The Beyond Budgeting model promises to enable companies to keep pace...