CRITIC Method and Grey System Theory in the Study of Global Electric Cars
Publication Year: 2020
Author(s): Nguyen TKL, Le HN, Ngo VH, Hoang BA
Abstract:
Climate change is having impact on our environment, thus experts all over the world are researching a variety of smart devices and technologies to help reduce air and environmental pollution Science and technology development is a crucial for the elimination of air pollutants. The purpose of this study is to present an overview of electric car sales and its market share in 14 countries, from past to future, by integrating important criteria through the inter-criteria correlation (CRITIC) method in multi-criteria decision-making (MCDM), grey model first-order one variables (GM(1,1)), and grey relation analysis (GRA) method in grey system theory. First, the GM(1,1) estimates future terms based on historical time-series. Second, the objective weights of each variable, in every year, are determined by the CRITIC method. Finally, the research uses the GRA method for computing grades and ranks. The empirical result then reveals the performance and rank of electric car sales during the time period of 2016–2023. The analysis results thus reveal market share picture and direction of growth in the electric car industry.
Source of Publication: World Electric Vehicle Journal
Vol/Issue: 11,79: 1-15p.
DOI No.: 10.3390/wevj11040079
Publisher/Organisation: MDPI
Rights: Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/)
URL:
https://www.mdpi.com/2032-6653/11/4/79/pdf
Theme: Research and Development | Subtheme: Soft research/Academic Research
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