A LINEAR PROGRAMMING SOLUTION TO DYNAMIC LEONTIEF TYPE MODELS

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.

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Document Details

Document Type
Technical Report
Publication Date
Aug 27, 1954
Accession Number
AD0604622

Entities

People

  • Harvey M. Wagner

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Advanced Electronics

DTIC Thesaurus Topics

  • Algorithms
  • Coefficients
  • Computational Science
  • Computations
  • Computer Programming
  • Difference Equations
  • Differential Equations
  • Equations
  • Inventory
  • Linear Programming
  • Materials
  • Money
  • Munitions
  • Production
  • Simplex Method
  • Standards
  • Stockpiles

Readers

  • Computational Modeling and Simulation
  • Economics
  • Linear Algebra

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference
  • AI & ML - DoD AI Strategy
  • AI & ML - Machine Learning Algorithms