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The development model of new energy vehicle in Henan Province based on the weighted grey target decision

Dang Luo (North China University of Water Resources and Electric Power, Zhengzhou, China)
Jing Zhang (North China University of Water Resources and Electric Power, Zhengzhou, China)

Grey Systems: Theory and Application

ISSN: 2043-9377

Article publication date: 26 October 2012

676

Abstract

Purpose

According to the nature and source of alternative energy, types of new energy vehicle include hybrid electric vehicle, pure electric vehicle, fuel cell vehicles, natural gas vehicle, coal‐to‐alcohol vehicle, bio‐fuel vehicle, clean diesel vehicle and so on. At present, all kinds of new energy vehicle are flourishing, but in the near future it is not sure what kind of new energy vehicle that national policies will support, so the risk of new energy vehicle project is large. This paper aims to address this issue.

Design/methodology/approach

Grey target decision‐making mainly was used in the choice of programs. First, the decision‐making matrix and the index weight are determined after establishing the decision‐making index system; then the positive clout and the negative clout are determined; the distance to the positive clout and the negative clout for every decision‐making program are calculated; finally, the composite distance to clout is obtained and programs sorted in light of the size of composite distance to target centre.

Findings

This paper analyzed the operating conditions of new energy vehicle in Zhengzhou and Xinxiang; and then elaborated the modelling steps of weighted grey target decision with both the positive clout and the negative clout, and used in recent decision‐making the new energy vehicle in Henan Province. It not only makes more comprehensive and rational decision‐making, but also extends the application of the grey target decision model in practice.

Practical implications

In the recent two years of formulating national and local relevant preferential policies, the enthusiasm of enterprises to participate and the level of consumer awareness are further improved; as an international trend, the development of a new energy vehicle is inevitable.

Social implications

It helps to make scientific decision‐making. The study proposes a theoretical guidance to carry out the new energy vehicle project in Henan Province.

Originality/value

This paper elaborates the modelling steps of weighted grey target decision‐making based on positive clout and negative clout, and established the model of grey target decision‐making according to the selected index; finally, it analyzes the recent development route of a new energy vehicle in Henan Province and puts forward some suggestions.

Keywords

Citation

Luo, D. and Zhang, J. (2012), "The development model of new energy vehicle in Henan Province based on the weighted grey target decision", Grey Systems: Theory and Application, Vol. 2 No. 3, pp. 437-445. https://doi.org/10.1108/20439371211273320

Publisher

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Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited

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