Given the Technology Matrix A, and an External Demand Vector $A = \left[ \begin{array} { c c c } 0.5 & 0.1 & 0 \\0 & 0.5 & 0.1 \\0 & 0 & 0.5\end{array} \right]$

question 129

Essay

Given the technology matrix A, and an external demand vector D, find the production vector X.
​ $A = \left[ \begin{array} { c c c } 0.5 & 0.1 & 0 \\0 & 0.5 & 0.1 \\0 & 0 & 0.5\end{array} \right]$ , $D = \left[ \begin{array} { l } 2200 \\4900 \\3400\end{array} \right]$

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Definitions:

Normalisation

The process of adjusting financial or other measurable data to eliminate the effect of certain variables, making them comparable in a different context.

Competitive Benchmarking

A process where a company compares its products or services against those of its competitors to identify areas for improvement.

External Benchmarking

The process of comparing a company's performance, products, or processes against those of leading competitors or industry standards.

Process Benchmarking

Examining and measuring business procedures and performance measures against top industry benchmarks or exemplary practices from different firms.