Research Article
Jul 1972
Budget Constraints and Multiobjective Planning
Authors: Arthur Maass and David C. MajorAuthor Affiliations
Publication: Engineering Issues: Journal of Professional Activities
Volume 98, Issue 3
Abstract
The purpose of this paper is to explain the relation between multiobjective planning of public investment programs and the use of budget constraints, because this important matter is normally not considered in governmental proposals of new planning methods. The multiobjective approach to planning includes: (1) identification of the several objectives of the public organization for which the plans are being made; (2) for each objective development of metrics of its benefits and costs; and (3) design of alternative programs that emphasize alternative combinations of objectives as a means of showing how governmental and private actions can contribute to objectives. In a formal sense a budget constraint is a limit on the total expenditure that can be made for a project or program; and if the constraint is binding, it affects the design of the project or program.
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Published In
Engineering Issues: Journal of Professional Activities
Volume 98 • Issue 3 • July 1972
Pages: 359 - 362
Copyright
© 1972 American Society of Civil Engineers.
History
Published in print: Jul 1972
Published online: Feb 10, 2021
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Arthur Maass
Prof. of Govt., Harvard Univ., Cambridge, Mass.
David C. Major
Assoc. Prof. of Civ. Engr., Dept. of Civ. Engrg., MIT, Cambridge, Mass.
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