Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach
The purpose of this research was to establish the urban competitiveness index (UCI) by using the statistical optimization method for the econophysics approach. With this technique, economic data regarding urban areas and the factors affecting UCI have been determined. The research covers 30 urban ce...
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| Format: | Article |
| Language: | English |
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Wiley
2019-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2019/4053970 |
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| author | Cem Çağrı Dönmez Abdulkadir Atalan |
| author_facet | Cem Çağrı Dönmez Abdulkadir Atalan |
| author_sort | Cem Çağrı Dönmez |
| collection | DOAJ |
| description | The purpose of this research was to establish the urban competitiveness index (UCI) by using the statistical optimization method for the econophysics approach. With this technique, economic data regarding urban areas and the factors affecting UCI have been determined. The research covers 30 urban centres located in 15 countries worldwide. Urban centres with the gross domestic product per capita of $10,000 or more were taken into consideration. The significant levels of the factors were determined with the statistical optimization method, and optimum values were calculated with the developed optimization models. Re-index values were calculated and compared with the results of PricewaterhouseCoopers and World Economic Forum. According to the results, the high UCI value of these locations depends not only on economic data but also on high values of social factors. Thus, those locations are becoming the centre of attraction for investments and capital with increasing competitiveness. |
| format | Article |
| id | doaj-art-33b95c2847284c03b2e7ea2932dd1c5c |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2019-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-33b95c2847284c03b2e7ea2932dd1c5c2025-02-03T01:21:33ZengWileyComplexity1076-27871099-05262019-01-01201910.1155/2019/40539704053970Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics ApproachCem Çağrı Dönmez0Abdulkadir Atalan1Department of Industrial Engineering, Marmara University, Istanbul, TurkeyDepartment of Industrial Engineering, Marmara University, Istanbul, TurkeyThe purpose of this research was to establish the urban competitiveness index (UCI) by using the statistical optimization method for the econophysics approach. With this technique, economic data regarding urban areas and the factors affecting UCI have been determined. The research covers 30 urban centres located in 15 countries worldwide. Urban centres with the gross domestic product per capita of $10,000 or more were taken into consideration. The significant levels of the factors were determined with the statistical optimization method, and optimum values were calculated with the developed optimization models. Re-index values were calculated and compared with the results of PricewaterhouseCoopers and World Economic Forum. According to the results, the high UCI value of these locations depends not only on economic data but also on high values of social factors. Thus, those locations are becoming the centre of attraction for investments and capital with increasing competitiveness.http://dx.doi.org/10.1155/2019/4053970 |
| spellingShingle | Cem Çağrı Dönmez Abdulkadir Atalan Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach Complexity |
| title | Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach |
| title_full | Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach |
| title_fullStr | Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach |
| title_full_unstemmed | Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach |
| title_short | Developing Statistical Optimization Models for Urban Competitiveness Index: Under the Boundaries of Econophysics Approach |
| title_sort | developing statistical optimization models for urban competitiveness index under the boundaries of econophysics approach |
| url | http://dx.doi.org/10.1155/2019/4053970 |
| work_keys_str_mv | AT cemcagrıdonmez developingstatisticaloptimizationmodelsforurbancompetitivenessindexundertheboundariesofeconophysicsapproach AT abdulkadiratalan developingstatisticaloptimizationmodelsforurbancompetitivenessindexundertheboundariesofeconophysicsapproach |