We propose a novel approach to improve prediction accuracy of grey power models including GM(1,1) and grey Verhulst model through optimization of the initial condition and model parameters in this paper. And we propose a modified grey Verhulst model. The new initial condition consists of the first item and the last item of a sequence generated from applying the first-order accumulative generati...

This paper presents a better prediction model by the integration of neural network technique and grey theory for the stock index. In this paper, the grey theory applied include grey forecast model and grey relationship analysis. A GM(l, l) grey forecast model was applied to predict the next day’s stock index. Grey relationship analysis was used to filter the most important quantitative technica...

Supplier selection in supply chain is critical strategic decision for organization’s success and has attracted much attention of both academic researchers and practitioners. Supplier selection problem consists of stochastic and recognitive uncertainties. However, the requirement of large sample size and strong subject knowledge to build suitable fuzzy membership function restrict the applicabil...

Grey systems and interval valued fuzzy sets appear to be similar concepts. This abstract provides a brief introduction to grey systems and compares them to interval valued fuzzy sets. We argue that grey system is similar to an interval fuzzy set, but has different properties. Grey systems focus on the interval range of the system property itself, but interval fuzzy sets consider the fuzzy membe...

Recently, Fuzzy Grey Cognitive Map (FGCM) has been proposed as a FCM extension. It is based on Grey System Theory, that it is focused on solving problems with high uncertainty, under discrete incomplete and small data sets. The FGCM nodes are variables, representing grey concepts. The relationships between nodes are represented by directed edges. An edge linking two nodes models the grey causal...

Grey theory was proposed by Prof. Deng [1] for more than 30 years. It has been successfully applied in many academic fields, such as electrical engineering, education, mechanical engineering, agriculture, high-tech sectors and so on [2-8]. Grey theory is famous for easy calculation and satisfactory result. Comparing to other methods, grey theory need only as few as four data could be modeled to...

This paper designs evaluation method based on the grey theory which aims at evaluate the usage of Wireless Sensor Networks in rail traffic. With the features of the facts that: The requested data sizes for assessment via grey theory method are not big, distribution rules of the data samples are not obliged ,and the evaluation workload is small , we use grey theory to verify each index mark in c...

In this paper, grey system theory and DEA are combined to establish a grey DEA model. In traditional DEA model, Input and output values of decision-making groups are all real numbers and real variables. They are replaced by grey numbers and grey variables in grey DEA model respectively. Using positioning solution method of grey linear programming, we prove the necessary condition for grey effec...