Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods

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. Chapte...

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Hlavní autoři: Esangbedo, Olabhele Moses, Xue, Jianwu
Médium: Online
Jazyk:angličtina
Vydáno: MDPI - Multidisciplinary Digital Publishing Institute 2025
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On-line přístup:https://library.oapen.org/handle/20.500.12657/98176
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author Esangbedo, Olabhele Moses
Xue, Jianwu
author_browse Esangbedo, Olabhele Moses
Xue, Jianwu
author_facet Esangbedo, Olabhele Moses
Xue, Jianwu
author_sort Esangbedo, Olabhele Moses
collection Directory of Open Access Books
description 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.
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spelling doab-20.500.12854ir-1513132025-07-21T15:44:29Z Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods Esangbedo, Olabhele Moses Xue, Jianwu grey system theory; MCDM; organizational reputation; contractor selection; business environment; compensation and benefit thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management 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. 2025-02-16T08:36:00Z 2025-02-16T08:36:00Z 2025-02-04T09:11:10Z 2025 book https://library.oapen.org/handle/20.500.12657/98176 9783036596556 https://directory.doabooks.org/handle/20.500.12854/151313 eng open access image/jpeg Attribution-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/98176/1/Grey_Systems_Theory_in_Business_Management.pdf MDPI - Multidisciplinary Digital Publishing Institute 10.3390/books978-3-0365-9654-9 10.3390/books978-3-0365-9654-9 46cabcaa-dd94-4bfe-87b4-55023c1b36d0 9783036596556 304 Basel open access
spellingShingle grey system theory; MCDM; organizational reputation; contractor selection; business environment; compensation and benefit
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management
Esangbedo, Olabhele Moses
Xue, Jianwu
Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title_full Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title_fullStr Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title_full_unstemmed Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title_short Grey Systems Theory in Business Management: Applying Multiple Criteria Decision-Making Methods
title_sort grey systems theory in business management applying multiple criteria decision making methods
topic grey system theory; MCDM; organizational reputation; contractor selection; business environment; compensation and benefit
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management
topic_facet grey system theory; MCDM; organizational reputation; contractor selection; business environment; compensation and benefit
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management
url https://library.oapen.org/handle/20.500.12657/98176
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