This book presents fundamental theory, methods, and practical
applications of grey systems theory, absorbing recent theoretical and
applied advances, and vividly presenting the overall picture of this new theory and its frontal research activities.

With contributions by leading researchers in grey systems theory and applications, the papers in this volume were selected from presentations to the 2009 IEEE International Conference on Grey Systems and Intelligent Services, held in Nanjing, China.

This book uses a system-based approach to decipher and organize the concepts and conclusions relevant for creating and capturing value in business.  It develops a scientific theory based on systems science and logical reasoning that is commonly employed in mathematics and natural science. The resulting new theory focuses on the organizational nature of the world and the organic and holistic feature of human organizations and their interactions. To this end, this book identifies a few axioms, instead of empirical discoveries, on which it reliably constructs the entire theory.

The book covers up-to-date theoretical and applied advances in grey systems theory from across the world and vividly presents the reader with the overall picture of this new theory and its frontier research. Many of the concepts, models and methods in the book are original by the authors, including simplified form of grey number, general grey number and the operations of grey numbers; the axiomatic system of buffer operators and a series of weakening and strengthening operators; a series of grey relational analysis models, including grey absolute, relative, synthetic, similarity, closeness,...