Use of Wiener’s diffusion model in economic planning Available to Purchase

Discusses the application of Wiener’s diffusion model as applied in engineering and physics. Shows how the model can be used in dealing with problems that arise in economic planning. Describes the scope of cybernetic thinking in the problems of planning in the Indian context. Gives details of the model’s application in this connection for the trends in growth levels of gross domestic product (GDP). Outlines its application to a problem of regional development.