Optimal Production Planning When Final Demand Is Stochastic and Inter-related
نویسنده
چکیده
There may be several possible procedures, each one suitable to a particular theoretical and institutional framework, to formulate the relationship between Ct and Xt, the latter determining the former. A simple procedure in line would be to consider employment as a function of the level of output and in turn, consumption demand as a function of the level of employment. Set to equilibrium, both Ct and Xt might be simultaneously estimated. One such procedure was elaborated by Leontief himself (Leontief, pp. 88-108).
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