A two-stage study of grey system theory and DEA in strategic alliance: An application in Vietnamese fertilizing industry

Abstract

Agriculture has been developed in Vietnam throughout the years, together with the fertilizing industry. In fact, among those fertilizing companies there is a need to form partnership. However, successful strategic alliances require special skills, considerations and efforts in order to assure the necessary cooperation needed to harness the respective potency of each partner. Grey Theory and DEA model were applied to calculate the effectiveness of enterprises in Vietnam fertilizer industry then offer an effective way to figure out the most suitable strategic partners. Seven companies in the fertilizer industry are selected to collect realistic data from financial reports of Vietnam issued stock market in four consecutive financial years (2012-2016). The Southern Fertilizers JSC was set to be the target decision making unit (DMU). Although this research is specifically applied to the fertilizer industry, the proposed method could also be applied to other manufacturing industries.

Attitudes and Repurchase Intention of Consumers Towards Functional Foods in Ho Chi Minh City, Vietnam

“…Besides, Vietnamese are often affected by advice from people around them such as their relatives or their friends and make decisions.Secondly, With the rapidly increasing of functional food demand, although Vietnamese authorities have formulated policies for developing domestic products and tightly controlling the quality of functional food in Vietnam, there exists the large quantity of fake and poor good quality products based on the incoherence of legal systems and policies. As a result, functional foods market lose consumers' trust towards products ( [6]; [7]) Therefore, understanding these problems,this research is carried out with the purpose of understanding profoundly into consumers' behavior by examining the influence of perception factors to consumers' attitude and how consumers' attitude affecting to their repurchase intention as well as investigatingthe incentives behind their repurchase intention.…”

Applying Grey System Theory to Forecast The Total Value of Importsand Exports of Top Traded Commodities in Taiwan

“…(1) = ( (1) (1), (1) (2), (1) (3), (1) (4), (1) (5), (1) (6), (1) (7)) X (1) = (1836; 4095; 6009; 8410; 11352; 14638;17853)…”

“…(1) (7) = 17836.7880 k=7 (1) After next, this paper uses the Matlab with the forecasting method on Grey system model.…”

“…The researchers use GM(1,1) model to predict the realistic factors for the next 4 years (2014 to 2017). The study takes the exports of FOOD and LIVE ANIMALS in the data set of Taiwan as example to understand how to compute in GM (1,1) model in period 2007-2013,and other variables are calculated in the same way.…”

“…of Forecasting of Model GM(1,1) This paper conducts a practical forecasting on the exports of FOOD and LIVE ANIMALS in the data set of Taiwan by adopting the above Model GM(1,1), and checks the predicted results by means of relative error test.Accuracy inspection analysis of forecasting abilityNumerous methods exist for judging forecasting model accuracy, and no single recognized inspection method exists for forecasting ability. Mean Absolute Percentage Error (MAPE) is often used to measure forecasting accuracy.…”