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The fiscal outlay efficiency matters when the performance-based allocation of funds is made to state governments by the central government in a federal structure of an economy like India. Also the efficiency cannon of public expenditure is a key aspect in the field of public economics. Thus, a study to evaluate the efficiency in fiscal outlay of Indian states has been conducted.

The paper offers a three divisions–based paradigm under Network Data Envelopment Analysis framework to compare the performance of fiscal entities (say Indian state governments) in converting available fiscal resources into desired short-run and long-run growth and development objectives. The network efficiency score has been taken as a measure of the quality of fiscal outlay management that is trifurcated into divisional efficiencies representing budgeting process, fiscal outlay efficiency process and fiscal outlay effectiveness process.

It has been noticed that the states are under performing in achieving short-run growth targets and so the efficiency process division has been identified a major source of fiscal under performance. Suboptimum allocation of fiscal expenditure under various heads within the fiscal resources, as explained under budgeting process, is another major cause of fiscal under performance.

The study purposes a three divisions–based paradigm that takes into account efficiency of a state in (1) planning budget, (2) achieving short-run growth targets and (3) achieving long-run development targets. These three stages are named as budgeting process efficiency, fiscal outlay efficiency and fiscal outlay effectiveness, respectively. Therefore, a new paradigm called BEE paradigm is proposed to evaluate performance of fiscal entities in terms of fiscal outlay efficiency.

In existing literature on measuring efficiency of public expenditure, the public sector outputs have been made as function of fiscal expenditure as input treating the said outlay as an exogenous variable. In present context, the fiscal expenditure has been treated endogenous to the budgeting process. A high inefficiency on account of budgeting process supports this treatment too.

The Russia–Ukraine war has disrupted the wheat supply worldwide. Given that wheat is one of the most important agri-food products in the world, it is necessary to pay attention to the wheat supply chain during the global crises. The use of resilience strategies is one of the solutions to face the supply chain disruptions. In addition, there is a possibility of multiple crises occurring in global societies simultaneously.

In this research, the resilience strategies of backup suppliers (BS) and inventory pre-prepositioning (IP) were discussed in order to cope with the wheat supply chain disruptions. Furthermore, the p-Robust Scenario-based Stochastic Programming (PRSSP) approach was used to optimize the wheat supply chain under conditions of disruptions from two perspectives, feasibility and optimality.

After implementing the problem of a real case in Iran, the results showed that the use of resilience strategy reduced costs by 9.33%. It was also found that if resilience strategies were used, system's flexibility and decision-making power increased. Besides, the results indicated that if resilience strategies were used and another crisis like the COVID-19 pandemic occurred, supply chain costs would increase less than when resilience strategies were not used.

In this study, the design of the wheat supply chain was discussed according to the wheat supply disruptions due to the Russia–Ukraine war and its implementation on a real case. In the following, various resilience strategies were used to cope with the wheat supply chain disruptions. Finally, the effect of the COVID-19 pandemic on the wheat supply chain in the conditions of disruptions caused by the Russia–Ukraine war was investigated.

The purpose of this paper is to investigate the impact of various decision-making approaches and government subsidies on supply chain performance, aiming to enhance the profits of disposal firms and retailers as well as to improve social welfare.

In this paper, a two-echelon biomass supply chain composed of a disposal firm and a retailer is developed. Firstly, considering the effects of government subsidies, we analyze biofuels prices, corporate social responsibility levels, social welfare and supply chain profitability under centralized and decentralized decision-making scenarios, respectively. Furthermore, we assess how subsidies influence pricing, market participation, profitability and social welfare. Secondly, we propose a revenue sharing–cost sharing contract to enhance the profits of the disposal firm and retailer. Thirdly, we extend the supply chain to a disposal firm and two retailers and explore the impact of competition intensity on corporate decision-making behavior. Finally, numerical analysis is conducted by taking one biomass energy firm as an example to support the results.

Our research finds that (1) Equilibrium strategies under the centralized decision-making scenario are greater than those under the decentralized decision-making scenario. Centralized decision-making can increase market demand and consumer surplus. (2) Government subsidies can promote corporate social responsibility levels, despite causing a slight increase in retail price for biofuels. When market competition intensifies, companies usually reduce their investment in CSR, and this trend is particularly pronounced in the absence of subsidies. (3) In both the decentralized and the centralized decision-making scenarios, increasing conversion rates and the CSR coefficient can significantly increase the overall profitability and social welfare.

A three-echelon biomass supply chain involving collection station, disposal firm and retailer can be studied in the future.

By examining the effects of subsidies on CSR engagement and market outcomes, our study contributes valuable insights into policy design for promoting sustainable practices in biomass industries.

This study aims to systematically reveal the complex interaction between uncertainty and the international commodity market (CRB).

A composite uncertainty index and five categorical uncertainty indices, together with wavelet analysis and detrended cross-correlation analysis, were used. First, in the time-frequency domain, the coherency and lead-lag relationship between uncertainty and the commodity markets were investigated. Furthermore, the transmission direction of the cross-correlation over different lag periods and asymmetry in this cross-correlation under different trends were identified.

First, there is significant coherency between uncertainties and CRB mainly in the short and medium terms, with natural disaster and public health uncertainties tending to lead CRB. Second, uncertainty impacts CRB more markedly over shorter lag periods, whereas the impact of CRB on uncertainty gradually increases with longer lag periods. Third, the cross-correlation is asymmetric and multifractal under different trends. Finally, from the perspective of lag periods and trends, the interaction of uncertainty with the Chinese commodity market is significantly different from its interaction with CRB.

First, this study comprehensively constructs a composite uncertainty index based on five types of uncertainty. Second, this study provides a scientific perspective on examining the core and diverse interactions between uncertainty and CRB, as achieved by investigating the interactions of CRB with five categorical and composite uncertainties. Third, this study provides a new research framework to enable multiscale analysis of the complex interaction between uncertainty and the commodity markets.

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.

To assess South Africa’s (SA’s) citrus export competitiveness in the global market and identify its macroeconomic drivers.

The Normalized Revealed Comparative Advantage (NRCA) index is employed to measure export competitiveness. An ARDL-EC model is then estimated to identify the macroeconomic determinants of SA’s citrus export competitiveness.

SA’s citrus export competitiveness declined before the mid-1990s and rose thereafter. On balance, the country improved from the fourth to the second most competitive citrus exporter. A long-run relationship was established between the NRCA scores and the real exchange rate and real GDP per capita growth rate. The export price exerted a positive short-run influence on citrus export competitiveness. The rise in SA’s citrus export competitiveness since the mid-1990s was mainly driven by the rising citrus export price and real exchange rate depreciation.

Future research could explore the determinants of SA’s export competitiveness using panel gravity models of bilateral trade flows to isolate the impact of macroeconomic variables and trade restricting/enhancing policies of importing countries.

The article employs the NRCA index, which can measure comparative advantage across space and over time. It is the first to econometrically estimate the macroeconomic determinants of citrus export competitiveness in SA. Application of the ARDL-EC framework yields both short- and long-run effects of macroeconomic variables on export competitiveness.

Based on the strong feature representation ability of the convolutional neural network (CNN), generous object detection methods in remote sensing (RS) have been proposed one after another. However, due to the large variation in scale and the omission of relevant relationships between objects, there are still great challenges for object detection in RS. Most object detection methods fail to take the difficulties of detecting small and medium-sized objects and global context into account. Moreover, inference time and lightness are also major pain points in the field of RS.

To alleviate the aforementioned problems, this study proposes a novel method for object detection in RS, which is called lightweight object detection with a multi-receptive field and long-range dependency in RS images (MFLD). The multi-receptive field extraction (MRFE) and long-range dependency information extraction (LDIE) modules are put forward.

To concentrate on the variability of objects in RS, MRFE effectively expands the receptive field by a combination of atrous separable convolutions with different dilated rates. Considering the shortcomings of CNN in extracting global information, LDIE is designed to capture the relationships between objects. Extensive experiments over public datasets in RS images demonstrate that our MFLD method surpasses the state-of-the-art methods. Most of all, on the NWPU VHR-10 dataset, our MFLD method achieves 94.6% mean average precision with 4.08 M model volume.

This paper proposed a method called lightweight object detection with multi-receptive field and long-range dependency in RS images.

Online portfolio selection sequentially allocates wealth among a set of assets and aims to maximize the investor’s cumulative return in the long run. Various existing algorithms in the finance and accounting area adopt an indirect approach to exploit one asset characteristic through the channel of assets’ expected return and thus cannot fully leverage the power of various asset characteristics found in the literature. This study aims to propose new algorithms to overcome this issue to enhance investment performance.

We propose a parameterized portfolio selection (PPS) framework, which directly incorporates multiple asset characteristics into portfolio weights. This framework can update parameters timely based on final performance without intermediate steps and produce efficient portfolios. We further append L1 regularization to constrain the number of active asset characteristics. Solving the PPS formulation numerically, we design two online portfolio selection (OLPS) algorithms via gradient descent and alternating direction method of multipliers.

Empirical results on five real market datasets show that the proposed algorithms outperform the state of the arts in cumulative returns, Sharpe ratios, winning ratios, etc. Besides, short-term characteristics are more important than long-term characteristics, and the highest return category is the most important characteristic to improve portfolio performance.

The proposed PPS algorithms are new end-to-end online learning approaches, which directly optimize portfolios by asset characteristics. Such approaches thus differ from existing studies, which first predict returns and then optimize portfolios. This paper provides a new algorithmic framework for investors’ OLPS.

In smart cities striving for innovation, development, and prosperity, hydrogen offers a promising path for decarbonization. However, its effective integration into the evolving energy landscape requires understanding regional intricacies and identifying areas for improvement. This chapter examines hydrogen transport from production to utilization, evaluating technologies’ pros, cons, and process equations and using Analytic Hierarchy Process (AHP) as a Multi-Criteria Decision-Making (MCDM) tool to assess these technologies based on multiple criteria. It also explores barriers and opportunities in hydrogen transport within the 21st-century energy transition, providing insights for overcoming challenges. Evaluation criteria for hydrogen transport technologies were ranked by relative importance, with energy efficiency topping the list, followed by energy density, infrastructure requirements, cost, range, and flexibility. Safety, technological maturity, scalability, and compatibility with existing infrastructure received lower weights. Hydrogen transport technologies were categorized into three performance levels: low, medium, and high. Hydrogen tube trailers ranked lowest, while chemical hydrides, hydrail, liquid organic hydrogen carriers, hydrogen pipelines, and hydrogen blending exhibited moderate performance. Compressed hydrogen gas, liquid hydrogen, ammonia carriers, and hydrogen fueling stations demonstrated the highest performance. The proposed framework is crucial for next-gen smart cities, cutting emissions, boosting growth, and speeding up development with a strong hydrogen infrastructure. This makes the region a sustainable tech leader, improving air quality and well-being. Aligned with Gulf Region goals, it is key for smart cities. Policymakers, industries, and researchers can use these insights to overcome barriers and seize hydrogen transport tech opportunities.

With burgeoning interest in the low-altitude economy, applications of long-endurance unmanned aerial vehicles (LE-UAVs) have increased in remote logistics distribution. Given LE-UAVs’ advantages of wide coverage, strong versatility and low cost, in addition to logistics distribution, they are widely used in military reconnaissance, communication relay, disaster monitoring and other activities. With limited autonomous intelligence, LE-UAVs require regular periodic and non-periodic control from ground control resources (GCRs) during flights and mission execution. However, the lack of GCRs significantly restricts the applications of LE-UAVs in parallel.

We consider the constraints of GCRs, investigating an integrated optimization problem of multi-LE-UAV mission planning and GCR allocation (Multi-U&G IOP). The problem integrates GCR allocation into traditional multi-UAV cooperative mission planning. The coupling decision of mission planning and GCR allocation enlarges the decision space and adds complexities to the problem’s structure. Through characterizing the problem, this study establishes a mixed integer linear programming (MILP) model for the integrated optimization problem. To solve the problem, we develop a three-stage iterative optimization algorithm combining a hybrid genetic algorithm with local search-variable neighborhood decent, heuristic conflict elimination and post-optimization of GCR allocation.

Numerical experimental results show that our developed algorithm can solve the problem efficiently and exceeds the solution performance of the solver CPLEX. For small-scale instances, our algorithm can obtain optimal solutions in less time than CPLEX. For large-scale instances, our algorithm produces better results in one hour than CPLEX does. Implementing our approach allows efficient coordination of multiple UAVs, enabling faster mission completion with a minimal number of GCRs.

Drawing on the interplay between LE-UAVs and GCRs and considering the practical applications of LE-UAVs, we propose the Multi-U&G IOP problem. We formulate this problem as a MILP model aiming to minimize the maximum task completion time (makespan). Furthermore, we present a relaxation model for this problem. To efficiently address the MILP model, we develop a three-stage iterative optimization algorithm. Subsequently, we verify the efficacy of our algorithm through extensive experimentation across various scenarios.