Title
Development of the GM(1,1,circle times(b)) model with a trapezoidal possibility function and its application
Abstract
Purpose The purpose of this paper is to overcome the weakness of the traditional model, in which the grey action quantity is a real number and thus leads to a "unique solution" and to build the model with a trapezoidal possibility degree function. Design/methodology/approach Using the system input and output block diagram of the model, the interval grey action quantity is restored under the condition of insufficient system influencing factors, and the trapezoidal possibility degree function is formed. Based on that, a new model able to output non-unique solutions is constructed. Findings The model satisfies the non-unique solution principle of the grey theory under the condition of insufficient information. The model is compatible with the traditional model in structure and modelling results. The validity and practicability of the new model are verified by applying it in simulating the ecological environment water consumption in the Yangtze River basin. Practical implications In this study, the interval grey number form of grey action quantity is restored under the condition of insufficient system influencing factors, and the unique solution to the problem of the traditional model is solved. It is of great value in enriching the theoretical system of grey prediction models. Social implications Taking power consumption as an example, the accurate prediction of the future power consumption level is related to the utilization efficiency of the power infrastructure investment. If the prediction of the power consumption level is too low, it will lead to the insufficient construction of the power infrastructure and the frequent occurrence of "power shortage" in the power industry. If the prediction is too high, it will lead to excessive investment in the power infrastructure. As a result, the overall surplus of power supply will lead to relatively low operation efficiency. Therefore, building an appropriate model for the correct interval prediction is a better way to solve such problems. The model proposed in this study is an effective one to solve such problems. Originality/value A new grey prediction model with its interval grey action quantity based on the trapezoidal possibility degree function is proposed for the first time.
Year
DOI
Venue
2022
10.1108/GS-11-2020-0145
GREY SYSTEMS-THEORY AND APPLICATION
Keywords
DocType
Volume
Grey theory, Possibility degree function, Interval grey action quantity, Ecological environment water consumption
Journal
12
Issue
ISSN
Citations 
2
2043-9377
0
PageRank 
References 
Authors
0.34
0
7
Name
Order
Citations
PageRank
Shuliang Li100.34
Ke Gong200.34
Bo Zeng3467.57
Wenhao Zhou400.34
Zhouyi Zhang500.34
Aixing Li600.34
Li Zhang72286151.94