C. Linear programming is a mathematical technique that can be used to solve resource allocation problems. D. Queuing theory is a technique that balances the cost of having a waiting line against the cost of service to maintain that line. E. Probability theory is the use of statistics to analyze past predictable patterns and to reduce risk in future plans. F. Marginal analysis is a planning technique that assesses the incremental costs or revenues in a decision. G. Simulation is a model of a real-world phenomenon that contains one or more variables that can be manipulated in order to assess their impact.
Time management is defined as a personal form of scheduling time effectively.
A. Time as a scarce resource. Time is a unique resource in that it it cannot be replaced. If we waste it, it's gone. The positive side is that all of us have the same amount of time available to us. B. Focusing on discretionary time.