INPUT-OUTPUT: TOOL FOR DECISION

SEVERAL METHODS HAVE BEEN UTILIZED TO A GREATER OR LESSER DEGREE TO TEST SIMULTANEOUSLY THE FEASIBILITY OF ANY PARTICULAR PROGRAM WITH REFERENCE TO EACH AND EVERY FACTOR OF PRODUCTION. ONE METHOD IS KNOWN AS INPUT-OUTPUT ANALYSIS OR INTER-INDUSTRY RELATIONS ANALYSIS. IT CONSIDERS THE INPUT IN RELATION TO THE OUTPUT OF EACH INDUSTRY. THE OBJECTIVE OF THE METHOD IS TO DETERMINE WHAT THE OUTPUT OF EACH INDUSTRY AT ALL STAGES OF PRODUCTION WOULD HAVE TO BE TO SATISFY A GIVEN PROGRAM OF END PRODUCTS. THE ADVANTAGE OF INPUT-OUTPUT ANALYSIS IS THAT IT COVERS THE WIDE RANGE BETWEEN EXTREME AGGREGATION AND COMPLETE DISAGGREGATION. ANOTHER MAJOR ADVANTAGE IS ITS STRESS ON INTERDEPENDENCE. SUCH MODELS FACILITATE A RATIONAL CHOICE AMONG POSSIBLE ALTERNATIVES WHEN EXAMINING THE LOGICAL CONSEQUENCES OF EACH. /AUTHOR/

  • Supplemental Notes:
    • Vol 48, pp 38-49
  • Corporate Authors:

    Department of the Army

    Pentagon Building
    Washington, DC  USA  20310
  • Authors:
    • Franklin, W D
  • Publication Date: 1968-6

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00201762
  • Record Type: Publication
  • Source Agency: Traffic Systems Reviews & Abstracts
  • Files: TRIS
  • Created Date: Jul 6 2003 12:00AM