Exploring Grey Systems Theory-Based Methods and Applications in Analyzing Socio-Economic Systems

The present study seeks to provide an overview of studies dealing with the grey systems theory from the perspective of socio-economic systems. A scoping review is conducted to explore the studies focusing grey systems theory and its applications in socio-economic systems. The publications selected for analysis were collected through searching the databases of the Web of Science, Scopus, and Science Direct. The publications were selected from 2010 to 2019, and the following keywords were used to detect them: grey systems, grey relational, grey model, grey prediction, grey control, grey incidence, grey cluster, grey decision, and grey input-output plus social, economic, and socioeconomic. Out of the 2375 records found, 147 full papers were screened. Results obtained from the studies were separated into the following categories: social network, healthcare, financial issues, sustainability, tourism, social and cultural, public sectors, urbanization, development, business, economics, demographics, innovation, and entrepreneurship. Findings showed that complexity, uncertainty, and a lack of access to a large collection of data directed researchers to rely on grey systems theory-based socio-economic systems. Furthermore, theory-based grey systems were more effective than other approaches of decision-making and analysis. Drawing on the grey systems theory-based holistic approaches and systems thinking methods helped to obtain better results in analyzing socio-economic systems.

[1]  Deng Ju-Long,et al.  Control problems of grey systems , 1982 .

[2]  Jun-Shan Li,et al.  Theoretical and empirical analysis of the supplier induced demand in the health care market in China , 2013, Proceedings of 2013 IEEE International Conference on Grey systems and Intelligent Services (GSIS).

[3]  K. Boulding.  General Systems Theory---The Skeleton of Science , 1956 .

[4]  Jeffrey Yi-Lin Forrest,et al.  The Current Developing Status on Grey System Theory , 2007 .

[5]  Ming Jiang,et al.  Grey System Theory based prediction for topic trend on Internet , 2014, Eng. Appl. Artif. Intell..

[6]  Xiaolu Li,et al.  Influence of Social-economic Activities on Air Pollutants in Beijing, China , 2017 .

[7]  Zheng-Xin Wang,et al.  A systems thinking-based grey model for sustainability evaluation of urban tourism , 2014, Kybernetes.

[8]  Yuhong Wang,et al.  Grey prediction model-based food security early warning prediction , 2011, Proceedings of 2011 IEEE International Conference on Grey Systems and Intelligent Services.

[9]  Li Li,et al.  Grey fuzzy comprehensive evaluation of regional financial innovation ability based on two types weights , 2016, Grey Syst. Theory Appl..

[10]  Min Zhu,et al.  The impact of R&D on GDP study based on grey delay Lotka-Volterra model , 2015, Grey Syst. Theory Appl..

[11]  Ruiliang Yan,et al.  A historic review of management science research in China , 2008 .

[12]  Xintao Xia.  Scientific View in Grey System Theory , 2012 .

[13]  Chen Schechter,et al.  Definitions and Development of Systems Thinking , 2017 .

[14]  Delcea Camelia,et al.  Grey systems theory in economics – a historical applications review , 2015 .

[15]  Diyar Akay,et al.  Grey relational analysis between Turkey's macroeconomic indicators and domestic savings , 2017, Grey Syst. Theory Appl..

[16]  V. Kreng,et al.  The equality of resource allocation in health care under the National Health Insurance System in Taiwan. , 2011, Health policy.

[17]  Quanda Zhang.  The effects of financial deepening on income inequality based on grey incidence analysis: Empirical evidence from China , 2014, Grey Syst. Theory Appl..

[18]  Chia-Nan Wang,et al.  Enhancing Urban Development Quality Based on the Results of Appraising Efficient Performance of Investors—A Case Study in Vietnam , 2017 .

[19]  Siqing Shan,et al.  Assessing relationship and contribution of China's technological entrepreneurship to socio-economic development , 2018, Technological Forecasting and Social Change.

[20]  Lishan Xiao,et al.  Analysis of socio-economic driving forces on built-up area expansion in Xiamen , 2010 .

[21]  Jui-Chen Huang,et al.  Application of grey system theory in telecare , 2011, Comput. Biol. Medicine.

[22]  Ying Wang,et al.  Grey game research about customer preference, international competition and the choice of industrial type , 2017, 2017 International Conference on Grey Systems and Intelligent Services (GSIS).

[23]  Syed Mithun Ali,et al.  A grey approach to predicting healthcare performance , 2019, Measurement.

[24]  Yung-Hui Lee,et al.  Applying GM (0,N) and Rough Set to Analyze the Business Influence Factor in Bed and Breakfast- A Case Study of a Taitung Bed and Breakfast , 2016 .

[25]  Camelia Delcea,et al.  Complete analysis of bankruptcy syndrome using grey systems theory , 2011, Grey Syst. Theory Appl..

[26]  S. Chakraborty,et al.  Cutting tool material selection using grey complex proportional assessment method , 2012 .

[27]  Chao-Hung Wang,et al.  Forecasting integrated circuit output using multivariate grey model and grey relational analysis , 2009, Expert Syst. Appl..

[28]  Yang Yu,et al.  Impact of population aging and industrial structure on CO2 emissions and emissions trend prediction in China , 2017 .

[29]  D. K. Banwet,et al.  Digitizing grey portions of e-governance , 2017 .

[30]  David L. Rousseau,et al.  Systems Philosophy and the Unity of Knowledge , 2014 .

[31]  Qishan Zhang,et al.  Detecting communities in social networks by local affinity propagation with grey relational analysis , 2015, Grey Syst. Theory Appl..

[32]  Camelia Delcea,et al.  Grey social media engagement analysis , 2016, Grey Syst. Theory Appl..

[33]  Jeffrey Forrest,et al.  New progress of Grey System Theory in the new millennium , 2016, Grey Syst. Theory Appl..

[34]  Francesco Polese,et al.  A Brief Review of Systems Theories and Their Managerial Applications , 2010 .

[35]  Kees Wevers,et al.  Grey System Theory and Applications: A Way Forward , 2007 .

[36]  Sifeng Liu,et al.  Exploring the Human Cognitive Capacity in Understanding Systems: A Grey Systems Theory Perspective , 2020, Foundations of Science.

[37]  Qiaoxing Li,et al.  Review paper: A Briefing to Grey Systems Theory , 2014 .

[38]  Jinlou Huang,et al.  Urban climate change: A comprehensive ecological analysis of the thermo-effects of major Chinese cities , 2010 .

[39]  Miraç Eren,et al.  An evaluation of EU member states according to human development and global competitiveness dimensions using the multi-period grey relational analysis (MP-GRA) technique , 2017, Grey Syst. Theory Appl..

[40]  Shuming Bao,et al.  An integrated sustainable development approach to modeling the eco-environmental effects from urbanization , 2011 .

[41]  Wann-Ming Wey,et al.  Constructing urban dynamic transportation planning strategies for improving quality of life and urban sustainability under emerging growth management principles , 2019, Sustainable Cities and Society.

[42]  D. Moher,et al.  Preferred reporting items for systematic reviews and meta-analyses: the PRISMA statement. , 2009, Journal of clinical epidemiology.

[43]  J. Deng,et al.  Introduction to Grey system theory , 1989 .

[44]  Jeffrey Forrest,et al.  A brief introduction to grey systems theory , 2011, Proceedings of 2011 IEEE International Conference on Grey Systems and Intelligent Services.

[45]  Z. Mi,et al.  How does hydrogen-based renewable energy change with economic development? Empirical evidence from 32 countries , 2017, International Journal of Hydrogen Energy.

[46]  Danlin Yu,et al.  The dynamics of public safety in cities: A case study of Shanghai from 2010 to 2025 , 2017 .

[47]  Jeffrey Forrest,et al.  On uncertain systems and uncertain models , 2012, Kybernetes.

[48]  Ageing of Populations , 1940, Nature.

[49]  D. K. Banwet,et al.  Enlightening grey portions of energy security towards sustainability , 2017 .

[50]  F. Peldschus,et al.  Socio-economic systems: a school of professor Romualdas Ginevicius , 2011 .