Standard Grey Potential and Its Application in Grey Target Decision

Grey target decision-making is one of important problems of decision-making theory. It is critical to express uncertain information effectively and depose them in reasonable and simple way. Firstly this paper makes a brief overview of the existing method for Grey target decision. Then the conception of Grey potential degree system is introduced and the conception of standard Grey Potential Degree is build up in the paper. And a new Grey potential-based method on Grey target clustering is proposed. At the same time the standard Grey potential and its application in multiple criteria is studied. It is presented by three examples, that the Grey potential-based method could be used to solve the problem of Grey target decision conveniently and effectively.