Telesis "...an ancient Greek word signifying the achievement of a steady progress towards an objective through careful planning & the intelligent use of resources"
Modern applied Input-Output analysis was pioneered by Wassily W. Leontief who in 1949 built a 500 sector input-output model of the US Economy as a computer program. This linear equation-based system was the first significant computer-based economic model.
Before computers existed, the Frenchman, François Quesnay (1694-1774) created the concept of the aggregation of flows of inputs to create sector output and these were represented in Tables, known as Tableau Économique. Quesnay also conceived of the economic concept of value-added.
SEEL management has been involved in Input-Output analysis for more than 35 years making it a permanent feature of SEEL's work since its foundation. Input-Output analysis assignments involve the design of technical, economic and financial models for the representation and analysis of projects, enterprise and sector activities as well as population segments, regions and economies. Input-output analysis is a foundation for most simulation work designed to identify decision options..
Input-Output analysis has invarably been an important component of analysis applied in decisions analysis. The benefit of input-output analysis is that it is based on measured and quantified data on factor inputs and process outputs. Input-Output is essentially a non-functional linear relationship across sectors. However it is possible to convert such a structure into a production function by taking into account the technical relationships within any process and how they relate to workforce technique and management operations. The functional relationships within processing domains within an input-output matrix need to be subjected to known ranges of constraints on operational limits (minimum and maximum feasible attainments). In this way more realistic representations of dynamic factors can be established to assist operations analysis and decision-making in the corporate or policy environemnts.
Input-output analysis makes intensive use of information systems support and SEEL has considerable experience in building computer-based input-output which contain production function characteristics such as Structural Production Functions or the more advanced Seel-Telesis® Program.
Range of experience
Our assignments have included corporate decision support, goverment sector planning including projects for economic development, agriculture, poverty alleviation, human resources planning and investment.
