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1 – 10 of 340
Open Access
Article
Publication date: 3 September 2020

Zhaosu Meng, Xiaotong Liu, Kedong Yin, Xuemei Li and Xinchang Guo

The purpose of this paper is to examine the effectiveness of an improved dummy variables control grey model (DVCGM) considering the hysteresis effect of government policies in…

1388

Abstract

Purpose

The purpose of this paper is to examine the effectiveness of an improved dummy variables control grey model (DVCGM) considering the hysteresis effect of government policies in China's energy intensity (EI) forecasting.

Design/methodology/approach

Energy consumption is considered as an important driver of economic development. China has introduced policies those aim at the optimization of energy structure and EI. In this study, EI is forecasted by an improved DVCGM, considering the hysteresis effect of energy-saving policies of the government. A nonlinear optimization method based on particle swarm optimization (PSO) algorithm is constructed to calculate the hysteresis parameter. A one-step rolling mechanism is applied to provide input data of the prediction model. Grey model (GM) (1, N), DVCGM (1, N) and ARIMA model are applied to test the accuracy of the improved DVCGM (1, N) model prediction.

Findings

The results show that the improved DVCGM provides reliable results and works well in simulation and predictions using multivariable data in small sample size and time-lag virtual variable. Accordingly, the improved DVCGM notes the hysteresis effect of government policies and significantly improves the prediction accuracy of China's EI than the other three models.

Originality/value

This study estimates the EI considering the hysteresis effect of energy-saving policies in China by using an improved DVCGM. The main contribution of this paper is to propose a model to estimate EI, considering the hysteresis effect of energy-saving policies and improve forecasting accuracy.

Details

Grey Systems: Theory and Application, vol. 11 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Open Access
Article
Publication date: 25 July 2023

Haojun Xu and Na Li

The purpose of this paper is to explore the internal interaction mechanism of marine scientific research and education, industrial structure upgrading and marine economic growth…

Abstract

Purpose

The purpose of this paper is to explore the internal interaction mechanism of marine scientific research and education, industrial structure upgrading and marine economic growth from a systematic perspective, based on which this work forecasts their future development trends.

Design/methodology/approach

In this study, a multivariate grey model is applied to the prediction of marine scientific research and education, industrial structure upgrading and marine economic growth. Considering the impact of the COVID-19 on marine development, this paper introduces the weakening buffer operator into MGM(1,m) and constructs the AWBO-MGM(1,m) model. To verify the validity and accuracy of the new model, this paper uses AWBO-MGM(1,m), MGM(1,m), GM(1,N), GM(1,1), back propagation neural network and linear regression models for simulation and prediction based on the data from 2010 to 2021, respectively.

Findings

From the theoretical perspective, the development of marine scientific research and education can accelerate industrial upgrading and promote marine economic growth by providing high-quality talents, promoting marine science and technology progress and reducing transaction costs; while the upgrading of marine industrial structure and marine economic growth can promote the development of marine scientific research and education by guiding social capital, enhancing talent demand and stimulating market vitality. From the empirical analysis, the AWBO-MGM(1,m) model can effectively deal with epidemic shocks and has higher fitting and prediction accuracy than the other five comparative models.

Practical implications

The government should pay attention to the construction of marine scientific research and education, so as to provide high-quality talents and advanced scientific research results for the high-quality development of marine economy. On the basis of using science and technology to firmly build the primary and secondary marine industries, the government should actively guide the labor, capital and other factors of production to the tertiary industry, thereby promoting the optimization and upgrading of marine industrial structure.

Originality/value

On the one hand, the interplay mechanism of marine scientific research and education, industrial structure upgrading and marine economic growth is analyzed from a systematic perspective; on the other hand, the enhanced AWBO-MGM(1,m) possesses higher forecasting performance and is applicable to the systemic multivariate forecasting problem in the presence of outstanding external shocks.

Details

Marine Economics and Management, vol. 6 no. 1
Type: Research Article
ISSN: 2516-158X

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…

3405

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

Open Access
Article
Publication date: 12 September 2023

Fulin Shang, Xiyue Teng and Minyoung Park

The purpose of this study is to quantify port efficiency assessment indicators to analyze the impact of COVID-19 on Chinese One Belt One Road (OBOR) ports.

1717

Abstract

Purpose

The purpose of this study is to quantify port efficiency assessment indicators to analyze the impact of COVID-19 on Chinese One Belt One Road (OBOR) ports.

Design/methodology/approach

This study utilized a grey prediction model GM(1,1) to forecast five relevant indicators for each of the 17 OBOR ports both with and without COVID-19 background conditions. Additionally, the data envelopment analysis (DEA) efficiency assessment approach was used to analyze the impact of COVID-19 on port efficiency.

Findings

The results indicate that cargo and container throughput growth rates during the COVID-19 pandemic are reduced by 1.7 and 2.1%, respectively. There was also a noticeable reduction in technological efficiency (TE) as well as pure technological efficiency (PTE), while scale efficiency (SE) remained largely unaffected. Furthermore, the dynamic efficiency MI was mainly negatively impacted by changes in overall efficiency change (EFFCH), where pure efficiency change (PECH) less than one contributed significantly towards overall regression of port efficiencies during this period.

Originality/value

This paper is unique in its use of a combination of the grey prediction model and DEA efficiency assessment to quantify changes in important indicators during pandemic periods. This approach not only provides a quantitative understanding of the impact on port-level efficiency through numerical quantification but also offers readers an intuitive understanding.

Details

Journal of International Logistics and Trade, vol. 21 no. 4
Type: Research Article
ISSN: 1738-2122

Keywords

Content available
Article
Publication date: 27 April 2023

Weiliang Zhang, Sifeng Liu, Lianyi Liu, R.M. Kapila Tharanga Rathnayaka, Naiming Xie and Junliang Du

China's population aging is gradually deepening and needs to be actively addressed. The purpose of this paper is to construct a novel model for analyzing the population aging.

Abstract

Purpose

China's population aging is gradually deepening and needs to be actively addressed. The purpose of this paper is to construct a novel model for analyzing the population aging.

Design/methodology/approach

To analyze the aging status of a region, this study has considered three major indicators: total population, aged population and the proportion of the aged population. Additionally, the authors have developed a novel grey population prediction model that incorporates the fractional-order accumulation operator and Gompertz model (GM). By combining these techniques, the authors' model provides a comprehensive and accurate prediction of population aging trends in Jiangsu Province. This research methodology has the potential to contribute to the development of effective policy solutions to address the challenges posed by the population aging.

Findings

The fractional-order discrete grey GM is suitable for predicting the aging population and has good performance. The population aging of Jiangsu Province will continue to deepen in the next few years.

Practical implications

The proposed model can be used to predict and analyze aging differences in Jiangsu Province. Based on the prediction and analysis results, identified some corresponding countermeasures are suggested to address the challenges of Jiangsu's future aging problem.

Originality/value

The fractional-order discrete grey GM is firstly proposed in this paper and this model is a novel grey population prediction model with good performance.

Details

Grey Systems: Theory and Application, vol. 13 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Open Access
Article
Publication date: 4 April 2023

Matteo Podrecca and Marco Sartor

The aim of this paper is to present the first diffusion analysis of ISO/IEC 27001, the fourth most popular ISO certification at global level and the most important standard for…

1534

Abstract

Purpose

The aim of this paper is to present the first diffusion analysis of ISO/IEC 27001, the fourth most popular ISO certification at global level and the most important standard for information security.

Design/methodology/approach

To achieve the purposes, the authors applied Grey Models (GM) – Even GM (1,1), Even GM (1,1,α,θ), Discrete GM (1,1), Discrete GM (1,1,α) – complemented by the relative growth rate and the doubling time indexes on the six most important countries in terms of issued certificates.

Findings

Results show that a growing trend is likely to be expected in the years to come and that China will lead at country level.

Originality/value

The study contributes to the scientific debate by presenting the first diffusive analysis of ISO/IEC 27001 and by proposing a forecasting approach that to date has found little application in the field of international standards.

Open Access
Article
Publication date: 14 May 2024

Yuyu Sun, Yuchen Zhang and Zhiguo Zhao

Considering the impact of the Free Trade Zone (FTZ) policy on forecasting the port cargo throughput, this paper constructs a fractional grey multivariate forecasting model to…

Abstract

Purpose

Considering the impact of the Free Trade Zone (FTZ) policy on forecasting the port cargo throughput, this paper constructs a fractional grey multivariate forecasting model to improve the prediction accuracy of port cargo throughput and realize the coordinated development of FTZ policymaking and port construction.

Design/methodology/approach

Considering the effects of data randomization, this paper proposes a novel self-adaptive grey multivariate prediction model, namely FDCGM(1,N). First, fractional-order accumulative generation operation (AGO) is introduced, which integrates the policy impact effect. Second, the heuristic grey wolf optimization (GWO) algorithm is used to determine the optimal nonlinear parameters. Finally, the novel model is then applied to port scale simulation and forecasting in Tianjin and Fujian where FTZs are situated and compared with three other grey models and two machine learning models.

Findings

In the Tianjin and Fujian cases, the new model outperforms the other comparison models, with the least mean absolute percentage error (MAPE) values of 6.07% and 4.16% in the simulation phase, and 6.70% and 1.63% in the forecasting phase, respectively. The results of the comparative analysis find that after the constitution of the FTZs, Tianjin’s port cargo throughput has shown a slow growth trend, and Fujian’s port cargo throughput has exhibited rapid growth. Further, the port cargo throughput of Tianjin and Fujian will maintain a growing trend in the next four years.

Practical implications

The new multivariable grey model can effectively reduce the impact of data randomness on forecasting. Meanwhile, FTZ policy has regional heterogeneity in port development, and the government can take different measures to improve the development of ports.

Originality/value

Under the background of FTZ policy, the new multivariable model can be used to achieve accurate prediction, which is conducive to determining the direction of port development and planning the port layout.

Details

Marine Economics and Management, vol. 7 no. 1
Type: Research Article
ISSN: 2516-158X

Keywords

Open Access
Article
Publication date: 31 May 2024

Zirui Zeng, Junwen Xu, Shiwei Zhou, Yufeng Zhao and Yansong Shi

To achieve sustainable development in shipping, accurately identifying the impact of artificial intelligence on shipping carbon emissions and predicting these emissions is of…

Abstract

Purpose

To achieve sustainable development in shipping, accurately identifying the impact of artificial intelligence on shipping carbon emissions and predicting these emissions is of utmost importance.

Design/methodology/approach

A multivariable discrete grey prediction model (WFTDGM) based on weakening buffering operator is established. Furthermore, the optimal nonlinear parameters are determined by Grey Wolf optimization algorithm to improve the prediction performance, enhancing the model’s predictive performance. Subsequently, global data on artificial intelligence and shipping carbon emissions are employed to validate the effectiveness of our new model and chosen algorithm.

Findings

To demonstrate the applicability and robustness of the new model in predicting marine shipping carbon emissions, the new model is used to forecast global marine shipping carbon emissions. Additionally, a comparative analysis is conducted with five other models. The empirical findings indicate that the WFTDGM (1, N) model outperforms other comparative models in overall efficacy, with MAPE for both the training and test sets being less than 4%, specifically at 0.299% and 3.489% respectively. Furthermore, the out-of-sample forecasting results suggest an upward trajectory in global shipping carbon emissions over the subsequent four years. Currently, the application of artificial intelligence in mitigating shipping-related carbon emissions has not achieved the desired inhibitory impact.

Practical implications

This research not only deepens understanding of the mechanisms through which artificial intelligence influences shipping carbon emissions but also provides a scientific basis for developing effective emission reduction strategies in the shipping industry, thereby contributing significantly to green shipping and global carbon reduction efforts.

Originality/value

The multi-variable discrete grey prediction model developed in this paper effectively mitigates abnormal fluctuations in time series, serving as a valuable reference for promoting global green and low-carbon transitions and sustainable economic development. Furthermore, based on the findings of this paper, a grey prediction model with even higher predictive performance can be constructed by integrating it with other algorithms.

Open Access
Article
Publication date: 7 August 2017

Ali M. Abdulshahed, Andrew P. Longstaff and Simon Fletcher

The purpose of this paper is to produce an intelligent technique for modelling machine tool errors caused by the thermal distortion of Computer Numerical Control (CNC) machine…

1646

Abstract

Purpose

The purpose of this paper is to produce an intelligent technique for modelling machine tool errors caused by the thermal distortion of Computer Numerical Control (CNC) machine tools. A new metaheuristic method, the cuckoo search (CS) algorithm, based on the life of a bird family is proposed to optimize the GMC(1, N) coefficients. It is then used to predict thermal error on a small vertical milling centre based on selected sensors.

Design/methodology/approach

A Grey model with convolution integral GMC(1, N) is used to design a thermal prediction model. To enhance the accuracy of the proposed model, the generation coefficients of GMC(1, N) are optimized using a new metaheuristic method, called the CS algorithm.

Findings

The results demonstrate good agreement between the experimental and predicted thermal error. It can therefore be concluded that it is possible to optimize a Grey model using the CS algorithm, which can be used to predict the thermal error of a CNC machine tool.

Originality/value

An attempt has been made for the first time to apply CS algorithm for calibrating the GMC(1, N) model. The proposed CS-based Grey model has been validated and compared with particle swarm optimization (PSO) based Grey model. Simulations and comparison show that the CS algorithm outperforms PSO and can act as an alternative optmization algorithm for Grey models that can be used for thermal error compensation.

Details

Grey Systems: Theory and Application, vol. 7 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Content available
Article
Publication date: 20 December 2021

Mei-Ling Cheng, Ching-Wu Chu and Hsiu-Li Hsu

This paper aims to compare different univariate forecasting methods to provide a more accurate short-term forecasting model on the crude oil price for rendering a reference to…

1354

Abstract

Purpose

This paper aims to compare different univariate forecasting methods to provide a more accurate short-term forecasting model on the crude oil price for rendering a reference to manages.

Design/methodology/approach

Six different univariate methods, namely the classical decomposition model, the trigonometric regression model, the regression model with seasonal dummy variables, the grey forecast, the hybrid grey model and the seasonal autoregressive integrated moving average (SARIMA), have been used.

Findings

The authors found that the grey forecast is a reliable forecasting method for crude oil prices.

Originality/value

The contribution of this research study is using a small size of data and comparing the forecasting results of the six univariate methods. Three commonly used evaluation criteria, mean absolute error (MAE), root mean squared error (RMSE) and mean absolute percent error (MAPE), were adopted to evaluate the model performance. The outcome of this work can help predict the crude oil price.

Details

Maritime Business Review, vol. 8 no. 1
Type: Research Article
ISSN: 2397-3757

Keywords

1 – 10 of 340