Grey Systems

Grey Systems

Author: Sifeng Liu

Publisher: Springer

Published: 2010-12-09

Total Pages: 391

ISBN-13: 3642161588

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Due to inherent limitations in human sensing organs, most data collected for various purposes contain uncertainties. Even at the rare occasions when accurate data are available, the truthful predictions derived on the data tend to create chaotic consequences. So, to effectively process and make sense out of available data, we need methods to deal with uncertainty inherently existing inside the data. The intent of this monograph is to explore the fundamental theory, methods, and techniques of practical application of grey systems theory, initiated by Professor Deng Julong in 1982. This volume presents most of the recent advances of the theory accomplished by scholars from around the world. From studying this book, the reader will not only acquire an overall knowledge of this new theory but also be able to follow the most current research activities. All examples presented are based on practical applications of the theory when urgent real-life problems had to be addressed. Last but not the least, this book concludes with three appendices. The first one compares grey systems theory and interval analysis while revealing the fact that interval analysis is a part of grey mathematics. The second appendix presents an array of different approaches of studying uncertainties. And, the last appendix shows how uncertainties appear using general systems approach.


Recent Applications of Financial Risk Modelling and Portfolio Management

Recent Applications of Financial Risk Modelling and Portfolio Management

Author: Škrinjari?, Tihana

Publisher: IGI Global

Published: 2020-09-25

Total Pages: 432

ISBN-13: 1799850846

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In today’s financial market, portfolio and risk management are facing an array of challenges. This is due to increasing levels of knowledge and data that are being made available that have caused a multitude of different investment models to be explored and implemented. Professionals and researchers in this field are in need of up-to-date research that analyzes these contemporary models of practice and keeps pace with the advancements being made within financial risk modelling and portfolio control. Recent Applications of Financial Risk Modelling and Portfolio Management is a pivotal reference source that provides vital research on the use of modern data analysis as well as quantitative methods for developing successful portfolio and risk management techniques. While highlighting topics such as credit scoring, investment strategies, and budgeting, this publication explores diverse models for achieving investment goals as well as improving upon traditional financial modelling methods. This book is ideally designed for researchers, financial analysts, executives, practitioners, policymakers, academicians, and students seeking current research on contemporary risk management strategies in the financial sector.


Grey Systems Analysis

Grey Systems Analysis

Author: Sifeng Liu

Publisher: Springer Nature

Published: 2022-12-08

Total Pages: 384

ISBN-13: 9811961603

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The book covers up-to-date theoretical and applied advances in grey systems theory from across the world and vividly presents the reader with the overall picture of this new theory and its frontier research. Many of the concepts, models and methods in the book are original by the authors, including simplified form of grey number, general grey number and the operations of grey numbers; the axiomatic system of buffer operators and a series of weakening and strengthening operators; a series of grey relational analysis models, including grey absolute, relative, synthetic, similarity, closeness, negative and three dimension degree, etc.; grey fixed weight clustering model, grey evaluation models based on center-point and end-point mixed possibility functions; original difference grey model (ODGM), even difference grey model (EDGM), discrete grey model (DGM), fractional grey models, self-memory grey models; multi-attribute intelligent grey target decision models, weight vector group with kernel and the weighted comprehensive clustering coefficient vector, and spectrum analysis of sequence operators, etc. This book will be appropriate as a reference and/or professional book for courses of grey system theory for graduate students or high-level undergraduate students, majoring in areas of science, technology, agriculture, medicine, astronomy, earth science, economics, and management. It can also be utilized by researchers and practitioners in research institutions, business entities, and government agencies.


Emerging Studies and Applications of Grey Systems

Emerging Studies and Applications of Grey Systems

Author: Yingjie Yang

Publisher: Springer Nature

Published: 2023-02-04

Total Pages: 335

ISBN-13: 981193424X

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This book aims to provide a practical guide by a set of real world applications of grey systems to social networks, energy management, transportation, natural disaster management, etc. As an emerging subject on data analysis and uncertainty modelling, the theory of grey systems and its applications have seen significant progress in recent years. However, researchers are still challenged with difficulties in differentiating grey systems from other similar models and a concise and practical guide for their real world applications. This is especially true for researchers in Europe and North American. This book may provide the answer for that. This book is a result of work within the Leverhulme Trust International Research Network on Grey Systems and its Applications. Readers may regard the book as valuable reference in the related fields.


Grey Game Theory and Its Applications in Economic Decision-Making

Grey Game Theory and Its Applications in Economic Decision-Making

Author: Zhigeng Fang

Publisher: CRC Press

Published: 2016-04-19

Total Pages: 364

ISBN-13: 1420087401

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To make the best decisions, you need the best information. However, because most issues in game theory are grey, nearly all recent research has been carried out using a simplified method that considers grey systems as white ones. This often results in a forecasting function that is far from satisfactory when applied to many real situations. Grey Ga


Nature-Inspired Computing: Concepts, Methodologies, Tools, and Applications

Nature-Inspired Computing: Concepts, Methodologies, Tools, and Applications

Author: Management Association, Information Resources

Publisher: IGI Global

Published: 2016-07-26

Total Pages: 1810

ISBN-13: 1522507892

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As technology continues to become more sophisticated, mimicking natural processes and phenomena also becomes more of a reality. Continued research in the field of natural computing enables an understanding of the world around us, in addition to opportunities for man-made computing to mirror the natural processes and systems that have existed for centuries. Nature-Inspired Computing: Concepts, Methodologies, Tools, and Applications takes an interdisciplinary approach to the topic of natural computing, including emerging technologies being developed for the purpose of simulating natural phenomena, applications across industries, and the future outlook of biologically and nature-inspired technologies. Emphasizing critical research in a comprehensive multi-volume set, this publication is designed for use by IT professionals, researchers, and graduate students studying intelligent computing.


Practical Grey-box Process Identification

Practical Grey-box Process Identification

Author: Torsten P. Bohlin

Publisher: Springer Science & Business Media

Published: 2006-09-07

Total Pages: 363

ISBN-13: 1846284031

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This book reviews the theoretical fundamentals of grey-box identification and puts the spotlight on MoCaVa, a MATLAB-compatible software tool, for facilitating the procedure of effective grey-box identification. It demonstrates the application of MoCaVa using two case studies drawn from the paper and steel industries. In addition, the book answers common questions which will help in building accurate models for systems with unknown inputs.


Production Engineering and Management under Fuzziness

Production Engineering and Management under Fuzziness

Author: Cengiz Kahraman

Publisher: Springer

Published: 2010-05-18

Total Pages: 566

ISBN-13: 3642120520

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Production engineering and management involve a series of planning and control activities in a production system. A production system can be as small as a shop with only one machine or as big as a global operation including many manufacturing plants, distribution centers, and retail locations in multiple continents. The product of a production system can also vary in complexity based on the material used, technology employed, etc. Every product, whether a pencil or an airplane, is produced in a system which depends on good management to be successful. Production management has been at the center of industrial engineering and management science disciplines since the industrial revolution. The tools and techniques of production management have been so successful that they have been adopted to various service industries, as well. The book is intended to be a valuable resource to undergraduate and graduate students interested in the applications of production management under fuzziness. The chapters represent all areas of production management and are organized to reflect the natural order of production management tasks. In all chapters, special attention is given to applicability and wherever possible, numerical examples are presented. While the reader is expected to have a fairly good understanding of the fuzzy logic, the book provides the necessary notation and preliminary knowledge needed in each chapter.


Web-Age Information Management

Web-Age Information Management

Author: Yueguo Chen

Publisher: Springer

Published: 2014-10-09

Total Pages: 443

ISBN-13: 3319115383

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This book constitutes the refereed proceedings of 5 workshops of the 15th International Conference on Web-Age Information Management, WAIM 2014, held in Macau, China, June 16-18, 2014. The 38 revised full papers are organized in topical sections on the 5 following workshops: Second International Workshop on Emergency Management in Big Data Age, BigEM 2014; Second International Workshop on Big Data Management on Emerging Hardware, HardBD 2014; International Workshop on Data Management for Next-Generation Location-based Services, DaNoS 2014; International Workshop on Human Aspects of Making Recommendations in Social Ubiquitous Networking Environment, HRSUME 2014; International Workshop on Big Data Systems and Services, BIDASYS 2014.