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Article
Publication date: 6 March 2007

Hongtao Guo, Guojun Wu and Zhijie Xiao

The purpose of this article is to estimate value at risk (VaR) using quantile regression and provide a risk analysis for defaultable bond portfolios.

2016

Abstract

Purpose

The purpose of this article is to estimate value at risk (VaR) using quantile regression and provide a risk analysis for defaultable bond portfolios.

Design/methodology/approach

The method proposed is based on quantile regression pioneered by Koenker and Bassett. The quantile regression approach allows for a general treatment on the error distribution and is robust to distributions with heavy tails.

Findings

This article provides a risk analysis for defaultable bond portfolios using quantile regression method. In the proposed model we use information variables such as short‐term interest rates and term spreads as covariates to improve the estimation accuracy. The study also finds that confidence intervals constructed around the estimated VaRs can be very wide under volatile market conditions, making the estimated VaRs less reliable when their accurate measurement is most needed.

Originality/value

Provides a risk analysis for defaultable bond using quantile regression approach.

Details

The Journal of Risk Finance, vol. 8 no. 2
Type: Research Article
ISSN: 1526-5943

Keywords

Available. Open Access. Open Access
Article
Publication date: 30 June 2009

Guojun Ji

This paper introduces a new mathematical model for analyzing the economic benefits of incorporating the fourth party logistics (4PL), which is a contractor (i.e. agent) for the…

240

Abstract

This paper introduces a new mathematical model for analyzing the economic benefits of incorporating the fourth party logistics (4PL), which is a contractor (i.e. agent) for the supply chain coordination and construction based on the division of community and the outsourcing development. Based on the physical theory and the wave-particle duality, a supply chain is the special organization whose characteristic has wave-particle duality. The mathematical model enriches the connotation of 4PL and it broadens the thought for 4PL development. Secondly, the proposed mathematical model predicated on transaction costs, is supported by Transaction Cost Theory (TCT) and acts as the theoretical analysis tool of 4PL for coordinating 3-party generic supply chain. Through the model, some trendy conclusions can be drawn to provide theoretical support for 4PL’s practices. Finally, a case illustrates our conclusions.

Details

Journal of International Logistics and Trade, vol. 7 no. 1
Type: Research Article
ISSN: 1738-2122

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Article
Publication date: 4 November 2024

Tianzuo Wei, Guojun Zhang, YuDing Wu and Wenshu Dai

This paper aims to solve the problems of baseline drift, susceptibility to abnormal data interference during baseline drift processing, and phase inconsistency in underwater…

44

Abstract

Purpose

This paper aims to solve the problems of baseline drift, susceptibility to abnormal data interference during baseline drift processing, and phase inconsistency in underwater acoustic target detection and signal processing of single microelectromechanical systems (MEMS) vector hydrophone. To this end, this paper proposes a baseline drift removal algorithm based on Huber regression model with B-spline interpolation (H-BS) and a phase compensation algorithm based on the Hilbert transform.

Design/methodology/approach

First, the Huber regression model is innovatively introduced into the conventional B-spline interpolation (B-spline) to solve the control point vectors more accurately and to improve the anti-interference ability of the abnormal data when the B-spline interpolation fitting removes baseline drift and the baseline drift components in the signals are fitted accurately and removed by the above method. Next, the Hilbert transform is applied to the three-channel output signals of the MEMS vector hydrophone to calculate the instantaneous phase and the phase compensation is performed on the vector X/Y signals with the scalar P signal as the reference.

Findings

Through simulation experiments, it is found that H-BS proposed in this paper has smaller processing error and better robustness than variational modal decomposition and B-spline, but the H-BS algorithm takes slightly longer than the B-spline. In the actual lake test experiments, the H-BS algorithm can effectively remove the baseline drift component in the original signal and restore the signal waveform, and after the Hilbert transform phase compensation, the direction of arrival estimation accuracy of the signal is improved by 1°∼2°, which realizes high-precision orientation to the acoustic source target.

Originality/value

In this paper, the Huber regression model is introduced into B-spline interpolation fitting for the first time and applied in the specialized field of hydroacoustic signal baseline drift removal. Meanwhile, the Hilbert transform is applied to phase compensation of hydroacoustic signals. After simulation and practical experiments, these two methods are verified to be effective in processing hydroacoustic signals and perform better than similar methods. This study provides a new research direction for the signal processing of MEMS vector hydrophone, which has important practical engineering application value.

Details

Sensor Review, vol. 45 no. 1
Type: Research Article
ISSN: 0260-2288

Keywords

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Article
Publication date: 30 April 2024

Xiangkai Zhang, Renxin Wang, Wenping Cao, Guochang Liu, Haoyu Tan, Haoxuan Li, Jiaxing Wu, Guojun Zhang and Wendong Zhang

Human-induced marine environmental noise, such as commercial shipping and seismic exploration, is concentrated in the low-frequency range. Meanwhile, low-frequency sound signals…

207

Abstract

Purpose

Human-induced marine environmental noise, such as commercial shipping and seismic exploration, is concentrated in the low-frequency range. Meanwhile, low-frequency sound signals can achieve long-distance propagation in water. To meet the requirements of long-distance underwater detection and communication, this paper aims to propose an micro-electro-mechanical system (MEMS) flexible conformal hydrophone for low-frequency underwater acoustic signals. The substrate of the proposed hydrophone is polyimide, with silicon as the piezoresistive unit.

Design/methodology/approach

This paper proposes a MEMS heterojunction integration process for preparing flexible conformal hydrophones. In addition, sensors prepared based on this process are non-contact flexible sensors that can detect weak signals or small deformations.

Findings

The experimental results indicate that making devices with this process cannot only achieve heterogeneous integration of silicon film, metal wire and polyimide, but also allow for customized positions of the silicon film as needed. The success rate of silicon film transfer printing is over 95%. When a stress of 1 Pa is applied on the x-axis or y-axis, the maximum stress on Si as a pie-zoresistive material is above, and the average stress on the Si film is around.

Originality/value

The flexible conformal vector hydrophone prepared by heterogeneous integration technology provides ideas for underwater acoustic communication and signal acquisition of biomimetic flexible robotic fish.

Details

Sensor Review, vol. 44 no. 3
Type: Research Article
ISSN: 0260-2288

Keywords

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Article
Publication date: 23 October 2024

Wenqing Zhang, Guojun Zhang, Zican Chang, Yabo Zhang, YuDing Wu, YuHui Zhang, JiangJiang Wang, YuHao Huang, RuiMing Zhang and Wendong Zhang

This paper aims to address the challenges in hydroacoustic signal detection, signal distortion and target localization caused by baseline drift. The authors propose a combined…

42

Abstract

Purpose

This paper aims to address the challenges in hydroacoustic signal detection, signal distortion and target localization caused by baseline drift. The authors propose a combined algorithm that integrates short-time Fourier transform (STFT) detection, smoothness priors approach (SPA), attitude calibration and direction of arrival (DOA) estimation for micro-electro-mechanical system vector hydrophones.

Design/methodology/approach

Initially, STFT method screens target signals with baseline drift in low signal-to-noise ratio environments, facilitating easier subsequent processing. Next, SPA is applied to the screened target signal, effectively removing the baseline drift, and combined with filtering to improve the signal-to-noise ratio. Then, vector channel amplitudes are corrected using attitude correction with 2D compass data. Finally, the absolute target azimuth is estimated using the minimum variance distortion-free response beamformer.

Findings

Simulation and experimental results demonstrate that the SPA outperforms high-pass filtering in removing baseline drift and is comparable to the effectiveness of variational mode decomposition, with significantly shorter processing times, making it more suitable for real-time applications. The detection performance of the STFT method is superior to instantaneous correlation detection and sample entropy methods. The final DOA estimation achieves an accuracy within 2°, enabling precise target azimuth estimation.

Originality/value

To the best of the authors’ knowledge, this study is the first to apply SPA to baseline drift removal in hydroacoustic signals, significantly enhancing the efficiency and accuracy of signal processing. It demonstrates the method’s outstanding performance in the field of underwater signal processing. In addition, it confirms the reliability and feasibility of STFT for signal detection in the presence of baseline drift.

Details

Sensor Review, vol. 44 no. 6
Type: Research Article
ISSN: 0260-2288

Keywords

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Article
Publication date: 20 December 2024

Jiaxing Wu, Wang Renxin, Xiangkai Zhang, Haoxuan Li, Guochang Liu, Xuejing Dong, Wendong Zhang and Guojun Zhang

This study aims to design a small-size conformable flexible micro-electro-mechanical system (MEMS) vector hydrophone to meet the miniaturization requirements of unmanned…

22

Abstract

Purpose

This study aims to design a small-size conformable flexible micro-electro-mechanical system (MEMS) vector hydrophone to meet the miniaturization requirements of unmanned underwater vehicle.

Design/methodology/approach

The cilia receive the acoustic signal to oscillate to cause changes in the stress on the beam, which in turn causes changes in the piezoresistive resistance on the beam, and changes in the resistance cause changes in the output voltage.

Findings

The results show that the flexible hydrophone in the paper has a sensitivity of −182 dB@1 kHz (re 1V/µPa) at 1 Pa sound pressure, can detect low-frequency hydroacoustic signals from 20 to 550 Hz and has good spatial directivity, and the flexible substrate permits the hydrophone to realize bending deformation, which can be well attached to the surface of the object.

Originality/value

In this study, a finite element simulation model of the hydrophone microstructure is constructed and its performance is verified by simulation. The success rate of the proposed MEMS transfer process is as high as 94%, and the prepared piezoresistors exhibit excellent resistance characteristics and high consistency. These results provide innovative ideas to enhance the performance and stability and achieve miniaturization of hydrophones.

Details

Sensor Review, vol. 45 no. 2
Type: Research Article
ISSN: 0260-2288

Keywords

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Article
Publication date: 19 July 2024

Zican Chang, Guojun Zhang, Wenqing Zhang, Yabo Zhang, Li Jia, Zhengyu Bai and Wendong Zhang

Ciliated microelectromechanical system (MEMS) vector hydrophones pick up sound signals through Wheatstone bridge in cross beam-ciliated microstructures to achieve information…

95

Abstract

Purpose

Ciliated microelectromechanical system (MEMS) vector hydrophones pick up sound signals through Wheatstone bridge in cross beam-ciliated microstructures to achieve information transmission. This paper aims to overcome the complexity and variability of the marine environment and achieve accurate location of targets. In this paper, a new method for ocean noise denoising based on improved complete ensemble empirical mode decomposition with adaptive noise combined with wavelet threshold processing method (CEEMDAN-WT) is proposed.

Design/methodology/approach

Based on the CEEMDAN-WT method, the signal is decomposed into different intrinsic mode functions (IMFs), and relevant parameters are selected to obtain IMF denoised signals through WT method for the noisy mode components with low sample entropy. The final pure signal is obtained by reconstructing the unprocessed mode components and the denoising component, effectively separating the signal from the wave interference.

Findings

The three methods of empirical mode decomposition (EMD), ensemble empirical mode decomposition (EEMD) and CEEMDAN are compared and analyzed by simulation. The simulation results show that the CEEMDAN method has higher signal-to-noise ratio and smaller reconstruction error than EMD and EEMD. The feasibility and practicability of the combined denoising method are verified by indoor and outdoor experiments, and the underwater acoustic experiment data after processing are combined beams. The problem of blurry left and right sides is solved, and the high precision orientation of the target is realized.

Originality/value

This algorithm provides a theoretical basis for MEMS hydrophones to achieve accurate target positioning in the ocean, and can be applied to the hardware design of sonobuoys, which is widely used in various underwater acoustic work.

Details

Sensor Review, vol. 44 no. 5
Type: Research Article
ISSN: 0260-2288

Keywords

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Article
Publication date: 4 July 2018

Yulu Shi, Wei Bai, Junming Guo, Libin Gao, Yijian Chen, You Wu and Linqiao Liang

This paper aims to evaluate the efficiency and mechanism of three kinds of expired nitroimidazole antibiotics as corrosion inhibitor for mild steel in 1M HCl.

137

Abstract

Purpose

This paper aims to evaluate the efficiency and mechanism of three kinds of expired nitroimidazole antibiotics as corrosion inhibitor for mild steel in 1M HCl.

Design/methodology/approach

Evaluation was carried out by weight loss and electrochemical techniques. The surface morphology and the composition of the elements of adsorption layer are studied by scanning electron microscopy and energy dispersive spectrometer.

Findings

The experimental results reveal that the maximum value of inhibition efficiency appear at an extreme point of concentration with the increase of concentration of the inhibitors. Ornidazole has better corrosion inhibition than metronidazole but not as tinidazole. The inhibitors all act as cathodic type corrosion inhibitor. The adsorption of ornidazole, metronidazole and tinidazole on mild steel obeys Langmuir adsorption isotherm and belongs to chemisorption of electron donating. Combined with the molecular structure of the corrosion inhibitor and the experimental structure, the authors propose a detailed mechanism analysis.

Originality/value

The expired nitroimidazole antibiotics as corrosion inhibitor for mild steel in hydrochloric acid solution is first studied. It provides a way to deal with expired drugs, thereby reducing environmental pollution. The study explored the inhibition mechanism affecting by comparison different structure of three kinds of expired nitroimidazole antibiotics molecular, providing theoretical support for the preparation of the new inhibitor.

Details

Anti-Corrosion Methods and Materials, vol. 65 no. 4
Type: Research Article
ISSN: 0003-5599

Keywords

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Book part
Publication date: 23 September 2019

Yi-Ming Wei, Qiao-Mei Liang, Gang Wu and Hua Liao

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

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Article
Publication date: 5 March 2024

Zhongfeng Sun, Guojun Ji and Kim Hua Tan

This paper aims to study the joint decision making of advance selling and service cancelation for service provides with limited capacity when consumers are overconfident.

57

Abstract

Purpose

This paper aims to study the joint decision making of advance selling and service cancelation for service provides with limited capacity when consumers are overconfident.

Design/methodology/approach

For the case in which consumers encounter uncertainties about product valuation and consumption states in the advance period and are overconfident about the probability of a good state, we study how the service provider chooses the optimal sales strategy among the non-advance selling strategy, the advance selling and disallowing cancelation strategy, and the advance selling and allowing cancelation strategy. We also discuss how overconfidence influences the service provider’s decision making.

Findings

The results show that when service capacity is sufficient, the service provider should adopt advance selling and disallow cancelation; when service capacity is insufficient, the service provider should still implement advance selling but allow cancelation; and when service capacity is extremely insufficient, the service provider should offer spot sales. Moreover, overconfidence weakens the necessity to allow cancelation under sufficient service capacity and enhances it under insufficient service capacity but is always advantageous to advance selling.

Practical implications

The obtained results provide managerial insights for service providers to make advance selling decisions.

Originality/value

This paper is among the first to explore the effect of consumers’ overconfidence on the joint decision of advance selling and service cancelation under capacity constraints.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

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