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Review of Matrix Theory with Applications in Education and Decision Sciences

Nguyen Huu Hau, Tran Trung Tinh, Hoa Anh Tuong and Wing-Keung Wong ()
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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

International Association of Decision Sciences, 2020, vol. 24, issue 1, 28-69

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.

Keywords: Matrix; Decision Sciences; Education and Reality (search for similar items in EconPapers)
JEL-codes: A11 G02 G30 O35 (search for similar items in EconPapers)
Date: 2020
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