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Decomposition and Optimization of Short-Run Planning in a Planned Economy

  • Jerzy Mycielski
  • Krzysztof Rey
  • Witold Trzeciakowski

Abstract

Drafting central plans cannot be avoided in any economy striving for planning. The fact that such plans are put into practice proves that it is possible to find a feasible solution even applying traditional methods. However, the feasible solution obtained in practice is usually far from being optimal; the utilization of productive capacities and of foreign trade opportunities is bound to be more or less inefficient. Therefore, to find the optimal solution for the economy as a whole is of specific interest for the underdeveloped countries in view of their limited productive capacities.

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References

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1963

Authors and Affiliations

  • Jerzy Mycielski
  • Krzysztof Rey
  • Witold Trzeciakowski

There are no affiliations available

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