Search results

This paper aims to study the interplay between a risk-averse national brand manufacturer's (NBM) selling mode decision and a risk-neutral e-platform's private brand (PB) introduction decision.

A game theory model is used to solve selling mode decision, that is whether transform the selling mode from the wholesale mode to the marketplace mode, and PB introduction decision, that is, whether introduce the PB.

The results show that for the NBM, under certain condition, the NBM's selling mode decision is not affected by the e-platform's PB introduction decision. High revenue-sharing rate is conducive only when the difference in consumer preference between the PB and the national brand (NB) is small. The NBM's risk aversion will improve the applicability of the marketplace mode. For the e-platform, high PB preference of consumers and risk-averse behavior of the NBM is not conducive to PB introduction. For the supply chain, scenarios that the NB monopolizes the market under the wholesale mode and PB introduction under the marketplace mode should be prevented. PB introduction under the wholesale mode will become the only equilibrium with the increase of risk aversion of the NBM. Finally, the authors extend the scenario that consumers prefer the PB and the e-platform is risk-averse enterprise and find that PB introduction under the wholesale mode is detrimental to the NBM but beneficial to the supply chain. The impact of consumers' PB preference on the e-platform's PB introduction is opposite to the basic model. The impact of the e-platform's risk aversion on game equilibrium is opposite to that of the NBM's risk aversion.

This paper is first to study selling mode decision and PB introduction decision when considering enterprises' risk-averse attitude.

This research focuses on the controlling irreversibilities in a radiative, chemically reactive electromagnetohydrodynamics (EMHD) flow of a nanofluid toward a stagnation point. Key considerations include the presence of Ohmic dissipation, linear thermal radiation, second-order chemical reaction with the multiple slips. With these factors, this study aims to provide insights for practical applications where thermal management and energy efficiency are paramount.

Lie group transformation is used to revert the leading partial differential equations into nonlinear ODE form. Hence, the solutions are attained analytically through differential transformation method-Padé and numerically using the Runge–Kutta–Fehlberg method with shooting procedure, to ensure the precise and reliable determination of the solution. This dual approach highlights the robustness and versatility of the methods.

The system’s entropy generation is enhanced by incrementing the magnetic field parameter (M), while the electric field (E) and velocity slip parameters (ξ) control its growth. Mass transportation irreversibility and the Bejan number (Be) are significantly increased by the chemical reaction rate (C_r). In addition, there is a boost in the rate of heat transportation by 3.66% while 0.05⩽ξ⩽0.2; meanwhile for 0.2⩽ξ⩽1.1, the rate of mass transportation gets enhanced by 12.87%.

This paper presents a novel approach to analyzing the entropy optimization in a radiative, chemically reactive EMHD nanofluid flow near a stagnation point. Moreover, this research represents a significant advancement in the application of analytical techniques, complemented by numerical approaches to study boundary layer equations.

Food quality and safety issues have always been imperative topics discussed by people. The anti-tampering of blockchain technology and the transparency of information make it possible to improve food traceability and safety quality. How to effectively apply blockchain traceability technology to food safety has great research significance for improving food safety and consumer quality trust.

The paper aims to analyze the differences in product quality levels and market participants’ profits before and after the use of blockchain-driven traceability technology in the food agricultural product supply chain (SC) in the dynamic game frameworks of supplier-led and retailer-led modes, respectively, and explores the willingness, social welfare and consumer surplus of each member of the agricultural product SC to participate in the blockchain. Besides, We investigate the SC performance improvement with the mechanism of central centralized decision-making and revenue-sharing contract, compared to the SC performance in dynamic games.

The results are obtained as follow: The adoption of blockchain traceability technology can help improve the quality of food agricultural products, consumer surplus and social welfare, but the application and popularization of technology is hindered by traceability technology installment costs. Compared with the supplier leadership model, retailer-led food quality level, customer surplus and social welfare are higher.

How to effectively apply blockchain traceability technology to food safety has great research significance for improving food safety and consumer quality trust.

Food quality and safety issues have always been hot topics discussed by people. The anti-tampering of blockchain technology and the transparency of information make it possible to improve food traceability and safety quality.

The research results enrich the theories related to food safety and quality, and provide a valuable reference for food enterprises involved in the decision-making exploration of blockchain technology.

Based on the characteristics of blockchain technology, the demand function is adjusted and the product loss risk of channel members is transferred through a Stackelberg game SC composed of agricultural products suppliers and retailers.

• •

  We introduce two features of blockchain: quality trust and product information tracking.

• •

  The willingness of each member of the supply chain to use blockchain for product traceability was explored.

• •

  The overall traceability effect of the retailer-led blockchain is better than that of the manufacturer-led blockchain.

• •

  The cost of blockchain technology is a barrier to its adoption.

• •

  Blockchain brings higher consumer surplus and social welfare.

We introduce two features of blockchain: quality trust and product information tracking.

The willingness of each member of the supply chain to use blockchain for product traceability was explored.

The overall traceability effect of the retailer-led blockchain is better than that of the manufacturer-led blockchain.

The cost of blockchain technology is a barrier to its adoption.

Blockchain brings higher consumer surplus and social welfare.

The purpose of this study is to investigate the interplay between fiscal dominance and monetary policy in South Africa from 1960 to 2023.

The study employs a structural vector autoregression (SVAR) medel to analyze the relationship between fiscal dominance and monetary policy. Short-term and long-term shocks of government borrowing and deficits are examined to understand their impact on inflation dynamics.

Fiscal dominance has a significant effect both in the short and long run. There is evidence that government debt and deficits increase inflation, overriding the effects of monetary policy aimed at maintaining price stability. On the other hand, the study reveals that money supply shocks have a greater effect in reducing fiscal dominance compared to interest rate shocks. The variance movement on inflation is significantly explained by government debt and deficits. This emphasizes the persistence of inflationary pressures associated with fiscal dominance, highlighting the importance of effective policy interventions to mitigate inflationary risks.

This study contributes to the existing literature by providing insights into the dynamics of fiscal dominance in South Africa. Moreover, this study extends the theoretical framework of the fiscal theory of the price level (FTPL) and the government budget constraint. This study contributes valuable insights into the dynamics of fiscal dominance in South Africa and offers guidance for policymakers in formulating strategies to safeguard economic stability.

This paper aims to present a study on stability analysis of Jeffrey fluids in the presence of emergent chemical gradients within microbial systems of anisotropic porous media.

This study uses an effective method that combines non-dimensionalization, normal mode analysis and linear stability analysis to examine the stability of Jeffrey fluids in the presence of emergent chemical gradients inside microbial systems in anisotropic porous media. The study focuses on determining critical values and understanding how temperature gradients, concentration gradients and chemical reactions influence the onset of bioconvection patterns. Mathematical transformations and analytical approaches are used to investigate the system’s complicated dynamics and the interaction of numerous characteristics that influence stability.

The analysis is performed using the Jeffrey-Darcy type and Boussinesq estimation. The process involves using non-dimensionalization, using the normal mode approach and conducting linear stability analysis to convert the field equations into ordinary differential equations. The conventional thermal Rayleigh Darcy number RDa,c is derived as a comprehensive function of various parameters, and it remains unaffected by the bio convection Lewis number Łe. Indeed, elevating the values of ζ and γ′ in the interval of 0 to 1 has been noted to expedite the formation of bioconvection patterns while concurrently expanding the dimensions of convective cells. The purpose of this investigation is to learn how the temperature gradient affects the concentration gradient and, in turn, the stability and initiation of bioconvection by taking the Soret effect into the equation. The results provide insightful understandings of the intricate dynamics of fluid systems affected by chemical and biological elements, providing possibilities for possible industrial and biological process applications. The findings illustrate that augmenting both microbe concentration and the bioconvection Péclet number results in an unstable system. In this study, the experimental Rayleigh number RDa,c was determined to be 4π2at the critical wave number ( δcˇ) of π.

The study’s novelty originated from its investigation of a novel and complicated system incorporating Jeffrey fluids, emergent chemical gradients and anisotropic porous media, as well as the use of mathematical and analytical approaches to explore the system’s stability and dynamics.

This study investigates the influence of nonfinancial 8-K disclosures released during the earnings announcement window on the abnormal trading activities of individual investors.

We employ regression analysis in this empirical study to examine the impact of nonfinancial 8-K filings on individual investors' abnormal trading activities.

Our results reveal that individual investors exhibit higher levels of abnormal trading activities when firms release nonfinancial 8-Ks during the (0,1) window of earnings announcements. This effect is observed for both buyer-initiated and seller-initiated transactions and is particularly pronounced for firms reporting an operating loss. Negative sentiment in 8-Ks significantly intensifies such effect. Additionally, we find that buy-sell consensus increases significantly with concurrent nonfinancial 8-Ks. This suggests that 8-Ks may reduce information noise, leading individuals to trade with greater conviction.

Our study examines the joint influence of nonfinancial 8-Ks and earnings announcements on individual investors' trading activities, thereby providing a novel perspective on the mechanisms through which 8-K filings affect individual investors' trading behaviors.

Motivated by the real-world practice of the thriving e-commerce, manufacturers are transcending traditional boundaries of merely producing and selling directly by implementing encroachment. Concurrently, supply chain (SC) members who overlook the corporate social responsibility (CSR) sharing will be left behind, which is closely linked to their profits. This paper aims to investigate a better way to share CSR under the scenarios of manufacturer encroachment and no-encroachment.

This paper constructs game-theoretic models in a SC consisting of a manufacturer (M) and a retailer (R), where the manufacturer can sell products by retailing, and may sell directly by implicating encroachment. The manufacturer and retailer jointly consider whether to share CSR and the proportion of it by taking consumer surplus into account. Furthermore, equilibriums for each model are derived using backward induction. Then, the authors analyse the impact of CSR sharing proportion and compare the equilibrium outcomes under different scenarios. Finally, the numerical analyses are presented to verify the results.

Several interesting results are found in this paper. First, the retailer shares more CSR can benefit SC members and social welfare when the manufacturer does not implement encroachment. However, the results may change which is decided by the unit cost of encroachment when the manufacturer does so. Second, the proportion of CSR shared by manufacturer and the unit cost of encroachment has an interactive impact on equilibrium outcomes. Finally, both manufacturer encroachment and SC members share CSR may be the best for the perspective of SC members and consumers.

Based on the analytical results, this paper provides novel managerial implications to assist manufacturer and retailer in determining the optimal strategies for CSR sharing and encroachment. Furthermore, the appropriate proportion of CSR shared by manufacturer and the unit cost of encroachment may let manufacturer, retailer and consumer surplus achieve a win-win-win situation.

To the best of the authors’ knowledge, this paper is the first attempt to explore the strategy of CSR sharing under the scenarios of manufacturer encroachment and no-encroachment.

To remain competitive in an unpredictable environment where the complexity and frequency of cybercrime are rapidly increasing, a cyber resiliency strategy is vital for business continuity. However, one of the barriers to improving cyber resilience is that security defense and accident recovery do not combine efficaciously, as embodied by emphasizing cyber security defense strategies, leaving firms ill-prepared to respond to attacks. The present study thus develops an expected resilience framework to assess cyber resilience, analyze cyber security defense and recovery investment strategies and balance security investment allocation strategies.

Based on the expected utility theory, this paper presents an expected resilience framework, including an expected investment resilience model and an expected profit resilience model that directly addresses the optimal joint investment decisions between defense and recovery. The effects of linear and nonlinear recovery functions, risk interdependence and cyber insurance on defense and recovery investment are also analyzed.

According to the findings, increasing the defense investment coefficient reduces defense and recovery investment while increasing the expected resilience. The nonlinear recovery function requires a smaller defense investment and overall security investment than the linear one, reflecting the former’s advantages in lowering cybersecurity costs. Moreover, risk interdependence has positive externalities for boosting defense and recovery investment, meaning that the expected profit resilience model can reduce free-riding behavior in security investments. Insurance creates moral hazard for firms by lowering defensive investment, yet after purchasing insurance, expanded coverage and cost-effectiveness incentivize firms to increase defense and recovery spending, respectively.

The paper is innovative in its methodology as it offers an expected cyber resilience framework for integrating defense and recovery investment and their effects on security investment allocation, which is crucial for building cybersecurity resilience but receives little attention in cybersecurity economics. It also provides theoretical advances for cyber resilience assessment and optimum investment allocation in other fields, such as cyber-physical systems, power and water infrastructure – moving from a resilience triangle metric to an expected utility theory-based method.

The purpose of this study is to consider the dynamics of Casson–Walters-B alongside gyrotactic microorganisms through the investigation of antibacterial and antiviral mechanisms using silver nanoparticles (AgNPs). The Casson fluid and Walters-B flow from the penetrable plate to the boundary layer (BL) in this analysis. The antiviral and antibacterial mechanisms of AgNPs were separately examined in this study.

The physical phenomenon of this problem was analyzed with partial differential equations (PDEs). These PDEs were changed into ordinary differential equations (ODEs) to further explain the significance of pertinent control parameters. The set of equations is solved numerically by implementing the spectral relaxation method (SRM). SRM is a numerical technique that uses the basic techniques of Gauss-Seidel. The SRM first decouples and linearizes the coupled nonlinear set of ODEs.

In this finding, it is found that the thermal radiation parameter produces higher temperatures within the BL to cause blockage in viral replications. It is found in this study that the magnetic parameter assisted in disinfection by lowering the antiviral and antibacterial mechanisms within the momentum BL. This is evident from the reduction in the velocity and momentum BL as the Casson and Walters-B parameters increase.

This paper is unique because it examined the antiviral and antibacterial mechanisms by using AgNPs. Prior to the authors’ understanding, no study of this type was conducted in the past. To the best of the authors’ knowledge, no other study in the past has examined the mechanisms of antiviral and antibacterial separately within the BL. Also, the simultaneous flow of Casson (honey) and Walters-B fluids were considered flowing through the vertical porous plate to the BL.

The purpose of this study is to investigate the effects of entropy generation of some embedded thermophysical properties on heat and mass transfer of pulsatile flow of non-Newtonian nanofluid flows between two porous parallel plates in the presence of Lorentz force are taken into account in this research.

The governing partial differential equations (PDEs) were nondimensionalized using suitable nondimensional quantities to transform the PDEs into a system of coupled nonlinear PDEs. The resulting equations are solved using the spectral relaxation method due to the effectiveness and accuracy of the method. The obtained velocity and temperature profiles are used to compute the entropy generation rate and Bejan number. The influence of various flow parameters on the velocity, temperature, entropy generation rate and Bejan number are discussed graphically.

The results indicate that the energy losses can be minimized in the system by choosing appropriate values for pertinent parameters; when thermal conductivity is increasing, this leads to the depreciation of entropy generation, and while this increment in thermal conductivity appreciates the Bejan number, the Eckert number on entropy generation and Bejan number, the graph shows that each time of increase in Eckert will lead to rising of entropy generation while this increase shows a reduction in Bejan number. To shed more light, these results were further demonstrated graphically. The current research was very well supported by prior literature works.

All results are presented graphically, and the results in this article are anticipated to be helpful in the area of engineering.