Grey Systems Theory in Business Management

<p>This book is dedicated to addressing the central challenge of making informed business decisions within an environment characterized by uncertainty employing Multiple Criteria Decision-Making (MCDM) methodologies. Chapter 1 provides an overview of the related concepts of grey systems theory. Chapter 2 proposes evaluation criteria for five major themes including human resource information systems and contractor selection problems. Chapters 3-6 present four improved grey hybrid weighting methods: the grey rank order centroid method the grey regulatory focus theory method the grey step-wise weight analysis ratio evaluation and the grey point allocation weighting method. Chapters 7-10 introduce four improved hybrid grey evaluation methods: the grey weighted sum model grey relational analysis the grey regime method and the grey integer linear programming method. Chapters 11 and 12 discuss additional grey decision-making methods and conclusions are drawn along with future prospects.</p><p></p>