Search results

Accurate prediction of port cargo throughput within Free Trade Zones (FTZs) can optimize resource allocation, reduce environmental pollution, enhance economic benefits and promote sustainable transportation development.

This paper introduces a novel self-adaptive grey multivariate prediction modeling framework (FARDCGM(1,N)) to forecast port cargo throughput in China, addressing the challenges posed by mutations and time lag characteristics of time series data. The model explores policy-driven mechanisms and autoregressive time lag terms, incorporating policy dummy variables to capture deviations in system development trends. The inclusion of autoregressive time lag terms enhances the model’s ability to describe the evolving system complexity. Additionally, the fractional-order accumulative generation operation effectively captures data features, while the Grey Wolf Optimization algorithm determines optimal nonlinear parameters, enhancing the model’s robustness.

Verification using port cargo throughput forecasts for FTZs in Shanghai, Guangdong and Zhejiang provinces demonstrates the FARDCGM(1,N) model’s remarkable accuracy and stability. This innovative model proves to be an excellent forecasting tool for systematically analyzing port cargo throughput under external interventions and time lag effects.

A novel self-adaptive grey multivariate modeling framework, FARDCGM(1,N), is introduced for accurately predicting port cargo throughput, considering policy-driven impacts and autoregressive time-lag effects. The model incorporates the GWO algorithm for optimal parameter selection, enhancing adaptability to sudden changes. It explores the dual role of policy variables in influencing system trends and the impact of time lag on dynamic response rates, improving the model’s complexity handling.

This paper explains why some firms manage to capture disproportionate value from their network of relationships, leading to superior performance. The paper examines how a firm's dependencies affect its value appropriation potential (VAP) in economic networks.

The paper follows the axiomatic method and the embeddedness perspective of firms to develop an index called nodal power, which captures the power that accrues to a firm in exchange-based economic networks. Thereafter, using the formal method and simulation, it shows nodal power reflects a firm's VAP in economic networks.

The study analysis and findings prove that a firm's dyadic level exchange relations and the embedded network structure determine its VAP by affecting the nodal power. A firm with lesser nodal power is likely to appropriate less value from its relations even if it equally contributes to the value creation. This finding explains how the structural and relational characteristics of a firm's network enable disproportionate value appropriation.

Nodal power furthers the scope of analyzing firms' economic relationships and changing power equations in dynamic networks. It can help firms build optimal strategic networks and manage the portfolio of relationships by predicting the impact of changing relations on firms' VAP.

The paper's original contribution is to explain, through formal analysis, why and how the structure and nature of relations of firms affect their VAP. The paper also formalizes the power-dependence principle through a dependency-based index called nodal power and uses it to show how interfirm dependencies are key to value appropriation.

This study aims to investigate the effects and implications of overconfidence in a competitive game involving multiple newsvendors. This study explores how overconfidence influences system coordination, optimal stocking strategies and competition among newsvendors in the context of the well-known newsvendor stocking problem.

The study applies robust optimization theory and the absolute regret minimization criterion to analyze the competitive game of overconfident newsvendors. This study considers the asymmetric information held by newsvendors regarding market demand and obtains a closed-form solution for the competing game. The effects of overconfidence on system coordination and optimal stocking strategies are examined.

The results of the study indicate that overconfidence can act as a positive force in reducing the effects of overstocking caused by competition and asymmetric information among newsvendors. The analysis reveals that there exists an optimal level of overconfidence that coordinates the ordering system of multiple overconfident newsvendors, leading to first-best outcomes under certain conditions. Additionally, numerical examples confirm the obtained results. Furthermore, considering newsvendors' expected profit, the study finds that a higher degree of overconfidence does not necessarily result in lower actual expected profit.

Despite the significant contributions of this study to theoretical and managerial insights, this study does have certain limitations. First, in the establishment of the belief demand function, the substitution ratio, which quantifies the transfer, is assumed to be an exogenous variable. However, in reality, this is often influenced by factors such as the price of goods and the distance between stores. Therefore, one direction worth studying in the future is to explore the uncertainty associated with the demand substitution ratio and integrate that as an endogenous variable into the optimization model. Second, this study does not address the type of product and solely focuses on quantitatively analyzing the effect of salvage value on the optimal stocking strategy. Future studies can explore the effect of degree of perishability and selling period of the product on the stocking. Third, the focus of uncertainty in this study revolves around market demand, and the implications of this uncertainty are significant. A recent study (Rahbari et al., 2023) addressed an innovative robust optimization problem related to canned foods during pandemic crises. The recent study's findings highlighted the effectiveness of expanding canned food exports to neighboring countries with economic justification as the best strategy for companies amidst the disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic. Incorporating the issue of disruptions into the authors' research would be interesting and challenging.

From a managerial perspective, the authors' study provides a research paradigm for game-theoretic inventory problems in scenarios where the market demand distribution is unknown. While most inventory problems are analyzed and solved based on expectation-based optimization criteria, which rely on an accurate distribution of market demand, obtaining this information in practice can often be challenging or expensive for decision-makers. Consequently, a discrepancy arises between real-world observations and theoretical identifications. This study aimed to complement previous research and address the inconsistency between observations and theoretical identification.

The authors' research contributes to the existing understanding of overconfidence and assists individuals in making appropriate stocking strategies based on the individuals' level of overconfidence. Diverging significantly from the traditional view of overconfidence as a negative bias, the authors' results show the view's potential positive impact within a competitive environment, resulting in greater actual expected profits for newsvendors.

This study contributes to the existing literature by examining the effects of overconfidence in a competitive game of newsvendors. This study extends the analysis of the well-known newsvendor stocking problem by incorporating overconfidence and considering the implications for system coordination and competition. The application of robust optimization theory and the absolute regret minimization criterion provides a novel approach to studying overconfidence in this context.

This study aims to design a novel 3 degree-of-freedom parallel-driven hydraulic wrist (PHW) joint, characterized by a compact structure, heavy payload capacity and spherical workspace.

In this paper, the kinematics and dynamics mathematical model of PHW is analyzed based on the closed-loop vector method, screw theory and virtual work principle. And the key parameters of PHW are determined based on the singularity analysis. The integrated design method of hydraulic and mechanical systems is used, thereby enabling a hose-less configuration that fosters a low-leakage hydraulic system structure with reduced self-weight. Additionally, this research proposed a dynamic nonlinear compensation control methodology predicated on a payload model to enhance the stability and precision of trajectory tracking for PHW. Finally, several experiments have been conducted to evaluate and validate the performance of the proposed approach and the payload capacity of PHW.

Experiment results show that PHW has a payload-to-self-weight ratio of 4(payload 14 kg with self-weight 3.5 kg) under supply pressure 7 MPa. The experimental assessment of payload capacity substantiates the efficacy of the dynamic nonlinear compensation control method for PHW. Remarkably, the trajectory tracking errors for PHW remain under 0.03 rad, even when subjected to payloads of 10.5 and 14 kg.

This study presents an effective parallel hydraulic-driven wrist structure. This parallel structure provides a spherical workspace with flexible motion, and larger payload capacity compared with the existing robot wrist.

The purpose of this study is to (1) improve the spectral features of the second-order uniformly non-oscillatory (UNO) slope limiters, and (2) numerical simulation of the unified-form of generalized fully-coupled saturated thermo-poro-elastic systems in the axisymmetric cylindrical coordinate via cell-adaptive Kurganov-Tadmor (KT) central high-resolution scheme using the UNO limiters.

(1) The spectral features of the UNO limiter are improved by compression-adaptive MINMOD (MM) limiters, achieved by blending different types of MM limiters to achieve less numerical dissipation and dispersion. These blended MM limiters preserve the total variation diminishing (TVD) feature over non-uniform non-centered cells. Also, the spectral features of the central schemes using the UNO limiters are investigated. (2) For the thermo-poro-elastic problem, corresponding first-order hyperbolic system is provided, including flux, source, diffusion and nonlinear terms. Where, there are different interacting components in the source and flux terms. The nonlinear terms are also considered by the Picard-like linearization concept.

Compression-adaptive UNO limiters would be stable over adapted cells with centered and non-centered cells. The benchmarks confirm that both spectral features and numerical accuracy are improved. For the generalized thermo-poro-elastic problem, corresponding responses including the shock waves can properly be captured.

Studying heat effects (e.g. hot fluid or freezing) and explosions on tunnels. Also, the UNO limiters could be used for simulations of various systems of conservation laws.

The purpose of this study is to propose a customer-oriented method for locating charging stations based on queue theory.

We first integrate queuing theory with customer satisfaction to analyze the composition of charging stations. Next, we examine both functional and spatial coordination among these stations. Finally, we develop an enhanced genetic algorithm incorporating flying levy and self-adaptive mechanisms.

Our findings indicate that the customer-oriented approach significantly boosts customer satisfaction. Additionally, improved coordination enhances the feasibility of the charging stations and analyzing the investment payback period contributes to increased profitability.

This research uniquely applies queue theory to the selection of charging stations, explores the dynamics of coordination and investigates the payback period of investments.

This study aims to examine the plane wave reflection problem in micropolar orthotropic magneto-thermoelastic half space, considering the influence of impedance as a boundary in a nonlocal elasticity.

This study presents the novel formulation of governing partial differential equations for micropolar orthotropic medium with impact of nonlocal thermo-elasticity under magnetic field.

This study provides the numerical results validation for a particular numerical data and expression for the amplitude ratios of reflected waves and identifies the existence of four different waves, namely, quasi longitudinal displacement qCLD-wave, quasi thermal wave qCT-wave, quasi transverse displacement qCTD-wave and quasi-transverse micro-rotational qCTM-wave. The study derives the velocity equation giving the speed and phase velocity of these waves. The study also shows that the small-scale size effect gives significant impact on phase velocity.

The graphical analysis examines the variation of speeds and coefficients of attenuation of these waves due to frequency, magnetic field and nonlocal parameters. Also, significant conclusions on the variation of reflection coefficient against nonlocal parameter, frequency, impedance parameter and angle of incidence are provided graphically.

The creation of more effective micropolar orthotropic anisotropic materials which are very useful in the daily life and their applications in earth science are greatly impacted by the findings of this study.

The authors of the submitted document initiated and produced it collectively, with equal contributions from all members.

This study investigates the behavior of viscous hybrid ferromagnetic fluids flowing through plain elastic sheets with the magnetic polarization effect. It examines flow in a porous medium using Stefan blowing and utilizes a versatile hybrid ferrofluid containing MnZnFe₂O₄ and Fe₃O₄ nanoparticles in the C2H2F4 base fluid, offering potential real-world applications. The study focuses on steady, laminar and viscous incompressible flow, analyzing heat and mass transfer aspects, including thermal radiation, Brownian motion, thermophoresis and viscous dissipation with convective boundary condition.

The governing expression of the flow model is addressed with pertinent non-dimensional transformations, and the finite element method solves the obtained system of ordinary differential equations.

The variations in fluid velocity, temperature and concentration profiles against all the physical parameters are analyzed through their graphical view. The association of these parameters with local surface friction coefficient, Nusselt number and Sherwood number is examined with the numerical data in a table.

This work extends previous research on ferrofluid flow, investigating unexplored parameters and offering valuable insights with potential engineering, industrial and medical implications. It introduces a novel approach that uses mathematical simplification techniques and the finite element method for the solution.

This study aims to examine how environmental, social and governance (ESG) initiatives and ISO 14001, which is an internationally agreed standard to set out the requirements for an environmental management system, affect firm performance in the context of the Industry 4.0 supply chain.

The authors develop a new chance-constrained network data envelopment analysis (DEA) in the presence of non-positive data to estimate innovation, operational and profitability performances for three main relation groups (suppliers, partners and customers) in Microsoft's supply chain.

Results of this study show the following: (1) the application of ISO 14001 will reduce profitability but increase overall performance (OP); (2) ESG implementation has a convex U-shaped influence on profitability and OP, which means that firms will benefit when ESG investment goes beyond a particular level; (3) the nonlinear U-shape is presented in the E and G components, but not in the S of the individual ESG initiatives, and (4) only specific subcomponents of S and G in the subcomponent of individual ESG initiatives are nonlinearly connected to OP. Research's results reveal that the customer group has a higher performance value than the other two groups, which suggests that this group will create competitive advantages for Microsoft.

Overall, the authors provide an insightful viewpoint into supply chain management by examining the ESG initiatives, ISO 14001 and performances of Microsoft's supply chain.

This study aims to optimize the construction site layout planning (CSLP) problem, with a focus on prefabricated projects. It proposes the use of the oMOAHA algorithm, an enhanced version of the multi-objective artificial hummingbird algorithm (MOAHA), to address challenges related to search space exploration and local optimization in CSLP.

The study integrates three techniques – opposition-based learning (OBL), quasi-opposition and quasi-reflection – into the initialization phase of the MOAHA algorithm, creating the oMOAHA variant. This model is applied to all three types of CSLP problems – pre-determined location, grid system and continuous space – to evaluate its effectiveness. Six objective functions (three related to cost, two to safety and one to tower crane efficiency) and four site-related constraints are considered through three case studies taken from previous research and one real project involving prefabricated steel structures.

The oMOAHA algorithm demonstrates superior performance compared to previous models, consistently outperforming traditional approaches in CSLP optimization for prefabricated projects. In the real case study, the proposed model exceeded the actual project plan by 28–43%, indicating its potential to significantly improve both solution quality and project outcomes.

This study is the first to apply an optimization model to all three types of CSLP problems – pre-determined location, grid system and continuous space – within a unified framework. The integration of advanced techniques into the MOAHA algorithm and the model’s successful application in a real prefabricated project underscore its high applicability and effectiveness in modern construction management.