Liuyong Wang, Qi Wu, Ziming Song, Yue Li, Xuewen Li, Bing Tu and Yulong Li
This study aims to investigate the wetting behavior of AgCuTi and AgCu filler metals on selective laser melting (SLMed) Ti/TiB2, and to analyze the microstructure and fracture…
Abstract
Purpose
This study aims to investigate the wetting behavior of AgCuTi and AgCu filler metals on selective laser melting (SLMed) Ti/TiB2, and to analyze the microstructure and fracture characteristics of SLMed Ti/TiB2/AgCuTi or AgCu alloy/SLMed Ti/TiB2 brazed joints. The wetting behavior of AgCuTi and AgCu filler metals on the selective laser melted (SLMed) Ti/TiB2 has been studied. The analysis of microstructures and fracture characteristics in vacuum-brazed SLMed Ti/TiB2 substrate, using AgCuTi and AgCu filler metals, has been conducted to elucidate the influence of brazing temperature and alloy composition on the shear strength of the brazed joints.
Design/methodology/approach
Brazing SLMed-Ti/TiB2 in a vacuum using AgCuTi and AgCu filler metals, this study aims to explore the optimal parameters for brazed joints at various brazing temperatures (800°C−950°C).
Findings
The findings suggest that elevated brazing temperatures lead to a more extensive diffusion region in the joint as a result of the partial melting of the filler metal. The joint composition changes from distinct Ti2Cu layer/TiCu layer/filler metal to a-Ti (ss) + ß-Ti (ss)/TiCu. As the brazing temperature increases, the fracture mode shifts from brittle cleavage to ductile fracture, mainly attributed to a decrease in the CuTi within the brazed joint. This change in fracture behavior indicates an improvement in the ductility and toughness of the joint.
Originality/value
The originality of this study lies in the comprehensive analysis of the microstructure and shear strength of vacuum brazing SLMed Ti/TiB2 using AgCuTi and AgCu filler metals.
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Keywords
Sheng Liu, Xiao Lin and Xiuying Chen
This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides…
Abstract
Purpose
This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides implications for the coordination and optimization of subsequent stock market liberalization and green transformation policies in pursuit of carbon peaking and carbon neutrality goals.
Design/methodology/approach
With the data of Chinese listed enterprises, this paper takes the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect in China as a quasi-natural experiment and applies the multi-period difference-in-difference (DID) model to identify the impact of stock market liberalization on the corporates’ environmental violations.
Findings
The findings reveal that the stock market liberalization significantly restrains the corporates’ environmental violations. These findings are robust to a series of sensitivity tests, including excluding two-way effects, adjusting the year of policy implementation, replacing the core variables, introducing the regional fixed effects and excluding the interference effect of other relevant policies during the sample period. Furthermore, the stock market liberalization is beneficial for upgrading information disclosure quality, improving internal governance capability, strengthening environmental protection incentives, and thus restrains corporates’ environmental violations. Meanwhile, heterogeneity tests show that the inhibitory effects are more significant in those grouped samples which is large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden.
Originality/value
We make two marginal contributions to the current literature. First, this paper enriches the literature on the factors influencing corporate environmental violations by focusing on how the macro-level financial policy influences the micro-level corporate environmental violations. One the one hand, prior studies mainly focused on the consequences of corporate environmental violations; however, there is still a puzzle that the effect of stock market liberalization cannot be fully justified to influence corporate environmental violations. The findings help explain this puzzle by examining that stock market liberalization can restrain corporate environmental violations. Moreover, prior studies mainly focused on corporate share price (Yunsen Chen et al., 2022), market liquidity (Han Kim and Singal, 2000), information disclosure (Liang, Lin, and Chin 2012), corporate governance (Bae and Goyal, 2010) and corporate violations (Lingyun Xiong et al., 2021), but not on corporate environmental violations. We assume that the suppression effect of stock market liberalization on corporate environmental violations can help reduce corporate environmental violations, improve corporates’ awareness of environmental compliance. Second, this paper contributes to a better understanding of the literature on stock market liberalization by investigating the restraining effect of Stock Connect on corporate environmental violations from the perspective of information channel, corporate governance channel and motivation channel, which is of practical significance. Moreover, we investigate the differences in the inhibitory effects of stock market liberalization on different enterprises' environmental violations, from firm size, property rights, enterprise assessment results, tax burden to geographical location, which is conducive to the construction of a green financial system and the promotion of sustainable economic development. Our results show that firms which are large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden tend to compliance with environmental laws. These findings emphasize the importance and benefits of Stock Connect.
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Mingshun Yang, Li Ba, Erbao Xu, Yan Li, Yong Liu and Xinqin Gao
Assembly is the last step in manufacturing processes. The two-sided assembly line balancing problem (TALBP) is a typical research focus in the field of combinatorial optimization…
Abstract
Purpose
Assembly is the last step in manufacturing processes. The two-sided assembly line balancing problem (TALBP) is a typical research focus in the field of combinatorial optimization. This paper aims to study a multi-constraint TALBP-I (MC-TALBP-I) that involves positional constraints, zoning constraints and synchronism constraints to make TALBP more in line with real production. For enhancing quality of assembly solution, an improved imperialist competitive algorithm (ICA) is designed for solving the problem.
Design/methodology/approach
A mathematical model for minimizing the weighted sum of the number of mated-stations and stations is established. An improved ICA is designed based on a priority value encoding structure for solving MC-TALBP-I.
Findings
The proposed ICA was tested by several benchmarks involving positional constraints, zoning constraints and synchronism constraints. This algorithm was compared with the late acceptance hill-climbing (LAHC) algorithm in several instances. The results demonstrated that the ICA provides much better performance than the LAHC algorithm.
Practical implications
The best solution obtained by solving MC-TALBP-I is more feasible for determining the real assembly solution than the best solution obtained by solving based TALBP-I only.
Originality/value
A novel ICA based on priority value encoding is proposed in this paper. Initial countries are generated by a heuristic method. An imperialist development strategy is designed to improve the qualities of countries. The effectiveness of the ICA is indicated through a set of benchmarks.