Application of Grey Theory in the Construction of Impact Criteria and Prediction Model of Players’ Salary Structure
Joint Authors
Chuang, Chung-Chu
Chen, Tien-Tze
Chen, Chih-Cheng
Source
Mathematical Problems in Engineering
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-02-25
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
Salaries of professional players are usually determined prior to the execution of the responsibilities assigned by the organizations and are often based on the expected future performance of these players as derived from their past achievement.
The study first identifies criteria that would affect players’ salaries through literature reviews and then utilizes grey relational analysis (GRA) and grey prediction model to calculate weights of salary impact criteria, players’ annual performance index, and salary prediction for the coming year.
The performance data of players from the Chinese Professional Baseball League (CPBL) are used in this study.
The results are as follows: (i) CPBL teams do refer to players’ past performance records and future performance prediction when deciding on their salaries and (ii) future performance prediction must be made using at least a 3-year data set.
The proposed prediction model is able to effectively provide relevant and useful information to the CPBL teams’ management during players’ salary adjustment.
American Psychological Association (APA)
Chuang, Chung-Chu& Chen, Tien-Tze& Chen, Chih-Cheng. 2018. Application of Grey Theory in the Construction of Impact Criteria and Prediction Model of Players’ Salary Structure. Mathematical Problems in Engineering،Vol. 2018, no. 2018, pp.1-9.
https://search.emarefa.net/detail/BIM-1208834
Modern Language Association (MLA)
Chuang, Chung-Chu…[et al.]. Application of Grey Theory in the Construction of Impact Criteria and Prediction Model of Players’ Salary Structure. Mathematical Problems in Engineering No. 2018 (2018), pp.1-9.
https://search.emarefa.net/detail/BIM-1208834
American Medical Association (AMA)
Chuang, Chung-Chu& Chen, Tien-Tze& Chen, Chih-Cheng. Application of Grey Theory in the Construction of Impact Criteria and Prediction Model of Players’ Salary Structure. Mathematical Problems in Engineering. 2018. Vol. 2018, no. 2018, pp.1-9.
https://search.emarefa.net/detail/BIM-1208834
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1208834