A decision model for regional industrial recruitment and development |
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Authors: | Dong W Cho Allen C Schuermann |
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Institution: | Wichita State University, Wichita, KS 67208, USA |
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Abstract: | Although the practice of industrial recruitment is widespread among regions, its objectives and constraints are neither well established nor carefully evaluated in determining the most desirable industries. As a result, many regions frequently resort to a blind scramble for new industries. This paper suggests a decision model for a regional economy to determine the priority in industrial recruitment. The problem is formulated in terms of a mathematical programming model in which the objectives and constraints are explicitly stated. Regional input-output, table provides additional constraints in the model. The input-output table is also used in testing the economic feasibility of optimal solutions. |
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