National economic strength as evaluated using grey systems theory

Abstract

Purpose

To show how the concept of systems and the method of grey information can be employed to evaluate a nation's economic strength. A real‐life set of data is employed.

Design/methodology/approach

After a practical problem is presented in the first section, the paper focuses on the grey systems method of evaluation in the second section. As an application, it employs the method established in the second section to finish evaluating the proposed national economic strength.

Findings

Through a detailed analysis, all necessary questions, such as the national standing among nations with similar economic and political backgrounds and main factors influencing national economic strength, are answered definitely.

Practical implications

This work can be directly applied to similar situations with evaluation components.

Originality/value

This work shows how the theory of grey information can be applied in a great range of areas.

Citation

Lin, Y. and Liu, S. (2007), "National economic strength as evaluated using grey systems theory", Kybernetes, Vol. 36 No. 1, pp. 89-97. https://doi.org/10.1108/03684920710741170