A Linear Goal-Programming Model for Public-Sector Project Selection |
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Authors: | Colin O Benjamin |
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Institution: | 1.Department of Mechanical Engineering,University of the West Indies,Trinidad |
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Abstract: | This paper outlines a generalized public-sector project selection model using linear goal programming and demonstrates its application using data from the energy-based sector in Trinidad and Tobago, a small developing country in the Caribbean. The decision maker's influence on the project portfolio selected is demonstrated by varying parameters, such as the priority structure and the level of availability of key resources. Goal programming emerges as a powerful tool available for use by public-sector planners in developing countries faced with the challenge of formulating an appropriate public-sector investment programme. |
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