USA, RRC

A challenging problem on regional economic planning, with the goals of (1) establishing individual but cooperative development plans, (2) optimizing the region's economic revenue, and (3) deriving a practical implementation plan, is presented. Due to the availability of very small samples, we will first develop a theoretic foundation, named grey systems theory, with emphasis put on several evaluation methods, decision-making methods, and various programming techniques. At the end of our study, we will present the relevant analytical studies of the challenging regional planning problem. In this paper, which is the second portion of our two-part study, we will start with the development of various new programming techniques, and end with the analytical studies of the challenging problem described at the beginning of our study.