Work

Grey convex relational degree and its application to evaluate regional economic sustainability

Year: 2012

Type: article

Abstract: Grey relational degree analysis has been successfully adopted in various fields, but the existing grey relational analysis methods cannot deal with the three-dimensional panel data. In this paper, based on the grey convex relational degree for two-dimensional data and an approximation of the Hessian matrix for a discrete sequence, we propose a novel Grey convex Relational degree for the three-dimensional Panel Data (GRPD), which uses the similar characteristic of convexity among relevant factors to measure relational degree. An example of evaluation sustainable development is given to illustrate that the GRPD can more fully reflect the correlation degree among relevant factors.

Source: Scientia Iranica

DOI: 10.1016/j.scient.2012.11.002

Authors: L.F. Wu, S.F. Liu, L.G. Yao, S.L. Yan

Institutions: Nanjing University of Aeronautics and Astronautics, Hebei University of Engineering

Language: English

Topic: Grey System Theory Applications

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond