A decision model for regional industrial recruitment and development

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.