Kuldeep Rajpoot, Saurav Singla, Abhishek Singh and Shashi Shekhar
This study focuses on accessing the impact of lockdown implemented to curb the pandemic of coronavirus disease 2019 (COVID-19) on prices of potato and onion crops using the time…
Abstract
Purpose
This study focuses on accessing the impact of lockdown implemented to curb the pandemic of coronavirus disease 2019 (COVID-19) on prices of potato and onion crops using the time series analysis techniques.
Design/methodology/approach
The present study uses secondary price series data for both crops. Along with the study of percent increase or decrease, the time series analysis techniques of autoregressive integrated moving average (ARIMA) and generalized autoregressive conditional heteroskedasticity (GARCH), as well as machine learning; neural network autoregressive (NNAR) models were used to model the prices. For the purpose of comparison, the data from past years were taken as the period of normalcy. The behaviour of the forecasts for the normal periods and during the pandemic based on respective datasets was compared.
Findings
The results show that there was an unprecedented rise in prices during the months of lockdown. It could be attributed to the decline in arrivals due to several reasons like issues with transportation and labour availability. Also, towards the end of lockdown (May 2020), the prices seemed to decrease. Such a drop could be attributed to the relaxations in lockdown and reduced demand. The study also discusses that how some unique approaches like e-marketing, localized resource development for attaining self-sufficiency and developing transport chain, especially, for agriculture could help in such a situation of emergency.
Research limitations/implications
A more extensive study could be conducted to mark the factors specifically that caused the increase in price.
Originality/value
The study clearly marks that the prices of the crops increased more than expectations using time series methods. Also, it surveys the prevailing situation through available resources to link up the reasons behind it.
Details
Keywords
Kumar Abhishek, Saurav Datta, Siba Sankar Mahapatra, Goutam Mandal and Gautam Majumdar
The study has been aimed to search an appropriate process environment for simultaneous optimization of quality‐productivity favorably. Various surface roughness parameters (of the…
Abstract
Purpose
The study has been aimed to search an appropriate process environment for simultaneous optimization of quality‐productivity favorably. Various surface roughness parameters (of the machined product) have been considered as product quality characteristics whereas material removal rate (MRR) has been treated as productivity measure for the said machining process.
Design/methodology/approach
In this study, three controllable process parameters, cutting speed, feed, and depth of cut, have been considered for optimizing material removal rate (MRR) of the process and multiple surface roughness features for the machined product, based on L9 orthogonal array experimental design. To avoid assumptions, limitation, uncertainty and imprecision in application of existing multi‐response optimization techniques documented in literature, a fuzzy inference system (FIS) has been proposed to convert such a multi‐objective optimization problem into an equivalent single objective optimization situation by adapting FIS. A multi‐performance characteristic index (MPCI) has been defined based on the FIS output. MPCI has been optimized finally using Taguchi method.
Findings
The study demonstrates application feasibility of the proposed approach with satisfactory result of confirmatory test. The proposed procedure is simple, and effective in developing a robust, versatile and flexible mass production process.
Originality/value
In the proposed model it is not required to assign individual response weights; no need to check for response correlation. FIS can efficiently take care of these aspects into its internal hierarchy thereby overcoming various limitations/assumptions of existing optimization approaches.