INDUSTRY-WIDE, MULTI-INDUSTRY AND ECONOMY-WIDE PROCESS ANALYSIS,
RAND CORP SANTA MONICA CALIF
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Process analysis, as the term is used here, refers to the formal analysis of industrial productive processes. It consists of a the construction of a mathematical model which reflects the productive processes available to a firm, an industry, a group of industries or an economy and b the use of this model to estimate, under various conditions, the capabilities of this firm, industry, group of industries or economy. An example of a subanalysis is presented to illustrate a how a technology can be expressed in linear programming terms, b the level of detail that is desired in the subanalyses, and c how a subanalysis may be used. The difficulties of, and the aids to, the building of an economy-wide model are discussed. An economy-wide process analysis model is compared with other economy-wide models. It also discusses what can and cannot be hoped for from an economy-wide process analysis.