Long Ding, Zhengping He and Bingzhi Chen
Achieve a lightweight design for a bogie frame while ensuring it meets strength requirements by conducting static and fatigue strength assessments and optimizing plate thickness.
Abstract
Purpose
Achieve a lightweight design for a bogie frame while ensuring it meets strength requirements by conducting static and fatigue strength assessments and optimizing plate thickness.
Design/methodology/approach
Establish a finite element model and determine loads according to the UIC615-4 standard. Fatigue strength assessments are conducted using the structural stress method. Size optimization for plate thickness is performed with constraints on maximum static strength and total fatigue damage of the weld. Multi-objective optimization design is carried out using Isight software, with sensitivity analysis to identify key plates. The neural network model is chosen as the approximation model, and the NSGA-II multi-objective genetic algorithm is selected as the optimization algorithm.
Findings
The strength assessment reveals a significant margin. Through size optimization of plate thickness with constraints on static strength and fatigue damage, the frame’s mass is reduced by 9.59%, achieving a lightweight design while meeting strength requirements.
Originality/value
In many lightweight studies, the inclusion of fatigue assessment through the structural stress method in the optimization process is often overlooked. However, this paper addresses this gap by incorporating it and providing a detailed operational procedure. Such consideration holds reference value for the design of lightweight optimization, especially when fatigue strength is a critical consideration.
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Subhodeep Mukherjee, Manish Mohan Baral, Rajesh Kumar Singh, Venkataiah Chittipaka and Sachin S. Kamble
With the change in climate and increased pollution, there has been a need to reduce environmental carbon emissions. This research aims to develop a framework for reducing…
Abstract
Purpose
With the change in climate and increased pollution, there has been a need to reduce environmental carbon emissions. This research aims to develop a framework for reducing environmental carbon footprints to improve business performance.
Design/methodology/approach
This study uses Scientific Procedures and Rationales for the Systematic Literature Reviews (SPAR-4-SLR) approach. Articles are searched in the Scopus database using various keywords and their combinations. It resulted in 651 articles initially. After applying different screening criteria, 61 articles were considered for the final study.
Findings
This study provided four themes and sub-themes within each category. This research also used theories, methodologies and context (TMC) framework to provide future research questions. This study used the antecedents, decisions and outcomes (ADO) framework for synthesising the findings. The ADO framework will help to achieve carbon neutrality and improve firms' supply chain (SC) performance.
Research limitations/implications
This study provides theoretical implications by highlighting the various theories that can be used in future research. This study also states the practical implications for the achievement of carbon neutrality by the firms.
Originality/value
This study contributes to the literature linking carbon neutrality with business performance.
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Prince Kumar Maurya, Rohit Bansal and Anand Kumar Mishra
This study aims to systematically review the literature on how various factors influence investor sentiment and affect financial markets. This study also sought to present an…
Abstract
Purpose
This study aims to systematically review the literature on how various factors influence investor sentiment and affect financial markets. This study also sought to present an overview of explored contexts and research foci, identifying gaps in the literature and setting an agenda for future research.
Design/methodology/approach
The systematic literature investigation yielded 555 journal articles, with few other exceptional inclusions. The data have been extracted from the two databases, i.e. Scopus and Web of Science. For bibliometric analysis, VOSviewer and Biblioshiny by R have been used. The period of investigation is from 1985 to July 2023.
Findings
This systematic literature review helped us identify factors influencing investor sentiment and financial markets. This study has broadly classified these factors into two categories: rational and irrational. Rational factors include – economics and monetary policy, exchange rate, interest rates, inflation, government mandatory regulations, earning announcements, stock-split, dividend decisions, audit quality, environmental, social and governance aspects and ratings. Irrational factors include – behavioural and psychological factors, social media and online talk, news and entertainment, geopolitical and war events, calendar anomalies, environmental, natural disasters, religious events and festivals, irrationality caused due to government/supervisory body regulations, and corporate events. Using these factors, this study has developed an investor sentiment model. In addition, this review identified research trends, methodology, data and techniques used by researchers.
Originality/value
This review comprehensively explains how various factors affect investor sentiment and the stock market using the investor sentiment model. It further proposes an extensive future research agenda. This study has implications for stock market participants.
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Jianlei Han, Stewart Jones, Zini Liang, Zheyao Pan and Jing Shi
This paper examines the evolving landscape of accounting and finance research on the Chinese capital market, building on a previous study published at Abacus in 2018.
Abstract
Purpose
This paper examines the evolving landscape of accounting and finance research on the Chinese capital market, building on a previous study published at Abacus in 2018.
Design/methodology/approach
By incorporating data from 1999 to 2023, our analysis offers a detailed examination of shifts in academic focus, methodological advancements and thematic expansions over the last quarter-century.
Findings
The study reveals a substantial increase in accounting and finance publications related to the Chinese capital market in both Tier 1 and Asia-Pacific journals. The dynamic growth of the Chinese capital market during this period reflects profound economic transformations, characterized by technological innovations, sustainability commitments and regulatory reforms.
Originality/value
We conclude that the globally important Chinese capital market has attracted increasing academic attention, significantly advancing the understanding of accounting and finance research in China’s capital market.
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Xin-Zhou Qi, Eric Ping Hung Li, Zhuangyu Wei and Zhong Ning
This study examines the impact of university science parks’ (USPs) capabilities on revenue generation and introduces regional innovation as a moderating variable. This study aims…
Abstract
Purpose
This study examines the impact of university science parks’ (USPs) capabilities on revenue generation and introduces regional innovation as a moderating variable. This study aims to provide insights into enhancing revenue generation and fully leveraging the role of USPs in promoting revenue generation.
Design/methodology/approach
This study employs system generalized method of moments (GMM) estimation for 116 universities in China from 2008 to 2020, using hierarchical regression analysis to examine the relationships between variables.
Findings
The findings suggest that USPs play a beneficial role in fostering revenue generation. Specifically, the provision of incubation funding demonstrates a positive correlation, while USPs size exhibits an inverted U-shaped pattern, with a threshold at 3.037 and a mean value of 3.712, highlighting the prevalent issue of suboptimal personnel allocation in the majority of USPs. Moreover, the analysis underscores the critical moderating influence of regional innovation, affecting the intricate interplay between USPs size, incubation funding and revenue generation.
Research limitations/implications
The single country (China) analysis relied solely on the use of secondary data. Future studies could expand the scope to include other countries and employ primary data collection. For instance, future research can further examine how regional development and USPs strategic plan impact revenue generation.
Practical implications
The study recommends that USPs managers and policymakers recognize the importance of incubation funding and determine the optimal quantity of USPs size to effectively foster revenue generation in USPs. Policymakers can use regional innovation as a moderating variable to reinforce the relationship between USPs size and incubation funding on revenue generation.
Social implications
The study’s findings can contribute to the strategic industry growth and economic development of nations by promoting revenue generation. Leveraging the role of USPs and implementing the study’s recommendations can strengthen innovation and technology capabilities, driving strategic industry growth and economic development. This can enhance global competitiveness and promote sustainable economic growth.
Originality/value
This study introduces regional innovation as a moderating variable and provides empirical evidence of its influence on the relationship between USPs size and incubation funding on revenue generation. This adds value to research to the existing literature on USPs and revenue generation by showcasing the importance of examining the regional impact in research and innovation.
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Jingqi Zhang and Shaohua Jiang
This study investigates the impact and role of digital twin technology in building automation (DTBA) from a sustainability viewpoint. It aims to enhance the understanding of how…
Abstract
Purpose
This study investigates the impact and role of digital twin technology in building automation (DTBA) from a sustainability viewpoint. It aims to enhance the understanding of how DTBA can boost efficiency, optimize quality and support sustainable practices in contemporary construction. By exploring the integration of DTBA with sustainable practices, the study seeks to demonstrate how DT can revolutionize building management and operations, leading to significant improvements in resource efficiency, environmental impact and overall operational excellence.
Design/methodology/approach
This research employs a bibliographic analysis and systematic review of 176 publications from the past five years (January 1, 2019 to December 31, 2023), focusing on the application and development of DTBA. The study methodically analyzes current trends, identifies research gaps and suggests future directions by synthesizing data from various studies, offering a comprehensive overview of the current state of DTBA research. The approach combines quantitative and qualitative analyses to provide robust insights into the advancements and challenges in the field.
Findings
The review identifies key development areas in DTBA, such as energy and environmental management, resource utilization within a circular economy and technology integration and interoperability. It highlights the necessity for further research to maximize DTBA’s potential in sustainable building automation. The findings suggest that while significant progress has been made, there is a critical need for innovations in data interoperability, predictive analytics and the integration of renewable energy sources to fully realize the benefits of DTBA in enhancing building sustainability.
Originality/value
This paper provides a thorough review of DTBA from a sustainability perspective, offering valuable insights into its current applications and future development potential. It serves as a crucial resource for researchers and practitioners looking to advance sustainable practices in the construction sector using DT technology. By bridging the gap between theoretical research and practical applications, the paper underscores the transformative potential of DTBA in driving sustainable development and provides a roadmap for future research and innovation in the field.
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Common institutional ownership is a phenomenon that has extended throughout the capital markets in recent years and has a significant impact on business strategy decisions. The…
Abstract
Purpose
Common institutional ownership is a phenomenon that has extended throughout the capital markets in recent years and has a significant impact on business strategy decisions. The study intends to investigate the effect of common institutional ownership on corporate over-financialization and potential functioning mechanisms.
Design/methodology/approach
Using panel data from Chinese-listed companies over the period of 2003–2021, the authors conduct regression models which controlled year-, industry- and regional fixed effects to explore the impact of common institutional ownership on corporate over-financialization.
Findings
This study concludes that corporate over-financialization may be prevented via common institutional ownership. The mechanism test suggests that common institutional ownership inhibits corporate over-financialization by improving internal control quality and enhancing financial flexibility. Besides, heterogeneity analysis shows that the inhibiting effect of common institutional ownership on corporate over-financialization is more pronounced in stability-oriented institutional investors and high financing constraints firms.
Originality/value
This paper makes a valuable contribution to the current studies on effective strategies to prevent enterprises from becoming overly financialized by recognizing common institutional ownership. Furthermore, this paper adds to the research on common institutional ownership’s economic consequences. Finally, this study provides management implications for how to optimize corporate governance structures, curb the financialization of entities in practice and promote the development of the real economy.
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Seyed Ashkan Zarghami and Ofer Zwikael
A variety of buffer allocation methods exist to distribute an aggregated time buffer among project activities. However, these methods do not pay simultaneous attention to two key…
Abstract
Purpose
A variety of buffer allocation methods exist to distribute an aggregated time buffer among project activities. However, these methods do not pay simultaneous attention to two key attributes of disruptive events that may occur during the construction phase: probability and impact. This paper fills this research gap by developing a buffer allocation method that takes into account the synergistic impact of these two attributes on project activities.
Design/methodology/approach
This paper develops a three-step method, calculating the probability that project activities are disrupted in the first step, followed by measuring the potential impact of disruption on project activities, and then proposing a risk-informed buffer allocation index by simultaneously integrating probability and impact outputs from the first two steps.
Findings
The proposed method provides more accurate results by sidestepping the shortcomings of conventional fuzzy-based and simulation-based methods that are purely based on expert judgments or historical precedence. Further, the paper provides decision-makers with a buffer allocation method that helps in developing cost-effective buffering and backup strategies by prioritizing project activities and their required resources.
Originality/value
This paper develops a risk-informed buffer allocation method that differs from those already available. The simultaneous pursuit of the probability and impact of disruptions distinguishes our method from conventional buffer allocation methods. Further, this paper intertwines the research domains of complexity science and construction management by performing centrality analysis and incorporating a key attribute of project complexity (i.e. the interconnectedness between project activities) into the process for buffer allocation.
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Khushnuma Wasi, Zuby Hasan, Nakul Parameswar, Jayshree Patnaik and M.P. Ganesh
Tech start-ups (TSs) functioning in different domains have a responsibility of ensuring that domestic knowledge and capabilities are leveraged to minimize dependence on foreign…
Abstract
Purpose
Tech start-ups (TSs) functioning in different domains have a responsibility of ensuring that domestic knowledge and capabilities are leveraged to minimize dependence on foreign organizations. Despite the growth of the ecosystem, while numerous TSs emerge, very few of them are able to survive, and of those that survive, very few scale up. The aim of this study is to identify the factors influencing the competitiveness of technological start-ups and to study the interrelationship and interdependence of these factors.
Design/methodology/approach
Modified total interpretative structural modeling (m-TISM) was employed for the current research. The analysis of what factors have an effect on competitiveness, how they affect it and why they affect it should be explored. The study begins by developing the list of factors through literature search, and further it is validated by expert opinion. A hierarchical model has been developed using m-TISM and MICMAC analysis to analyze the driving and dependency power of factors at each level.
Findings
Results show that the competitiveness of TSs is affected by organizational agility and internationalization. Factors present at the bottom level, namely entrepreneurial intensity, act as a strong driver for TSs. Team member commitment, transformational leadership, strategic alliances, knowledge sharing and organizational ambidexterity are middle-level factors.
Originality/value
This study is among the few articles that have explored competitiveness of TSs in the Indian context.
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Abstract
Purpose
This study aims to explore the spatio-temporal dynamic characteristics and influencing factors of the coordination degree of the three systems of digital economy, energy and human habitat in Western China and to provide academic research support for promoting coordinated and sustainable development in similar regions of the world.
Design/methodology/approach
Based on system theory and sustainable development theory, this study primarily uses the coupled coordination degree model to assess the degree of coordination between the three systems.
Findings
The findings of this study indicate that: The three systems’ overall coordination is low. The distribution of the degree of coordination has spatial differences and its coefficient of variation is small. The probability of the coordination type changing for the better is greater than that of the opposite, and neighboring provinces interact with one another. The old-age dependence ratio, the resident population’s urbanization rate and public budget expenditure have the strongest gray association with the degree of coordination.
Practical implications
This study’s findings will be valuable for policymakers in developing policies to promote the coordinated and sustainable growth of the region’s digital economy, energy and human habitat. Additionally, the findings will aid in facilitating regional exchanges and cooperation to enhance the level of sustainable development.
Social implications
This study’s findings will contribute to increased social interest in coordinating sustainable growth in the digital economy, energy and human habitat.
Originality/value
This study examines the digital economy, energy and human habitat within the same framework and investigates spatial spillover effects using spatial Markov chains.