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Article
Publication date: 14 June 2021

Ruirui Shao, Zhigeng Fang, Liangyan Tao, Su Gao and Weiqing You

During the service period of communication satellite systems, their performance is often degraded due to the depletion mechanism. In this paper, the grey system theory is applied…

Abstract

Purpose

During the service period of communication satellite systems, their performance is often degraded due to the depletion mechanism. In this paper, the grey system theory is applied to the multi-state system effectiveness evaluation and the grey Lz-transformation ADC (availability, dependability and capability) effectiveness evaluation model is constructed to address the characteristics of the communication satellite system such as different constituent subsystems, numerous states and the inaccuracy and insufficiency of data.

Design/methodology/approach

The model is based on the ADC effectiveness evaluation method, combined with the Lz transformation and uses the definite weighted function of the three-parameter interval grey number as a bridge to incorporate the possibility of system performance being greater than the task demand into the effectiveness solution algorithm. At the same time, using MATLAB (Matrix laboratory) to solve each state probability, the same performance level in the Lz transform is combined. Then, the system effectiveness is obtained by Python.

Findings

The results show that the G-Lz-ADC model constructed in this paper can accurately evaluate the effectiveness of static/dynamic systems and certain/uncertain system and also has better applicability in evaluating the effectiveness of the multi-state complex system.

Practical implications

The G-Lz-ADC effectiveness evaluation model constructed in this paper can effectively reduce the complexity of traditional effectiveness evaluation models by combining the same performance levels in the Lz-transform and solving the effectiveness of the system with the help of computer programming, providing a new method for the effectiveness evaluation of the complex MSS. At the same time, the weaknesses of the system can be identified, providing a theoretical basis for improving the system’s effectiveness.

Originality/value

The possibility solution method based on the definite weighted function comparing the two three-parameter interval grey numbers is constructed, which compensates for the traditional calculation of the probability based on numerical values and subjective preferences of decision-makers. Meanwhile, the effectiveness evaluation model integrates the basic theories of three-parameter interval grey number and its definite weighted function, Grey−Markov, grey universal generating function (GUGF), grey multi-state system (GMSS), etc., which is an innovative method to solve the effectiveness of a multi-state instantaneous communication satellite system.

Details

Grey Systems: Theory and Application, vol. 12 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 6 February 2017

Hamed Maleki and Yingjie Yang

The purpose of this paper is to illustrate an uncertain programming model for scheduling of preventive maintenance (PM) actions. The PM scheduling, in which PM actions are…

Abstract

Purpose

The purpose of this paper is to illustrate an uncertain programming model for scheduling of preventive maintenance (PM) actions. The PM scheduling, in which PM actions are performed under fixed intervals, is solved by grey systems theory.

Design/methodology/approach

The paper applied the grey evaluation method based on triangular whitenization weight functions which includes two classes: endpoint evaluation method and center-point evaluation method.

Findings

Two methods give the same results based on endpoint and center-point triangular whitenization weight functions. For validation, the results were compared by Cassady’s method.

Originality/value

The scheduling of PM is crucial in reliability and maintenance engineering. Hundreds of parts compose complex machines that require replacement and/or repairing. It is helpful to reduce the outage loss on frequent repair/replacement parts and avoid lack of maintenance of the equipment by controlling the equipment maintenance frequency.

Details

Grey Systems: Theory and Application, vol. 7 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 15 October 2021

Qiang Li, Sifeng Liu and Saad Ahmed Javed

The purpose of this paper is to develop a new approach for equipment states prediction and provide a method for early warning of possible trouble states.

Abstract

Purpose

The purpose of this paper is to develop a new approach for equipment states prediction and provide a method for early warning of possible trouble states.

Design/methodology/approach

A new two-stage multi-level equipment state classification system was proposed to forecast equipment operation status. The first stage involves predicting the equipment's normal state, and the second stage involves forecasting the equipment's abnormal status. Meanwhile, the equipment state classification is done according to the manufacturing company's internal specifications to define various equipment statuses. Then, the trouble state and waiting state were predicted by grey state prediction model.

Findings

A new two-stage multi-level equipment status classification system and a new approach for equipment states prediction has been proposed in this paper.

Practical implications

The application on a real-world case shown that the model is very effective for predicting equipment state. The equipment's major failure risk can be reduced significantly.

Originality/value

The proposed approach can help improve the effective prediction of the equipment's various operation states and reduce the equipment's major failure risk and thus maintenance costs.

Article
Publication date: 16 December 2022

Nan Li, M. Prabhu and Atul Kumar Sahu

The main purpose of present study is to model the replacement policy under uncertainty for managerial application based on grey-reliability approach by considering the subjective…

Abstract

Purpose

The main purpose of present study is to model the replacement policy under uncertainty for managerial application based on grey-reliability approach by considering the subjective views of quality control circle (QCC). The study objectively links the optimality between individual replacement and group replacement policies for determining the minimum operational costs. The integrated framework between QCC, replacement theory, grey set theory and supply chain management is presented to plan replacement actions under uncertainty.

Design/methodology/approach

The study proposes the concept of grey-reliability index and built a decision support model, which can deal with the imprecise information for determining the minimum operational costs to plan subsequent maintenance efforts.

Findings

The findings of the study establish the synergy between individual replacement and group replacement policies. The computations related to the numbers of failures, operational costs, reliability index and failure probabilities are presented under developed framework. An integrated framework to facilitate the managers in deciding the replacement policy based on operational time towards concerning replacement of assets that do not deteriorate, but fails suddenly over time is presented. The conceptual model is explained with a numerical procedure to illustrate the significance of the proposed approach.

Originality/value

A conceptual model under the framework of such items, whose failures cannot be corrected by repair actions, but can only be set by replacement is presented. The study provides an important knowledge based decision support framework for crafting a replacement model using grey set theory. The study captured subjective information to build decision model in the ambit of replacement.

Details

Grey Systems: Theory and Application, vol. 13 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 2 March 2021

Amit Kumar and Pardeep Kumar

This paper presents the performance analysis of the automatic ticket vending machine (ATVM) through the functioning of its different hardware and software failures.

Abstract

Purpose

This paper presents the performance analysis of the automatic ticket vending machine (ATVM) through the functioning of its different hardware and software failures.

Design/methodology/approach

Frequent failures in the working of ATVM have been observed; therefore, the authors of the paper intend to analyze the performance measures of the same. Authors have developed a mathematical model based on different hardware and software failures/repairs, which may occur during the operation, with the help of the Markov process. The developed model has been solved for two kinds of failure/repair rates namely variable failures (very much similar to real-time failure) and constant failures. Lagrange's method and Laplace transformation are used for the solution of the developed model.

Findings

Reliability and mean time to failure of the ATVM are determined. Sensitivity analysis for ATVM is also carried out in the paper. Critical components of the ATVM, which affect the performance of the same, in terms of reliability and MTTF are also identified.

Originality/value

A mathematical model based on different hardware and software failures/repairs of ATVM has been developed to analyze its performance, which has not been done in the past.

Details

Journal of Quality in Maintenance Engineering, vol. 28 no. 2
Type: Research Article
ISSN: 1355-2511

Keywords

Article
Publication date: 3 August 2020

Chong Liu, Wanli Xie, Tongfei Lao, Yu-ting Yao and Jun Zhang

Gross domestic product (GDP) is an important indicator to measure a country's economic development. If the future development trend of a country's GDP can be accurately predicted…

Abstract

Purpose

Gross domestic product (GDP) is an important indicator to measure a country's economic development. If the future development trend of a country's GDP can be accurately predicted, it will have a positive effect on the formulation and implementation of the country's future economic development policies. In order to explore the future development trend of China's GDP, the purpose of this paper is to establish a new grey forecasting model with time power term to forecast GDP.

Design/methodology/approach

Firstly, the shortcomings of the traditional grey prediction model with time power term are found out through analysis, and then the generalized grey prediction model with time power term is established (abbreviated as PTGM (1,1, α) model). Secondly, the PTGM (1,1, α) model is improved by linear interpolation method, and the optimized PTGM (1,1, α) model is established (abbreviated as OPTGM (1,1, α) model), and the parameters of the OPTGM (1,1, α) model are solved by the quantum genetic algorithm. Thirdly, the advantage of the OPTGM (1,1, α) model over the traditional grey models is illustrated by two real cases. Finally the OPTGM (1,1, α) model is used to predict China's GDP from 2020 to 2029.

Findings

The OPTGM (1,1, α) model is more suitable for predicting China's GDP than other grey prediction models.

Originality/value

A new grey prediction model with time power term is proposed.

Details

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

Keywords

Book part
Publication date: 24 July 2020

Morgan R. Clevenger

Corporate involvement in higher education remains highly visible and controversial. While best practices can be found, many gray areas exist in the actions motivating both…

Abstract

Corporate involvement in higher education remains highly visible and controversial. While best practices can be found, many gray areas exist in the actions motivating both parties. This organizational analysis examines corporate citizenship through the inter-organizational relationships of a public US doctoral university and six US corporate partners as framed through Cone’s (2010) corporate citizenship spectrum between 2006 and 2010. The literature has shown that little research exists regarding the behavior aspects of these inter-organizational relationships. Triangulation of data is provided by 36 interviews, 12,609 pages of documents and audio-visual materials, and a campus observation of 407 photographs. The research indicates three themes as to why higher education desires involvement with companies: viable resources, student enrichment, and real-world connectivity. Further, there are four themes explaining what motives and ROI expectations companies have to be involved with higher education and include: workforce development, community enrichment, brand development, and research. Finally, three themes emerged regarding ethical considerations between these inter-organizational relationships with higher education and companies. First, generally no ethical dilemmas were found. Second, several general ethics discussion topics created five clusters of interest: public relations, solicitation, policies and stewardship, accountability and transparency, and leadership behavior. Third, five ethical concerns were shared.

Details

University–Community Partnerships for Promoting Social Responsibility in Higher Education
Type: Book
ISBN: 978-1-83909-439-2

Keywords

Book part
Publication date: 30 November 2011

Massimo Guidolin

I review the burgeoning literature on applications of Markov regime switching models in empirical finance. In particular, distinct attention is devoted to the ability of Markov…

Abstract

I review the burgeoning literature on applications of Markov regime switching models in empirical finance. In particular, distinct attention is devoted to the ability of Markov Switching models to fit the data, filter unknown regimes and states on the basis of the data, to allow a powerful tool to test hypotheses formulated in light of financial theories, and to their forecasting performance with reference to both point and density predictions. The review covers papers concerning a multiplicity of sub-fields in financial economics, ranging from empirical analyses of stock returns, the term structure of default-free interest rates, the dynamics of exchange rates, as well as the joint process of stock and bond returns.

Details

Missing Data Methods: Time-Series Methods and Applications
Type: Book
ISBN: 978-1-78052-526-6

Keywords

Content available
Book part
Publication date: 9 May 2023

Abstract

Details

Management and Organizational Studies on Blue- and Gray-collar Workers: Diversity of Collars
Type: Book
ISBN: 978-1-80455-754-9

Article
Publication date: 17 March 2023

Meijuan Li, Jiarong Zhang and Zijie Shen

Three-parameter interval grey numbers (TPIGNs) have been extensively studied as an extended form of interval numbers. However, most existing TPIGN multi-attribute decision-making…

Abstract

Purpose

Three-parameter interval grey numbers (TPIGNs) have been extensively studied as an extended form of interval numbers. However, most existing TPIGN multi-attribute decision-making methods only consider the similarity of positions, ignore the similarity of developmental directions and focus primarily on static evaluation. To address these limitations, in this study, the authors propose a dynamic technique for order preference by similarity to an ideal solution (TOPSIS) based on modified Jaccard similarity and angle similarity for TPIGNs.

Design/methodology/approach

First, the authors extend Jaccard similarity to a TPIGN environment to represent positional similarity. A simple example is provided to illustrate the limitations of the traditional Jaccard similarity. Then, the authors introduce an angle similarity measure to represent developmental directional similarity. Finally, a dynamic TOPSIS model is constructed by incorporating time-series data into conventional two-dimensional static data. Stage weights are obtained by an objective function designed to maximize the amount and minimize the fluctuation of decision information. A quadratic weighting method is adopted to derive the overall evaluation value of alternatives.

Findings

To evaluate the effectiveness of the proposed method, this study takes the pre-assessment of ice disaster and the selection of cooperative enterprises as examples. The authors then provide the results of comparative and sensitivity analyses, which demonstrate the effectiveness and flexibility of the proposed method.

Originality/value

The proposed TOPSIS method in a TPIGN environment can take a more holistic and dynamic perspective for decision-making, which helps mitigate the limitations of single-perspective or static evaluations.

Details

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

Keywords

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