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Book part
Publication date: 15 December 1998

J.D. Addison and B.G. Heydecker

This paper investigates the temporal inflow profile that minimises the total cost of travel for a single route. The problem is formulated to consider the case in which the total…

Abstract

This paper investigates the temporal inflow profile that minimises the total cost of travel for a single route. The problem is formulated to consider the case in which the total demand to be serviced is fixed. The approach used here is a direct calculation of the first order variation of total system cost with respect to variations in the inflow profile. Two traffic models are considered; the bottleneck with deterministic queue and the kinematic wave model. For the bottleneck model a known solution is recovered. The wave model proves more difficult and after eliminating the possibility of a smooth inflow profile the restricted case of constant inflow is solved. As the space of possible profiles is finite dimensional in this case, the standard techniques of calculus apply. We establish a pair of equations that are satisfied simultaneously by the optimal inflow and time of first departure.

Details

Mathematics in Transport Planning and Control
Type: Book
ISBN: 978-0-08-043430-8

Article
Publication date: 10 May 2024

Ye Li, Chengyun Wang and Junjuan Liu

In this essay, a new NDAGM(1,N,α) power model is recommended to resolve the hassle of the distinction between old and new information, and the complicated nonlinear traits between…

Abstract

Purpose

In this essay, a new NDAGM(1,N,α) power model is recommended to resolve the hassle of the distinction between old and new information, and the complicated nonlinear traits between sequences in real behavior systems.

Design/methodology/approach

Firstly, the correlation aspect sequence is screened via a grey integrated correlation degree, and the damped cumulative generating operator and power index are introduced to define the new model. Then the non-structural parameters are optimized through the genetic algorithm. Finally, the pattern is utilized for the prediction of China’s natural gas consumption, and in contrast with other models.

Findings

By altering the unknown parameters of the model, theoretical deduction has been carried out on the newly constructed model. It has been discovered that the new model can be interchanged with the traditional grey model, indicating that the model proposed in this article possesses strong compatibility. In the case study, the NDAGM(1,N,α) power model demonstrates superior integrated performance compared to the benchmark models, which indirectly reflects the model’s heightened sensitivity to disparities between new and old information, as well as its ability to handle complex linear issues.

Practical implications

This paper provides a scientifically valid forecast model for predicting natural gas consumption. The forecast results can offer a theoretical foundation for the formulation of national strategies and related policies regarding natural gas import and export.

Originality/value

The primary contribution of this article is the proposition of a grey multivariate prediction model, which accommodates both new and historical information and is applicable to complex nonlinear scenarios. In addition, the predictive performance of the model has been enhanced by employing a genetic algorithm to search for the optimal power exponent.

Details

Grey Systems: Theory and Application, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 1 October 2003

Mohammed B. Hemraj

Analyses the emergence of tortious liability on solicitors and the damages awarded against them for negligence in preparing wills, ie testamentary disposition, when this causes…

Abstract

Analyses the emergence of tortious liability on solicitors and the damages awarded against them for negligence in preparing wills, ie testamentary disposition, when this causes losses to beneficiaries recognisable in law; it is no longer the case that actions by clients against solicitors are always for breach of contract. Traces how negligence has been established as an independent tort, and shows how absence of privity does not debar a claim. Discusses the landmark case of Ross v Caunters, which showed that liability could be to a third party, ie the beneficiary of a will that was made void by solicitor negligence; discusses how the duty of care was ascertained in this and other cases. Outlines the control mechanisms that a third party has to prove before a court decides that a solicitor is liable: reliance on the solicitor, whether there is a causal link between negligence and loss, proximity and foreseeability; there is also the concept of fair, just and reasonable. Covers lastly the issues of unjust enrichment of unintended beneficiaries, professional indemnity insurance, social policy objectives for awarding damages, and the bounds of liability.

Details

Journal of Financial Crime, vol. 10 no. 4
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 24 April 2024

Jiayi Sun

This study aims to investigate the most effective approach for governments and enterprises to combat desertification by considering the governance cycle. The focus is on…

Abstract

Purpose

This study aims to investigate the most effective approach for governments and enterprises to combat desertification by considering the governance cycle. The focus is on understanding how the government can incentivize enterprises to actively engage in desertification combat efforts.

Design/methodology/approach

Both the government and the enterprise are treated as rational entities, making strategic choices for joint participation in combating desertification. Recognizing the dynamic nature of the desertification combat area, differential game models are employed to identify the optimal mode for combating desertification.

Findings

The findings underscore the significant influence of the governance cycle duration on the selection of desertification combat modes for government and enterprise. A cooperative mode is best suited to a short governance cycle, while an ecological subsidy mode is optimal for a longer cycle. Enhancing governance technology and shortening the governance cycle are conducive to combating desertification. Reducing taxes alone may not be an effective control strategy; rather, the government can better motivate enterprises by adopting tax rate policies aligned with the chosen governance mode.

Originality/value

This research contributes by elucidating the impact mechanism of the government cycle’s length on the desertification combat process. The results may offer valuable insights for governments in formulating strategies to encourage corporate participation in combating desertification and provide theoretical support for selecting optimal desertification combat modes.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 16 April 2024

Richard Tarpey, Jinfeng Yue, Yong Zha and Jiahong Zhang

The importance of service firms cooperating with digital platforms is widely acknowledged. The authors study three contractual relationships (fixed-cost, cost-sharing, and…

Abstract

Purpose

The importance of service firms cooperating with digital platforms is widely acknowledged. The authors study three contractual relationships (fixed-cost, cost-sharing, and profit-sharing) between service firms (specifically hotels) and digital platforms in a highly fragmented service supply chain to examine which of these contract types optimizes profits.

Design/methodology/approach

The authors extend prior models analyzing the optimal expected total profit from the travel service firm (hotel)–digital platform relationship, providing new insights into each contract type’s ability to coordinate decentralized systems and optimize profits for both parties.

Findings

This study finds that fixed cost contracts cannot coordinate the decentralized system. Cost-sharing contracts can coordinate the decentralized system but only allow one channel profit split. In contrast, profit-sharing contracts may not always perfectly coordinate the decentralized system but support alternative profit allocations. Practically, both profit-sharing and cost-sharing contracts are preferable to fixed-cost contracts.

Practical implications

The paper includes implications for travel service firm managers to consider when structuring contracts with digital platforms to focus on profit optimization. Profit-sharing contracts are most preferable when cost and revenue data are fully shared between parties, while cost-sharing contracts are preferable over fixed-cost contracts.

Originality/value

This study extends prior investigations into the utility of different contract types on the optimal profit of a travel service firm (hotel)-digital platform provider relationship. The research fills a gap in the literature concerning the contracts used in these relationship types.

Details

Journal of Service Theory and Practice, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2055-6225

Keywords

Open Access
Article
Publication date: 19 April 2024

Bong-Gyu Jang and Hyeng Keun Koo

We present an approach for pricing American put options with a regime-switching volatility. Our method reveals that the option price can be expressed as the sum of two components…

Abstract

We present an approach for pricing American put options with a regime-switching volatility. Our method reveals that the option price can be expressed as the sum of two components: the price of a European put option and the premium associated with the early exercise privilege. Our analysis demonstrates that, under these conditions, the perpetual put option consistently commands a higher price during periods of high volatility compared to those of low volatility. Moreover, we establish that the optimal exercise boundary is lower in high-volatility regimes than in low-volatility regimes. Additionally, we develop an analytical framework to describe American puts with an Erlang-distributed random-time horizon, which allows us to propose a numerical technique for approximating the value of American puts with finite expiry. We also show that a combined approach involving randomization and Richardson extrapolation can be a robust numerical algorithm for estimating American put prices with finite expiry.

Details

Journal of Derivatives and Quantitative Studies: 선물연구, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1229-988X

Keywords

Article
Publication date: 23 April 2024

Yong Liu, Xue-ge Guo, Qin Jiang and Jing-yi Zhang

We attempt to construct a grey three-way conflict analysis model with constraints to deal with correlated conflict problems with uncertain information.

Abstract

Purpose

We attempt to construct a grey three-way conflict analysis model with constraints to deal with correlated conflict problems with uncertain information.

Design/methodology/approach

In order to address these correlated conflict problems with uncertain information, considering the interactive influence and mutual restraints among agents and portraying their attitudes toward the conflict issues, we utilize grey numbers and three-way decisions to propose a grey three-way conflict analysis model with constraints. Firstly, based on the collected information, we introduced grey theory, calculated the degree of conflict between agents and then analyzed the conflict alliance based on the three-way decision theory. Finally, we designed a feedback mechanism to identify key agents and key conflict issues. A case verifies the effectiveness and practicability of the proposed model.

Findings

The results show that the proposed model can portray their attitudes toward conflict issues and effectively extract conflict-related information.

Originality/value

By employing this approach, we can provide the answers to Deja’s fundamental questions regarding Pawlak’s conflict analysis: “what are the underlying causes of conflict?” and “how can a viable consensus strategy be identified?”

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 5 April 2024

Yiwei Zhang, Daochun Li, Zi Kan, Zhuoer Yao and Jinwu Xiang

This paper aims to propose a novel control scheme and offer a control parameter optimizer to achieve better automatic carrier landing. Carrier landing is a challenging work…

Abstract

Purpose

This paper aims to propose a novel control scheme and offer a control parameter optimizer to achieve better automatic carrier landing. Carrier landing is a challenging work because of the severe sea conditions, high demand for accuracy and non-linearity and maneuvering coupling of the aircraft. Consequently, the automatic carrier landing system raises the need for a control scheme that combines high robustness, rapidity and accuracy. In addition, to exploit the capability of the proposed control scheme and alleviate the difficulty of manual parameter tuning, a control parameter optimizer is constructed.

Design/methodology/approach

A novel reference model is constructed by considering the desired state and the actual state as constrained generalized relative motion, which works as a virtual terminal spring-damper system. An improved particle swarm optimization algorithm with dynamic boundary adjustment and Pareto set analysis is introduced to optimize the control parameters.

Findings

The control parameter optimizer makes it efficient and effective to obtain well-tuned control parameters. Furthermore, the proposed control scheme with the optimized parameters can achieve safe carrier landings under various severe sea conditions.

Originality/value

The proposed control scheme shows stronger robustness, accuracy and rapidity than sliding-mode control and Proportion-integration-differentiation (PID). Also, the small number and efficiency of control parameters make this paper realize the first simultaneous optimization of all control parameters in the field of flight control.

Details

Aircraft Engineering and Aerospace Technology, vol. 96 no. 3
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 29 March 2024

Bingbing Qi, Lijun Xu and Xiaogang Liu

The purpose of this paper is to exploit the multiple-Toeplitz matrices reconstruction method combined with quadratic spatial smoothing processing to improve the…

Abstract

Purpose

The purpose of this paper is to exploit the multiple-Toeplitz matrices reconstruction method combined with quadratic spatial smoothing processing to improve the direction-of-arrival (DOA) estimation performance of coherent signals at low signal-to-noise ratio (SNRs).

Design/methodology/approach

An improved multiple-Toeplitz matrices reconstruction method is proposed via quadratic spatial smoothing processing. Our proposed method takes advantage of the available information contained in the auto-covariance matrices of individual Toeplitz matrices and the cross-covariance matrices of different Toeplitz matrices, which results in a higher noise suppression ability.

Findings

Theoretical analysis and simulation results show that, compared with the existing Toeplitz matrix processing methods, the proposed method improves the DOA estimation performance in cases with a low SNR. Especially for the cases with a low SNR and small snapshot number as well as with closely spaced sources, the proposed method can achieve much better performance on estimation accuracy and resolution probability.

Research limitations/implications

The study investigates the possibility of reusing pre-existing designs for the DOA estimation of the coherent signals. The proposed technique enables achieve good estimation performance at low SNRs.

Practical implications

The paper includes implications for the DOA problem at low SNRs in communication systems.

Originality/value

The proposed method proved to be useful for the DOA estimation at low SNR.

Details

Engineering Computations, vol. 41 no. 2
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 19 February 2024

Xiang Shen, Kai Zeng, Liming Yang, Chengyong Zhu and Laurent Dala

This paper aims to study passive control techniques for transonic flow over a backward-facing step (BFS) using square-lobed trailing edges. The study investigates the efficacy of…

Abstract

Purpose

This paper aims to study passive control techniques for transonic flow over a backward-facing step (BFS) using square-lobed trailing edges. The study investigates the efficacy of upward and downward lobe patterns, different lobe widths and deflection angles on flow separation, aiming for a deeper understanding of the flow physics behind the passive flow control system.

Design/methodology/approach

Large Eddy Simulation and Reynolds-averaged Navier–Stokes were used to evaluate the results of the study. The research explores the impact of upward and downward patterns of lobes on flow separation through the effects of different lobe widths and deflection angles. Numerical methods are used to analyse the behaviour of transonic flow over BFS and compared it to existing experimental results.

Findings

The square-lobed trailing edges significantly enhance the reduction of mean reattachment length by up to 80%. At Ma = 0.8, the up-downward configuration demonstrates increased effectiveness in reducing the root mean square of pressure fluctuations at a proximity of 5-step height in the wake region, with a reduction of 50%, while the flat-downward configuration proves to be more efficient in reducing the root mean square of pressure fluctuations at a proximity of 1-step height in the near wake region, achieving a reduction of 71%. Furthermore, the study shows that the up-downward configuration triggers early spanwise velocity fluctuations, whereas the standalone flat-downward configuration displays less intense crosswise velocity fluctuations within the wake region.

Practical implications

The findings demonstrate the effectiveness of square-lobed trailing edges as passive control techniques, showing significant implications for improving efficiency, performance and safety of the design in aerospace and industrial systems.

Originality/value

This paper demonstrates that the square-lobed trailing edges are effective in reducing the mean reattachment length and pressure fluctuations in transonic conditions. The study evaluates the efficacy of different configurations, deflection angles and lobe widths on flow and provides insights into the flow physics of passive flow control systems.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0961-5539

Keywords

1 – 10 of over 314000