Operations Research in National Planning of Underdeveloped Countries
- 1 April 1961
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Operations Research
- Vol. 9 (2) , 230-248
- https://doi.org/10.1287/opre.9.2.230
Abstract
The problem of allocation of resources in development planning is treated in the form of a project-selection problem. The main features of the approach are (a) It provides for technological feasibility of the development program and satisfies the demand for final consumption (at given prices) at all points of time. (b) It yields a number of alternative programs that demonstrate the possible compromises between conflicting objectives of national planning Only “efficient” compromises are given. Thus, the decision-maker is furnished with the best possible basis for selection of a final compromise. (c) In selecting projects at a given point of time, it takes account of future opportunities for resource allocation.Keywords
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