DocumentCode
3591235
Title
Application of Grey Relational Comprehensive Evaluation Method in Project Investment Decision
Author
Xinli, Wang
Author_Institution
Sch. of Econ. & Manage., North China Electr. Power Univ., Baoding, China
Volume
1
fYear
2010
Firstpage
128
Lastpage
131
Abstract
Whether enterprise project investment can success or not, the key is how to evaluate various programs. This paper based on grey relational analysis theory, according to relational degree formula calculates the grey relational degree of initial decision matrix with the optimal sequence and the worst separately. On this basis, building the project investment grey comprehensive decision model. Finally, according to grey relational comprehensive evaluation value, come to the final evaluation decision that the grey relational analysis method can compare with various investment programs better.
Keywords
decision making; decision theory; grey systems; investment; matrix algebra; enterprise project investment; grey relational analysis theory; grey relational comprehensive evaluation method; initial decision matrix; optimal sequence; project investment decision; Appraisal; Decision making; Investments; Mathematical model; Optimal control; Power engineering computing; Project management; Risk analysis; Risk management; Venture capital; correlation coefficient; decision model; grey relational comprehensive evaluation method;
fLanguage
English
Publisher
ieee
Conference_Titel
Computing, Control and Industrial Engineering (CCIE), 2010 International Conference on
Print_ISBN
978-0-7695-4026-9
Type
conf
DOI
10.1109/CCIE.2010.40
Filename
5492049
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