Study on combination of some methods to determinate the weight based on grey relational analysis

This paper presents a new comprehensive approach to determine the weight which is based on Grey Relational Analysis. Choosing the method which is the greatest correlation with other methods of weight determination as the benchmark and combining results of some methods effectively. Finally, this pape...

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Bibliographic Details
Published inThe 27th Chinese Control and Decision Conference (2015 CCDC) pp. 2220 - 2226
Main Authors Chen Peiyou, Wei Minghao
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.05.2015
Subjects
Correlation
Delphi method
Economic indicators
Entropy
Entropy method
Grey Relational Analysis
Industries
Principal component analysis
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Summary:This paper presents a new comprehensive approach to determine the weight which is based on Grey Relational Analysis. Choosing the method which is the greatest correlation with other methods of weight determination as the benchmark and combining results of some methods effectively. Finally, this paper evaluates economic standards of 7 provinces in China correctly by the combination of Delphi method, Entropy method and Principal Component Analysis.
ISSN:1948-9439
1948-9447
DOI:10.1109/CCDC.2015.7162290