DocumentCode
2546210
Title
A study on reinvestment of technology business incubator based on grey control model
Author
Xie, Fei ; Zhao, Liming ; Wu, Wenqing
Author_Institution
Sch. of Manage., Tianjin Univ., Tianjin, China
fYear
2009
fDate
21-23 Oct. 2009
Firstpage
1927
Lastpage
1930
Abstract
During the development, technology business incubator faces the problem that reinvestment is insufficient so it needs to reinvest the suitable proportion of the earnings in the the hardware and software to achieve its sustainable development. Grey system theory is a effective method for studying problem of uncertainty with fewer data points and poor information. In this paper, we try to discuss the application of grey control theory in grey system quantification model. According to GM models, we deri¿vate a close feedback system, and simulate study by some variances. From an illustration the study finds the reinvestment by 70.02 pernent of the earnings in the business incubator to cause its sustainable development. The empirical analysis has indicated that the grey control theory can be used for the optimization of business incubator´s reinvestment and some key parameters are obtained for the practice of the business incubator.
Keywords
commerce; feedback; grey systems; sustainable development; GM models; close feedback system; grey control model; grey system quantification model; grey system theory; reinvestment; sustainable development; technology business incubator; Control theory; Feedback; Feeds; Hardware; Investments; Proportional control; Sustainable development; Technological innovation; Technology management; Uncertainty; feedback system; grey control model; reinvestment; technology business incubator;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location
Beijing
Print_ISBN
978-1-4244-3671-2
Electronic_ISBN
978-1-4244-3672-9
Type
conf
DOI
10.1109/ICIEEM.2009.5344280
Filename
5344280
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