Comprehensive Risk Assessment of Construction Project Based on Grey System Theory

2013 ◽  
pp. 353-362
Author(s):  
Yao Zhong ◽  
Hong Li
Keyword(s):  
System Theory ◽  
Risk Assessment ◽  
Construction Project ◽  
Grey System Theory ◽  
Grey System

scholarly journals Occupational risk assessment with grey system theory

2019 ◽  
Vol 28 (2) ◽  
pp. 717-732 ◽  
Author(s):  
Marcin Nowak ◽  
Rafał Mierzwiak ◽  
Marcin Butlewski
Keyword(s):  
System Theory ◽  
Risk Assessment ◽  
Grey System Theory ◽  
Occupational Risk ◽  
Grey System

Prediction of Technical Reserves Based on Grey Model — GM(1,1): Evidence from Non-life Egyptian Insurance Market

2019 ◽  
Vol 10 (9) ◽  
pp. 852-860
Author(s):  
Mahmoud Elsayed ◽  
◽  
Amr Soliman ◽  
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
Insurance Market ◽  
Grey Model ◽  
Loss Ratio ◽  
Grey System ◽  
Mathematical Technique ◽  
Supervisory Authority ◽  
Error Ratio ◽  
Using Data

Grey system theory is a mathematical technique used to predict data with known and unknown characteristics. The aim of our research is to forecast the future amount of technical reserves (outstanding claims reserve, loss ratio fluctuations reserve and unearned premiums reserve) up to 2029/2030. This study applies the Grey Model GM(1,1) using data obtained from the Egyptian Financial Supervisory Authority (EFSA) over the period from 2005/2006 to 2015/2016 for non-life Egyptian insurance market. We found that the predicted amounts of outstanding claims reserve and loss ratio fluctuations reserve are highly significant than the unearned premiums reserve according to the value of Posterior Error Ratio (PER).

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