Nacional Monte de Piedad Uses a Novel Social-Value Measure for Allocating Grants Among Charities

Enrique Garza-Escalante () and Arturo de la Torre
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Enrique Garza-Escalante: Economics Division, CIDE, Mexico City, 01210 México, D.F.

Interfaces, 2015, vol. 45, issue 6, 514-528

Abstract: Allocating grants among charities presents several difficulties. Evaluating trade-offs is emotionally difficult and time consuming for trustees; charities that do not receive support complain of favoritism; and sufficient resources are not available to help all charities. This paper presents a unique and flexible metric that maps money granted to units of social value, which we use in a mixed-integer programming model to assist Nacional Monte de Piedad in its annual grant-allocation process. The model captures complex interactions in a simple, understandable, and representative way.

Keywords: OR/MS implementation; nonprofit organizations; mixed-integer programming; social impact (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:45:y:2015:i:6:p:514-528

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