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Article
Publication date: 6 June 2020

Reyhane Hashemi, Reza Kamranrad, Farnoosh Bagheri and Iman Emami

The aim of this paper is to predict and minimize the risks of oil, gas and petrochemical projects. Besides, reducing the likelihood of occurrence and minimizing risks impact on…

283

Abstract

Purpose

The aim of this paper is to predict and minimize the risks of oil, gas and petrochemical projects. Besides, reducing the likelihood of occurrence and minimizing risks impact on the projects to reduce the probable costs and improve the economic situation is another purpose of this paper.

Design/methodology/approach

This paper provides a fuzzy Decision-Making Trial and Evaluation Laboratory (DEMATEL) – a technique that assist to solve decision-making problems – and IP (Impact & Probability) table methods to identify and analyze critical risks in energy projects, and then fuzzy Binary Logistic Regression (BLR) in order to predict the probability of each level of risk for more efficient risk management in projects. Furthermore, in this paper, the fuzzy BLR (FBLR) is optimized such that the probability of a high level of risk for the implementation of the project has been minimized using meta-heuristic algorithm.

Findings

The results from the point of view of experts show that combination of fuzzy DEMATEL with FBLR approach as well as using SA algorithm, in order to optimize the high level of risks, can provide a smart approach to managing risks with more success.

Practical implications

The application of the proposed method is illustrated via a real data set from energy projects.

Originality/value

We propose combined fuzzy DEMATEL and FBLR methods to predict and optimize the risks of the energy projects, which is the innovation of this paper.

Details

International Journal of Managing Projects in Business, vol. 13 no. 5
Type: Research Article
ISSN: 1753-8378

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Article
Publication date: 27 December 2021

Nur Syaedah Kamis and Norazlina Abd. Wahab

This paper aims to explore the level of hibah knowledge among Muslims in Kedah and investigate its determinants, consisting of education level, education stream, religiosity…

920

Abstract

Purpose

This paper aims to explore the level of hibah knowledge among Muslims in Kedah and investigate its determinants, consisting of education level, education stream, religiosity, social influence and social media.

Design/methodology/approach

This study is quantitative in nature. Questionnaires were distributed to collect data from Muslims in Alor Setar, Kedah. In total, 195 questionnaires were collected and data were analyzed using descriptive analysis, correlation analysis and multiple regression analysis.

Findings

The study finds that Muslims in Alor Setar, Kedah have good knowledge of hibah. Further, education stream, religiosity, social influence and social media were identified as significant factors that influence their knowledge of hibah.

Research limitations/implications

The first limitation is its narrow focus in surveying Muslims only in Alor Setar, Kedah. The second limitation is the limited number of determinants used in investigating hibah knowledge among Muslims and the techniques used in analyzing the data. Despite these limitations, the study’s findings provide invaluable insights into the factors influencing hibah knowledge among Muslims in Alor Setar, Kedah.

Practical implications

This study provides insights regarding the significant personal factors and environmental factors to increase Muslims’ knowledge of hibah. The link between the Islamic education stream and hibah knowledge provides a clear indication that Islamic education can curb the economic problems caused by the substantial amounts of frozen and unclaimed assets in Malaysia. A significant relationship between the environmental factors (social influence and social media) and hibah knowledge also implies that the government and private agencies related to Islamic estate planning and management may use these significant determinants as part of the marketing strategy to increase the usage of hibah as an alternative tool for estate planning.

Originality/value

This study contributes to a better understanding of Muslims’ knowledge about hibah. The government and related agencies in Islamic estate planning and management can now gain better insights into Muslims’ level of knowledge about hibah and the factors influencing their knowledge of hibah as an effective tool for Islamic estate planning and management. Hence, more effective strategies can be recommended to enhance the knowledge of Muslims on hibah. The findings of this study should be of value to the government in its effort to address the increasing number of frozen estates in Malaysia.

Details

Journal of Islamic Accounting and Business Research, vol. 13 no. 3
Type: Research Article
ISSN: 1759-0817

Keywords

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Article
Publication date: 18 July 2024

Iman Cheratian and Saleh Goltabar

This paper aims to investigate the stationary properties of entrepreneurship capital in the Iranian business sector. The investigation is conducted based on firm size (micro…

28

Abstract

Purpose

This paper aims to investigate the stationary properties of entrepreneurship capital in the Iranian business sector. The investigation is conducted based on firm size (micro, small and medium, and large), sector (ISIC classification), and location (23 provinces) over the period 1981–2021.

Design/methodology/approach

To achieve the purpose of the paper, we apply the Lagrange Multiplier (LM) unit root test with structural breaks.

Findings

The results of our study confirm the stationarity of entrepreneurship for the majority of our categorizations. Therefore, entrepreneurs' willingness to start a business is temporarily affected by sharp shocks, suggesting that the entrepreneurship trends in these categories will eventually revert to their long-run equilibrium. However, the time series of entrepreneurship in provinces such as Zanjan and Lorestan, as well as in the electrical machines and devices (code 31) sector, remain permanent. These findings can assist policymakers in each sector and location in designing effective policies to promote entrepreneurial activities.

Research limitations/implications

In this study, the time period utilized was restricted, and there were no data accessible for an extended duration. Another limitation of this research is the absence of access to firm-level data on a shorter time scale, such as weekly or monthly.

Originality/value

The economic literature reveals that empirical studies on the persistence of entrepreneurship have received relatively less attention in the context of emerging and resource-based economies, compared to the increasing focus on them in developed countries. Therefore, to address this gap, this paper aims to extend the current empirical literature by presenting new evidence for the case of Iran, which has an emerging and resource-based economy.

Details

Journal of Entrepreneurship and Public Policy, vol. 13 no. 4
Type: Research Article
ISSN: 2045-2101

Keywords

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