Accession Number : AD0604615

Title :   INDUSTRY-WIDE, MULTI-INDUSTRY AND ECONOMY-WIDE PROCESS ANALYSIS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Markowitz,Harry

Report Date : 18 NOV 1964

Pagination or Media Count : 64

Abstract : 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.

Descriptors :   (*INDUSTRIAL PRODUCTION, MATHEMATICAL ANALYSIS), (*ECONOMICS, LINEAR PROGRAMMING), (*LINEAR PROGRAMMING, INDUSTRIAL PRODUCTION), MATHEMATICAL MODELS, PETROLEUM INDUSTRY, MANAGEMENT ENGINEERING

Distribution Statement : APPROVED FOR PUBLIC RELEASE