Resource management in the context of "Energy economics"

Resources are all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help to satisfy needs and wants. There are many types of resources, which can broadly be classified according various parameters, such as their availability as renewable or non-renewable resources or national and international resources. An item may become a resource with technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well-being. From a human perspective, a regular resource is anything to satisfy human needs and wants.

The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example - linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require resource allocation through resource management.

In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning.

Michael Porter identifies three principles underlying strategy:

Environmental resource management or environmental management is the management of the interaction and impact of human societies on the environment. It is not, as the phrase might suggest, the management of the environment itself. Environmental resources management aims to ensure that ecosystem services are protected and maintained for future human generations, and also maintain ecosystem integrity through considering ethical, economic, and scientific (ecological) variables. Environmental resource management tries to identify factors between meeting needs and protecting resources. It is thus linked to environmental protection, resource management, sustainability, integrated landscape management, natural resource management, fisheries management, forest management, wildlife management, environmental management systems, and others.

In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets, or planning.

In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time.

Vegetation classification is the process of classifying and mapping the vegetation over an area of the Earth's surface. Vegetation classification is often performed by state based agencies as part of land use, resource and environmental management. Many different methods of vegetation classification have been used. In general, there has been a shift from structural classification used by forestry for the mapping of timber resources, to floristic community mapping for biodiversity management. Whereas older forestry-based schemes considered factors such as height, species and density of the woody canopy, floristic community mapping shifts the emphasis onto ecological factors such as climate, soil type and floristic associations. Classification mapping is usually now done using geographic information systems (GIS) software.