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Article
Publication date: 2 February 2015

Naiming Xie

The purpose of this paper is to propose novel civil aircraft cost parameters’ selection method and novel cost estimation approach for civil aircraft so as to effectively simulate…

Abstract

Purpose

The purpose of this paper is to propose novel civil aircraft cost parameters’ selection method and novel cost estimation approach for civil aircraft so as to effectively simulate or forecast civil aircraft cost under poor information and small sample.

Design/methodology/approach

Based on existent cost estimation indexes, this paper summarized civil aircraft research and manufacturing cost impact index system and adopted grey relational model to select most important impact factors. Consider civil aircrafts’ cost information could not be easily collected, the author must estimate their costs with limited sample and poor information. A combination model of GM (0, N) model and BP neural network algorithm is proposed. Both advantages of simulation of BP neural network algorithm and poor information generation of GM (0, N) were effectively combined. Then steps of combined model were given out. Finally, nine types of aircrafts were used to test the validity of proposed model. As comparing with the traditional multiple linear regression model and simple GM (0, N) model, results indicated that proposed model can do the work better.

Findings

Grey relational model can be applied for parameters’ selection and combined GM (0, N) model and BP neural network algorithm can estimate aircraft’s cost as well. Results show that novel combined model could get high forecasting accuracy.

Practical implications

Cost estimation is key problem in production management of civil aircraft. Effective cost management could promote competitiveness of aircraft manufacturing company. Proposed combined model can be applied for civil aircraft cost estimation. Similarly, it could be applied for other complex equipment cost estimation.

Originality/value

The paper succeeds in proposing grey relational model for cost parameters’ selection and constructing a combination model of GM (0, N) model and BP neural network algorithm. Algorithm of the proposed model was discussed and steps were given out.

Details

Grey Systems: Theory and Application, vol. 5 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 5 February 2018

Bingjun Li, Weiming Yang and Xiaolu Li

The purpose of this paper is to address and overcome the problem that a single prediction model cannot accurately fit a data sequence with large fluctuations.

Abstract

Purpose

The purpose of this paper is to address and overcome the problem that a single prediction model cannot accurately fit a data sequence with large fluctuations.

Design/methodology/approach

Initially, the grey linear regression combination model was put forward. The Discrete Grey Model (DGM)(1,1) model and the multiple linear regression model were then combined using the entropy weight method. The grain yield from 2010 to 2015 was forecasted using DGM(1,1), a multiple linear regression model, the combined model and a GM(1,N) model. The predicted values were then compared against the actual values.

Findings

The results reveal that the combination model used in this paper offers greater simulation precision. The combination model can be applied to the series with fluctuations and the weights of influencing factors in the model can be objectively evaluated. The simulation accuracy of GM(1,N) model fluctuates greatly in this prediction.

Practical implications

The combined model adopted in this paper can be applied to grain forecasting to improve the accuracy of grain prediction. This is important as data on grain yield are typically characterised by large fluctuation and some information is often missed.

Originality/value

This paper puts the grey linear regression combination model which combines the DGM(1,1) model and the multiple linear regression model using the entropy weight method to determine the results weighting of the two models. It is intended that prediction accuracy can be improved through the combination of models used within this paper.

Details

Grey Systems: Theory and Application, vol. 8 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 1 February 2016

Sifeng Liu, Yingjie Yang, Naiming Xie and Jeffrey Forrest

The purpose of this paper is to summarize the progress in grey system research during 2000-2015, so as to present some important new concepts, models, methods and a new framework…

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Abstract

Purpose

The purpose of this paper is to summarize the progress in grey system research during 2000-2015, so as to present some important new concepts, models, methods and a new framework of grey system theory.

Design/methodology/approach

The new thinking, new models and new methods of grey system theory and their applications are presented in this paper. It includes algorithm rules of grey numbers based on the “kernel” and the degree of greyness of grey numbers, the concept of general grey numbers, the synthesis axiom of degree of greyness of grey numbers and their operations; the general form of buffer operators of grey sequence operators; the four basic models of grey model GM(1,1), such as even GM, original difference GM, even difference GM, discrete GM and the suitable sequence type of each basic model, and suitable range of most used grey forecasting models; the similarity degree of grey incidences, the closeness degree of grey incidences and the three-dimensional absolute degree of grey incidence of grey incidence analysis models; the grey cluster model based on center-point and end-point mixed triangular whitenization functions; the multi-attribute intelligent grey target decision model, the two stages decision model with grey synthetic measure of grey decision models; grey game models, grey input-output models of grey combined models; and the problems of robust stability for grey stochastic time-delay systems of neutral type, distributed-delay type and neutral distributed-delay type of grey control, etc. And the new framework of grey system theory is given as well.

Findings

The problems which remain for further studying are discussed at the end of each section. The reader could know the general picture of research and developing trend of grey system theory from this paper.

Practical implications

A lot of successful practical applications of the new models to solve various problems have been found in many different areas of natural science, social science and engineering, including spaceflight, civil aviation, information, metallurgy, machinery, petroleum, chemical industry, electrical power, electronics, light industries, energy resources, transportation, medicine, health, agriculture, forestry, geography, hydrology, seismology, meteorology, environment protection, architecture, behavioral science, management science, law, education, military science, etc. These practical applications have brought forward definite and noticeable social and economic benefits. It demonstrates a wide range of applicability of grey system theory, especially in the situation where the available information is incomplete and the collected data are inaccurate.

Originality/value

The reader is given a general picture of grey systems theory as a new model system and a new framework for studying problems where partial information is known; especially for uncertain systems with few data points and poor information. The problems remaining for further studying are identified at the end of each section.

Details

Grey Systems: Theory and Application, vol. 6 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 9 August 2022

Bingjun Li, Shuhua Zhang, Wenyan Li and Yifan Zhang

Grey modeling technique is an important element of grey system theory, and academic articles applied to agricultural science research have been published since 1985, proving the…

Abstract

Purpose

Grey modeling technique is an important element of grey system theory, and academic articles applied to agricultural science research have been published since 1985, proving the broad applicability and effectiveness of the technique from different aspects and providing a new means to solve agricultural science problems. The analysis of the connotation and trend of the application of grey modeling technique in agricultural science research contributes to the enrichment of grey technique and the development of agricultural science in multiple dimensions.

Design/methodology/approach

Based on the relevant literature selected from China National Knowledge Infrastructure, the Web of Science, SpiScholar and other databases in the past 37 years (1985–2021), this paper firstly applied the bibliometric method to quantitatively visualize and systematically analyze the trend of publication, productive author, productive institution, and highly cited literature. Then, the literature is combed by the application of different grey modeling techniques in agricultural science research, and the literature research progress is systematically analyzed.

Findings

The results show that grey model technology has broad prospects in the field of agricultural science research. Agricultural universities and research institutes are the main research forces in the application of grey model technology in agricultural science research, and have certain inheritance. The application of grey model technology in agricultural science research has wide applicability and precise practicability.

Originality/value

By analyzing and summarizing the application trend of grey model technology in agricultural science research, the research hotspot, research frontier and valuable research directions of grey model technology in agricultural science research can be more clearly grasped.

Details

Grey Systems: Theory and Application, vol. 12 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 15 January 2024

Chuanmin Mi, Xiaoyi Gou, Yating Ren, Bo Zeng, Jamshed Khalid and Yuhuan Ma

Accurate prediction of seasonal power consumption trends with impact disturbances provides a scientific basis for the flexible balance of the long timescale power system…

Abstract

Purpose

Accurate prediction of seasonal power consumption trends with impact disturbances provides a scientific basis for the flexible balance of the long timescale power system. Consequently, it fosters reasonable scheduling plans, ensuring the safety of the system and improving the economic dispatching efficiency of the power system.

Design/methodology/approach

First, a new seasonal grey buffer operator in the longitudinal and transverse dimensional perspectives is designed. Then, a new seasonal grey modeling approach that integrates the new operator, full real domain fractional order accumulation generation technique, grey prediction modeling tool and fruit fly optimization algorithm is proposed. Moreover, the rationality, scientificity and superiority of the new approach are verified by designing 24 seasonal electricity consumption forecasting approaches, incorporating case study and amalgamating qualitative and quantitative research.

Findings

Compared with other comparative models, the new approach has superior mean absolute percentage error and mean absolute error. Furthermore, the research results show that the new method provides a scientific and effective mathematical method for solving the seasonal trend power consumption forecasting modeling with impact disturbance.

Originality/value

Considering the development trend of longitudinal and transverse dimensions of seasonal data with impact disturbance and the differences in each stage, a new grey buffer operator is constructed, and a new seasonal grey modeling approach with multi-method fusion is proposed to solve the seasonal power consumption forecasting problem.

Highlights

The highlights of the paper are as follows:

  1. A new seasonal grey buffer operator is constructed.

  2. The impact of shock perturbations on seasonal data trends is effectively mitigated.

  3. A novel seasonal grey forecasting approach with multi-method fusion is proposed.

  4. Seasonal electricity consumption is successfully predicted by the novel approach.

  5. The way to adjust China's power system flexibility in the future is analyzed.

A new seasonal grey buffer operator is constructed.

The impact of shock perturbations on seasonal data trends is effectively mitigated.

A novel seasonal grey forecasting approach with multi-method fusion is proposed.

Seasonal electricity consumption is successfully predicted by the novel approach.

The way to adjust China's power system flexibility in the future is analyzed.

Details

Grey Systems: Theory and Application, vol. 14 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 17 August 2012

Huang Chang Mei, Shen Wei Hua and Xiao Xiao Cong

The paper attempts to establish GM(1,1) grey prediction model group for the top three Olympic track and field sports performance, and to predict the 30th London Olympic track and…

Abstract

Purpose

The paper attempts to establish GM(1,1) grey prediction model group for the top three Olympic track and field sports performance, and to predict the 30th London Olympic track and field results and its tendency using grey systems theory.

Design/methodology/approach

Athletics sports achievements are influenced by many factors, such as the physical quality, athletes individual growth cycle, and injuring or retirement of excellent athletes, the outstanding performance of some athletes, the using of high‐tech sports training instrument, the implementation plan of scientific training guidance, the introduction of advanced technology, facilities and improvement, and so on. Those aspects can make the match result uncertain, which are running in a uncertain and continually changing environment, so sports achievements have obviously grey features. Combined with grey modeling methods, and aimed at the top three Olympic track and field sports performance, this paper established GM (1,1) grey prediction model group and analysed the trend of Olympic track and field. And in the end of the paper, the 30th Olympic men's and women's the top three athletic achievements prediction intervals are also predicted.

Findings

The results show that forecasting model group has high‐precision. In the 46 champions prediction models, three models have the forecast accuracy of 100 percent; 27 models' forecast accuracy are greater than 99.5 percent, and the rest of the models forecast accuracy are greater than 98.58 percent. In the 46 silver medalists prediction models, five models have the forecast accuracy of 100 percent; 33 models' forecast accuracy are greater than 99.5 percent and the rest of the models' forecast accuracy is greater than 98.48 percent. In the 46 bronze medalist prediction models, four models have the forecast accuracy of 100 percent; 25 models' forecast accuracy is greater than 99.5 percent and the rest of the models forecast accuracy is greater than 98.76 percent. The essay deeply analyzes the top three achievements' trend of Olympic Games Track and field. In the end, the paper predicts the 30th Olympic track and field results.

Practical implications

The method exposed in the paper can be used for the short‐term or long‐term prediction of sports scores metering in international competition (such as track and field, swimming, rowing, etc.), and also for personal athletic performance prediction.

Originality/value

The paper succeeds in realising both grey prediction model group for the top three Olympic track and field performance in all projects, and prediction of the 30th London Olympic track and field results by using the newest developed theories: grey systems theory.

Details

Grey Systems: Theory and Application, vol. 2 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 27 November 2020

Huifang Sun, Liping Fang, Yaoguo Dang and Wenxin Mao

A core challenge of assessing regional agricultural drought vulnerability (RADV) is to reveal what vulnerability factors, under which kinds of synergistic combinations and at what…

Abstract

Purpose

A core challenge of assessing regional agricultural drought vulnerability (RADV) is to reveal what vulnerability factors, under which kinds of synergistic combinations and at what strengths, will lead to higher vulnerability: namely, the influence patterns of RADV.

Design/methodology/approach

A two-phased grey rough combined model is proposed to identify influence patterns of RADV from a new perspective of learning and mining historical cases. The grey entropy weight clustering with double base points is proposed to assess degrees of RADV. The simplest decision rules that reflect the complex synergistic relationships between RADV and its influencing factors are extracted using the rough set approach.

Findings

The results exemplified by China's Henan Province in the years 2008–2016 show higher degrees of RADV in the north and west regions of the province, in comparison with the south and east. In the patterns with higher RADV, the higher proportion of agricultural population appears in all decision rules as a core feature. A smaller quantity of water resources per unit of cultivated land area and a lower adaptive capacity, involving levels of irrigation technology and economic development, present a significant synergistic influence relationship that distinguishes the features of higher vulnerability from those of the lower.

Originality/value

The proposed grey rough combined model not only evaluates temporal dynamics and spatial differences of RADV but also extracts the decision rules between RADV and its influencing factors. The identified influence patterns inspire managerial implications for preventing and reducing agricultural drought through its historical evolution and formation mechanism.

Details

Grey Systems: Theory and Application, vol. 12 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Open Access
Article
Publication date: 22 October 2019

Li Xuemei, Yun Cao, Junjie Wang, Yaoguo Dang and Yin Kedong

Research on grey systems is becoming more sophisticated, and grey relational and prediction analyses are receiving close review worldwide. Particularly, the application of grey

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Abstract

Purpose

Research on grey systems is becoming more sophisticated, and grey relational and prediction analyses are receiving close review worldwide. Particularly, the application of grey systems in marine economics is gaining importance. The purpose of this paper is to summarize and review literature on grey models, providing new directions in their application in the marine economy.

Design/methodology/approach

This paper organized seminal studies on grey systems published by Chinese core journal database – CNKI, Web of Science and Elsevier from 1982 to 2018. After searching the aforementioned database for the said duration, the authors used the CiteSpace visualization tools to analyze them.

Findings

The authors sorted the studies according to their countries/regions, institutions, keywords and categories using the CiteSpace tool; analyzed current research characteristics on grey models; and discussed their possible applications in marine businesses, economy, scientific research and education, marine environment and disasters. Finally, the authors pointed out the development trend of grey models.

Originality/value

Although researches are combining grey theory with fractals, neural networks, fuzzy theory and other methods, the applications, in terms of scope, have still not met the demand. With the increasingly in-depth research in marine economics and management, international marine economic research has entered a new period of development. Grey theory will certainly attract scholars’ attention, and its role in marine economy and management will gain considerable significance.

Details

Marine Economics and Management, vol. 2 no. 2
Type: Research Article
ISSN: 2516-158X

Keywords

Article
Publication date: 21 June 2019

Hang Jiang, Yi-Chung Hu, Jan-Yan Lin and Peng Jiang

With the development of economy, China’s OFDI constantly increase in recent year. Meanwhile, OFDI has spillover effect on economic development and technological development of…

Abstract

Purpose

With the development of economy, China’s OFDI constantly increase in recent year. Meanwhile, OFDI has spillover effect on economic development and technological development of home country. Thus, accurate OFDI prediction is a prerequisite for the effective development of international investment strategies. The purpose of this paper is to predict China’s OFDI accurately using a novel multivariable grey prediction model with Fourier series.

Design/methodology/approach

This paper applied a multivariable grey prediction model, GM(1,N), to forecast China’s OFDI. In order to improve the prediction accuracy and without changing local characteristics of grey model prediction, this paper proposed a novel grey prediction model to improve the performance of the traditional GM(1,N) model by combining with residual modification model using GM(1,1) model and Fourier series.

Findings

The coefficients indicate that the export and GDP have positive influence on China’s OFDI, and, according to the prediction result, China’s OFDI shows a growing trend in next five years.

Originality/value

This paper proposed an effective multivariable grey prediction model that combined the traditional GM(1,N) model with a residual modification model in order to predict China’s OFDI. Accurate forecasting of OFDI provides reference for the Chinese Government to implement international investment strategies.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 12 no. 3
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 23 October 2023

Haoze Cang, Xiangyan Zeng and Shuli Yan

The effective prediction of crude oil futures prices can provide a reference for relevant enterprises to make production plans and investment decisions. To the nonlinearity, high…

Abstract

Purpose

The effective prediction of crude oil futures prices can provide a reference for relevant enterprises to make production plans and investment decisions. To the nonlinearity, high volatility and uncertainty of the crude oil futures price, a matrixed nonlinear exponential grey Bernoulli model combined with an exponential accumulation generating operator (MNEGBM(1,1)) is proposed in this paper.

Design/methodology/approach

First, the original sequence is processed by the exponential accumulation generating operator to weaken its volatility. The nonlinear grey Bernoulli and exponential function models are combined to fit the preprocessed sequence. Then, the parameters in MNEGBM(1,1) are matrixed, so the ternary interval number sequence can be modeled directly. Marine Predators Algorithm (MPA) is chosen to optimize the nonlinear parameters. Finally, the Cramer rule is used to derive the time recursive formula.

Findings

The predictive effectiveness of the proposed model is verified by comparing it with five comparison models. Crude oil futures prices in Cushing, OK are predicted and analyzed from 2023/07 to 2023/12. The prediction results show it will gradually decrease over the next six months.

Originality/value

Crude oil futures prices are highly volatile in the short term. The use of grey model for short-term prediction is valuable for research. For the data characteristics of crude oil futures price, this study first proposes an improved model for interval number prediction of crude oil futures prices.

Details

Grey Systems: Theory and Application, vol. 14 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

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