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Taxonomical analysis of regional development by outranking relations on multiple principal components

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Abstract

This paper proposes a method of ranking the elements of a set of objects by multi-criteria analysis on multiple principal components derived from a multiple variable dataset pertaining to the objects. Concordance-discordance method of outranking and derivation of preference relations has been suggested as a technique of multi-criteria decision-making. The method has been illustrated by conducting the taxonomical analysis of regions according to their level of development.

Suggested Citation

  • Mishra, SK, 1984. "Taxonomical analysis of regional development by outranking relations on multiple principal components," MPRA Paper 8989, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8989
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    File URL: https://mpra.ub.uni-muenchen.de/8989/1/MPRA_paper_8989.pdf
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    Cited by:

    1. Mishra, SK, 2012. "A comparative study of trends in globalization using different synthetic indicators," MPRA Paper 38028, University Library of Munich, Germany.
    2. Mishra, SK, 2008. "On construction of robust composite indices by linear aggregation," MPRA Paper 9232, University Library of Munich, Germany.

    More about this item

    Keywords

    Taxonomical analysis; levels of regional development; principal components analysis; multi-criteria decision-making; concordance analysis; outranking relations; Bihar;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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