Full text : Study week on the econometric approach to development planning

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 1021

(which is fundamental to the construction of the curve of Figure
 4) yield the relevant (total) function for cost component c)
as suggested by the curve of Figure ~?

Cost component d): Although the cost of the time spent by
decision makers in reaching decisions might be aggregated with
cost component b), for analytical purposes we prefer to keep
these two cost items separate. As with cost component 3), if
such time is fully costed, may we presume that significant scale
economies exist? Would the number of times at which a decision
 on a concrete issue (or set of concrete issues) is to be taken

Dollars

Total
Transmission
Cost

Contre

a
-

Dollars

Total Cost
of Executive
Time Spent
- . at .
Decision-Making
on a
concrete
erie

+

fat

(Jia

Isard - pag.

TOG
            
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