Mamta Kayest and Sanjay Kumar Jain
Document retrieval has become a hot research topic over the past few years, and has been paid more attention in browsing and synthesizing information from different documents. The…
Abstract
Purpose
Document retrieval has become a hot research topic over the past few years, and has been paid more attention in browsing and synthesizing information from different documents. The purpose of this paper is to develop an effective document retrieval method, which focuses on reducing the time needed for the navigator to evoke the whole document based on contents, themes and concepts of documents.
Design/methodology/approach
This paper introduces an incremental learning approach for text categorization using Monarch Butterfly optimization–FireFly optimization based Neural Network (MB–FF based NN). Initially, the feature extraction is carried out on the pre-processed data using Term Frequency–Inverse Document Frequency (TF–IDF) and holoentropy to find the keywords of the document. Then, cluster-based indexing is performed using MB–FF algorithm, and finally, by matching process with the modified Bhattacharya distance measure, the document retrieval is done. In MB–FF based NN, the weights in the NN are chosen using MB–FF algorithm.
Findings
The effectiveness of the proposed MB–FF based NN is proven with an improved precision value of 0.8769, recall value of 0.7957, F-measure of 0.8143 and accuracy of 0.7815, respectively.
Originality/value
The experimental results show that the proposed MB–FF based NN is useful to companies, which have a large workforce across the country.
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Ram Jiwari, Sanjay Kumar and R.C. Mittal
The purpose of this paper is to develop two meshfree algorithms based on multiquadric radial basis functions (RBFs) and differential quadrature (DQ) technique for numerical…
Abstract
Purpose
The purpose of this paper is to develop two meshfree algorithms based on multiquadric radial basis functions (RBFs) and differential quadrature (DQ) technique for numerical simulation and to capture the shocks behavior of Burgers’ type problems.
Design/methodology/approach
The algorithms convert the problems into a system of ordinary differential equations which are solved by the Runge–Kutta method.
Findings
Two meshfree algorithms are developed and their stability is discussed. Numerical experiment is done to check the efficiency of the algorithms, and some shock behaviors of the problems are presented. The proposed algorithms are found to be accurate, simple and fast.
Originality/value
The present algorithms LRBF-DQM and GRBF-DQM are based on radial basis functions, which are new for Burgers’ type problems. It is concluded from the numerical experiments that LRBF-DQM is better than GRBF-DQM. The algorithms give better results than available literature.
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Girish Chandra, Avinash Jain and Sanjay Kumar
The estimation of market value of intangible benefits of afforestation has always been a challenging task, and the contingent valuation method is a popular method used in…
Abstract
Purpose
The estimation of market value of intangible benefits of afforestation has always been a challenging task, and the contingent valuation method is a popular method used in environmental assessment. The NTPC set up a coal-based power plant in Korba, India and planted 1.6 million trees on 19% of the project area.
Design/methodology/approach
The individual's mean and median willingness to pay (WTP) for four intangible benefits, namely, pollution control (PC), improvement in underground water level (IUGWL), soil conservation and remediation (SCR) in addition to total WTP from the afforestation program of NTPC were estimated using a customized procedure for logit model based upon respondent's age, education, occupation, income and bid amount asked to pay. Stratified multistage random sampling has been used to select the respondents.
Findings
The procedure increases the number of respondents who are willing to pay as compared to conventional CVM. The finding of the study shows that the highest WTP was observed for PC (Rs. 462.84 per month per household) followed by SCR and IUGWL, whereas for total WTP it was Rs. 972.60.
Originality/value
The proposed customized procedure and the results thereof would be useful in improving the WTP estimates for other similar studies in order to conserve the environment.
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Shubhangi Gautam and Pardeep Kumar
Purpose – This study aims to investigate how behavioural biases affect cryptocurrency investment choices. The study also evaluates how risk tolerance mediates the relationship…
Abstract
Purpose – This study aims to investigate how behavioural biases affect cryptocurrency investment choices. The study also evaluates how risk tolerance mediates the relationship between behavioural biases and investment decision-making.
Need for the Study – The study is required to refine research methods and to ensure the reliability and validity of findings on behavioural biases in cryptocurrency investment decision-making.
Methodology – This pilot study involved responses from individuals in India’s western and northern regions who either invested in cryptocurrencies or had adequate knowledge of such investments. To assess the normality, validity, and reliability of the questionnaire data, a sample of 51 individuals was analysed using SPSS software.
Findings – The results of this study validate the reliability of the questionnaire in conducting pilot research by attaining high reliability with high coefficients of measures and reasonable normality.
Originality/value – The study confirmed the tool’s efficiency to analyse various specific antecedents influencing investing choices.
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Kirti Sood, Prachi Pathak and Sanjay Gupta
Investment decisions hold immense significance for investors and eventually affect their portfolio performance. Investors are advised to weigh the costs and benefits associated…
Abstract
Purpose
Investment decisions hold immense significance for investors and eventually affect their portfolio performance. Investors are advised to weigh the costs and benefits associated with every decision in order to make rational investment decisions. However, behavioral finance research reveals that investors' choices often stem from a blend of economic, psychological and sociological factors, leading to irrationality. Moreover, environmental, social and corporate governance (ESG) factors, aligned with behavioral finance hypotheses, also sway opinions and stock prices. Hence, this study aims to identify how individual equity investors prioritize key determinants of investment decisions in the Indian stock market.
Design/methodology/approach
The current research gathered data from 391 individual equity investors through a structured questionnaire. Thereafter, a fuzzy analytic hierarchy process (F-AHP) was used to meet the purpose of the research.
Findings
Information availability, representative heuristics belonging to psychological factors and macroeconomic indicators falling under economic factors were discovered to be the three most prioritized criteria, whereas environmental issues within the realm of ESG factors, recommendations of brokers or investment consultants of sociological factors, and social issues belonging to ESG factors were found to be the least prioritized criteria, respectively.
Research limitations/implications
Only active and experienced individual equity investors were surveyed in this study. Furthermore, with a sample size of 391 participants, the study was confined to individual equity investors in one nation, India.
Practical implications
This research has implications for individual investors, institutional investors, market regulators, corporations, financial advisors, portfolio managers, policymakers and society as a whole.
Originality/value
To the best of the authors' knowledge, no real attempt has been made to comprehend how active and experienced individual investors prioritize critical determinants of investment decisions by taking economic, psychological, sociological and ESG factors collectively under consideration.
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Purpose: Green consumerism is on the rise in the 21st century, impelling businesses to prioritise environmental awareness and expand eco-products to keep up with the growing…
Abstract
Purpose: Green consumerism is on the rise in the 21st century, impelling businesses to prioritise environmental awareness and expand eco-products to keep up with the growing demand. This research examines how social media (SM) and moral obligations (MO) affect consumer views and their propensity to make eco-friendly choices.
Methodology: Data were gathered from 508 participants using an adaptive questionnaire. The proposed model was tested using ‘structural equation modelling’.
Findings: The results show that electronic word-of-mouth (EWOM) and the intent to acquire green goods favourably impact consumer behaviour. MO positively influences attitudes and intentions to make green purchases (GPI), with attitudes acting as a mediator between MO and GPI.
Implications: This research is of utmost importance for marketers wanting to enhance their SM communication strategies to influence consumers’ opinions of green products and raise the possibility that they would make environmentally conscious purchases.
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Kaushal Kishore Mishra, Pawan Pant, Harvinder Singh and Sunil Kant Mishra
Implementing big data analytics and client customization programs is causing a significant revolution in the insurance sector. This study examines how big data analytics may…
Abstract
Purpose
Implementing big data analytics and client customization programs is causing a significant revolution in the insurance sector. This study examines how big data analytics may revolutionize the insurance industry, emphasizing how consumer customization can improve customer experiences, maximize risk assessment, and spur company expansion.
Design/Methodology
An empirical study with statistical analysis using tools like correlation and regression was carried out to ascertain the relationships between the various sets of variables—personalized customer experiences and customer satisfaction and customer profiling leads to more effective targeting of marketing efforts. We explore essential ideas like client segmentation, profiling, and retention via a thorough analysis of the literature and case studies, showcasing best practices and inspirational tales from top insurers.
Findings
The empirical study found that there is a very high correlation between transparency in data and stakeholders' trust. The study found that insurers may preserve their innovation-driven culture, strengthen customer relationships, and achieve sustainable development in a competitive market by embracing future technological innovations and resolving current challenges.
Practical Implication
Insurance companies may seize new chances for individualized client experiences and long-term success in a market that is becoming increasingly competitive by utilizing cutting-edge technology like artificial intelligence and the Internet of Things. To effectively manage the changing terrain of consumer customization in the digital age, insurance professionals, academics, and legislators will find this study highly insightful.
Originality/Value
The study is an original contribution based on literature and case studies analysis, showcasing best practices and inspirational tales from top insurers.
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Deepika Sharma, Rashi Taggar, Sunali Bindra and Sanjay Dhir
This paper aims to epistemologically extend and explore the present theories from prior research conducted in the area of responsiveness. Furthermore, it determines to benchmark…
Abstract
Purpose
This paper aims to epistemologically extend and explore the present theories from prior research conducted in the area of responsiveness. Furthermore, it determines to benchmark the prominent theories, characteristics, context and methodologies (TCCM) used in the domain since its inception to advance the science and practice of marketing and logistics discipline.
Design/methodology/approach
A seven-step methodology (SSM) has been introduced to create a comprehensive dataset. Based upon the selection criteria of high-ranked journals and language, the research studies have been retrieved from Scopus, Web of Science, Business Source Complete and journal homepage to avoid the error of exclusion. Moreover, the dataset has been compiled using manual and electronic searches without any limitation of time.
Findings
The search for a suitable dataset retrieved 642 documents by identifying “1969” as the beginning year of research in the subject domain. The analysis found that responsiveness has been prominently studied in the manufacturing industry. The results also advocate responsiveness as the vital antecedent to performance and satisfaction. Frameworks have been proposed with significant propositions for future empirical testing and theory inventiveness by researchers.
Originality/value
The study pioneers its utility for retailers to recognize the firms' inherent abilities and strengths, which can be promoted to create responsiveness more than ever. The analysis results can act as the compelling force to understand the driving power of various factors influencing responsiveness.
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Kamakshi Sharma, Mahima Jain and Sanjay Dhir
This study explores the variables that drive the impact of artificial intelligence (AI) on the competitiveness of a tourism firm. The relationship between the variables is…
Abstract
Purpose
This study explores the variables that drive the impact of artificial intelligence (AI) on the competitiveness of a tourism firm. The relationship between the variables is established using the modified total interpretive structural modelling (m-TISM) methodology. The factors are identified through literature review and expert opinion. This study investigates the hierarchical relationship between these variables.
Design/methodology/approach
The modified total interpretive structural modelling (m-TISM) method is used to develop a hierarchical interrelationship among variables that display direct and indirect impact. The competitiveness of a tourism firm is measured by investigating the effect of variables on the firm's financial performance.
Findings
The study identifies ten key factors essential for analysing the impact of AI on a firm's competitiveness. The m-TISM methodology gave us the hierarchical relationship between the factors and their interpretation. A theoretical TISM model has been constructed based on the hierarchy and relationship of the elements. The elements that fall in Level V are “AI Skilled Workforce”, “Infrastructure” and “Policies and Regulations”. Level IV includes the elements “AI Readiness”, “AI-Enabled Technologies” and “Digital Platforms”. Elements that fall under Level III are “Productivity” and “AI Innovation”. Level II and Level I comprise “Tourist Satisfaction” and “Financial Performance”, respectively. The levels indicate the elements' hierarchical level, with Level I the highest and Level V the lowest.
Research limitations/implications
Tourism and AI scholars can analyse the given variables by including the transitive links and incorporate new variables depending upon future research. The m-TISM model constructed from literature review and expert opinion can act as a theoretical base for future studies to be conducted by researchers.
Practical implications
Management/Practitioners can focus on the available characteristics and capitalise on them while working on the factors lacking in their organisation to enhance their competitiveness. Entrepreneurs starting their own business can utilise the elements in understanding the ecosystem of strengthening a firm's competitiveness. They can work to improve on the aspects which are crucial and trigger the impact on competitiveness. The government and management can devise policies and strategies that encompass the essential factors that positively impact the competitiveness of the firms. The approach can then be looked at with a holistic approach to cater to the other related components of the tourism industry.
Originality/value
This study is the first of its kind to use the modified TISM methodology to understand the impact of AI on the competitiveness of tourism firms.
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Muskan Sachdeva, Ritu Lehal, Swati Gupta and Sanjay Gupta
The behavioural decision-making process of individuals highlights the importance of investors’ sentiment and their correlation with the real economy. This paper aims to contribute…
Abstract
Purpose
The behavioural decision-making process of individuals highlights the importance of investors’ sentiment and their correlation with the real economy. This paper aims to contribute to the literature of behavioural finance by examining the influence of contextual factors on investment decision-making.
Design/methodology/approach
Using a questionnaire, a total of 445 valid responses were collected from March to May 2021 through online sources. The current study uses a technique of Fuzzy-analytical hierarchical process (AHP) to assign relative weights to various contextual factors influencing investment decision-making. Harman’s single factor test was used to check common method bias.
Findings
Results of the study reveal that accounting information, self-image/firm-image coincidence, and neutral information as the top-ranked factors in influencing investment decisions, whereas advocate recommendation and personal financial needs emerged as less important factors in influencing investment decisions.
Research limitations/implications
The current study collects data from Indian stock market investors, which may limit the generalization of the study to India only. Moreover, this study is cross-sectional in nature, and there are numerous factors that are not part of the study but might significantly influence the investors’ decision-making process.
Practical implications
The research has implications for both academicians working in the area of behavioural finance and practitioners’ who are active in stock markets, more specifically dealing with retail investors and in the domain of personal finance. Also, the current study will accommodate different groups, i.e. policy makers, financial advisors, investors, investment professionals, etc. in carrying out their professional work.
Originality/value
The current study will provide a comprehensive overview of individual investor behaviour. To the best of the authors’ knowledge, the present study is one of its kind to use the Fuzzy-AHP technique for evaluating the relative ranks of contextual factors influencing investment decision-making.