The grey input‐occupancy‐output analysis

Abstract

Purpose

The purpose of this paper is to propose the input‐occupancy‐output analysis for grey situations and to manage the economic systems with missing information. The situation is realistic in practice.

Design/methodology/approach

During the decision‐making process of an economic system, the managers often get some uncertain data for the missing information. Then, it becomes difficult to analyze the complex system by using the input‐occupancy‐output analysis. Since the uncertain data are grey numbers, the decision maker can control it by using grey system theory and the input‐occupancy‐output analysis.

Findings

Get the grey direct consumption and occupancy coefficient matrices and the computational formulas of their matrix‐covered sets. The grey model of input‐occupancy‐output analysis and its covered solution are also obtained.

Research limitations/implications

The chaos of the grey statistic data should satisfy a level of accuracy and it is key to get the number‐covered set that the true data belongs to.

Practical implications

A feasible approach to control the economic system that the accurate data are difficult to be obtained.

Originality/value

Give a new approach to study an economic system by using grey system theory.

Citation

Li, Q. and Liu, S. (2009), "The grey input‐occupancy‐output analysis", Kybernetes, Vol. 38 No. 3/4, pp. 306-313. https://doi.org/10.1108/03684920910943985

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