A NEW LOOK AT BUDGETING FROM THE STANDPOINT OF LINEAR PROGRAMMING

Wilfred V. Candler

Australian Journal of Agricultural Economics, 1959, vol. 03, issue 01, 11

Abstract: This paper will take a new look at budgeting. It will be argued that with the development of linear programming, budgeting can be seen to have several disadvantages as a research tool. The development of linear programming as an aid to farm management research will then be examined. This examination will lead to the development of a slight refinement of conventional budgeting methods. This refinement may reasonably be termed parametric budgeting.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1959
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22308

DOI: 10.22004/ag.econ.22308

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