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Review of Matrix Theory with Applications in Education and Decision Sciences

Author

Listed:
  • Nguyen Huu Hau

    (Department of Training Management, Hong Duc University, Thanh Hoa City, Vietnam)

  • Tran Trung Tinh

    (National Academy of Education Management, Hanoi City, Vietnam)

  • Hoa Anh Tuong

    (Department of Applied-Mathematics, Sai Gon University, Ho Chi Minh City, Vietnam)

  • Wing-Keung Wong

    (Department of Finance, Fintech Center, Big Data Research Center, Asia University, Taiwan)

Abstract

Matrix theory plays a very important role in teaching Mathematics and solving mathematical problems. Studying the theory of matrix can help academics, practitioners, and students solve many problems in Engineering, Econometrics, Finance, Economics, Optimization, Decision Sciences, and many other areas. To review the matrix theory with applications, in this paper we first review the theory of matrix. We then discuss how to build up some mathematical, financial, economic, and statistical models by using matrix theory and discuss the applications by using the theory of matrix in Decision Sciences and other related areas like Mathematics, Economics, Finance, Statistics, and Education with real-life examples.

Suggested Citation

  • Nguyen Huu Hau & Tran Trung Tinh & Hoa Anh Tuong & Wing-Keung Wong, 2020. "Review of Matrix Theory with Applications in Education and Decision Sciences," Advances in Decision Sciences, Asia University, Taiwan, vol. 24(1), pages 28-69, March.
    • Handle: RePEc:aag:wpaper:v:24:y:2020:i:1:p:28-69
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    More about this item

    Keywords

    Matrix; Decision Sciences; Education and Reality;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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