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1 – 10 of 242Yingjie Yang, Sifeng Liu and Naiming Xie
The purpose of this paper is to propose a framework for data analytics where everything is grey in nature and the associated uncertainty is considered as an essential part in data…
Abstract
Purpose
The purpose of this paper is to propose a framework for data analytics where everything is grey in nature and the associated uncertainty is considered as an essential part in data collection, profiling, imputation, analysis and decision making.
Design/methodology/approach
A comparative study is conducted between the available uncertainty models and the feasibility of grey systems is highlighted. Furthermore, a general framework for the integration of grey systems and grey sets into data analytics is proposed.
Findings
Grey systems and grey sets are useful not only for small data, but also big data as well. It is complementary to other models and can play a significant role in data analytics.
Research limitations/implications
The proposed framework brings a radical change in data analytics. It may bring a fundamental change in our way to deal with uncertainties.
Practical implications
The proposed model has the potential to avoid the mistake from a misleading data imputation.
Social implications
The proposed model takes the philosophy of grey systems in recognising the limitation of our knowledge which has significant implications in our way to deal with our social life and relations.
Originality/value
This is the first time that the whole data analytics is considered from the point of view of grey systems.
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Ahmad Hariri, Pedro Domingues and Paulo Sampaio
This paper aims to classify journal papers in the context of hybrid quality function deployment QFD and multi-criteria decision-making (MCDM) methods published during 2004–2021.
Abstract
Purpose
This paper aims to classify journal papers in the context of hybrid quality function deployment QFD and multi-criteria decision-making (MCDM) methods published during 2004–2021.
Design/methodology/approach
A conceptual classification scheme is presented to analyze the hybrid QFD-MCDM methods. Then some recommendations are given to introduce directions for future research.
Findings
The results show that among all related areas, the manufacturing application has the most frequency of published papers regarding hybrid QFD-MCDM methods. Moreover, using uncertainty to establish a hybrid QFD-MCDM the relevant papers have been considered during the time interval 2004–2021.
Originality/value
There are various shortcomings in conventional QFD which limit its efficiency and potential applications. Since 2004, when MCDM methods were frequently adopted in the quality management context, increasing attention has been drawn from both practical and academic perspectives. Recently, the integration of MCDM techniques into the QFD model has played an important role in designing new products and services, supplier selection, green manufacturing systems and sustainability topics. Hence, this survey reviewed hybrid QFD-MCDM methods during 2004–2021.
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This paper aims to propose an integration of the analytic hierarchy process (AHP) and data envelopment analysis (DEA) methods in a multiattribute grey relational analysis (GRA…
Abstract
Purpose
This paper aims to propose an integration of the analytic hierarchy process (AHP) and data envelopment analysis (DEA) methods in a multiattribute grey relational analysis (GRA) methodology in which the attribute weights are completely unknown and the attribute values take the form of fuzzy numbers.
Design/methodology/approach
This research has been organized to proceed along the following steps: computing the grey relational coefficients for alternatives with respect to each attribute using a fuzzy GRA methodology. Grey relational coefficients provide the required (output) data for additive DEA models; computing the priority weights of attributes using the AHP method to impose weight bounds on attribute weights in additive DEA models; computing grey relational grades using a pair of additive DEA models to assess the performance of each alternative from the optimistic and pessimistic perspectives; and combining the optimistic and pessimistic grey relational grades using a compromise grade to assess the overall performance of each alternative.
Findings
The proposed approach provides a more reasonable and encompassing measure of performance, based on which the overall ranking position of alternatives is obtained. An illustrated example of a nuclear waste dump site selection is used to highlight the usefulness of the proposed approach.
Originality/value
This research is a step forward to overcome the current shortcomings in the weighting schemes of attributes in a fuzzy multiattribute GRA methodology.
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This study aims to use gray models to predict abnormal stock returns.
Abstract
Purpose
This study aims to use gray models to predict abnormal stock returns.
Design/methodology/approach
Data are collected from listed companies in the Tehran Stock Exchange during 2005-2015. The analyses portray three models, namely, the gray model, the nonlinear gray Bernoulli model and the Nash nonlinear gray Bernoulli model.
Findings
Results show that the Nash nonlinear gray Bernoulli model can predict abnormal stock returns that are defined by conditions other than gray models which predict increases, and then after checking regression models, the Bernoulli regression model is defined, which gives higher accuracy and fewer errors than the other two models.
Originality/value
The stock market is one of the most important markets, which is influenced by several factors. Thus, accurate and reliable techniques are necessary to help investors and consumers find detailed and exact ways to predict the stock market.
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Prasenjit Dey, Aniruddha Bhattacharya and Priyanath Das
This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are…
Abstract
This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are very common and low frequency oscillations pose a major problem. Hence small signal stability analysis is very important for analyzing system stability and performance. Power System Stabilizers (PSS) are used in these large interconnected systems for damping out low-frequency oscillations by providing auxiliary control signals to the generator excitation input. In this paper, collective decision optimization (CDO) algorithm, a meta-heuristic approach based on the decision making approach of human beings, has been applied for the optimal design of PSS. PSS parameters are tuned for the objective function, involving eigenvalues and damping ratios of the lightly damped electromechanical modes over a wide range of operating conditions. Also, optimal locations for PSS placement have been derived. Comparative study of the results obtained using CDO with those of grey wolf optimizer (GWO), differential Evolution (DE), Whale Optimization Algorithm (WOA) and crow search algorithm (CSA) methods, established the robustness of the algorithm in designing PSS under different operating conditions.
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