A comparative study of three forms of entropy on trade values between Korea and four countries

Wood, Jacob, and Jang, Lee-Chae (2021) A comparative study of three forms of entropy on trade values between Korea and four countries. Journal of Computational Analysis and Applications, 9 (1). pp. 23-33.

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Abstract

Recently Wood-Jang studied some applications of the Choquet integral in the trading relationship that Korea shares with selected trading partners. In this study, we consider the fuzzy entropy and the Shannon entropy, in addition we also define the Choquet entropy on a fuzzy set and develop four fuzzy sets which are related to that of the Choquet expected utility CEU(u(a)) for the trade values of utility u from an actaon S. Using this data set, we calculate three forms of entropy on four fuzzy sets as in the Choquet expcetes utility for the trade values that exist between Korea and four trading partner countries. Furthermore, we provide comparisons with three forms of entropy on four fuzzy sets which are representative of the four trading partner countries analyzed in this study.

Item ID: 60723
Item Type: Article (Research - C1)
ISSN: 1572-9206
Copyright Information: (C) 2021 EUDOXUS PRESS, LLC
Date Deposited: 07 Nov 2019 02:31
FoR Codes: 49 MATHEMATICAL SCIENCES > 4901 Applied mathematics > 490106 Financial mathematics @ 50%
38 ECONOMICS > 3803 Economic theory > 380303 Mathematical economics @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 100%
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