@book{EsangbedoMO2025, title = {Grey Systems Theory in Business Management}, author = {Esangbedo, Moses Olabhele and Xue, Jianwu}, year = {2025}, publisher = {MDPI - Multidisciplinary Digital Publishing Institute}, doi = {10.3390/books978-3-0365-9654-9}, isbn = {978-3-0365-9655-6 978-3-0365-9654-9}, abstract = {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 710 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 1–1 and 12 discuss additional grey decision-making methods, and conclusions are drawn along with future prospects.}, keywords = {grey-WSJF}, file = {https://esangbedo.com/publications/Esangbedo\%20and\%20Xue\%20-\%202025\%20-\%20Grey\%20Systems\%20Theory\%20in\%20Business\%20Management.pdf}, url = {https://esangbedo.com/publications/esangbedomo2025/} }