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1 – 10 of over 1000Wenbin Tang, Xia Chen, Xue Zhang and Zhihong Peng
This study aims to explain the market-oriented transformation dilemma of Chinese urban investment and development companies (UIDCs; also known as local government investment and…
Abstract
Purpose
This study aims to explain the market-oriented transformation dilemma of Chinese urban investment and development companies (UIDCs; also known as local government investment and financing companies) and objectively evaluate their transformation efficiency from both static and dynamic perspectives. The results of the research provide methodological bases for improving the transformation efficiency of UIDCs, thus pointing out the direction for the rational planning of their transformation path.
Design/methodology/approach
This study takes Chinese UIDCs in market transformation during 2015–2019 as the research object and uses principal component analysis to screen the index system for measuring the efficiency of market transformation. It then uses a three-stage data envelopment analysis model and the Malmquist productivity index to evaluate the market transformation efficiency of these companies during 2015–2019 and comprehensively analyzes the influence of external environmental factors on the market transformation of Chinese UIDCs.
Findings
Research results show that the transformation efficiency of Chinese UIDCs is low and slow overall and that large spatial and temporal differences exist. The transformation efficiency of UIDCs located in eastern China is higher than that of UIDCs in central and western China. The higher the external environmental factors of regional GDP, local debt service pressure and credit rating, the more likely they are to cause input redundancy in the transformation process of Chinese UIDCs, which is not conducive to their market-oriented transformation. In addition, the higher the urbanization rate, the more effective it is to improve the efficiency of market-oriented transformation of UIDCs. If the influence of environmental factors is stripped away, both the overall efficiency value and pure technical efficiency value of market-oriented transformation of Chinese UIDCs will increase while the scale efficiency value becomes smaller.
Originality/value
This research measures the transformation efficiency of Chinese UIDCs and comprehensively analyzes the influence of external environmental factors on their market-oriented transformation. The goal is to enrich the study of the market-oriented transformation efficiency evaluation index system of Chinese UIDCs at the theoretical level and provide important reference values for improving the efficiency of market-oriented transformation of Chinese UIDCs at the practical level.
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Guang-Zhi Zeng, Zheng-Wei Chen, Yi-Qing Ni and En-Ze Rui
Physics-informed neural networks (PINNs) have become a new tendency in flow simulation, because of their self-advantage of integrating both physical and monitored information of…
Abstract
Purpose
Physics-informed neural networks (PINNs) have become a new tendency in flow simulation, because of their self-advantage of integrating both physical and monitored information of fields in solving the Navier–Stokes equation and its variants. In view of the strengths of PINN, this study aims to investigate the impact of spatially embedded data distribution on the flow field results around the train in the crosswind environment reconstructed by PINN.
Design/methodology/approach
PINN can integrate data residuals with physical residuals into the loss function to train its parameters, allowing it to approximate the solution of the governing equations. In addition, with the aid of labelled training data, PINN can also incorporate the real site information of the flow field in model training. In light of this, the PINN model is adopted to reconstruct a two-dimensional time-averaged flow field around a train under crosswinds in the spatial domain with the aid of sparse flow field data, and the prediction results are compared with the reference results obtained from numerical modelling.
Findings
The prediction results from PINN results demonstrated a low discrepancy with those obtained from numerical simulations. The results of this study indicate that a threshold of the spatial embedded data density exists, in both the near wall and far wall areas on the train’s leeward side, as well as the near train surface area. In other words, a negative effect on the PINN reconstruction accuracy will emerge if the spatial embedded data density exceeds or slips below the threshold. Also, the optimum arrangement of the spatial embedded data in reconstructing the flow field of the train in crosswinds is obtained in this work.
Originality/value
In this work, a strategy of reconstructing the time-averaged flow field of the train under crosswind conditions is proposed based on the physics-informed data-driven method, which enhances the scope of neural network applications. In addition, for the flow field reconstruction, the effect of spatial embedded data arrangement in PINN is compared to improve its accuracy.
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Mohammed Taha Alqershy, Qian Shi and Diana R. Anbar
This study aims to investigate the factors influencing the social responsibility performance of Belt and Road Initiative (BRI) megaprojects. Specifically, it examines the role of…
Abstract
Purpose
This study aims to investigate the factors influencing the social responsibility performance of Belt and Road Initiative (BRI) megaprojects. Specifically, it examines the role of isomorphic pressures and the joint influence of perceived benefits and top management support on megaproject social responsibility performance (MSRP).
Design/methodology/approach
Drawing from institutional theory, social exchange theory, and top management literature, this study established a conceptual model featuring eleven hypotheses. Subsequently, a questionnaire survey was administered to collect data from 238 actively engaged participants in BRI megaprojects. Structural Equation Modelling was utilised to analyse the data.
Findings
The empirical findings indicate that mimetic and coercive pressures positively influence MSRP. Perceived benefits and top management support significantly enhance MSRP. Moreover, perceived benefits and top management support partially mediate the effects of coercive and mimetic pressures. However, when it comes to normative pressures, their impact on MSRP is solely channelled through the support of top management.
Originality/value
This study is one of the early endeavours to explore the factors influencing the social responsibility performance of BRI megaprojects. It sheds light on the interplay between external pressures and internal factors in shaping social responsibility efforts in these projects. These findings are of particular significance for BRI actors and stakeholders, offering guidance for enhancing social responsibility strategies within the context of BRI megaprojects.
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Nausheen Bibi Jaffur, Pratima Jeetah and Gopalakrishnan Kumar
The increasing accumulation of synthetic plastic waste in oceans and landfills, along with the depletion of non-renewable fossil-based resources, has sparked environmental…
Abstract
The increasing accumulation of synthetic plastic waste in oceans and landfills, along with the depletion of non-renewable fossil-based resources, has sparked environmental concerns and prompted the search for environmentally friendly alternatives. Biodegradable plastics derived from lignocellulosic materials are emerging as substitutes for synthetic plastics, offering significant potential to reduce landfill stress and minimise environmental impacts. This study highlights a sustainable and cost-effective solution by utilising agricultural residues and invasive plant materials as carbon substrates for the production of biopolymers, particularly polyhydroxybutyrate (PHB), through microbiological processes. Locally sourced residual materials were preferred to reduce transportation costs and ensure accessibility. The selection of suitable residue streams was based on various criteria, including strength properties, cellulose content, low ash and lignin content, affordability, non-toxicity, biocompatibility, shelf-life, mechanical and physical properties, short maturation period, antibacterial properties and compatibility with global food security. Life cycle assessments confirm that PHB dramatically lowers CO2 emissions compared to traditional plastics, while the growing use of lignocellulosic biomass in biopolymeric applications offers renewable and readily available resources. Governments worldwide are increasingly inclined to develop comprehensive bioeconomy policies and specialised bioplastics initiatives, driven by customer acceptability and the rising demand for environmentally friendly solutions. The implications of climate change, price volatility in fossil materials, and the imperative to reduce dependence on fossil resources further contribute to the desirability of biopolymers. The study involves fermentation, turbidity measurements, extraction and purification of PHB, and the manufacturing and testing of composite biopolymers using various physical, mechanical and chemical tests.
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Jun Zhao, Zhenguo Lu and Guang Wang
This study aims to address the challenge of the real-time state of charge (SOC) estimation for lithium-ion batteries in robotic systems, which is critical for monitoring remaining…
Abstract
Purpose
This study aims to address the challenge of the real-time state of charge (SOC) estimation for lithium-ion batteries in robotic systems, which is critical for monitoring remaining battery power, planning task execution, conserving energy and extending battery lifespan.
Design/methodology/approach
The authors introduced an optimal observer based on adaptive dynamic programming for online SOC estimation, leveraging a second-order resistor–capacitor model for the battery. The model parameters were determined by fitting an exponential function to the voltage response from pulse current discharges, and the observer's effectiveness was verified through extensive experimentation.
Findings
The proposed optimal observer demonstrated significant improvements in SOC estimation accuracy, robustness and real-time performance, outperforming traditional methods by minimizing estimation errors and eliminating the need for iterative steps in the adaptive critic and actor updates.
Originality/value
This study contributes a novel approach to SOC estimation using an optimal observer that optimizes the observer design by minimizing estimation errors. This method enhances the robustness of SOC estimation against observation errors and uncertainties in battery behavior, representing a significant advancement in battery management technology for robotic applications.
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Abstract
Purpose
Previous studies have rarely integrated the financing modes of a capital-constrained manufacturer with the choices of online sales strategies. To address this gap, the authors study how a manufacturer selects optimal financing modes under different sales strategies in three dual-channel supply chains.
Design/methodology/approach
This paper considers three sales strategies, namely, combining a traditional retailer channel with one of the direct selling, reselling and agency selling channels, and two common financing modes, namely, bank financing and retailer financing. The authors obtain equilibrium outcomes of the manufacturer and traditional retailer and then provide the conditions for them to select optimal financing modes under three sales strategies.
Findings
The results indicate that the manufacturer’s financing decisions rely on the initial capital and interest rates, and the manufacturer selects retailer financing only if the initial capital is relatively larger. In terms of financing mode options, the retailer financing mode is more beneficial for the manufacturer under the three sales strategies. From the perspective of sales strategies, the direct selling model is more beneficial. In addition, the higher the consumer acceptance of the online channel, the more profits the manufacturer obtains.
Practical implications
This paper provides suggestions on how the capital-constrained manufacturer chooses financing modes and sales strategies.
Originality/value
This paper integrates the financing mode and different sales strategies to investigate the manufacturer’s optimal operational decisions. These sales strategies allow us to investigate the manufacturer’s optimal financing modes in the presence of both different financing modes and sales strategies.
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Xiaowen Chen, Wanlin Xie, Song Tang, Meng Zhang, Hao Song, Qingzheng Ran and Defen Zhang
The purpose of this study is to examine the impact of MoS2 on the microstructure and characteristics of micro-arc oxidized (MAO) ceramic coatings created on ZK60 magnesium alloy…
Abstract
Purpose
The purpose of this study is to examine the impact of MoS2 on the microstructure and characteristics of micro-arc oxidized (MAO) ceramic coatings created on ZK60 magnesium alloy through the addition of varying concentrations of MoS2 particles to the electrolyte, aiming to enhance the corrosion resistance of magnesium alloy.
Design/methodology/approach
The surface morphology, roughness and phase composition of the coatings were analyzed using scanning electron microscopy, a hand-held roughness tester and an X-ray diffractometer, respectively, and the corrosion resistance of the MAO coatings prepared by the addition of different contents of MoS2 particles was tested and analyzed using an electrochemical workstation.
Findings
The results demonstrate that MoS2/MgO composite coatings have been successfully prepared on the surface of magnesium alloys through micro-arc oxidation. Furthermore, the corrosion resistance of the ZK60 magnesium alloy prepared with the addition of 1.0 g/L MoS2 was the best compared to the other samples.
Originality/value
MoS2 particles were able to penetrate the coatings successfully during the micro-arc oxidation process, acting as a barrier in the micropores to prevent the corrosion medium from touching the surface, thus improving the corrosion resistance of the sample. The electrochemical workstation was used to study the corrosion resistance of the MoS2/MAO coating on the ZK60 magnesium alloy.
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Pham Dinh Long, Nguyen Huynh Mai Tram and Pham Thi Bich Ngoc
The transition from fossil fuel-based energy systems to renewable energy sources, commonly referred to as the energy transition, is essential for combating climate change…
Abstract
Purpose
The transition from fossil fuel-based energy systems to renewable energy sources, commonly referred to as the energy transition, is essential for combating climate change. However, comprehensive studies that thoroughly examine the financial mechanisms involved in this process are lacking. Despite the availability of various financial tools, there is a notable absence of extensive research that synthesizes and categorizes these mechanisms into broad groups.
Design/methodology/approach
A systematic literature review is used to explore a comprehensive framework for financial mechanisms related to the energy transition and their application across six stages of the process.
Findings
The framework of financial mechanisms for energy transition encompasses these six factors: public financing mechanisms, private financing mechanisms, market-based mechanisms, innovative financing mechanisms, risk mitigation instruments and institutional support and capacity building.
Originality/value
This is the first study that thoroughly reviewed the financial mechanisms involved in the energy transition process.
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Gongbing Bi, Yue Wu and Hang Xu
This paper aims to investigate the impact of quality loss in transit on e-commerce supply chain pricing, production and financing decisions.
Abstract
Purpose
This paper aims to investigate the impact of quality loss in transit on e-commerce supply chain pricing, production and financing decisions.
Design/methodology/approach
The authors consider a Stackelberg game model with a supplier, logistics firm and e-commerce platform. The logistics firm is capital-constrained and obtains funding from the e-commerce platform by debt financing or equity financing. Through backward induction, this paper first solves the equilibrium results under the two financing schemes and then reveals the financing preferences of all parties.
Findings
The results demonstrate that equity financing reduces financing costs and promotes production significantly. However, it may also lead to overproduction, particularly in markets with poor profitability and high cost factors. When the percentage of product quality loss is large, equity financing is preferable. With the increasing of transportation level, the benefits of debt finance are steadily growing. In addition, equity financing is the Pareto dominant scheme for all firms under certain circumstances. The extensions consider hybrid financing and another quality loss type.
Practical implications
The paper derives the equilibrium solutions and financing preferences, then specifies the threshold for applying financing schemes. Provide guidance for logistics firms’ finance model innovation and core enterprise involvement in the logistics industry.
Originality/value
The paper investigates how logistics firms’ financing strategies are impacted by product quality loss.
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Bekir Bora Dedeoğlu, Caner Çalışkan, Tzu-Ling Chen, Jacek Borzyszkowski and Fevzi Okumus
This study investigates the relationship between feelings of loneliness in the workplace, life satisfaction, affect, hope and expressivity among hotel employees.
Abstract
Purpose
This study investigates the relationship between feelings of loneliness in the workplace, life satisfaction, affect, hope and expressivity among hotel employees.
Design/methodology/approach
The research model was tested via structural equation modeling based on the empirical data collected from hotel employees in Antalya, Turkey.
Findings
The research findings suggest that emotional deprivation and social companionship have a significant impact on life satisfaction, that life satisfaction has a significant impact on positive and negative emotions, and that positive and negative emotions have the same impact on pathways and agencies.
Originality/value
The research findings should assist researchers and practitioners to understand the behaviors of hotel employees in continuous interaction and relationship with individuals to motivate them while providing more effective services.
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