Applying grey system theory to evaluate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries

2015 ◽  
Author(s):  
Wuwei Li ◽  
Yueru Wei
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
High Tech ◽  
Grey System ◽  
The Relationship

Applying grey system theory to evaluate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries

2016 ◽  
Vol 6 (2) ◽  
pp. 143-168 ◽  
Author(s):  
Wuwei Li
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
High Tech ◽  
Grey System ◽  
Content Type ◽  
Relational Analysis ◽  
Panel Data Regression ◽  
Data Regression ◽  
Grey Relational ◽  
The Relationship

Purpose – For the studies whose purposes are to evaluate the relationship between industrial characteristics and innovation activities of the enterprises, there are some limitations in the measures of industrial characteristics and using traditional statistical techniques. The purpose of this paper is to investigate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries using grey system theory. The research results show that grey system theory is suitable to investigate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries. Design/methodology/approach – This paper proposes the measures of industrial characteristics and innovation capabilities of high-tech enterprises. First, based on the data on Chinese large and medium-sized high-tech enterprises for the period of 2011-2013, this paper applies grey relational analysis to identify the relatively most important indexes on affecting innovation capabilities of Chinese high-tech enterprises. Second, based on the results from grey relational analysis, this study draws a ranking of the five Chinese high-tech industries in terms of innovation capabilities by grey decision making. Finally, based on the results from grey decision making, this study applies GM (0, N) model to investigate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries. Findings – The results of this study show that in the evaluation indexes system of innovation capabilities of high-tech enterprises, personnel in R & D institutions, R & D personnel, internal expenditure on R & D, expenditure on new product development, expenditure on technology imports, expenditure on technology renovation, and expenditure on technology assimilation and absorption are relatively most important elements affecting innovation capabilities of Chinese high-tech enterprises. In addition, the two top ranking on innovation capabilities are manufacture of electronic equipment and communication equipment, and manufacture of medicines. At last, the findings indicate that in the measures of industrial characteristics, the three top ranking on affecting innovation capabilities of Chinese high-tech enterprises are R & D intensity, technology absorption intensity of indigenous high-tech enterprises and foreign-invested enterprises size. The opening level is in the middle position. Technology intensity, market concentration, and state-owned enterprises size are the three bottom ranking on affecting innovation capabilities of Chinese high-tech enterprises. Research limitations/implications – This study has some limitations. First, this study is limited to Chinese high-tech industries. The findings may not be applicable to other countries’ high-tech industries. Further studies with other countries’ high-tech industries could be extended and examined how industrial characteristics affect innovation capabilities of the firms in these industries. Second, the measures of industrial characteristics proposed in this study are somewhat theoretically weak. In the future, the authors will further improve the current analysis, and develop the measures of industrial characteristics. Finally, with the advent of the more data with the consistent statistical coverage released by China’s National Bureau of Statistics during the more continuous years, other methods, such as panel data regression model in econometrics could be used to evaluate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries. By then, the scholars can compare the results from grey system theory and those from panel data regression model in econometrics. Practical implications – Appropriate industrial environment is favorable for Chinese high-tech enterprises to feed their innovation capabilities. Scientific evaluation on the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries is of great significance for Chinese high-tech enterprises in exerting technological catch-up and promoting their competitive advantage. The purposed measures of industrial characteristics and innovation capabilities of high-tech enterprises in this paper, and combined methodology based on grey system theory could be applied to evaluate the relationship between industrial characteristics and innovation capabilities of Chinese high-tech enterprises. Originality/value – This paper proposes the measures of industrial characteristics and innovation capabilities of high-tech enterprises, and uses grey system theory to evaluate the relationship between industrial characteristics and innovation capabilities within Chinese high-tech industries.

Study on the Relationship between Soil Nutrients and the Corn Yield Based on Grey System Theory

2015 ◽  
Vol 733 ◽  
pp. 391-394
Author(s):  
Xing Mei Xu ◽  
Li Ying Cao ◽  
Jing Zhou
Keyword(s):  
System Theory ◽  
Soil Nutrient ◽  
Nutrient Content ◽  
Grey System Theory ◽  
Available Phosphorus ◽  
Corn Yield ◽  
Grey System ◽  
Correlation Degree ◽  
Soil Nutrient Content ◽  
The Relationship

Take the test zone 110 sampling plots of soil nutrient content as the research data, to study the correlation between the soil nutrient content and the corn yield. It used the grey system theory to analysis the correlation between the content of soil nutrient, and established GM (1, N) prediction model. Soil nutrient correlation degree analysis showed that the correlation coefficient of available phosphorus and available potassium were 0.4742, 0.4492, it has a significant effect on the corn yield, the average prediction error of the GM (1, N) model was 7.38%. The model reflected the relationship between soil nutrient content and the corn yield well; it can be used to predict the yield test area.

Research on Relationship between Industrial Characteristics and Innovation Capability: Evidence from Chinese High-Tech Industries

2011 ◽  
Vol 187 ◽  
pp. 498-503
Author(s):  
Wu Wei Li
Keyword(s):  
Statistical Data ◽  
Grey System Theory ◽  
High Tech ◽  
Statistical Techniques ◽  
Innovation Capability ◽  
Grey System ◽  
Relational Analysis ◽  
Grey Relational ◽  
The Relationship ◽  
Significant Factors

For the studies on the innovation capability, there are many limitations in using traditional statistical techniques. The grey system theory proposed in this paper is to supplement the limitations of using traditional techniques and it is more suitable to figure out the relationship between industrial characteristics and innovation capability within Chinese high-tech industries. Based on the statistical data from Chinese high-tech industries, over the period 2006-2008, this paper used fifteen indicators affecting the innovation capability and seven indicators related to industrial characteristics. Firstly, this paper applied grey relational analysis to find the significant factors and other indicators affecting innovation capability within Chinese high-tech industries. Secondly, it applied grey decision-making method to arrange the innovation capability of Chinese high-tech industries in order. Finally, this paper used GM (0,N) model to analyze the relationship between the seven variables of industrial characteristics and innovation capability within Chinese high-tech industries as the results.

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).

Application of Grey System Theory to tree growth prediction

2000 ◽  
Vol 11 (1) ◽  
pp. 34-36 ◽  
Author(s):  
Wang Jing ◽  
Hou Yuesong ◽  
Li Weilin ◽  
Cheng Wenhui
Keyword(s):  
System Theory ◽  
Tree Growth ◽  
Grey System Theory ◽  
Grey System ◽  
Growth Prediction

Grey-based model for forecasting Mauritius international tourism from different regions

2017 ◽  
Vol 7 (2) ◽  
pp. 259-271 ◽  
Author(s):  
Medha Pirthee
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
International Tourism ◽  
Grey System ◽  
Private Companies ◽  
Content Type ◽  
System Models ◽  
Economic Decision Making ◽  
Tourism Sector ◽  
The Government

Purpose The purpose of this paper is to understand the trend and forecast the number of tourists from different regions of the world to Mauritius. Design/methodology/approach The paper adopts two grey system models, the even model GM(1,1) and the non-homogeneous discrete grey model (NDGM), to forecast the total number of international tourism to Mauritius and its structure from different regions tourist arrivals to Mauritius for the next three years. Grey system theory models were used to account for uncertainties and the dynamism of the tourism sector environment. The two models were applied as a comparison to obtain more reliable forecasting figures. Findings The results demonstrate that both of the grey system models can be successfully applied with high accuracy for Mauritian tourism prediction, and also the number of tourist arrivals to Mauritius shows a continued augmentation for the upcoming years. Practical implications Forecasting is meaningful since the Government of Mauritius, private companies or any concerned authority can adopt the forecasting methods exposed in this paper for the development of the tourism sector through managerial and economic decision making. Originality/value Mauritius is a charming travel destination. Through this paper, it can be seen that future tourism travel to Mauritius has been successfully predicted based on previous data. Moreover, it seems that the grey system theory models have not been utilised yet as forecasting tools for the tourism sector of Mauritius as opposed to other countries such as China and Taiwan.

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