What Is The Use Of Linear Programming In Planning?
LP as tool of planning is superior to IOA. In IOA only one method is adopted to produce a commodity. It does not take into consideration the bottlenecks which a development project has to face in UDCs. But in LP a definite objective is set to maximize income or minimize costs. All possible techniques or process are taken into account for achieving the desired objective. This makes possible the substitution of one factor for the other till most efficient and economic process is attained. In UDCs the planning agencies are faced with such constraints as the lack of sufficient funds, capital, machinery and growing population etc. LP takes them into account and helps in evolving an optimum plan for attain the objectives within a specified period of time. Thus LP technique is helpful in constructing the theoretical multi-sector planning models. Such models extend the consistency models of input output type to optimization of income or employment or any other quantifiable plan objective under
