Mediterranean regional project (mrp) technique, Microeconomics

Mediterranean Regional Project (MRP) Technique

This technique had been initially employed by the OECD (Organisation of Economic Cooperation and Development, Europe) to prepare manpower plans for six countries which were sharing the Mediterranean Sea. The sea-based resources served as one common feature for all these countries. The countries covered were Greece, Italy, Yugoslavia, Portugal, Turkey and Spain.

There are essentially three major steps in forecasting demand for skilled and qualified manpower:

(i) Projecting the demand for educated manpower,

(ii) Projecting the supply of educated manpower,

(iii) Balancing the demand with supply.

Under the MRP technique, there are five steps in projecting demand for qualified manpower.

Posted Date: 12/17/2012 5:48:21 AM | Location : United States

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