DocumentCode :
2786082
Title :
The Evaluation System of the Social Development Risk Based on the Factor Analysis and Monte Carlo Simulation
Author :
Liu, Wei ; Yuan, Mujin ; Zhou, Hong
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ. Wuhan, Wuhan, China
Volume :
4
fYear :
2011
fDate :
24-25 Sept. 2011
Firstpage :
194
Lastpage :
196
Abstract :
In order to evaluate the social development risk in the process of reformation and social transformation, a scientific, rigorous and feasible model is used in this paper. By using factor analysis and Monte Carlo simulation, we set an evaluation model according to the inherent composition of the social risk based on the present risk and the basic situation in the key period of social system transformation in our country. Through principal component analysis, we can get the score of social risk index, so that we can classify the stage of social risk. Through the evaluation model test, we can get some reliable indexes which reflect the true social risks system. The comprehensive evaluation method provides an operational way for government management and decision-making, while also providing a reference model for social risk warning research.
Keywords :
Monte Carlo methods; risk management; socio-economic effects; Monte Carlo simulation; decision making; evaluation system; factor analysis; government management; principal component analysis; reference model; social development risk; social risk index; social risk warning research; social system transformation; social transformation; Computational modeling; Educational institutions; Indexes; Monte Carlo methods; Predictive models; Principal component analysis; Reliability; Evaluation index system; Factor analysis; Monte Carlo simulation; Social development risk;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Information Technology, Computer Engineering and Management Sciences (ICM), 2011 International Conference on
Conference_Location :
Nanjing, Jiangsu
Print_ISBN :
978-1-4577-1419-1
Type :
conf
DOI :
10.1109/ICM.2011.48
Filename :
6113725
Link To Document :
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