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The rise in demand and high utilization of fuel causes severe environmental threat for the nations on the globe. Rapid burning potential of hydrogen produces enormous amount of thrust, and it is mainly owing to wide flame range and less onset of ignition.

The significant contribution of hydrogen as fuel has been explored by several researchers around the globe recently to use in aviation sector owing to its eco-friendly nature. Hydrogen is a safe and clean fuel, and it can be generated from several sources. The effects of addition on hydrogen on gas turbine on combustion characteristics and emission concentration level on atmosphere have been reviewed in this paper.

Incorporation of hydrogen is effective reducing nitrous oxide emission, high calorific value and flame less combustion. Addition of hydrogen to higher proportions enhances the combustion performance, minimizing the setbacks of conventional fuel and meets the specified standards on emission.

From the literature review, the comparative study on hydrogen with other fuel is explained. This paper concludes that addition of hydrogen in fuel enhances the performance of combustion on gas turbine engine along with significant reduction in emission levels.

The purpose of this paper is to speak about the production of biodiesel from waste cooking oil which serves as an alternate fuel in the absence of conventional fuels such as diesel and petrol. Though much research work was carried out using non-edible crops such as Jatropha and Pongamia, cooking oil utilized in bulk quantity is discarded as a waste. This is reused again as it contains more of esters that when combined with an alcohol in presence of an enzyme as a catalyst yields triglycerides (biodiesel).

The lipase producing strain Rhizopus oryzae and pure enzyme lipase is immobilized and treated with waste cooking oil for the production of FAME. Reaction parameters such as temperature, time, oil to acyl acceptor ratio and enzyme concentration were considered for purified lipase and in the case of Rhizopus oryzae, pH, olive oil concentration and rpm were considered for optimization studies. The response generated through each run were evaluated and analyzed through the central composited design of response surface methodology and thus the optimized reaction conditions were determined.

A high conversion (94.01 percent) was obtained for methanol when compared to methyl acetate (91.11 percent) and ethyl acetate (90.06 percent) through lipase catalyzed reaction at oil to solvent ratio of 1:3, enzyme concentration of 10 percent at 30°C after 24 h. Similarly, for methanol a high conversion (83.76 percent) was obtained at an optimum pH of 5.5, olive oil concentration 25 g/L and 150 rpm using Rhizopus oryzae when compared to methyl acetate (81.09 percent) and ethyl acetate (80.49 percent).

This research work implies that the acyl acceptors methyl acetate and ethyl acetate which are novel solvents for biodiesel production can also be used to obtain high yields as compared with methanol under optimized conditions.

–Prosopis juliflora is a raw material for long-term sustainable production of bioethanol. The purpose of this paper is to identify the best combination of pre-treatment strategy implemented on the lignocellulosic biomass Prosopis juliflora for bioethanol production.

Pre-treatment of lignocellulosic material was carried out using acid, alkali and sonication in order to characterize the biomass for bioethanol production. Prosopis juliflora stem was subjected to steam at reduce temperature (121°C) for one hour residence time initially. Further acid and alkali treatment was carried out individually followed by combinations of acid and sonication, alkali and sonication. Sodium hydroxide, potassium hydroxide, hydrochloric acid, sulphuric acid and nitric acid were used with 3 per cent (w/v) and 3 per cent (v/v) concentration under temperature range of 60-90°C for 60 min incubation time. Sonication under 60°C for 5 min and 40 KHz frequency was carried out. Pre-treated sample were further characterised using field emission scanning electron microscope and Fourier transform infrared spectroscopy to understand the changes in surface morphology and functional characteristics.

In sono assisted acid treatment-based method, nitric acid yields better cellulose content at 70°C and removes lignin that even at increased temperatures no burning was observed.

The paper adds to the scarce research available on the combination of auto hydrolysis coupled with sono assisted acid/alkali hydrolysis which is yet to be practiced.

The proposed solar thermal cooling cogeneration cycle is well suited for industrial as well as domestic needs and it eliminates need of electricity for refrigeration system. The purpose of this paper is to integrate power and cooling to minimize the energy usage.

The proposed plant has double turbine with superheater and reheater to extract more energy, operating on single generator. The saturated refrigerant from the exit of the generator is used to run the primary turbine and the exit mass of refrigerant is split into 50:50 cooling to power ratio.

It produces additional power of 24 kW at absorber concentration of 0.42 and turbine inlet concentration of 0.95, with separator temperature of 145°C and atmosphere temperature of 30°C.

The proposed cooling cogeneration cycle is possible to run on all the refrigerant working fluid mixture and it overcomes the problem of Goswami cycle which is not possible to run in hot climatic countries.

The cycle can operate individually as refrigeration cycle, power cycle and both and it will run all climatic conditions.

This article investigated whether the executives' compensation and corporate governance attributes are aligned with stakeholders' demands for higher corporate voluntary disclosures. Moreover, the study also examined the moderating role of the auditor's reputation in the direction of association among executive compensation, corporate governance attributes, and voluntary disclosures.

The study used a sample of S&P BSE index constituents' 90 Indian firms for 2017–2019. The voluntary disclosure scores were fetched from the India Disclosure Index Report published by FTI Consulting. This analysis was carried out in two parts by applying four panel-data regression models in the agency and signalling theories framework. First, the study examined the association between executive compensation, board strength, composition, gender diversity, and voluntary disclosures. Second, the article investigated the moderating role of the “Big 4” in the direction of association among executive compensation, corporate governance attributes, and voluntary disclosures.

The willingness of executives to share private information with stakeholders depends on the compensation they receive from their employer. The higher compensation paid to executives leads to a higher “tone from the top,” which is better aligned with stakeholder interests. Further, the research also found that bigger board sizes, a higher proportion of independent and woman directors (indicators of good governance), and an auditor's reputation are associated with increased voluntary disclosure.

The findings showed that the executives' compensation and corporate governance attributes are aligned with stakeholders' demand for higher voluntary information from firms. Moreover, the study also found that the “Big 4” play a moderating role in this direction. The choice of a reputed auditor indicates the firms' long-term positive future perspectives, which strengthens investor confidence in the financial market.

The study suggests that fair executive compensation can address the agency problem.

This research furnishes managers and different stakeholders with significant implications of executives' compensation, corporate governance, and auditor's reputation in the best interests of a firm through reducing potential risks of information asymmetry.

This paper analyzed the effect of voluntary corporate disclosure on firm value and how audit quality and cross-border stock market listing moderate this relationship.

The paper analyzed S&P BSE index constituents’ 90 Indian enterprises for 2017–2019. The India Disclosure Index Report was used to fetch the voluntary disclosure scores. Further, the study was conducted in two parts using six different panel-data regression models in the framework of legitimacy, agency, signaling and market segmentation theory. First, the study investigated the direct impact of voluntary disclosures on return on assets (ROA) and Tobin’s Q. Second, the moderating effect of the “Big 4” was tested. Third, the paper also examined the moderating role of “cross-border stock market listing” in the direction of voluntary disclosure-firm value relationships.

Primarily, the results postulate a significant positive impact of voluntary disclosures on ROA and Tobin’s Q. A higher voluntary disclosure leads to a higher ROA and Tobin’s Q for firms. Moreover, the improvement effect of such disclosures on ROA and Tobin’s Q is more pronounced for companies “listed abroad” and audited by “Big 4.”

The findings will enhance managers’ learning about the financial impact of voluntary disclosures. The choice of a “Big 4” and “Cross border stock market listing” indicates firms’ future positive perspectives, strengthening investor trust in the market.

The results suggest that companies’ potential auditing, agency and litigation issues could be addressed through fairness in the information content of voluntary disclosures.

This examination presents a firm valuation model in which voluntary disclosure tackles an ethical issue, the resolution of which depends on the “audit quality” and “cross-border stock market listing.”

This paper aims to examine the effect of procedural justice on affective commitment, through the mediating of organizational trust and job satisfaction.

Data were collected from 305 executives working in eight large cement organizations through a standardized questionnaire. Confirmatory factor analysis, structural equation modelling and mediation analysis were performed to examine the relationship.

Procedural justice significantly influenced job satisfaction and organizational trust directly. Organizational trust and job satisfaction are partially mediated by organizational justice and affective commitment. Interestingly, procedural justice does not influence affective commitment directly.

Procedural justice and affective commitment are crucial aspects of an organization. Limited research has been conducted linking procedural justice, organizational trust, job satisfaction and affective commitment. This study was conducted in the South Asian country of India, where power-distance prevails

After completion of the case study, students will be able to analyse the path of the entrepreneurship from idea generation to market development to scaling up business, examine the impact of start-ups like Ergos on India’s agriculture value chain, discuss the challenges faced by tech entrepreneurs in growing a business, identify problems solved by Grain Bank Model and evaluate digitisation of farming’s custodial services such as warehousing, market linkages and loans.

The case study discusses how founders of Ergos, India-based leading digital AgriTech start-up, Kishor Kumar Jha and Praveen Kumar, started one of the unique models in the AgriTech landscape in India. After noticing the grim condition of small and marginal farmers in Bihar, India. Kishor and Praveen decided to put their banking and corporate experience to use in the farming sector. Ergos aimed to empower farmers by providing them with a choice on when, how much quantity, and at what price they should sell their farm produce, thus maximising their income. As a result, Ergos launched the grain bank model, which provided farmers with doorstep access of end-to-end post-harvest supply chain solutions by leveraging a robust technology platform to ensure seamless service delivery. Ergos faced many challenges in its journey related to financing, marketing and distribution. Amidst these developments, it remained to be seen how Kishor and Praveen would be able to realise their goal to serve over two million farmers across India by 2025 and create a sustainable income for them through its GrainBank Platform.

This case study was written for use in teaching graduate and postgraduate management courses in entrepreneurship and business strategy.

Teaching notes are available for educators only.

CSS 3: Entrepreneurship

The purpose of this paper is to study the thermal and mechanical disturbances in a piezo-electric microstretch thermoelastic medium due to the presence of ultra-short laser pulse as input heat source.

The medium is subjected to normal force, tangential force and thermal source. The solution of the problems is developed in terms of normal modes. Mathematical expressions have been obtained for normal stress, tangential stress, microstress, dielectric displacement vector and temperature change.

The numerically computed results are shown graphically. The effect of time and laser radius on temperature distribution is also shown graphically and comparison to theoretical results has been discussed. A mathematical model has been developed for the system of equations and various stress quantities have been analyzed. Some computer programs have also been written for this study. Two particular cases are also derived from the present investigation.

The effect of laser heat source is studied in piezo-electric microstretch thermoelastic medium. It is observed from the figures that the laser heat source has significant role on the values of coupled tangential stress.

This study aims to propose a framework for designing appropriate triangular fuzzy numbers in a fuzzy analytic hierarchy process (FAHP) for selecting a road freight transport route and investigate the appropriate fuzzy numbers determined from a reliable consensus among participating experts based on the Delphi method.

The fundamental nine-point scale was investigated and separated into nonfuzzy intervals for importance assessment. A total of 17 individual experts participated in this study, and their consensus was that appropriate fuzzy numbers could be obtained using a three-round Delphi process. Moreover, the appropriate fuzzy numbers were used instead of the primary fuzzy numbers to calculate the relative weights of the decision criteria for road freight route selection.

The results confirmed that the Delphi method can be easily and rigorously applied to define appropriate fuzzy numbers. Further, this framework can serve as a guideline for a situation wherein the input of other fuzzy multiple criteria decision-making tools must be provided.

The FAHP has been widely used to address the imprecise assessments of decision-makers. However, most existing studies on the incorporation of such techniques have not defined fuzzy numbers, which are relevant to the problem of interest. This study contributes by incorporating the Delphi method that can design an appropriate fuzzy number for road freight route selection.