scholarly journals Impact Factor Dynamic Forecasting Model for Management Science Journals Based on Grey System Theory

2015 ◽  
Vol 03 (03) ◽  
pp. 22-25
Author(s):  
Xiao Dong ◽  
Shiqiang Zhang
Keyword(s):  
System Theory ◽  
Impact Factor ◽  
Management Science ◽  
Grey System Theory ◽  
Forecasting Model ◽  
Grey System ◽  
Dynamic Forecasting

Study on the second grey relational grade and its properties

Kybernetes ◽  
2010 ◽  
Vol 39 (8) ◽  
pp. 1330-1335 ◽  
Author(s):  
Yan Ma
Keyword(s):  
System Theory ◽  
Design Methodology ◽  
Grey System Theory ◽  
Forecasting Model ◽  
Grey System ◽  
Content Type ◽  
Grey Forecasting ◽  
Grey Relational Grade ◽  
Grey Relational ◽  
Practical Implications

PurposeThe purpose of this paper is to propose a second relational grade based on the general grey relational grade and analyze several of its properties.Design/methodology/approachGrey system theory. The paper proposes and studies second grey relational grade, establishes second grey relational formula, and studies several characteristics of second grey relational formula.FindingsProposing a second relational grade proved it could solve the problem of the parallelism partly and weaken relativity of space position.Research limitations/implicationsUntil now, the problem of the consistency could not be solved, nor could the problem of the effect which keeps the sequence the same.Practical implicationsThe precision of the grey forecasting model could be strengthened if used in the forecasting model.Originality/valueThe general relational grade only thinks over the relation between two sequences but does not involve the relation in one sequence. The second relational grade considers these two, so if the forecasting model is established with it, the model should be more exact.

Research of Accidents due to Human Factor in Coal Mine Based on GM Model

2015 ◽  
Vol 1092-1093 ◽  
pp. 692-695 ◽  
Author(s):  
Shang Quan Ma ◽  
Jing Fu
Keyword(s):  
System Theory ◽  
Incomplete Information ◽  
Coal Mine ◽  
Human Factor ◽  
Grey System Theory ◽  
Forecasting Model ◽  
Grey System ◽  
Forecasting Models ◽  
Grey Forecasting ◽  
Development Tendency

Grey forecast can master the developing law of system through dealing with incomplete information of system at present. On the basis of actual data of Feng Feng Coal Mine, the grey forecasting model for coal mine accidents due to human factor in Feng Feng by using the grey system theory in this paper, it is shown that models which are built have good precisions. Safety and production of Feng Feng Coal Mine are forecasted by using grey forecasting models which are built. The results show that the forecasting models will help coal mines to forecast accidents due to human factor next year and generally tally with development tendency of Feng Feng Coal Mine.

Prediction of Technical Reserves Based on Grey Model — GM(1,1): Evidence from Non-life Egyptian Insurance Market

2019 ◽  
Vol 10 (9) ◽  
pp. 852-860
Author(s):  
Mahmoud Elsayed ◽  
◽  
Amr Soliman ◽  
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
Insurance Market ◽  
Grey Model ◽  
Loss Ratio ◽  
Grey System ◽  
Mathematical Technique ◽  
Supervisory Authority ◽  
Error Ratio ◽  
Using Data

Grey system theory is a mathematical technique used to predict data with known and unknown characteristics. The aim of our research is to forecast the future amount of technical reserves (outstanding claims reserve, loss ratio fluctuations reserve and unearned premiums reserve) up to 2029/2030. This study applies the Grey Model GM(1,1) using data obtained from the Egyptian Financial Supervisory Authority (EFSA) over the period from 2005/2006 to 2015/2016 for non-life Egyptian insurance market. We found that the predicted amounts of outstanding claims reserve and loss ratio fluctuations reserve are highly significant than the unearned premiums reserve according to the value of Posterior Error Ratio (PER).

Application of Grey System Theory to tree growth prediction

2000 ◽  
Vol 11 (1) ◽  
pp. 34-36 ◽  
Author(s):  
Wang Jing ◽  
Hou Yuesong ◽  
Li Weilin ◽  
Cheng Wenhui
Keyword(s):  
System Theory ◽  
Tree Growth ◽  
Grey System Theory ◽  
Grey System ◽  
Growth Prediction

Grey-based model for forecasting Mauritius international tourism from different regions

2017 ◽  
Vol 7 (2) ◽  
pp. 259-271 ◽  
Author(s):  
Medha Pirthee
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
International Tourism ◽  
Grey System ◽  
Private Companies ◽  
Content Type ◽  
System Models ◽  
Economic Decision Making ◽  
Tourism Sector ◽  
The Government

Purpose The purpose of this paper is to understand the trend and forecast the number of tourists from different regions of the world to Mauritius. Design/methodology/approach The paper adopts two grey system models, the even model GM(1,1) and the non-homogeneous discrete grey model (NDGM), to forecast the total number of international tourism to Mauritius and its structure from different regions tourist arrivals to Mauritius for the next three years. Grey system theory models were used to account for uncertainties and the dynamism of the tourism sector environment. The two models were applied as a comparison to obtain more reliable forecasting figures. Findings The results demonstrate that both of the grey system models can be successfully applied with high accuracy for Mauritian tourism prediction, and also the number of tourist arrivals to Mauritius shows a continued augmentation for the upcoming years. Practical implications Forecasting is meaningful since the Government of Mauritius, private companies or any concerned authority can adopt the forecasting methods exposed in this paper for the development of the tourism sector through managerial and economic decision making. Originality/value Mauritius is a charming travel destination. Through this paper, it can be seen that future tourism travel to Mauritius has been successfully predicted based on previous data. Moreover, it seems that the grey system theory models have not been utilised yet as forecasting tools for the tourism sector of Mauritius as opposed to other countries such as China and Taiwan.

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