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Abstract

Details

Grey Systems: Theory and Application, vol. 13 no. 3
Type: Research Article
ISSN: 2043-9377

Article
Publication date: 11 January 2024

Sifeng Liu, Ningning Lu, Zhongju Shang and R.M. Kapila Tharanga Rathnayaka

The purpose of this paper is to explore a new approach to solve the problem of positive and negative offset in the calculation process of integral elements, then propose a series…

Abstract

Purpose

The purpose of this paper is to explore a new approach to solve the problem of positive and negative offset in the calculation process of integral elements, then propose a series of new grey relational degree model for cross sequences.

Design/methodology/approach

The definitions of cross sequences and area elements have been proposed at first. Then the concept of difference degree between sequences has been put forward. Based on the definition of difference degree between sequences, various modified grey relational degree models for cross sequences have been proposed to solve the measurement problem of cross sequence correlation relationships.

Findings

(1) The new definition of cross sequences; (2) The area element; (3) Various modified grey relational degree models for cross sequences based on the definition of difference degree between sequences.

Practical implications

The grey relational analysis model of cross sequences is a difficult problem in grey relational analysis. The new model proposed in this article can effectively avoid the calculation deviation of grey relational analysis model for cross sequences, and reasonably measure the correlation between cross sequences. The new model was used to analyse the food consumer price index in Shaanxi Province, clarifying the relationship between different types of food consumer price indices, some interesting results that are not completely consistent with general economic theory were obtained.

Originality/value

The new definition of cross sequences, the area element and various modified grey relational degree models for cross sequences were proposed.

Details

Grey Systems: Theory and Application, vol. 14 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 27 April 2023

Weiliang Zhang, Sifeng Liu, Lianyi Liu, R.M. Kapila Tharanga Rathnayaka, Naiming Xie and Junliang Du

China's population aging is gradually deepening and needs to be actively addressed. The purpose of this paper is to construct a novel model for analyzing the population aging.

Abstract

Purpose

China's population aging is gradually deepening and needs to be actively addressed. The purpose of this paper is to construct a novel model for analyzing the population aging.

Design/methodology/approach

To analyze the aging status of a region, this study has considered three major indicators: total population, aged population and the proportion of the aged population. Additionally, the authors have developed a novel grey population prediction model that incorporates the fractional-order accumulation operator and Gompertz model (GM). By combining these techniques, the authors' model provides a comprehensive and accurate prediction of population aging trends in Jiangsu Province. This research methodology has the potential to contribute to the development of effective policy solutions to address the challenges posed by the population aging.

Findings

The fractional-order discrete grey GM is suitable for predicting the aging population and has good performance. The population aging of Jiangsu Province will continue to deepen in the next few years.

Practical implications

The proposed model can be used to predict and analyze aging differences in Jiangsu Province. Based on the prediction and analysis results, identified some corresponding countermeasures are suggested to address the challenges of Jiangsu's future aging problem.

Originality/value

The fractional-order discrete grey GM is firstly proposed in this paper and this model is a novel grey population prediction model with good performance.

Details

Grey Systems: Theory and Application, vol. 13 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 22 September 2023

Weiliang Zhang, Sifeng Liu, Junliang Du, Liangyan Tao and Wenjie Dong

The purpose of this study is to advance a novel evaluation index system and evaluation approach for ability of older adults in China.

Abstract

Purpose

The purpose of this study is to advance a novel evaluation index system and evaluation approach for ability of older adults in China.

Design/methodology/approach

This study constructed a comprehensive older adult ability evaluation index system with 4 primary indicators and 17 secondary indicators. Grey clustering analysis and entropy weight method are combined into a robust evaluation model for the ability of older adults.

Findings

The result demonstrates that the proposed grey clustering model is readily available to calculate the disability level of elderly individuals. The constructed index system more comprehensively considers all aspects of the disability of the elderly.

Originality/value

This study provides a quantitative method and a more reasonable index system for the determination of the disability level of the elderly.

Details

Journal of Modelling in Management, vol. 19 no. 3
Type: Research Article
ISSN: 1746-5664

Keywords

Abstract

Details

Grey Systems: Theory and Application, vol. 13 no. 3
Type: Research Article
ISSN: 2043-9377

Article
Publication date: 2 August 2022

Shaoguang Zhang, Sifeng Liu, Zhigeng Fang, Qin Zhang and Jingru Zhang

Financial performance has been paid attention at an unprecedented level, which can be confirmed as a fact that the quantitative expansion of financial performance evaluation work…

3681

Abstract

Purpose

Financial performance has been paid attention at an unprecedented level, which can be confirmed as a fact that the quantitative expansion of financial performance evaluation work. The purpose of this study is to propose a more appropriate model for financial performance evaluation under the unbalanced development.

Design/methodology/approach

This paper introduces the differentiation criteria to eliminate the deviation caused by the same principle for multiple performance evaluation objects whose development are unbalanced; Then the generalized grey number is adopted to describe the value of performance evaluation index; and the information entropy weight is used to obtain the index weight to reduce the artificial judgment error; Finally, the generalized grey information entropy weight TOPSIS evaluation model is constructed.

Findings

Empirical research shows that in the new evaluation model, the differentiated possibility function effectively eliminates the deviation caused by the same principle, the application of information entropy weight reduces the human judgment error, and the value of generalized grey number further enhances the closeness of the results. Moreover, it is also found that in different scenarios, an adaptive performance evaluation model should be selected to match scientifically reasonable results.

Originality/value

The proposed model offers a solution for financial performance evaluation considering unbalanced development among cities. It can be realized by determining the differentiation possibility function matrix, and then the information entropy weight TOPSIS evaluation model can be constructed. This model reflects the actual situation, improves the performance evaluation accuracy, and can be used under similar conditions.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 23 October 2023

Camelia Delcea, Saad Ahmed Javed, Margareta-Stela Florescu, Corina Ioanas and Liviu-Adrian Cotfas

The Grey System Theory (GST) is an emerging area of research within artificial intelligence. Since its founding in 1982, it has seen a lot of multidisciplinary applications. In…

Abstract

Purpose

The Grey System Theory (GST) is an emerging area of research within artificial intelligence. Since its founding in 1982, it has seen a lot of multidisciplinary applications. In just a short period, it has garnered some considerable strengths. Based on the 1987–2021 data collected from the Web of Science (WoS), the current study reports the advancement of the GST.

Design/methodology/approach

Research papers utilizing the GST in the fields of economics and education were retrieved from the Web of Science (WoS) platform using a set of predetermined keywords. In the final stage of the process, the papers that underwent analysis were manually chosen, with selection criteria based on the information presented in the titles and abstracts.

Findings

The study identifies prominent authors, institutions, publications and journals closely associated with the subject. In terms of authors, two major clusters are identified around Liu SF and Wang ZX, while the institution with the highest number of publications is Nanjing University of Aeronautics and Astronautics. Moreover, significant keywords, trends and research directions have been extracted and analyzed. Additionally, the study highlights the regions where the theory holds substantial influence.

Research limitations/implications

The study is subject to certain limitations stemming from factors such as the language employed in the chosen literature, the papers included within the Web of Science (WoS) database, the designation of works categorized as “articles” in the database, the specific selection of keywords and keyword combinations, and the meticulous manual process employed for paper selection. While the manual selection process itself is not inherently limiting, it demands a greater investment of time and meticulous attention, contributing to the overall limitations of the study.

Practical implications

The significance of the study extends not only to scholars and practitioners but also to readers who observe the development of emerging scientific disciplines.

Originality/value

The analysis of trends revealed a growing emphasis on the application of GST in diverse domains, including supply chain management, manufacturing and economic development. Notably, the emergence of COVID-19 as a new research focal point among GST scholars is evident. The heightened interest in COVID-19 can be attributed to its global impact across various academic disciplines. However, it is improbable that this interest will persist in the long term, as the pandemic is gradually brought under control.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 15 May 2023

Li Li and Xican Li

In order to make full use of the generalized greyness of interval grey number, this paper analyzes the properties and its applications of generalized greyness.

Abstract

Purpose

In order to make full use of the generalized greyness of interval grey number, this paper analyzes the properties and its applications of generalized greyness.

Design/methodology/approach

Firstly, the static properties of generalized greyness in bounded background domain, infinite background domain and infinitesimal background domain are analyzed. Then, this paper gives the dynamic properties of generalized greyness in bounded background domain, infinite background domain and infinitesimal background domain and explains the dialectical principle contained in it. Finally, the generalized greyness is used to judge the effectiveness of interval grey number transformation.

Findings

The results show that the generalized greyness of interval grey number has relativity, normativity, unity, eternity and conservation. The static and dynamic properties of generalized greyness are the same in the infinite and infinitesimal background domain, while they are different in the bounded background domain. The generalized greyness can be used as an index to judge whether the grey number transformation is greyness or information preservation.

Practical implications

The research shows that the generalized greyness can be used as an index to judge the validity of the grey number transformation and also can be applied in grey evaluation, grey decision-making and grey prediction and so on.

Originality/value

The paper succeeds in realizing the mathematical principle of “white is black”, the “greyness clock-slow effect” of the value domain of interval grey number and the generalized greyness conservation principle, which provides a theoretical basis for the rational use of generalized greyness of interval grey number.

Details

Grey Systems: Theory and Application, vol. 13 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 16 May 2024

R.M. Kapila Tharanga Rathnayaka and D.M.K.N. Seneviratna

The global population has been experiencing an unprecedentedly rapid demographic transition as the populations have been growing older in many countries during the current…

Abstract

Purpose

The global population has been experiencing an unprecedentedly rapid demographic transition as the populations have been growing older in many countries during the current decades. The purpose of this study is to introduce a Grey Exponential Smoothing model (GESM)-based mechanism for analyzing population aging.

Design/methodology/approach

To analyze the aging population of Sri Lanka, initially, three major indicators were considered, i.e. total population, aged population and proportion of the aged population to reflect the aging status of a country. Based on the latest development of computational intelligence with Grey techniques, this study aims to develop a new analytical model for the analysis of the challenge of disabled and frail older people in an aging society.

Findings

The results suggested that a well-defined exponential trend has been seen for the population ages 65 and above, a total of a million) during 1960–2022; especially, the aging population ages 65 and above has been rising rapidly since 2008. This will increase to 24.8% in 2040 and represents the third highest percentage of elderly citizens living in an Asian country. By 2041, one in every four Sri Lankans is expected to be elderly.

Originality/value

The study proposed a GESM-based mechanism for analyzing the population aging in Sri Lanka based on the data from 1960 to 2022 and forecast the aging demands in the next five years from 2024 to 2028.

Details

Grey Systems: Theory and Application, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 27 May 2024

Li Li and Xican Li

In order to solve the decision-making problem that the attributive weight and attributive value are both interval grey numbers, this paper tries to construct a multi-attribute…

Abstract

Purpose

In order to solve the decision-making problem that the attributive weight and attributive value are both interval grey numbers, this paper tries to construct a multi-attribute grey decision-making model based on generalized greyness of interval grey number.

Design/methodology/approach

Firstly, according to the nature of the generalized gresness of interval grey number, the generalized weighted greyness distance between interval grey numbers is given, and the transformation relationship between greyness distance and real number distance is analyzed. Then according to the objective function that the square sum of generalized weighted greyness distances from the decision scheme to the best scheme and the worst scheme is the minimum, a multi-attribute grey decision-making model is constructed, and the simplified form of the model is given. Finally, the grey decision-making model proposed in this paper is applied to the evaluation of technological innovation capability of 6 provinces in China to verify the effectiveness of the model.

Findings

The results show that the grey decision-making model proposed in this paper has a strict mathematical foundation, clear physical meaning, simple calculation and easy programming. The application example shows that the grey decision model in this paper is feasible and effective. The research results not only enrich the grey system theory, but also provide a new way for the decision-making problem that the attributive weights and attributive values are interval grey numbers.

Practical implications

The decision-making model proposed in this paper does not need to seek the optimal solution of the attributive weight and the attributive value, and can save the decision-making labor and capital investment. The model in this paper is also suitable for the decision-making problem that deals with the coexistence of interval grey numbers and real numbers.

Originality/value

The paper succeeds in realizing the multi-attribute grey decision-making model based on generalized gresness and its simplified forms, which provide a new method for grey decision analysis.

Details

Grey Systems: Theory and Application, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-9377

Keywords

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