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This study aims to examine whether limited attention leads to the market underreaction to earnings announcement and 10‐K filings.

This is an empirical study involving statistical analysis of a large sample of data, obtained from Compustat, CRSP and Xignite Inc. Both portfolio analysis and multivariate regressions are used in hypotheses testing.

The following key findings are presented in the paper. First, we show that among large firms, investors under‐react more to the information contained in 10‐K filings than earnings announcements. Second, underreaction to earnings announcements tends to be stronger for small firms than large firms. Third, we find that companies report their earnings and 10‐Ks earlier when there is a higher demand for such information, and document a negative relationship between the degree of underreaction and the timeliness of such information release. Finally, we show that the recent ruling by SEC to accelerate 10‐K filing has little impact on the degree of investors' underreaction to 10‐K information.

The findings of this study suggest that investors' failure to devote enough attention to an economic event leads to underreaction, and the degree of underreaction is negatively correlated with the amount of investor attention.

Investors need to periodically reassess the informational contents of economic events, and allocate their attention accordingly, in order to avoid underreaction.

This study analyzes and the roles of limited attention in determining the degree of investor underreaction to earnings announcement and 10‐K filings. The comparison of the two related but distinct financial reporting events yields interesting insights.

The purpose of this paper is to develop a statistical-based model to forecast future domestic water demand in the context of climate change, population growth and technological development in Yellow River.

The model is developed through the analysis of the effects of climate variables and population on domestic water use in eight sub-basins of the Yellow River. The model is then used to forecast water demand under different environment change scenarios.

The model projected an increase in domestic water demand in the Yellow River basin in the range of 67.85 × 10⁸ to 62.20 × 10⁸ m³ in year 2020 and between 73.32 × 10⁸ and 89.27 × 10⁸ m³ in year 2030. The general circulation model Beijing Normal University-Earth System Model (BNU-ESM) predicted the highest increase in water demand in both 2020 and 2030, while Centre National de Recherches Meteorologiques Climate Model v.5 (CNRM-CM5) and Model for Interdisciplinary Research on Climate- Earth System (MIROC-ESM) projected the lowest increase in demand in 2020 and 2030, respectively. The fastest growth in water demand is found in the region where water demand is already very high, which may cause serious water shortage and conflicts among water users.

The simple regression-based domestic water demand model proposed in the study can be used for rapid evaluation of possible changes in domestic water demand due to environmental changes to aid in adaptation and mitigation planning.

The purpose of this study is to improve the accuracy of industrial robot kinematic parameter identification and position accuracy by solving the problem of insufficient consideration of error sources in the kinematic parameter identification model and optimizing the selection of measurement pose set.

In this study, a kinematic calibration method for industrial robots considering multiple error sources is proposed. Based on the Modified Denavit Hartenberg (MD-H) model, a robot kinematics identification model including joint reduction ratio error, target ball installation error and coordinate system transformation error is established. Taking the optimal observability index O1 and the minimum flexible deformation as the optimization objectives, a measurement pose set optimization method based on Non-dominated Sorting Genetic Algorithm II (NSGA-II) is proposed to obtain a measurement pose set with higher identification accuracy.

Through experiments conducted with the Nantong Zhenkang ZK1400-6 robot as the test subject, the kinematic parameters identified by the optimized measurement pose set are more accurate than the randomly selected measurement pose set, and the positioning accuracy of the robot is improved from 2.11 to 0.31 mm, an increase of 85.3%.

This study introduces a position error model that comprehensively accounts for the error sources causing positioning inaccuracies. Building on this foundation, a novel flexible deformation index is proposed to quantify the flexible deformation in the measurement pose set, thereby reducing the impact of such deformation on the position error in the model. To the best of the authors’ knowledge, for the first time, this study presents an optimization method for the measurement pose set based on NSGA-II, using the flexible deformation index and observability index as objectives for multi-objective optimization, simultaneously optimizing the pose error and Jacobian matrix in the error model.

A new reverse educing method (REM) is presented to estimate the vibrational stress on rotating aeroengine blades from the actual fracture section. This method does not conform to the traditional calculating method, but involves the reverse solution idea. The value of the crack propagation ratio da/dN can be obtained from the actual fracture section of the blade, and then the vibrational stress on rotating blades can be calculated through static computation, modal analysis and crack stress intensity factor calculation. The result is very significant for fault diagnosing and shooting of aeroengine blades.

Rotational speed and load-carrying capacity are two mutual coupling factors which affect high precision and stable operation of a hydrostatic thrust bearing. The purpose of this paper is to study reasonable matching relationship between the rotational speed and the load-carrying capacity.

A mathematical model of relationship between the rotational speed and the load-carrying capacity of the hydrostatic bearing with double-rectangle recess is set up on the basis of the tribology theory and the lubrication theory, and the load and rotational speed characteristics of an oil film temperature field and a pressure field in the hydrostatic bearing are analyzed, reasonable matching relationship between the rotational speed and the load-carrying capacity is deduced and a verification experiment is conducted.

By increasing the rotational speed, the oil film temperature increases, the average pressure decreases and the load-carrying capacity decreases. By increasing the load-carrying capacity, the oil film temperature and the average pressure increases and the rotational speed decreases; corresponding certain reasonable matching values are available.

The load-carrying capacity can be increased and the rotational speed improved by means of reducing the friction area of the oil recess by using low-viscosity lubricating oil and adding more oil film clearance; but, the stiffness of the hydrostatic bearing decreases.

High silicon iron-based alloys possess excellent corrosion resistance in certain specific media, but the effects of electrolysis parameters on corrosion resistance remain unknown. This study aims to guide the development and application of an extra-low carbon high silicon iron-based alloy (ECHSIA) in electrode plates.

The corrosion resistance of ECHSIA and a conventional high-silicon cast iron (CHSCI) was analyzed through experimental characterizations. The morphology was observed by scanning electron microscopy. The influence of electrolysis parameters on the corrosion resistance of ECHSIA was investigated through corrosion experiments. The relationship between the electrolysis parameters and the corrosion resistance of ECHSIA was statistically investigated using the grey correlation analysis method.

The corrosion resistance of the ECHSIA is better than that of the CHSCI. The corrosion rate showed an increasing tendency with the increase in the nitric acid concentration (C_HNO3), electrolyte temperature and current density. The grey correlation analysis results showed that the C_HNO3 was the main factor affecting the corrosion rate of the ECHSIA.

An ECHSIA with a single ferrite microstructure was prepared. This study provides a guideline for the future development and application of ECHSIAs as electrode plates.

The purpose of this paper is to explore the method of clinical department classification in comprehensive hospital to provide a scientific management reference in performance evaluation.

In order to perform the classification of clinical departments, a grey cluster model was constructed. In this model, the benefit index of each clinical department was analyzed using grey associative analysis, and a superior index was chosen to incorporate in this model. Through the relevancy degree of superior index, the authors confirmed the weight of index, and the quintile threshold was calculated by a quintile method and whitening weight functions were constructed.

This model, based on grey entropy weight cluster, can reasonably distinguish the merits of clinical departments. From the case we study, neurology?/Cardiovasology?/Integrated disease and Emergency were the optimum assessing department.

The results demonstrated that the index selection, weight determination, whitening weight functions and model construction in this study could provide technique’s reference and application for hospital administrators. It avoids the subjective discrimination and reduces the influence of sample noise, and it is easy to perform while conducting performance evaluation in a comprehensive hospital.

The population model has an important role in biology to interpret the spreading rate of viruses and parasites. This biological model is also used to identify fragile species. This paper aims to propose a new Yang-Abdel-Aty-Cattani (YAC) fractional operator with a non-singular kernel to solve nonlinear partial differential equation, which is arised in biological population model. Here, this study has explained the analytical methods, reduced differential transform method (RDTM) and residual power series method (RPSM) taking the fractional derivative as YAC operator sense.

This study has explained the analytical methods, RDTM and RPSM taking the fractional derivative as YAC operator sense.

This study has expressed the solutions in terms of Mittag-Leffler functions. Also, this study has compared the solutions with the exact solutions. Three examples are described for the accuracy and efficiency of the results.

The population model has an important role in biology to interpret the spreading rate of viruses and parasites. This biological model is also used to identify fragile species. In this study, the main aim is to propose a new YAC fractional operator with non-singular kernel to solve nonlinear partial differential equation, which is arised in biological population model. Here, this study has explained the analytical methods, RDTM and RPSM taking the fractional derivative as YAC operator sense. This study has expressed the solutions in terms of Mittag-Leer functions. Also, this study has compared the solutions with the exact solutions. Three examples are described for the accuracy and efficiency of the results.

The population model has an important role in biology to interpret the spreading rate of viruses and parasites. This biological model is also used to identify fragile species. In this paper, the main aim is to propose a new YAC fractional operator with non-singular kernel to solve nonlinear partial differential equation which is arised in biological population model. Here, this study has explained the analytical methods, RDTM and RPSM taking the fractional derivative as YAC operator sense. This study has expressed the solutions in terms of Mittag-Leer functions. Also, this study has compared the solutions with the exact solutions. Three examples are described for the accuracy and efficiency of the results.

The population model has an important role in biology to interpret the spreading rate of viruses and parasites. This biological model is also used to identify fragile species. In this paper, the main aim is to propose a new YAC fractional operator with non-singular kernel to solve nonlinear partial differential equation, which is arised in biological population model. Here, this paper has explained the analytical methods, RDTM and RPSM taking the fractional derivative as YAC operator sense. This study has expressed the solutions in terms of Mittag-Leer functions. Also, this study has compared the solutions with the exact solutions. Three examples are described for the accuracy and efficiency of the results.

The population model has an important role in biology to interpret the spreading rate of viruses and parasites. This biological model is also used to identify fragile species. In this paper, the main aim is to propose a new YAC fractional operator with non-singular kernel to solve nonlinear partial differential equation, which is arised in biological population model. Here, this paper has explained the analytical methods, RDTM and RPSM taking the fractional derivative as YAC operator sense. This study has expressed the solutions in terms of Mittag-Leer functions. Also, this study has compared the solutions with the exact solutions. Three examples are described for the accuracy and efficiency of the results.

The purpose of this paper is to propose a design of online-merge-offline (OMO) classroom for open education with design principles related to practical issues of teachers’ teaching, students’ learning and schools’ management.

Three stages were covered: drafted an OMO classroom framework, built a sample classroom and explored end-users’ experience. First, authors searched for and reviewed previous studies and related cases to draft an OMO framework. Second, a classroom, consisted of wireless devices, cloud-based services, Internet of Things terminals, ergonomics furniture, and comprehensive data management and analysis services, was built in Shanghai Open University. Third, invited 11 students’, 18 teachers’ and 9 school managers’ perspectives were collected and analysed by surveys and interviews.

All student participants responded positively in terms of learning experience in the classroom. They not only engaged in classroom activities such, but also accessed needed learning materials and interacted with teachers and peers anytime anywhere via mobile devices. Similarly, most teachers (90 per cent) made positive responses because of flexibility of teaching strategies and learning activities and expressed willingness to use the classroom in the future (94.4 per cent). In addition, more than 78 per cent of managers positively commented on the design of classroom, interaction effects and effective management. Visualised data allowed them to timely monitor status of facilities, comprehensively understand users’ behaviour and issues, make necessary decision with scientific evidence.

The framework and classroom not only provide teachers, students, school managers and researcher with a better understanding of innovative open education, but also indicate the key role of objective-oriented and data-driven issues for further work.

To meet needs of teachers, students, managers and researchers in today’s open education, an OMO classroom was built in Shanghai Open University based on the proposed Objective-Oriented Pedagogy-Space-Technology (OPST) framework. The framework provides readers (especially teachers and administrators of open-education institutes, staff of information centres and ed-tech researchers) with a better understanding of innovative instruction and effective management, and the originally designed classroom can be a practical and illuminating example.

The purpose of this paper is to analyze the influencing factors of patients’ financial burden through a case study of hospital on public‒private partnerships (PPP) model (Chaonan Minsheng Hospital of Guangdong Province) and provide some useful information to policymakers for better development of hospitals on PPP model.

There are total six indicators that are defined as patients’ financial burden, basing on the policy of “indicators of medical quality management and control on the third level large general hospital (2011 edition),” issued by Chinese Government. In total, 23 potentially influencing factors of patients’ financial burden for hospital on PPP model were chosen from the above policy. The five-year (2007‒2011) data for the above 29 indicators come from statistic department of hospital on PPP model. Grey relational analysis (GRA) was applied to analyze the influencing factors of patients’ financial burden for hospital on PPP model.

A clear rank of influencing factors of patients’ financial burden is obtained and suggestions are provided from results of GRA, which provide reference for policymakers of hospital on PPP model. The five main influencing factors of patients’ financial burden for hospital on PPP model, in sequence, are rescuing critical ill patients on emergency, rescuing critical ill inpatients, inpatient bed occupancy rate, working days per bed and medical building area.

The study on the influencing factors of patients’ financial burden for hospital on PPP model not only provides decision-making for policymaker of hospital and controlling of medical expenditure but also contributes to release patients’ financial burden for hospitals on PPP model.