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Purpose – The purpose of this paper is to summarize the progress in grey system research during 2000-2015, so as to present some important new concepts, models, methods and a new framework of grey system theory. Design/methodology/approach – The new thinking, new models and new methods of grey system theory and their applications are presented in this paper. It includes algorithm rules of grey numbers based on the “kernel” and the degree of greyness of grey numbers, the concept of general grey numbers, the synthesis axiom of degree of greyness of grey numbers and their operations; the general form of buffer operators of grey sequence operators; the four basic models of grey model GM(1,1), such as even GM, original difference GM, even difference GM, discrete GM and the suitable sequence type of each basic model, and suitable range of most used grey forecasting models; the similarity degree of grey incidences, the closeness degree of grey incidences and the three-dimensional absolute degree of grey incidence of grey incidence analysis models; the grey cluster model based on center-point and end-point mixed triangular whitenization functions; the multi-attribute intelligent grey target decision model, the two stages decision model with grey synthetic measure of grey decision models; grey game models, grey input-output models of grey combined models; and the problems of robust stability for grey stochastic time-delay systems of neutral type, distributed-delay type and neutral distributed-delay type of grey control, etc. And the new framework of grey system theory is given as well. Findings – The problems which remain for further studying are discussed at the end of each section. The reader could know the general picture of research and developing trend of grey system theory from this paper. Practical implications – A lot of successful practical applications of the new models to solve various problems have been found in many different areas of natural science, social science and engineering, including spaceflight, civil aviation, information, metallurgy, machinery, petroleum, chemical industry, electrical power, electronics, light industries, energy resources, transportation, medicine, health, agriculture, forestry, geography, hydrology, seismology, meteorology, environment protection, architecture, behavioral science, management science, law, education, military science, etc. These practical applications have brought forward definite and noticeable social and economic benefits. It demonstrates a wide range of applicability of grey system theory, especially in the situation where the available information is incomplete and the collected data are inaccurate. Originality/value – The reader is given a general picture of grey systems theory as a new model system and a new framework for studying problems where partial information is known; especially for uncertain systems with few data points and poor information. The problems remaining for further studying are identified at the end of each section.

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PurposeThe purpose of this paper is to solve the problems existing in traditional grey incidence models and advance several new grey incidence models based on visual angle of similarity and nearness.Design/methodology/approachBased on the definition of traditional grey incidence models, two novel grey incidence models, grey similar incidence model and grey close incidence model, are studied in this paper. The interrelations and influence can be measured by the new models with different visual angle of similarity and/or nearness, respectively. The grey similar incidence model is used mainly to measure the similitude degree of the geometric patterns of sequence curves. The grey close incidence model is used mainly to measure the nearness of the sequence curves in space. The properties of the new models are discussed. It is proved that the proposed models are simplified methods to calculate the similitude degree and the close degree of grey incidence models.FindingsThe results show that the two novel grey incidence models satisfy the grey incidence axiom properly. It is useful to calculate the similitude degree and the close degree of two different sequences, and the process of calculating is easier than with traditional grey incidence models.Practical implicationsThe method exposed in the paper can be used to calculate every two sequences. The similitude degree and the close degree of two different sequences can be given out. The method can also be used to rank sequences of more than two.Originality/valueThe paper succeeds in constructing two novel grey incidence models. The properties of novel model are studied and it is undoubtedly a new development in grey systems theory.

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Purpose – The purpose of this paper is to provide a foundational reference and practical guidance for modelling small and poor data with incomplete information. Design/methodology/approach – The definitions of four basic models of GM(1, 1), such as Even Grey Model (EGM), Original Difference Grey Model (ODGM), Even Difference Grey Model (EDGM) and Discrete Grey Model (DGM), are put forward. The properties and characteristics of different models are studied and their equivalence are proved. The suitable sequences of different models are studied by simulation and analysis with homogeneous exponential sequences, nonhomogeneous exponential increasing sequences and vibration sequences. Findings – The main conclusions have been obtained as follows: first, the three discrete models of ODGM, EDGM and DGM are suitable for homogeneous exponential sequences or sequences which close to a homogeneous exponential sequence; and second the EGM are suitable for nonhomogeneous exponential increasing sequences and vibration sequences. Practical implications – The outcome obtained in this paper can be consulted for model selection in the course of practical modelling. Originality/value – This paper systematically defined the four basic forms of model GM(1, 1) and studied their properties and characteristics, especially their suitable sequences. Although significant progress has been made in this field, such a systematic study on these models and their suitable sequences is still missing as far as we know. It can provide reference and basis for people to choose the correct model in the actual modelling process.

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