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Academic Journal of Business & Management, 2024, 6(4); doi: 10.25236/AJBM.2024.060437.

Study on Entropy Weighting Method of Quantitative Evaluation of Energy Security: The Case of Latin America


Lijuan Wu

Corresponding Author:
Lijuan Wu

College of Science, Tianjin University of Commerce, Tianjin, China


To further grasp the energy security situation in Latin America and explore the main influencing factors. Based on the data of 525 energy evaluation indicators in Latin America, the global time-series principal component analysis combined with the entropy weight method is used to analyze the energy security situation in the region. The results of the study show that the energy security scores obtained from the 525 samples range from -0.012 to 0.61, indicating that there are significant differences between countries in terms of energy security. Upper-middle-income countries have a more stable energy security situation relative to high-income countries, while lower-middle-income countries need to take measures to improve their energy security situation. Energy use, energy intensity levels, and renewable energy output are the main influencing factors of energy security in the region. The research methodology is able to objectively assess the energy security score and reflect the energy security situation in Latin America. Finally, conclusions are summarized and recommendations are made with a view to informing the opportunities and challenges facing energy security in Latin America, as well as providing lessons for maintaining and focusing on energy security in our country.


Energy security, Quantitative evaluation, Global time-series principal component analysis, Entropy weight method, Latin America

Cite This Paper

Lijuan Wu. Study on Entropy Weighting Method of Quantitative Evaluation of Energy Security: The Case of Latin America. Academic Journal of Business & Management (2024) Vol. 6, Issue 4: 254-261. https://doi.org/10.25236/AJBM.2024.060437.


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