Applying Grey Relational Analysis to Find Interactions between Manufacturing and Logistics Industries in Taiwan

Peng Jiang, Yi-Chung Hu and Ghi-Feng Yen

Advances in Management and Applied Economics, 2017, vol. 7, issue 3, 2

Abstract: The development of manufacturing and logistics industries is an important economic index and plays a significant role in developed countries. In Taiwan, both manufacturing and logistics industries have continuously developed in the past few decades, and their development has become interdependent. For instance, the transportation demand of manufacturing industries has an impact on the development of logistics industries. To effectively foster the development of these two sectors in Taiwan, it is necessary to identify the relationships between them. Grey relational analysis with an entropy calculation reveals some interesting findings. (1) The main manufacturing factor driving the logistics industry is employment compensation. (2) The main logistics factor driving the manufacturing sector is length of roads. (3) A fairly strong interaction exists between logistics and manufacturing industries.JEL classification numbers: C33, L60, L90Keywords: logistics, manufacturing, multiple criteria decision making, grey relational analysis, entropy.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.scienpress.com/Upload/AMAE%2fVol%207_3_2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spt:admaec:v:7:y:2017:i:3:f:7_3_2

Access Statistics for this article

More articles in Advances in Management and Applied Economics from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().