A Stochastic Analysis of Programs for the Mentally Retarded

Frank H. Trinkl
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Frank H. Trinkl: University of California, Berkeley, California

Operations Research, 1974, vol. 22, issue 6, 1175-1191

Abstract: This paper presents a constrained value-weighted Markovian approach to evaluating public-policy alternatives. It incorporates value judgments and constraints into a Markov chain so that relative comparisons of value-cost time profiles associated with alternative programs can he made. Although the model was developed to analyze programs for the mentally retarded, other applications appear promising.

Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:22:y:1974:i:6:p:1175-1191

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