resource management In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or i ...

, pooling is the grouping together of resources (assets, equipment, personnel, effort, etc.) for the purposes of maximizing advantage or minimizing risk to the users. The term is used in finance, computing and equipment management.

Finance

Pooling is the grouping together of assets, and related strategies for minimizing risk. For example: * Asset-backed securities (ABS) is a security whose income payments are backed by a specified pool of underlying assets. *

Mortgage-backed securities A mortgage-backed security (MBS) is a type of asset-backed security (an 'instrument') which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment ba ...

(MBS) is a type of

Asset-backed security An asset-backed security (ABS) is a security whose income payments, and hence value, are derived from and collateralized (or "backed") by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid asse ...

whereas the underlying assets are mortgages. Debt instruments with similar characteristics can be pooled into a new security, for example: *

Collateralized debt obligation A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).Le ...

s (CDO) is a type of structured

asset-backed security An asset-backed security (ABS) is a security whose income payments, and hence value, are derived from and collateralized (or "backed") by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid asse ...

(ABS). *

Collateralized mortgage obligation A collateralized mortgage obligation (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor need ...

s (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor needs. In general, pooling different assets or debt-like obligations into a new security is called

Securitization Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling ...

, a practice commonly used by

Structured finance Structured finance is a sector of finance - specifically financial law - that manages leverage and risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of financial instruments. Securitizatio ...

Accounting

*Pooling-of-interests was a merger-accounting method that was taken out of the market in the United States by the

Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securi ...

on June 30, 2001.

Supply chain management

Intergovernmental risk pool A “Risk pool” is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks such as floods or earthquakes. The term is als ...

Computing

Pooling IT (equipment and staff) resources involves

virtualization In computing, virtualization or virtualisation (sometimes abbreviated v12n, a numeronym) is the act of creating a virtual (rather than actual) version of something at the same abstraction level, including virtual computer hardware platforms, st ...

of typical IT stacks server, storage and

networking Network, networking and networked may refer to: Science and technology * Network theory, the study of graphs as a representation of relations between discrete objects * Network science, an academic field that studies complex networks Mathematics ...

(but also on the level of datacenter power and cooling). Users benefit from lower individual investments since resources are shared. Although shared infrastructures have huge benefits potential issues on the environment have impact on the complete environment. A thorough analysis of the infrastructure is recommended to identify potential

single point of failure A single point of failure (SPOF) is a part of a system that, if it fails, will stop the entire system from working. SPOFs are undesirable in any system with a goal of high availability or reliability, be it a business practice, software appl ...

(SPOF). One may opt for 'private' instances (

private cloud Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

s) for specific needs or for specific reasons. On the level of resource pooling, bigger suppliers tend to have the benefit of being able to provide shared support environments with round the clock service. Do you prefer access to a service desk round the clock with potential less expertise or do you want to rely on a single support engineer (who is 'on duty' during off peak hours)" * Memory pooling * Thread pooling *

Object pool The object pool pattern is a software creational design pattern that uses a set of initialized objects kept ready to use – a " pool" – rather than allocating and destroying them on demand. A client of the pool will request an object from the ...

ing * Connection pooling in computer science is a caching technique used to enhance the performance of executing commands on a database. The resource management concepts of pooling can easily be abstracted and virtualized:

Equipment

Pooling of equipment is used to maintain "ready for use" equipment while damaged or dirty equipment is repaired and cleaned, by replacing it with an identical piece of equipment from the pool.

Automotive

Carpooling

References

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