SYNTHETIC APPROACHES IN MANPOWER PLANNING.

An iterative educational planning scheme is proposed in which labor skill requirements are first assessed through the manpower requirements approach and then evaluated according to the rate of return approach. In this way the technical requirements in production (manpower approach) are subject to an economic optimality test (rate of return approach). The cost-benefit evaluation of present or planned labor skill structures can take place in a static linear programming framework or by using a neo-classical production function which incorporates substitution possibilities between labor skills. [ABSTRACT FROM AUTHOR]