FORECASTING AVAILABILITY OF A STANDBY SYSTEM USING FUZZY TIME SERIES

  • Ritu Chandna Department of Mathematics, Graphic Era University, Dehradun 248002, India
  • Mangey Ram Department of Mathematics, Graphic Era University, Dehradun 248002, India
Keywords: Forecasting, Fuzzy Time Series, Availability, Linguistic Values, Historical Data, Fuzzification

Abstract

Inthis paper, the fuzzy time series is applied to forecast the availability of a standby system incorporating waiting time to repair. In doingso, a fuzzy time series model is developed using historical data. Fuzzy time series is an effective tool to deal with problems when historical data are linguistic values. A complete procedure isproposed which includes: fuzzifying the historical data, developing a fuzzy time series model, and calculating and interpreting theoutputs. A numerical example is presented to illustrate the utility of the model.

 

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Published
2014-03-25
Section
Articles