Search results

1 – 10 of over 6000
Article
Publication date: 17 August 2012

Zhensi Lin, Qishan Zhang and Hong Liu

The purpose of this paper is to enhance the forecast precision of GM(1,1) model using an improved artificial fish swarm algorithm.

Abstract

Purpose

The purpose of this paper is to enhance the forecast precision of GM(1,1) model using an improved artificial fish swarm algorithm.

Design/methodology/approach

An optimization model of GM(1,1) model about identifying the parameters is proposed, which takes the minimum of the average relative error as objective function and takes the development coefficient and grey action quantity as decision variables, then an improved artificial fish swarm algorithm is designed to solve the optimization model.

Findings

The results show that the proposed method may enhance the precision of GM(1,1) model, and have better performance than particle swarm optimization.

Practical implications

The method exposed in the paper can be used to optimize the parameters of GM(1,1) model, which is used frequently to solve the economic and management problem.

Originality/value

The paper succeeds in enhancing the forecast precision of GM(1,1) model using an improved artificial fish swarm algorithm.

Details

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

Keywords

Article
Publication date: 20 October 2011

Peirong Ji, Jian Zhang, Hongbo Zou and Wenchen Zheng

The purpose of this paper is to propose a new grey system model used for prediction.

400

Abstract

Purpose

The purpose of this paper is to propose a new grey system model used for prediction.

Design/methodology/approach

It had been proven that the GM(1,1) model is a biased exponential model, the model is fit for non‐negative raw data, which accord with or basically accord with the exponential form and do not have a quick growth rate. Based on the results, an unbiased GM(1,1) model was proposed. With the method of transforming every datum of raw data sequence into its 2‐th root, a new data sequence from the raw data sequence can be produced. The new data sequence is used to establish an unbiased GM(1,1) model and statistical experiments and a practical example in load forecasting are given in the paper.

Findings

The results of statistical experiments and a practical example in load forecasting show the proposed method is effective in increasing the accuracy of the model.

Practical implications

The model exposed in the paper can be used for constructing models of prediction in many fields such as agriculture, electric power, IT, transportation, economics, management, etc.

Originality/value

The paper succeeds in proposing a modified unbiased GM(1,1) model that has high accuracy. The model is applied to the field of load forecasting and the results show the model is better than the unbiased GM(1,1) model. The model proposed has great theoretical and practical value.

Details

Grey Systems: Theory and Application, vol. 1 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 28 October 2013

Xican Li, Yu Tao and Yuan Zheng

– The paper aims to analyze some properties of GM(1,1,β) model based on the principle that the grey GM(1,1) model parameters are grey and adjustable.

262

Abstract

Purpose

The paper aims to analyze some properties of GM(1,1,β) model based on the principle that the grey GM(1,1) model parameters are grey and adjustable.

Design/methodology/approach

At first, according to the principle that grey GM(1,1) model parameters are grey and adjustable, and the GM(1,1,β) model with parameter packet is put forward. Second, some properties of the GM(1,1,β) model are discussed, and the applicable region of the GM(1,1,β) model is given based on the grey differential equation of the GM(1,1,β) model. At last, the background value coefficient's calculation formula and optimization algorithm of the GM(1,1,β) model are also given. A numeric example is also computed in the last part of the paper.

Findings

The result of the study shows that the application scope of the GM(1,1,β) model is (−8,+8).

Practical implications

The GM(1,1,β) model provides the theoretical basis for the GM(1,1) model's optimization and can hence forecast its precision.

Originality/value

The paper succeeds in realizing the GM(1,1) model's application scope (−2,+2) is broadened to (−8,+8).

Details

Grey Systems: Theory and Application, vol. 3 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 28 October 2013

Jing Ye, Bingjun Li and Fang Liu

This paper aims to find an effective and standardized function transformation method to apply in both high-growth original data sequences and low-growth original data sequences…

Abstract

Purpose

This paper aims to find an effective and standardized function transformation method to apply in both high-growth original data sequences and low-growth original data sequences, which can improve the accuracy of model prediction in GM(1, 1) forecast.

Design/methodology/approach

In GM(1, 1) forecast, many original data sequences need to meet the quasi-exponential characteristic by methods of function transformation. However, many methods of function transformation have complex transformation processes or narrow application range. On the basis of the research results of Ye and Li, the paper presents a standardized approach based on to original data sequences and designs four situations of the standardized approach. By using high-growth and low-growth original data sequences as the objects, respectively, the paper verifies the effectiveness of the proposed method and compares the forecasting effects of GM(1, 1) based on function transformation with the original GM(1, 1).

Findings

Most of the results show that function transformations can improve the accuracy of the conventional GM(1, 1) forecast, and transform is a powerful tool to effectively process original data sequence of GM(1, 1) modeling.

Practical implications

GM(1, 1) forecast have been widely used in many fields such as agriculture, economy, meteorology, and geology. The proposed method in this paper can effectively apply to prediction of high-growth original data sequences and low-growth original data sequences, to some extent, enrich and deepen application of GM(1, 1) forecast.

Originality/value

The paper succeeds in providing a standardized approach based on and designs four intensity levels for different data sequences based on the standardized approach.

Details

Grey Systems: Theory and Application, vol. 3 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 16 October 2009

Nai‐Ming Xie and Si‐Feng Liu

The purpose of this paper is to study the parameters' properties of GM(n, h) model on the basis of multiple transformation and the relationship of GM(n, h) model and other grey…

118

Abstract

Purpose

The purpose of this paper is to study the parameters' properties of GM(n, h) model on the basis of multiple transformation and the relationship of GM(n, h) model and other grey models.

Design/methodology/approach

Multiple transformation property of parameters is important to construct a grey model. However, there is no research on the property of GM(n, h) model, therefore it is meaningful to study the relationship between GM(n, h) model and other grey models.

Findings

The multiple transformation property of parameters of GM(n, h) model is recognized. The parameters' value is dependent on multiple transformation value. The values of simulative and predicative are only dependent to the multiple transformation of the main variable and independent to other variables.

Research limitations/implications

The properties of other grey models could be obtained by analyzing the property of GM(n, h) model.

Practical implications

It is a very useful result for constructing a grey model.

Originality/value

This paper discusses multiple transformation property of GM(n, h) model and the relationship between the GM(n, h) model and other grey models. These grey models are put into a common model and the affections that parameters' multiple transformation caused to the model are studied.

Details

Kybernetes, vol. 38 no. 10
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 28 January 2011

Xinping Xiao and Kunkun Peng

The purpose of this paper is to establish a new model for non‐equidistance sequence and research affine properties of the new model.

1645

Abstract

Purpose

The purpose of this paper is to establish a new model for non‐equidistance sequence and research affine properties of the new model.

Design/methodology/approach

Generalized non‐equidistance GM(1,1) model is put forward based on generalized accumulated generating operation (AGO) theory, and particle swarm optimization is used to solve the parameters of the new model, then affine properties of the new model are researched based on matrix analysis.

Findings

The results are convincing: the simulation and prediction precisions of generalized non‐equidistance GM(1,1) model are raised greatly, and it is proved that the affine transformation sequence has the same simulative accuracy with the raw sequence for generalized non‐equidistance GM(1,1) model.

Practical implications

The method exposed in the paper can be used to model and predict for non‐equidistance sequence in the practical problem.

Originality/value

The paper succeeds in establishing a new non‐equidistance grey model and obtaining the affine properties of generalized non‐equidistance GM(1,1) model.

Details

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

Keywords

Article
Publication date: 27 January 2012

Tianxiang Yao, Jeffery Forrest and Zaiwu Gong

The purpose of this paper is to expand discrete GM (1,1) model and solve the problem of non‐equidistance grey prediction problem with integral interval or digital interval.

1168

Abstract

Purpose

The purpose of this paper is to expand discrete GM (1,1) model and solve the problem of non‐equidistance grey prediction problem with integral interval or digital interval.

Design/methodology/approach

Discrete GM (1,1) model can be utilized to simulate exponential sequence without errors, but it can't be utilized to simulate non‐equidistance data sequence. This paper applied optimization theories to establish generalized discrete GM (1,1) model. First, this paper established the time response of simulation sequence directly. Second, this paper established the steps of non‐equidistance data sequence. Finally, this paper utilized examples to test the method put forward.

Findings

The results indicate the generalized discrete GM (1,1) (GDGM) model can perfectly simulate non‐equidistance exponential series. Discrete GM (1,1) model is only the special form of GDGM model.

Practical implications

Though grey forecasting models are widely used, most of the forecasting models are based on the equal distance sequence. Due to many reasons, the raw data available usually is incomplete. There are mainly four reasons which caused non‐equidistance sequence. So generalized discrete GM (1,1) model can be utilized to simulate non‐equidistance sequence and has great application values.

Originality/value

The paper succeeds in establishing a generalized discrete GM (1,1) model which can be utilized to solve non‐equidistance data sequence forecasting. The GDGM model can be solved by MATLAB or other corresponding software.

Details

Grey Systems: Theory and Application, vol. 2 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 10 April 2009

Lu Caimei, Hao Yonghong and Wang Xuemeng

The purpose of this paper is to apply grey system theory to population system and project China's population.

688

Abstract

Purpose

The purpose of this paper is to apply grey system theory to population system and project China's population.

Design/methodology/approach

The paper applies the GM(1,1) model to China's population projections. Two key aspects of the method are crucial for obtaining best accuracy of prediction. They are the choice of the length for the original data to be used in the model and the adoption of the GM(1,1) metabolic model in prediction. The former determines what initial data to be used while the latter describes an iteration process on how to proceed to predict.

Findings

The results show that in 2015 China's population will reach 1.37 billion and in 2050 it will be between 1.42 and 1.48 billion, which is in accordance with the latest projections from the UN. The findings show the GM(1,1) metabolic model is an effective mathematical means in population projections.

Research limitations/implications

The paper suggests that GM(1,1) metabolic model can provide an effective simulation model for complicated systems with uncertainty and can be used in many fields.

Practical implications

The paper provides useful advice for the department of population.

Originality/value

Most population projections have been based on assumptions about fertility, mortality, and migration. The paper considers the population system as a grey system and introduces the GM(1,1) metabolic model to population projections.

Details

Kybernetes, vol. 38 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 29 August 2019

Subing Liu, Yin Chunwu and Cao Dazhi

The purpose of this paper is to provide a new recursive GM (1,1) model based on forgetting factor and apply it to the modern weapon and equipment system.

Abstract

Purpose

The purpose of this paper is to provide a new recursive GM (1,1) model based on forgetting factor and apply it to the modern weapon and equipment system.

Design/methodology/approach

In order to distinguish the contribution of new and old data to the grey prediction model with new information, the authors add forgetting factor to the objective function. The purpose of the above is to realize the dynamic weighting of new and old modeling data, and to gradually forget the old information. Second, the recursive estimation algorithm of grey prediction model parameters is given, and the new information is added in real time to improve the prediction accuracy of the model.

Findings

It is shown that the recursive GM (1,1) model based on forgetting factor can achieve both high effectiveness and high efficiency.

Originality/value

The paper succeeds in proposing a recursive GM (1,1) model based on forgetting factor, which has high accuracy. The model is applied to the field of modern weapon and equipment system and the result the model is better than the GM(1,1) model. The experimental results show the effectiveness and the efficiency of the prosed method.

Article
Publication date: 10 April 2009

Luo Youxin, Wu Xiao, Li Min and Cai Anhui

The purpose of this paper is to overcome the deficiency of the current GM(1,N) such as low‐prediction precision, extend the scope of GM(1,N) and provide an effective grey dynamic…

352

Abstract

Purpose

The purpose of this paper is to overcome the deficiency of the current GM(1,N) such as low‐prediction precision, extend the scope of GM(1,N) and provide an effective grey dynamic model GM(1,N) for the relationship of cost and variability.

Design/methodology/approach

The relationship between two factors of variety and the cost of manufacturing system is studied on the basis of the variety reduction program theory. Based on the Grey system and the gradient algorithm, a Grey dynamic model GM(1,N) is proposed between cost and variety by optimizing the coefficient and background value of the model which is used to check validity for the relation of plasm‐yarn machine product and variety.

Findings

The proposed Grey dynamic prediction model GM(1,N) for the relationship of cost and variability has high precision and easy‐to‐use.

Research limitations/implications

A Grey model GM(1,N) for prediction is proposed.

Practical implications

The proposed model should also have potential for multifactor system prediction in engineering.

Originality/value

The deficiency of the current GM(1,N) is overcome, the scope of GM(1,N) is extended and the proposed Grey dynamic model GM(1,N) has high‐prediction precision.

Details

Kybernetes, vol. 38 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

1 – 10 of over 6000