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A data analysis to determine the degree of impact of factors on the sustainable development of the mineral resources sector enterprises: The entropy method

Vol. 18, Iss. 6, JUNE 2022

Received: 28 February 2022

Received in revised form: 18 April 2022

Accepted: 10 May 2022

Available online: 15 June 2022

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: O13, Q52

Pages: 1188–1200

https://doi.org/10.24891/ni.18.6.1188

Viktor M. ZAERNYUK Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
zvm4651@mail.ru

https://orcid.org/0000-0003-3669-0907

Chang CHI Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
282694629@qq.com

https://orcid.org/0000-0002-7149-8323

Subject. This article deals with the issues of sustainable development of the mineral resources sector of the Russian Federation.
Objectives. The article aims to select a method for assessing the impact of various factors on the economic performance of enterprises of the mineral resources sector.
Methods. For the study, we used the mathematical analysis.
Results. The article finds that the method of entropic weight makes it possible to objectively weigh the various factors affecting the effective feature.
Conclusions. The method of entropic weight is optimal for assessing the economic efficiency of the development of mineral deposits.

Keywords: mineral resources, econometric model, economic efficiency, raw data normalization

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