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Article
Publication date: 7 August 2018

Dang Luo, Haitao Li and Qicun Qian

The purpose of this paper is to construct a key factors selection approach for a class of small-sample multi-factor cross-sectional data analysis (SMCDA) problem, which is very…

Abstract

Purpose

The purpose of this paper is to construct a key factors selection approach for a class of small-sample multi-factor cross-sectional data analysis (SMCDA) problem, which is very common in productive practice and scientific research, such as coal-bed methane (CBM) content analysis, civil aircraft cost analysis, etc. Key factors selection is an important basic work for SMCDA problem; the proposed method is constructed to improve the accuracy and explanatory of the selected key factors.

Design/methodology/approach

Using grey system theory to solve SMCDA problem is more reasonable under few data and poor information. Therefore, this paper constructs a grey incidence analysis (GIA) model with rate of change to select the key factors of an SMCDA problem. The basic idea of the proposed method is to simulate time series by randomly sorting the selected samples, and to calculate the degree of grey incidence with rate of change by loop iterative algorithm, then to construct the degree matrix of grey incidence with rate of change, and finally by which, to utilise quantitative and qualitative analysis methods to select the key factors.

Findings

The experimental analysis of application cases demonstrates that the key factors of system’s characteristic can be successfully screened out by the proposed method, the results are consistent with actual conditions, and they have a clearer meaning and a better interpretability.

Practical implications

The method proposed in this paper could be utilised to select key factors for such a class of SMCDA problem, which has fewer observation samples (small-sample), which is influenced by a number of factors (multi-factor) and whose observation samples are placed randomly rather than by time (cross-sectional data). Taking the key influence factors of CBM content and the key driving factors of the vulnerability of agricultural drought in Henan as examples, the results proved the feasibility and superiority of this proposed method.

Originality/value

Most of the existing GIA models mainly focus on these classes of issues with time series data or panel data. However, few GIA models take SMCDA problem as the research object. In this paper, the authors develop the GIA model with rate of change according to the characteristics of SMCDA problem, and present some properties and application suggestions of the proposed method.

Article
Publication date: 6 September 2018

Dang Luo, Lili Ye, Yanli Zhai, Hanyu Zhu and Qicun Qian

Hazard assessment on drought disaster is of great significance for improving drought risk management. Due to the complexity and uncertainty of the drought disaster, the index…

Abstract

Purpose

Hazard assessment on drought disaster is of great significance for improving drought risk management. Due to the complexity and uncertainty of the drought disaster, the index values have some grey multi-source heterogeneous characteristics. The purpose of this paper is to construct a grey projection incidence model (GPIM) to evaluate the hazard of the drought disaster characterised by the grey heterogeneity information.

Design/methodology/approach

First, the index system of the drought hazard risk is established based on the formation mechanism of the drought disaster. Then, the GPIM for the heterogeneous panel data is constructed to assess drought hazard of five cities in Henan Province. Subsequently, based on the assessment results, the grey clustering model is employed for the regional division.

Findings

The findings demonstrate that five cities in central Henan Province are divided into three categories, which correspond to three different risk grades, respectively. With respect to different drought risk areas, corresponding countermeasures and suggestions are proposed.

Practical implications

This paper provides a practical and effective new method for the hazard assessment on drought disaster. Meanwhile, these countermeasures and suggestions can help policy makers to improve the efficiency of drought resistance work and reduce the losses caused by drought disasters in Henan Province.

Originality/value

This paper proposes a new GPIM which resolves the assessment problems of the uncertain systems with grey heterogeneous information, such as real numbers, interval grey numbers and three-parameter interval grey numbers. It not only expands the application scope of the grey incidence model, but also enriches the research of panel data.

Details

Grey Systems: Theory and Application, vol. 8 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

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