Jian Guo, Junlin Chen and Yujie Xie
This paper explores the impact of both government subsidies and decision makers' loss-averse behavior on the determination of transportation build-operate-transfer (BOT…
Abstract
Purpose
This paper explores the impact of both government subsidies and decision makers' loss-averse behavior on the determination of transportation build-operate-transfer (BOT) concession periods based on cumulative prospect theory (CPT). The prospect value of a transportation project under traffic risk can be formulated according to the value function for gains and losses and the decision weight for gains and losses. As an extra income for investors, government subsidy is designed for highly risky aspects of BOT transportation projects: uncertain initial traffic volumes and fluctuating growth rates.
Design/methodology/approach
A decision-making model determining the concession period of a transportation BOT project is proposed by using the Monte-Carlo simulation method based on CPT, and the effects of risky behaviors of private investors on concession period decision making are analyzed. A subsidy method related to the internal rate-of-return (IRR) corresponding to a specific initial traffic volume and growth rate is proposed. The case of an actual BOT highway project is examined to illustrate how the method proposed can be used to determine the concession period of a transportation BOT project considering decision makers' loss-averse behavior and government subsidy. Contingency analysis is discussed to cope with possible misestimating of key factors such as initial traffic volume and cost coefficients. Sensitivity analysis is employed to investigate the impact of CPT parameters on the concession period decisions. An actual BOT case which failed to attract private capital is introduced to show the practical application. The results are then interpreted to conclude this paper.
Findings
Based on comparisons drawn between a concession period decision-making model considering the psychological behaviors of decision makers and a model not considering them, the authors conclude that the concession period based on CPT is distinctly different from that of the loss-neutral model. The concession period based on CPT is longer than the loss-neutral concession period. That is, loss-averse private investors tend to ask for long concession periods to make up for losses they will face in the future. Government subsidies serve as extra income for investors, allowing appointed profits to be secured sooner. For the benefit side of contingency variables, the normal state of initial traffic volume, average annual traffic growth rate and bias degree and the government subsidy need to be paid close attention during the project life span. For the cost side of contingency variables, the annual operating cost variable has a significant impact on the length of predicted concession period, while the large-scale cost variable has minor impact.
Originality/value
With an actual BOT highway project, the determination of transportation BOT concession periods based on the psychological behaviors of decision makers is analyzed in this paper. As the psychological behaviors of decision makers heavily impact the decision-making process, the authors analyze their impacts on concession period decision making. Government subsidy is specifically designed for various states of initial traffic volume and fluctuating growth rates to cope with corresponding high risks and mitigate private investors' loss-averse behaviors. Contingency analysis and sensitivity analysis are discussed as the estimated values of parameters may not be authentic in actual situations.
Details
Keywords
Jinzhou Li, Jie Ma, Yujie Hu, Li Zhang, Zhijie Liu and Shiying Sun
This study aims to tackle control challenges in soft robots by proposing a visually-guided reinforcement learning approach. Precise tip trajectory tracking is achieved for a soft…
Abstract
Purpose
This study aims to tackle control challenges in soft robots by proposing a visually-guided reinforcement learning approach. Precise tip trajectory tracking is achieved for a soft arm manipulator.
Design/methodology/approach
A closed-loop control strategy uses deep learning-powered perception and model-free reinforcement learning. Visual feedback detects the arm’s tip while efficient policy search is conducted via interactive sample collection.
Findings
Physical experiments demonstrate a soft arm successfully transporting objects by learning coordinated actuation policies guided by visual observations, without analytical models.
Research limitations/implications
Constraints potentially include simulator gaps and dynamical variations. Future work will focus on enhancing adaptation capabilities.
Practical implications
By eliminating assumptions on precise analytical models or instrumentation requirements, the proposed data-driven framework offers a practical solution for real-world control challenges in soft systems.
Originality/value
This research provides an effective methodology integrating robust machine perception and learning for intelligent autonomous control of soft robots with complex morphologies.
Details
Keywords
Quan Yuan, Ning Li, Yujie Li and Junhua Hao
The purpose of this paper is to study the corrosion behavior of 316L stainless steel under cavitation condition in simulated seawater.
Abstract
Purpose
The purpose of this paper is to study the corrosion behavior of 316L stainless steel under cavitation condition in simulated seawater.
Design/methodology/approach
Electrochemical impedance spectroscopy and electrochemical noise analyses are used to characterize the electrochemical process during the cavitation erosion process.
Findings
Because of good corrosion resistance of this material, mechanical damage is the main cause of cavitation erosion. The alloy surface is in active dissolution state during the cavitation erosion process, and the corrosion rate is accelerated as time prolongs which is verified by electrochemical results.
Originality/value
Electrochemical noise is an effective way to study the corrosion under cavitation erosion process.
Details
Keywords
Rui Dan, Yujie Zheng, ZhiQin Liu and Zhen Shi
The inward displacement perpendicular to the body surface produced by compression garment is an important index to evaluate pressure comfort and optimal design of tight clothing…
Abstract
Purpose
The inward displacement perpendicular to the body surface produced by compression garment is an important index to evaluate pressure comfort and optimal design of tight clothing products. The purpose of this study is to explore the pressure distribution state at waist position of elastic legwear and then to solve the common problem of excessive pressure or easy slippage for waist of elastic legwear.
Design/methodology/approach
In this paper, the authors obtained the waist cross-section model of human body using CT scanning and mimics modeling and then simulated the pressure and displacement distribution after wearing sample four elastic legwear using finite element method. The dressing process of elastic legwear was divided into six periods (instantaneous, 1, 2, 4, 8 and 12 h) in this study, and the finite element software ANSYS was used to simulate the displacement and deformation of the waist cross section. The authors finally obtained the functional relationship between pressure/displacement ratio and angle using curve fitting.
Findings
In this paper, the authors obtained the functional relationship between pressure/displacement ratio and angle using curve fitting. Comparison found that the “pressure/displacement–angle” function curve showed an almost consistent trend at any time. That was to say, when the human body was in the state of clothing pressure, the corresponding displacement value of the human body can be calculated by the curve equation under the premise of known pressure value.
Originality/value
This study solves the difficult problem which hard to measure displacement values by conventional methods due to the small deformation of the human body after dressing the compression garment. Conclusions also provide a theoretical reference for evaluating pressure comfort and optimizing clothing structure for the elastic legwear, and this method is also applicable to other types of compression garment.
Details
Keywords
Suling Zhu, Min Li, Yujie Shi, Qinnan Weng, Bowen Liu and Zhenhua Zhang
To maximize health synergistic benefits and provide a scientific foundation for enhancing air pollution control policies, this research proposed a causal inference framework with…
Abstract
Purpose
To maximize health synergistic benefits and provide a scientific foundation for enhancing air pollution control policies, this research proposed a causal inference framework with a decomposition ensemble prediction model for comprehensive policy assessment.
Design/methodology/approach
We introduced the CD-OASVR-Ensemble-CC method, a policy assessment approach that combined machine learning-based decomposition ensemble prediction (CD-OASVR-Ensemble) with counterfactual contrast (CC) analysis. The CD-OASVR-Ensemble model incorporated support vector regression (SVR) optimized through swarm intelligent optimization algorithms (OA), complete ensemble empirical model decomposition of adaptive noise (CD) and a linear ensemble model (Ensemble). This approach was applied to analyze patterns in historical PM2.5 data and predict the future trend. The predicted PM2.5 served as a counterfactual trend, enabling an evaluation of the policy’s environmental and health effects.
Findings
Analysis of prediction errors confirmed the proposed CD-OASVR-Ensemble model’s accuracy and robustness in predicting PM2.5 levels. The findings indicated that the implementation of “Regulation 2019” led to a significant reduction in PM2.5 concentration, preventing an estimated 7,960 premature deaths and saving approximately 2,602.95 m yuan in health-related economic costs.
Originality/value
This study introduces an innovative framework for evaluating the environmental effect of policies, with a specific emphasis on health synergistic benefits.
Details
Keywords
He Huang, Weining Wang and Yujie Yin
This study aims to focus on the clothing recycling supply chain and aims to provide optimal decisions and managerial insights into supply chain strategies, thereby facilitating…
Abstract
Purpose
This study aims to focus on the clothing recycling supply chain and aims to provide optimal decisions and managerial insights into supply chain strategies, thereby facilitating the sustainable development of the clothing industry.
Design/methodology/approach
Based on previous single- and dual-channel studies, game theory was employed to analyze multiple recycling channels. Concurrently, clothing consumer types were integrated into the analytical models to observe their impact on supply chain strategies. Three market scenarios were modeled for comparative analysis, and numerical experiments were conducted.
Findings
The intervention of fashion retailers in the clothing recycling market has intensified competition across the entire market. The proportions of various consumer types, their preferences for online platforms and their preference for the retailer’s channel influence the optimal decisions and profits of supply chain members. The diversity of recycling channels may enhance the recycling volume of clothes; however, it should meet certain conditions.
Originality/value
This study extends the existing theory from a channel dimension by exploring multiple channels. Furthermore, by investigating the classifications of clothing consumers and their influence on supply chain strategies, the theory is enhanced from the consumer perspective.
Details
Keywords
This chapter presents a theoretical framework of the industrial relations (IR) system in China’s coal mining industry, combining the roles of management organizations, workers…
Abstract
This chapter presents a theoretical framework of the industrial relations (IR) system in China’s coal mining industry, combining the roles of management organizations, workers, and trade unions, as well as government agencies. It is one of the first empirical attempts to investigate the relationship between human resource (HR) practices, labor relations, and occupational safety in China’s coal mining industry over the past 60 years, based on the secondary data on coal mining accidents and case studies of two state-owned coal mines in a northern city in Anhui Province, China. The fluctuating occupational safety has been affected by government regulations over different time spans, marked by key political agendas, and by coal mining firms taking concrete measures to respond to these regulations, while exhibiting differing safety performance in state-owned versus township-and-village-owned mines. The field studies compared a safety-oriented to a cost-control-oriented HR and labor relations system, and their influences on safety performance. Coal mining firms and practitioners are advised to shift the traditional personnel management paradigm to a modern HR management system. In addition, although workers are often blamed directly for accidents, it is suggested that workers’ participation and voice in various processes of decision-making and policy implementation, and trade unions’ active involvement in protecting workers from occupational hazards, be encouraged.
Details
Keywords
Yuge Dong, Yujie Yang, Lu Zheng and Lirong Long
Mentor secure-base support, characterized as mentor availability, noninterference and encouragement of growth, has important implications for newcomer socialization. Drawing on…
Abstract
Purpose
Mentor secure-base support, characterized as mentor availability, noninterference and encouragement of growth, has important implications for newcomer socialization. Drawing on attachment theory, this paper aims to examine the relationship between mentor secure-base support and newcomers' workplace courage.
Design/methodology/approach
Data were collected at three time points with a new police officer sample (n = 124). A cross-lagged panel design was used to test the hypotheses.
Findings
Mentor secure-base support is causally precedent to newcomers' workplace courage, whereas the reverse relationship from workplace courage to mentor secure-base support was not held.
Practical implications
To help newcomers integrate into their organization and enhance their workplace courage, organizations should actively promote and foster mentoring relationships in which mentors can provide a secure base for mentees.
Originality/value
The authors' findings support that newcomers' workplace courage can be cultivated by mentor secure-base support. It provides insight for organizations to explore workplace courage development for newcomers.
Details
Keywords
Weihua Liu, Xiaoyu Yan, Cheng Si, Dong Xie and Jingkun Wang
The purpose of this study is to examine the impact of the implementation of supply chain strategic collaboration (SCSC) on companies’ operating performance.
Abstract
Purpose
The purpose of this study is to examine the impact of the implementation of supply chain strategic collaboration (SCSC) on companies’ operating performance.
Design/methodology/approach
Based on 181 SCSC announcements of listed companies in China, this study analyzes changes in the operating performance of the sample companies in the 20 quarters after the announcement. The changes in different operating performance metrics for the sample firms are compared against their metrics before the announcement. This study uses a self-control model based on historical performance and uses a combination of adjustment percentage changes and adjustment level changes to measure performance changes.
Findings
SCSC helps to improve firm operating performance, although this effect is only evident after two years. Companies that collaborate on product development have better performance improvements than do companies that implement market collaboration. The operating performance of buyer companies is better than that of supplier companies. Finally, strategic collaboration in the service supply chain improves performance more than that in the manufacturing supply chain.
Practical implications
The finding that company performance varies in different situations can help managers better understand and manage SCSC.
Originality/value
This study newly uses secondary data to assess changes in companies’ operating performance brought about by the implementation of SCSC.
Details
Keywords
Weihua Liu, Jiahe Hou, Yujie Wang and Ou Tang
Drawing on the stakeholder theory, this study aims to empirically analyse the impact of platform enterprises’ corporate social responsibility (CSR) announcements on corporate…
Abstract
Purpose
Drawing on the stakeholder theory, this study aims to empirically analyse the impact of platform enterprises’ corporate social responsibility (CSR) announcements on corporate stock market value. This study also estimates the moderating effect of stakeholder orientation and responsibility categories of CSR announcements, the platform enterprise type and the degree of CSR disclosure.
Design/methodology/approach
The event study method is used to analyse the change in stock market value of 191 CSR announcements from 137 Chinese platform enterprises. In addition, a case analysis is presented for two platform enterprises with the best practices to validate and complement study findings.
Findings
CSR announcements improve platform enterprises’ stock market value. Specifically, CSR announcements responding to platform enterprises’ external stakeholders, and CSR announcements with economic responsibility, have obvious positive impacts on stock market value. Furthermore, the maker platform’s CSR announcement has a more positive impact on stock market value than the exchange platform.
Originality/value
To the best of the authors’ knowledge, this study is the first attempt to identify the link between platform enterprises’ CSR announcements and stock market performance by empirical evidence, and it contributes to new knowledge of operating and evaluating platform enterprises’ CSR.