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1 – 10 of over 16000The purpose of this paper is to propose a new temporal disaggregation method for time series based on the accumulated and inverse accumulated generating operations in grey…
Abstract
Purpose
The purpose of this paper is to propose a new temporal disaggregation method for time series based on the accumulated and inverse accumulated generating operations in grey modeling and the interpolation method.
Design/methodology/approach
This disaggregation method includes three main steps, including accumulation, interpolation, and differentiation (AID). First, a low frequency flow series is transformed to the corresponding stock series through accumulated generating operation. Then, values of the stock series at unobserved time is estimated through appropriate interpolation method. And finally, the disaggregated stock series is transformed back to high frequency flow series through inverse accumulated generating operation.
Findings
The AID method is tested with a sales series. Results shows that the disaggregated sales data are satisfactory and reliable compared with the original data and disaggregated data using a time series model. The AID method is applicable to both long time series and grey series with insufficient information.
Practical implications
The AID method can be easily used to disaggregate low frequency flow series.
Originality/value
The AID method is a combination of grey modeling technique and interpolation method. Compared with other disaggregation methods, the AID method is simple, and does not require auxiliary information or plausible minimizing criterion required by other disaggregation methods.
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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…
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.
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Camelia Delcea, Saad Ahmed Javed, Margareta-Stela Florescu, Corina Ioanas and Liviu-Adrian Cotfas
The Grey System Theory (GST) is an emerging area of research within artificial intelligence. Since its founding in 1982, it has seen a lot of multidisciplinary applications. In…
Abstract
Purpose
The Grey System Theory (GST) is an emerging area of research within artificial intelligence. Since its founding in 1982, it has seen a lot of multidisciplinary applications. In just a short period, it has garnered some considerable strengths. Based on the 1987–2021 data collected from the Web of Science (WoS), the current study reports the advancement of the GST.
Design/methodology/approach
Research papers utilizing the GST in the fields of economics and education were retrieved from the Web of Science (WoS) platform using a set of predetermined keywords. In the final stage of the process, the papers that underwent analysis were manually chosen, with selection criteria based on the information presented in the titles and abstracts.
Findings
The study identifies prominent authors, institutions, publications and journals closely associated with the subject. In terms of authors, two major clusters are identified around Liu SF and Wang ZX, while the institution with the highest number of publications is Nanjing University of Aeronautics and Astronautics. Moreover, significant keywords, trends and research directions have been extracted and analyzed. Additionally, the study highlights the regions where the theory holds substantial influence.
Research limitations/implications
The study is subject to certain limitations stemming from factors such as the language employed in the chosen literature, the papers included within the Web of Science (WoS) database, the designation of works categorized as “articles” in the database, the specific selection of keywords and keyword combinations, and the meticulous manual process employed for paper selection. While the manual selection process itself is not inherently limiting, it demands a greater investment of time and meticulous attention, contributing to the overall limitations of the study.
Practical implications
The significance of the study extends not only to scholars and practitioners but also to readers who observe the development of emerging scientific disciplines.
Originality/value
The analysis of trends revealed a growing emphasis on the application of GST in diverse domains, including supply chain management, manufacturing and economic development. Notably, the emergence of COVID-19 as a new research focal point among GST scholars is evident. The heightened interest in COVID-19 can be attributed to its global impact across various academic disciplines. However, it is improbable that this interest will persist in the long term, as the pandemic is gradually brought under control.
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Abstract
Purpose
In order to more accurately predict the dynamics of the e-commerce market and increase the comprehensive value of the circular e-commerce industry, proposes to use Grey system theory to analyze the circular economy of the e-commerce market.
Design/methodology/approach
Construct a Grey system theory model, analyze the big data of e-commerce and circular economy of the e-commerce market and predict the development potential of China's e-commerce market.
Findings
The results show that the Grey system theory model can play an important role in the data analysis of circular economy of the e-commerce market.
Originality/value
Use Grey model to analyze e-commerce data, discover e-commerce market rules and problems and then optimize e-commerce market.
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Aim to the limitations of grey relational analysis of interval grey number, based on the generalized greyness of interval grey number, this paper tries to construct a grey angle…
Abstract
Purpose
Aim to the limitations of grey relational analysis of interval grey number, based on the generalized greyness of interval grey number, this paper tries to construct a grey angle cosine relational degree model from the perspective of proximity and similarity.
Design/methodology/approach
Firstly, the algorithms of the generalized greyness of interval grey number and interval grey number vector are given, and its properties are analyzed. Then, based on the grey relational theory, the grey angle cosine relational model is proposed based on the generalized greyness of interval grey number, and the relationship between the classical cosine similarity model and the grey angle cosine relational model is analyzed. Finally, the validity of the model in this paper is illustrated by the calculation examples and an application example of related factor analysis of maize yield.
Findings
The results show that the grey angle cosine relational degree model has strict theoretical basis, convenient calculation and is easy to program, which can not only fully utilize the information of interval grey numbers but also overcome the shortcomings of greyness relational degree model. The grey angle cosine relational degree is an extended form of cosine similarity degree of real numbers. The calculation examples and the related factor analysis of maize yield show that the model proposed in this paper is feasible and valid.
Practical implications
The research results not only further enrich the grey system theory and method but also provide a basis for the grey relational analysis of the sequences in which the interval grey numbers coexist with the real numbers.
Originality/value
The paper succeeds in realizing the algorithms of the generalized greyness of interval grey number and interval grey number vector, and the grey angle cosine relational degree, which provide a new method for grey relational analysis.
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Liangyan Tao, Ailin Liang, Naiming Xie and Sifeng Liu
The year 2022 marks the 40th anniversary of the establishment of the grey system theory (GST), which has been widely applied in the engineering field. This paper aims to…
Abstract
Purpose
The year 2022 marks the 40th anniversary of the establishment of the grey system theory (GST), which has been widely applied in the engineering field. This paper aims to systematically identify the achievements, hotspots, knowledge structure and emerging trends in this field.
Design/methodology/approach
A bibliometrics analysis was conducted on relevant publications retrieved from Web of Science (WoS) using CiteSpace and MapEquation. A statistical analysis of the collected 3,384 papers was completed. Three networks, including a co-occurrence network, cooperation network and co-citation network, were obtained to draw knowledge structure, hotspots and research frontiers.
Findings
The top four applied engineering fields are engineering electrical electronics, computer science artificial intelligence, engineering multi-disciplinary and automation control system. In total, 65 countries have engaged in this field, and China has occupied a leading position, with the largest number of articles published and the widest cooperation with other countries. The USA, United Kingdom (UK) and China Taiwan also contribute a lot. The Nanjing University of Aeronautics and Astronautics and Professor Liu Sifeng have a core position in the cooperation network. More hotspots appear in the last ten years. Regarding the emerging trends, the combination of theoretical models and practical engineering problems has attracted more attention. Besides, the application of GST in environment protection and the integration of the GST and intelligent algorithm became more popular.
Originality/value
The comprehensive bibliometrics analysis and visualization demonstration were conducted, presenting the interdisciplinary characteristics, major research topics and research frontiers in this field.
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Iman Ghalehkhondabi, Ehsan Ardjmand, William A. Young and Gary R. Weckman
The purpose of this paper is to review the current literature in the field of tourism demand forecasting.
Abstract
Purpose
The purpose of this paper is to review the current literature in the field of tourism demand forecasting.
Design/methodology/approach
Published papers in the high quality journals are studied and categorized based their used forecasting method.
Findings
There is no forecasting method which can develop the best forecasts for all of the problems. Combined forecasting methods are providing better forecasts in comparison to the traditional forecasting methods.
Originality/value
This paper reviews the available literature from 2007 to 2017. There is not such a review available in the literature.
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Camelia Delcea, Ioana Bradea, Virginia Maracine, Emil Scarlat and Liviu-Adrian Cotfas
The present paper tries to give a new vision on the firm's future evolution forecasting. By taking into account some of the current values of its symptoms and applying one of the…
Abstract
Purpose
The present paper tries to give a new vision on the firm's future evolution forecasting. By taking into account some of the current values of its symptoms and applying one of the most used models in the grey systems theory, namely the GM(1,1), the predictions related to its future symptoms' values can be determined. Having these projected values and the grey economic-financial matrix, K, the future diseases that can hit a company can be depicted along with their causes. The paper aims to discuss these issues.
Design/methodology/approach
Forecasting the future development of a firm is always an important issue in firm's survival in nowadays economy. Most of all, it is extremely important to be aware all the time about the inner and outer factors than can make a difference between a successful and a bankrupt firm. For this, here the authors have used three GM(1,1) models for forecasting the future symptoms (expressed through financial indicators) and performance indicator of a firm. Each time, based on the determined accuracy rate, a specific GM model has been chosen for every indicator's forecasting.
Findings
Considering some previous researches and findings in bankruptcy modelling and diagnosis, this paper enlarges their applicability by adding the possibility to make future predictions on the indicators' evolution and to observe and to better manage their causes. As it was expected, the GM(1,1) models used for the forecasting of the various time series variables taken into account were different from one case to another, choosing the best-specific model for each variable case conducted to more accurate data-fit, with direct results in the causes hierarchy.
Practical implications
By knowing the main causes that determine a certain state in firms' development and understanding them, the manager can action upon them in a manner that can make the difference between a bankrupt and a real successful firm.
Originality/value
The paper succeeds in enlarging the view regarding bankruptcy forecasting by adding a dynamic view over the considered variables. If, in most of the cases when facing with financial forecasting, a single model is used for predictions, here the best GM model has been chosen for each variable based on the obtained accuracy rate. The results are concluding.
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Sengathir Janakiraman, Deva Priya M., Christy Jeba Malar A., Karthick S. and Anitha Rajakumari P.
The purpose of this paper is to design an Internet-of-Things (IoT) architecture-based Diabetic Retinopathy Detection Scheme (DRDS) proposed for identifying Type-I or Type-II…
Abstract
Purpose
The purpose of this paper is to design an Internet-of-Things (IoT) architecture-based Diabetic Retinopathy Detection Scheme (DRDS) proposed for identifying Type-I or Type-II diabetes and to specifically advise the Type-II diabetic patients about the possibility of vision loss.
Design/methodology/approach
The proposed DRDS includes the benefits of automatic calculation of clip limit parameters and sub-window for making the detection process completely adaptive. It uses the advantages of extended 5 × 5 Sobels operator for estimating the maximum edges determined through the convolution of 24 pixels with eight templates to achieve 24 outputs corresponding to individual pixels for finding the maximum magnitude. It enhances the probability of connecting pixels in the vascular map with its closely located neighbourhood points in the fundus images. Then, the spatial information and kernel of the neighbourhood pixels are integrated through the Robust Semi-supervised Kernelized Fuzzy Local information C-Means Clustering (RSKFL-CMC) method to attain significant clustering process.
Findings
The results of the proposed DRDS architecture confirm the predominance in terms of accuracy, specificity and sensitivity. The proposed DRDS technique facilitates superior performance at an average of 99.64% accuracy, 76.84% sensitivity and 99.93% specificity.
Research limitations/implications
DRDS is proposed as a comfortable, pain-free and harmless diagnosis system using the merits of Dexcom G4 Plantinum sensors for estimating blood glucose level in diabetic patients. It uses the merits of RSKFL-CMC method to estimate the spatial information and kernel of the neighborhood pixels for attaining significant clustering process.
Practical implications
The IoT architecture comprises of the application layer that inherits the DR application enabled Graphical User Interface (GUI) which is combined for processing of fundus images by using MATLAB applications. This layer aids the patients in storing the capture fundus images in the database for future diagnosis.
Social implications
This proposed DRDS method plays a vital role in the detection of DR and categorization based on the intensity of disease into severe, moderate and mild grades. The proposed DRDS is responsible for preventing vision loss of diabetic Type-II patients by accurate and potential detection achieved through the utilization of IoT architecture.
Originality/value
The performance of the proposed scheme with the benchmarked approaches of the literature is implemented using MATLAB R2010a. The complete evaluations of the proposed scheme are conducted using HRF, REVIEW, STARE and DRIVE data sets with subjective quantification provided by the experts for the purpose of potential retinal blood vessel segmentation.
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