Abstract:
Grey System Theory is a novel system theory founded by Chinese
Scholar, Prof. Julong Deng, at 1982. It has been applied successfully
in various areas such as energy, economics, engineering, etc.
This address will deliver main contributions of historical development,
theoretical and practical contributions of grey system theory.
Grey System Theory (GST), a pioneering methodology born from
Chinese systems science. In an era of increasing complexity and
information overload, we paradoxically face a scarcity of complete
information. Many real-world systems,from economic indicators
to mechanical wear, are characterised by “small samples"
and “poor information," existing in a state between the known
(white) and the unknown (black). It is precisely in this “grey"
zone that GST establishes its unique value, offering a suite of methods to extract meaningful patterns
and generate actionable knowledge from limited and uncertain data.
