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Article
Publication date: 26 January 2021

Shiou-Yun Jeng, Chun-Wei Lin, Ming-Lang Tseng, Korbkul Jantarakolica and Raymond Tan

This study develops an integrated zero waste discharge planning approach for improving resource efficiency in a pulp-and-paper manufacturing firm.

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Abstract

Purpose

This study develops an integrated zero waste discharge planning approach for improving resource efficiency in a pulp-and-paper manufacturing firm.

Design/methodology/approach

The objectives of this study are to (1) identify the environmental, technical and social metrics in resource efficiency; (2) utilize fuzzy multi-objective programming and the hybrid particle swarm optimization algorithm to solve the fuzzy problem; and (3) develop an assessment for resource efficiency improvement in an industrial case study.

Findings

The findings demonstrate the superiority of hybrid particle swarm optimization algorithm in generating optimal results for a pulp-and-paper manufacturing firm.

Practical implications

The findings demonstrate the superiority of hybrid particle swarm optimization algorithm in generating optimal results for a pulp-and-paper manufacturing firm.

Originality/value

Resource efficiency is a multi-objective problem in an uncertain environment. In particular, zero waste discharge planning involves minimizing the total cost and maximizing the waste material recovery rate, wastewater reuse, and waste heat recovery.

Details

Management of Environmental Quality: An International Journal, vol. 32 no. 3
Type: Research Article
ISSN: 1477-7835

Keywords

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Book part
Publication date: 4 October 2018

Tatre Jantarakolica and Korbkul Jantarakolica

For the past decades, issues concerning the impact of economic integration on financial integration, especially exchange rate integration, has been criticized among several…

Abstract

For the past decades, issues concerning the impact of economic integration on financial integration, especially exchange rate integration, has been criticized among several regions such as ASEAN. This chapter intends to: (i) test for the exchange rate integration among the ASEAN-5, including Indonesia, Philippines, Malaysia, Singapore, and Thailand, using panel data techniques; and (ii) determine the impact of economic integration on the level of exchange rate integration among the ASEAN-5 countries. The purchasing power parity (PPP) is tested using panel unit root tests on monthly data. The results confirm the PPP among the ASEAN-5 countries due to lower transaction costs from ASEAN agreements. The chapter applies Multivariate GARCH (M-GARCH) models using daily data to determine the level of exchange rate integration among the ASEAN-3, including Malaysia, Singapore, and Thailand. The results of panel cointegration tests using quarterly data of economic integration and exchange rate integration confirm the impact of international trade openness on exchange rate integration. With free trade agreements leading to lower trade barriers, lower transaction costs, and low transportation costs, the economic integration among ASEAN countries practically leads to a higher degree of exchange rate integration. The findings imply that trade liberalization has the strongest effect on the real exchange rate. As such, regulators of ASEAN countries should pay more attention to the exchange rate policies of each other because of the interdependence of their exchange rates.

Details

Banking and Finance Issues in Emerging Markets
Type: Book
ISBN: 978-1-78756-453-4

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Book part
Publication date: 4 October 2018

William A. Barnett and Bruno S. Sergi

Abstract

Details

Banking and Finance Issues in Emerging Markets
Type: Book
ISBN: 978-1-78756-453-4

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Book part
Publication date: 4 October 2018

Korbkul Jantarakolica and Tatre Jantarakolica

The rapid change of technology has significantly affected the financial markets in Thailand. In order to enhance the market efficiency and liquidity, the Stock Exchange of…

Abstract

The rapid change of technology has significantly affected the financial markets in Thailand. In order to enhance the market efficiency and liquidity, the Stock Exchange of Thailand (SET) has granted Thai stock brokers permission to develop and offer their customers algorithm and automatic stock trading. However, algorithm trading on SET was not widely adopted. This chapter intends to design and empirically estimate a model in explaining Thai investors’ acceptance of algorithm trading. The theoretical framework is based on the theory of reasoned action and technology acceptance model (TAM). A sample of 400 investors who have used online stock trading and 300 investors who have used algorithm stock trading were observed and analyzed using structural equations model (SEM) and generalized linear regression model (GLM) with a Logit specification. The results confirm that attitudes, subjective norm, perceived risks, and trust toward algorithm stock trading are factors determining investors’ behavior and acceptance of using algorithm stock trading. Investor’s perception and trust on algorithm stock trading as a trading strategy is a major factor in determining their perceived behavior and control, which affect their decision on whether to invest using algorithm trading. Accordingly, it can be concluded that Thai investors is willing to accept algorithm trading as a new financial technology, but still has concern about the reliability and profitable of this new stock trading strategy. Therefore, algorithm trading can be promoted by building investors’ trust on algorithm trading as a reliable and profitable trading strategy.

Details

Banking and Finance Issues in Emerging Markets
Type: Book
ISBN: 978-1-78756-453-4

Keywords

Available. Content available
Book part
Publication date: 4 October 2018

Abstract

Details

Banking and Finance Issues in Emerging Markets
Type: Book
ISBN: 978-1-78756-453-4

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