Grey Systems: Theory and Application: Volume 6 Issue 1

New progress of Grey System Theory in the new millennium

Sifeng Liu, Yingjie Yang, Naiming Xie, Jeffrey Forrest

The purpose of this paper is to summarize the progress in grey system research during 2000-2015, so as to present some important new concepts, models, methods and a new framework…

Using fractional GM(1,1) model to predict the life of complex equipment

Lifeng Wu

– The purpose of this paper is to improve performance for predicting the life spans of complex equipment systems.

The study on key influencing factors of mergers and acquisitions performance based on China state-owned listed enterprises

Xi Zhao, Haitao Qu, Yimin Huang

The purpose of this paper is to analyze the key influencing factors which affect the performance of M & A and the key influencing factors by establishing grey relational…

Similarity measures for diagnostic symptom evolution

Maciej Tabaszewski, Czeslaw Cempel

The observed diagnostic symptoms are often characterized by local fluctuations of their values. Hence, instead of direct observation of symptoms it is worth observing their grey…

Multi-stage group risk decision making with grey numbers based on grey target and prospect theory

Shuli Yan, Sifeng Liu

With respect to multi-stage group risk decision-making problems in which all the attribute values take the form of grey number, and the weights of stages and decision makers are…

Study on fractional order grey reducing generation operator

Wei Meng, Qian Li, Bo Zeng

The purpose of this paper is to derive the analytical expression of fractional order reducing generation operator (or inverse accumulating generating operation) and study its…

An investigation of the influence of managerial factors on industrial accidents in the construction industry using the gray FTA method

Manouchehr Omidvari, Seyyed Morteza Abootorabi, Hossein Mehrno

The statistical report published by the Iranian Social Security Organization in 2012 showed that, of all industries, the construction industry is associated with the highest…

Key indexes choosing approach of complex equipment’s development cost based on grey incidence cluster model

Naiming Xie, Chuanzhen Hu, Songming Yin

The purpose of this paper is to establish a combined model for selecting key indexes of complex equipment, and then improve the cost forecasting precision of the model. The…