An uncertain pure linguistic approach on evaluation of enterprise integrity based on grey information

Abstract

Purpose

Currently, for the evaluation of enterprise credit, many specific values of indexes are difficult to obtain, so decision makers tend to give a form of uncertain linguistic variable. To solve this kind of problem, the purpose of this paper is to introduce an uncertain pure linguistic approach on evaluation of enterprise integrity based on grey information.

Design/methodology/approach

Initial uncertain linguistic variables given by experts are transferred into interval grey numbers, and their greyness of degree is computed. Then, the greyness of degree is applied to adjust the weights of experts. Moreover, the core of each interval grey number is calculated, and through giving the positive ideal point and negative ideal point, which are binary numbers, the comprehensive grey relational grade between the linguistic number and the two points is calculated, respectively, as well to get the ranking result of projects by considering both core and greyness of degree.

Findings

The model is applied to a case, and the result verifies the validity and practicability of the model which reveals high effectiveness.

Practical implications

This model provides a new feasible method in a growing number of fuzzy evaluation schemes in the fields of enterprise integrity and contributes to getting better and more accurate results.

Originality/value

In this paper, the greyness of degree is introduced to the model to adjust the experts’ weights, and it reflects the thought of “making full use of the information” in grey system theory and further enriches the system of grey decision-making theory as well as expanding its application scope.

Citation

Ma, Z.Z. and Zhu, J. (2016), "An uncertain pure linguistic approach on evaluation of enterprise integrity based on grey information", Grey Systems: Theory and Application, Vol. 6 No. 3, pp. 353-364. https://doi.org/10.1108/GS-09-2015-0050