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Article
Publication date: 25 January 2013

Zhang ke

The purpose of this paper is to establish a random simulation method to compare the forecasting performance between grey prediction models, and between grey model and other kinds…

Abstract

Purpose

The purpose of this paper is to establish a random simulation method to compare the forecasting performance between grey prediction models, and between grey model and other kinds of prediction models. Then, the different performance of three grey models and linear regression prediction model is studied, based on the proposed method.

Design/methodology/approach

A random simulation method was proposed to test the modelling accuracy of grey prediction model. This method was enlightened by Monte Carlo simulation method. It regarded a class of sequences as population, and selected a large sample from population though random sampling. Then, sample sequences were modeled by grey prediction model. Through modeling error calculation, the average error of grey model for the sample was obtained. Finally, the grey model accuracy for this kind of problem was acquired by statistical inference testing model. Through the statistical significant test method, the modeling accuracy of grey models for the same problem can be compared. Also, accuracy difference between grey prediction model and regression analysis, support vector machine, neural network, and other forecasting methods can be also compared.

Findings

Though random simulation experiments, the following conclusion was obtained. First, grey model can be applied to the long sequence whose growth rate was less than 20 per cent, and the short sequence whose growth rate was less than 50 per cent. Second, GM(1,1) cannot be applied to a long sequence with high growth. Third, growth rate was a more important factor than growth length on modeling accuracy of GM(1,1). Fourth, when the sequence length was short, accuracy of GM(1,1) model was higher than linear regression. While the length of the sequence was more than 15, and the growth rate in [0‐10 per cent], two kinds of modeling error was not significantly different.

Practical implications

The method proposed in the paper can be used to compare the performance of different prediction models, and to select appropriate model for a prediction problem.

Originality/value

The paper succeeded in establishing an accuracy test method for grey models and other prediction models. It will standardize the grey modelling and contribute to application of grey models.

Details

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

Keywords

Article
Publication date: 28 January 2011

Si‐feng Liu, Nai‐ming Xie and Jeffrey Forrest

The purpose of this paper is to solve the problems existing in traditional grey incidence models and advance several new grey incidence models based on visual angle of similarity…

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Abstract

Purpose

The purpose of this paper is to solve the problems existing in traditional grey incidence models and advance several new grey incidence models based on visual angle of similarity and nearness.

Design/methodology/approach

Based on the definition of traditional grey incidence models, two novel grey incidence models, grey similar incidence model and grey close incidence model, are studied in this paper. The interrelations and influence can be measured by the new models with different visual angle of similarity and/or nearness, respectively. The grey similar incidence model is used mainly to measure the similitude degree of the geometric patterns of sequence curves. The grey close incidence model is used mainly to measure the nearness of the sequence curves in space. The properties of the new models are discussed. It is proved that the proposed models are simplified methods to calculate the similitude degree and the close degree of grey incidence models.

Findings

The results show that the two novel grey incidence models satisfy the grey incidence axiom properly. It is useful to calculate the similitude degree and the close degree of two different sequences, and the process of calculating is easier than with traditional grey incidence models.

Practical implications

The method exposed in the paper can be used to calculate every two sequences. The similitude degree and the close degree of two different sequences can be given out. The method can also be used to rank sequences of more than two.

Originality/value

The paper succeeds in constructing two novel grey incidence models. The properties of novel model are studied and it is undoubtedly a new development in grey systems theory.

Details

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

Keywords

Article
Publication date: 29 July 2014

Jie Cui, Naiming Xie, Hongyan Ma, Hong liang Hu, Zhengya Yang and Chaoqing Yuan

– The purpose of this paper is to study the properties of derived grey verhulst prediction model with multiplication transformation and reduce its modeling complexity.

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Abstract

Purpose

The purpose of this paper is to study the properties of derived grey verhulst prediction model with multiplication transformation and reduce its modeling complexity.

Design/methodology/approach

The paper discussed the parameter characteristics of grey derived verhulst model under multiple transformation, and demonstrated its effect on its simulative value and predictive value by investigating the multiple transformation acting on the raw data sequence of this grey model. The parameter characteristics of this model under multiple transformations and its effect of the simulation value and forecasting value are analyzed by studying the properties of multiply transformation of this model.

Findings

The research finding shows that the modeling accuracy of derived grey verhulst model is in no relation to multiple transformations.

Practical implications

The above results imply that the data level can be reduced; the process of building derived grey verhulst model can be simplified; but the simulative and predictive accuracy of this model remain unchanged.

Originality/value

The paper succeeds in realising the properties of derived grey verhulst model by using the method of multiplication transformation, which is helpful to understand the modeling mechanism and expand the application range of derived grey verhulst model.

Details

Grey Systems: Theory and Application, vol. 4 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 2 November 2015

Si-feng Liu, Yingjie Yang, Zhi-geng Fang and Naiming Xie

The purpose of this paper is to present two novel grey cluster evaluation models to solve the difficulty in extending the bounds of each clustering index of grey cluster…

Abstract

Purpose

The purpose of this paper is to present two novel grey cluster evaluation models to solve the difficulty in extending the bounds of each clustering index of grey cluster evaluation models.

Design/methodology/approach

In this paper, the triangular whitenization weight function corresponding to class 1 is changed to a whitenization weight function of its lower measures, and the triangular whitenization weight function corresponding to class s is changed to a whitenization weight function of its upper measures. The difficulty in extending the bound of each clustering indicator is solved with this improvement.

Findings

The findings of this paper are the novel grey cluster evaluation models based on mixed centre-point triangular whitenization weight functions and the novel grey cluster evaluation models based on mixed end-point triangular whitenization weight functions.

Practical implications

A practical evaluation and decision problem for some projects in a university has been studied using the new triangular whitenization weight function.

Originality/value

Particularly, compared with grey variable weight clustering model and grey fixed weight clustering model, the grey cluster evaluation model using whitenization weight function is more suitable to be used to solve the problem of poor information clustering evaluation. The grey cluster evaluation model using endpoint triangular whitenization weight functions is suitable for the situation that all grey boundary is clear, but the most likely points belonging to each grey class are unknown; the grey cluster evaluation model using centre-point triangular whitenization weight functions is suitable for those problems where it is easier to judge the most likely points belonging to each grey class, but the grey boundary is not clear.

Details

Grey Systems: Theory and Application, vol. 5 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 19 August 2011

Nai‐ming Xie and Si‐feng Liu

This paper aims to construct a novel grey relational model based on grey number sequences and to solve the problems which exist in traditional grey relational models, in which the…

Abstract

Purpose

This paper aims to construct a novel grey relational model based on grey number sequences and to solve the problems which exist in traditional grey relational models, in which the uncertain information cannot be described.

Design/methodology/approach

Based on the definition of traditional grey relational models, considering the limited information and knowledge, the algorithm of grey numbers was combined with the grey relational model. A general formula of grey operations and grey distance is defined. A novel grey relational model based on grey number sequences, named grey geometrical relational model, is proposed according to the definition of grey distance. Finally, several properties including parallel, multiple and order‐keeping about the proposed model are discussed.

Findings

The results show that the novel grey relational model satisfies the properties properly. It is useful to calculate the relational degree of two different grey number sequences. And the process of calculating is easier than traditional grey relational models.

Practical implications

The method exposed in the paper can be used to calculate every two sequences. The method can also be used to rank sequences of more than two.

Originality/value

The paper succeeds in constructing a novel grey relational model. The properties of novel model are studied and it is a new development in grey systems theory undoubtedly.

Details

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

Keywords

Article
Publication date: 3 August 2012

Ke Zhang, Wei Ye and Liping Zhao

This paper attempts to extend classic absolute degree of grey incidence so that the extended model can be used for grey number sequences.

Abstract

Purpose

This paper attempts to extend classic absolute degree of grey incidence so that the extended model can be used for grey number sequences.

Design/methodology/approach

The classic absolute degree of grey incidence was extended according to basic principles of grey incidence analysis. First, modelling methods and theories of the classic grey incidences were summarized. Then, the zeroing starting operator in grey incidence was extended for grey sequence. Third, the parameters in classic incidence degree were redefined, and an absolute degree of grey incidence for grey number sequences was proposed. The degree can not only be applied to grey number sequence, but also contains the uncertain information of analysis result. Fourth, two non‐linear programming models were constructed to estimate the grey coverage interval of absolute degree of incidences. Finally, the comparison method of grey numbers was introduced for sorting the different absolute degrees of incidences.

Findings

A theoretically feasible absolute degree of grey incidence was constructed for grey sequence. A case study showed that the proposed incidence degree was an effective method for grey sequence incidence analysis.

Practical implications

The method exposed in the paper can be used for grey sequences clustering, grey decision making, multi‐attribute decision making theory, uncertain target recognition and other related fields.

Originality/value

The paper succeeded in establishing an incidence analysis model for grey sequences which was still a research gap in grey system theory.

Article
Publication date: 29 July 2014

Xiaoning Li, Xinbo Liao, Xuerui Tan and Haijing Wang

The purpose of this paper is to evaluate resource configuration and service ability in hospital on public private partnership (PPP) model (Chaonan Minsheng Hospital of Guangdong…

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Abstract

Purpose

The purpose of this paper is to evaluate resource configuration and service ability in hospital on public private partnership (PPP) model (Chaonan Minsheng Hospital of Guangdong Province), supplying decision-making reference for participants of hospital on PPP model.

Design/methodology/approach

Four model of grey relational analysis (GRA) (Deng's correlation degree, grey absolute correlation degree, grey relative correlation degree and grey comprehensive correlation degree) are applied to evaluate resource configuration and service ability, a total of 11 indicators of hospital on PPP model public hospital and private hospital from 2007 to 2011.

Findings

The paper finds that different GRA models have different results when the paper applied them to evaluate resource configuration and service ability in hospital on PPP model. More than 60 per cent indicators of resource configuration (total six indicators) and service ability (total six indicators) are assessed as “hospital on PPP model ≻ public hospital” or “hospital on PPP model≻ private hospital” from three models of Deng's correlation degree, grey absolute correlation degree and grey comprehensive correlation degree.

Practical implications

Evaluation of resource configuration and service ability for hospital on PPP model with GRA makes results quantified objective and provides reference for decision making and management. GRA makes the comparison of resource configuration and service ability between hospital on PPP model and other model hospitals becoming possible.

Originality/value

The shortcoming for data analysis method of “large sample” is overcome and data analysis method of “small sample” is realized by using GRA, which broaden the method of evaluating hospital on PPP model.

Details

Grey Systems: Theory and Application, vol. 4 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 27 March 2024

Xiaomei Liu, Bin Ma, Meina Gao and Lin Chen

A time-varying grey Fourier model (TVGFM(1,1,N)) is proposed for the simulation of variable amplitude seasonal fluctuation time series, as the performance of traditional grey

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Abstract

Purpose

A time-varying grey Fourier model (TVGFM(1,1,N)) is proposed for the simulation of variable amplitude seasonal fluctuation time series, as the performance of traditional grey models can't catch the time-varying trend well.

Design/methodology/approach

The proposed model couples Fourier series and linear time-varying terms as the grey action, to describe the characteristics of variable amplitude and seasonality. The truncated Fourier order N is preselected from the alternative order set by Nyquist-Shannon sampling theorem and the principle of simplicity, then the optimal Fourier order is determined by hold-out method to improve the robustness of the proposed model. Initial value correction and the multiple transformation are also studied to improve the precision.

Findings

The new model has a broader applicability range as a result of the new grey action, attaining higher fitting and forecasting accuracy. The numerical experiment of a generated monthly time series indicates the proposed model can accurately fit the variable amplitude seasonal sequence, in which the mean absolute percentage error (MAPE) is only 0.01%, and the complex simulations based on Monte-Carlo method testify the validity of the proposed model. The results of monthly electricity consumption in China's primary industry, demonstrate the proposed model catches the time-varying trend and has good performances, where MAPEF and MAPET are below 5%. Moreover, the proposed TVGFM(1,1,N) model is superior to the benchmark models, grey polynomial model (GMP(1,1,N)), grey Fourier model (GFM(1,1,N)), seasonal grey model (SGM(1,1)), seasonal ARIMA model seasonal autoregressive integrated moving average model (SARIMA) and support vector regression (SVR).

Originality/value

The parameter estimates and forecasting of the new proposed TVGFM are studied, and the good fitting and forecasting accuracy of time-varying amplitude seasonal fluctuation series are testified by numerical simulations and a case study.

Details

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

Keywords

Article
Publication date: 9 February 2024

Chao Xia, Bo Zeng and Yingjie Yang

Traditional multivariable grey prediction models define the background-value coefficients of the dependent and independent variables uniformly, ignoring the differences between…

Abstract

Purpose

Traditional multivariable grey prediction models define the background-value coefficients of the dependent and independent variables uniformly, ignoring the differences between their physical properties, which in turn affects the stability and reliability of the model performance.

Design/methodology/approach

A novel multivariable grey prediction model is constructed with different background-value coefficients of the dependent and independent variables, and a one-to-one correspondence between the variables and the background-value coefficients to improve the smoothing effect of the background-value coefficients on the sequences. Furthermore, the fractional order accumulating operator is introduced to the new model weaken the randomness of the raw sequence. The particle swarm optimization (PSO) algorithm is used to optimize the background-value coefficients and the order of the model to improve model performance.

Findings

The new model structure has good variability and compatibility, which can achieve compatibility with current mainstream grey prediction models. The performance of the new model is compared and analyzed with three typical cases, and the results show that the new model outperforms the other two similar grey prediction models.

Originality/value

This study has positive implications for enriching the method system of multivariable grey prediction model.

Details

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

Keywords

Article
Publication date: 10 November 2023

Yonghong Zhang, Shouwei Li, Jingwei Li and Xiaoyu Tang

This paper aims to develop a novel grey Bernoulli model with memory characteristics, which is designed to dynamically choose the optimal memory kernel function and the length of…

Abstract

Purpose

This paper aims to develop a novel grey Bernoulli model with memory characteristics, which is designed to dynamically choose the optimal memory kernel function and the length of memory dependence period, ultimately enhancing the model's predictive accuracy.

Design/methodology/approach

This paper enhances the traditional grey Bernoulli model by introducing memory-dependent derivatives, resulting in a novel memory-dependent derivative grey model. Additionally, fractional-order accumulation is employed for preprocessing the original data. The length of the memory dependence period for memory-dependent derivatives is determined through grey correlation analysis. Furthermore, the whale optimization algorithm is utilized to optimize the cumulative order, power index and memory kernel function index of the model, enabling adaptability to diverse scenarios.

Findings

The selection of appropriate memory kernel functions and memory dependency lengths will improve model prediction performance. The model can adaptively select the memory kernel function and memory dependence length, and the performance of the model is better than other comparison models.

Research limitations/implications

The model presented in this article has some limitations. The grey model is itself suitable for small sample data, and memory-dependent derivatives mainly consider the memory effect on a fixed length. Therefore, this model is mainly applicable to data prediction with short-term memory effect and has certain limitations on time series of long-term memory.

Practical implications

In practical systems, memory effects typically exhibit a decaying pattern, which is effectively characterized by the memory kernel function. The model in this study skillfully determines the appropriate kernel functions and memory dependency lengths to capture these memory effects, enhancing its alignment with real-world scenarios.

Originality/value

Based on the memory-dependent derivative method, a memory-dependent derivative grey Bernoulli model that more accurately reflects the actual memory effect is constructed and applied to power generation forecasting in China, South Korea and India.

Details

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

Keywords

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