Accession Number:

AD0604622

Title:

A LINEAR PROGRAMMING SOLUTION TO DYNAMIC LEONTIEF TYPE MODELS

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1954-08-27

Pagination or Media Count:

55.0

Abstract:

This paper presents a general dynamic model of an economy and attempts to answer a number of questions dealing, for example, with the feasibility of certain time profiles of demand, the rate of substitution between economic activities taking place in different time periods, economic growth, and industrial cycles undoubtedly there are many more applications of the general model. The solutions to the questions involve the application of linear programming to a standard Leontief input-output flow matrix and a capital building matrix. In addition the paper proposes a method which is designed to reduce computation time considerably.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE