A Note on the Objective Junction for the Pilot Model

Abstract

It is shown that if the objective for a linear programming model is chosen to be the weighted sum of people at different consumption levels, where the weights are equal to consumption levels measured in base-year prices, then the prices of the physical flow model will be comparable to base year prices in that people given the same income less taxes and savings will be able to purchase the same bill of goods; moreover prices will remain invariant if they use their demand functions to buy a different bill of goods. It is also shown that if industries use their respective production to change their inputs to maximize production, this will also increase the objective gross national consumption.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1975
Accession Number
ADA016217

Entities

People

  • George Bernard Dantzig

Organizations

  • Stanford University

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Commerce
  • Computer Programming
  • Consumers
  • Economic Models
  • Governments
  • Linear Programming
  • Military Research
  • Operations Research
  • Optimization
  • Production
  • Simplex Method
  • United States
  • United States Government
  • Universities

Readers

  • Computational Modeling and Simulation
  • Industrial Economics
  • Statistical inference.