Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model

To study the impact of the medical Tourism Industry on regional economic performance, a Markov prediction method was proposed. An improved Markov chain combination forecasting method was established by analyzing the economy of healthcare tourism industry through Markov chain forecasting method and v...

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Main Authors: Wei Zhang, Zhaoxiang Qin, Jun Tang
Format: Article
Language:English
Published: Wiley 2022-01-01
Series:Journal of Mathematics
Online Access:http://dx.doi.org/10.1155/2022/6401796
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author Wei Zhang
Zhaoxiang Qin
Jun Tang
author_facet Wei Zhang
Zhaoxiang Qin
Jun Tang
author_sort Wei Zhang
collection DOAJ
description To study the impact of the medical Tourism Industry on regional economic performance, a Markov prediction method was proposed. An improved Markov chain combination forecasting method was established by analyzing the economy of healthcare tourism industry through Markov chain forecasting method and various processing methods for economic results of different years. The research results show that healthcare tourism industry service is a new and highly potential tourism product service. It can generate significant economic and social benefits. The value and market size of healthcare tourism industry is analyzed and studied by using Markov model to explore the complementary roles of Medical and Tourism, which helps to predict the development of market size and benefits. The model results are also analyzed and calculated. The benefits and scale of the development of the healthcare tourism industry are evaluated by combining the actual data situation and development conditions in each year.
format Article
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institution Kabale University
issn 2314-4785
language English
publishDate 2022-01-01
publisher Wiley
record_format Article
series Journal of Mathematics
spelling doaj-art-695999c0c6524fc8b1f097981b5747a22025-02-03T01:09:54ZengWileyJournal of Mathematics2314-47852022-01-01202210.1155/2022/6401796Economic Benefit Analysis of Medical Tourism Industry Based on Markov ModelWei Zhang0Zhaoxiang Qin1Jun Tang2College of Government ManagementCollege of TourismCollege of ScienceTo study the impact of the medical Tourism Industry on regional economic performance, a Markov prediction method was proposed. An improved Markov chain combination forecasting method was established by analyzing the economy of healthcare tourism industry through Markov chain forecasting method and various processing methods for economic results of different years. The research results show that healthcare tourism industry service is a new and highly potential tourism product service. It can generate significant economic and social benefits. The value and market size of healthcare tourism industry is analyzed and studied by using Markov model to explore the complementary roles of Medical and Tourism, which helps to predict the development of market size and benefits. The model results are also analyzed and calculated. The benefits and scale of the development of the healthcare tourism industry are evaluated by combining the actual data situation and development conditions in each year.http://dx.doi.org/10.1155/2022/6401796
spellingShingle Wei Zhang
Zhaoxiang Qin
Jun Tang
Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
Journal of Mathematics
title Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
title_full Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
title_fullStr Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
title_full_unstemmed Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
title_short Economic Benefit Analysis of Medical Tourism Industry Based on Markov Model
title_sort economic benefit analysis of medical tourism industry based on markov model
url http://dx.doi.org/10.1155/2022/6401796
work_keys_str_mv AT weizhang economicbenefitanalysisofmedicaltourismindustrybasedonmarkovmodel
AT zhaoxiangqin economicbenefitanalysisofmedicaltourismindustrybasedonmarkovmodel
AT juntang economicbenefitanalysisofmedicaltourismindustrybasedonmarkovmodel