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Open Access
Article
Publication date: 12 January 2024

Patrik Jonsson, Johan Öhlin, Hafez Shurrab, Johan Bystedt, Azam Sheikh Muhammad and Vilhelm Verendel

This study aims to explore and empirically test variables influencing material delivery schedule inaccuracies?

1766

Abstract

Purpose

This study aims to explore and empirically test variables influencing material delivery schedule inaccuracies?

Design/methodology/approach

A mixed-method case approach is applied. Explanatory variables are identified from the literature and explored in a qualitative analysis at an automotive original equipment manufacturer. Using logistic regression and random forest classification models, quantitative data (historical schedule transactions and internal data) enables the testing of the predictive difference of variables under various planning horizons and inaccuracy levels.

Findings

The effects on delivery schedule inaccuracies are contingent on a decoupling point, and a variable may have a combined amplifying (complexity generating) and stabilizing (complexity absorbing) moderating effect. Product complexity variables are significant regardless of the time horizon, and the item’s order life cycle is a significant variable with predictive differences that vary. Decoupling management is identified as a mechanism for generating complexity absorption capabilities contributing to delivery schedule accuracy.

Practical implications

The findings provide guidelines for exploring and finding patterns in specific variables to improve material delivery schedule inaccuracies and input into predictive forecasting models.

Originality/value

The findings contribute to explaining material delivery schedule variations, identifying potential root causes and moderators, empirically testing and validating effects and conceptualizing features that cause and moderate inaccuracies in relation to decoupling management and complexity theory literature?

Details

International Journal of Operations & Production Management, vol. 44 no. 13
Type: Research Article
ISSN: 0144-3577

Keywords

Open Access
Article
Publication date: 30 January 2024

Christina Anderl and Guglielmo Maria Caporale

The article aims to establish whether the degree of aversion to inflation and the responsiveness to deviations from potential output have changed over time.

Abstract

Purpose

The article aims to establish whether the degree of aversion to inflation and the responsiveness to deviations from potential output have changed over time.

Design/methodology/approach

This paper assesses time variation in monetary policy rules by applying a time-varying parameter generalised methods of moments (TVP-GMM) framework.

Findings

Using monthly data until December 2022 for five inflation targeting countries (the UK, Canada, Australia, New Zealand, Sweden) and five countries with alternative monetary regimes (the US, Japan, Denmark, the Euro Area, Switzerland), we find that monetary policy has become more averse to inflation and more responsive to the output gap in both sets of countries over time. In particular, there has been a clear shift in inflation targeting countries towards a more hawkish stance on inflation since the adoption of this regime and a greater response to both inflation and the output gap in most countries after the global financial crisis, which indicates a stronger reliance on monetary rules to stabilise the economy in recent years. It also appears that inflation targeting countries pay greater attention to the exchange rate pass-through channel when setting interest rates. Finally, monetary surprises do not seem to be an important determinant of the evolution over time of the Taylor rule parameters, which suggests a high degree of monetary policy transparency in the countries under examination.

Originality/value

It provides new evidence on changes over time in monetary policy rules.

Details

Journal of Economic Studies, vol. 51 no. 9
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 7 November 2024

Elyas Baboli Nezhadi, Mojtaba Labibzadeh, Farhad Hosseinlou and Majid Khayat

In this study, machine learning (ML) algorithms were employed to predict the shear capacity and behavior of DCSWs.

Abstract

Purpose

In this study, machine learning (ML) algorithms were employed to predict the shear capacity and behavior of DCSWs.

Design/methodology/approach

In this study, ML algorithms were employed to predict the shear capacity and behavior of DCSWs. Various ML techniques, including linear regression (LR), support vector machine (SVM), decision tree (DT), random forest (RF), extreme gradient boosting (XGBoost) and artificial neural network (ANN), were utilized. The ML models were trained using a dataset of 462 numerical and experimental samples. Numerical models were generated and analyzed using the finite element (FE) software Abaqus. These models underwent push-over analysis, subjecting them to pure shear conditions by applying a target displacement solely to the top of the shear walls without interaction from a frame. The input data encompassed eight survey variables: geometric values and material types. The characterization of input FE data was randomly generated within a logical range for each variable. The training and testing phases employed 90 and 10% of the data, respectively. The trained models predicted two output targets: the shear capacity of DCSWs and the likelihood of buckling. Accurate predictions in these areas contribute to the efficient lateral enhancement of structures. An ensemble method was employed to enhance capacity prediction accuracy, incorporating select algorithms.

Findings

The proposed model achieved a remarkable 98% R-score for estimating shear strength and a corresponding 98% accuracy in predicting buckling occurrences. Among all the algorithms tested, XGBoost demonstrated the best performance.

Originality/value

In this study, for the first time, ML algorithms were employed to predict the shear capacity and behavior of DCSWs.

Details

International Journal of Structural Integrity, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-9864

Keywords

Open Access
Article
Publication date: 30 October 2023

Guido Migliaccio and Andrea De Palma

This study illustrates the economic and financial dynamics of the sector, analysing the evolution of the main ratios of profitability and financial structure of 1,559 Italian real…

2732

Abstract

Purpose

This study illustrates the economic and financial dynamics of the sector, analysing the evolution of the main ratios of profitability and financial structure of 1,559 Italian real estate companies divided into the three macro-regions: North, Centre and South, in the period 2011–2020. In this way, it is also possible to verify the responsiveness to the 2020 pandemic crisis.

Design/methodology/approach

The analysis uses descriptive statistics tools and the ANOVA method of analysis of variance, supplemented by the Tukey–Kramer test, to identify significant differences between the three Italian macro-regions.

Findings

The study shows the increase in profitability after the 2008 crisis, despite its reverberation in the years 2012–2013. The financial structure of companies improved almost everywhere. The pandemic had modest effects on performance.

Research limitations/implications

In the future, other indices should be considered to gain a more comprehensive view. This is a quantitative study based on financial statements data that neglects other important economic and social factors.

Practical implications

Public policies could use this study for better interventions to support the sector. In addition, internal management can compare their company's performance with the industry average to identify possible improvements.

Social implications

The research analyses an economic field that employs a large number of people, especially when considering the construction and real estate services covered by this analysis.

Originality/value

The study contributes to the literature by providing a quantitative analysis of industry dynamics, with comparative information that can be deduced from financial statements over the years.

Details

International Journal of Productivity and Performance Management, vol. 73 no. 11
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 22 August 2024

Dacio Villarreal-Samaniego

This research aims to examine the time-varying behavior of the Weekend, Turn-of-the-Month, January, and Halloween effects in eight foreign exchange rates against the U.S. dollar…

Abstract

Purpose

This research aims to examine the time-varying behavior of the Weekend, Turn-of-the-Month, January, and Halloween effects in eight foreign exchange rates against the U.S. dollar from the Adaptive Market Hypothesis (AMH) perspective. It also explores whether these anomalies can generate excess returns compared to a buy-and-hold strategy.

Design/methodology/approach

Using daily return data from January 2004 to December 2023 in a rolling-window framework, the study employs the Concordance Coefficient test and AR-GARCH models to assess the time-varying behavior of four calendar anomalies. It also assesses the statistical significance of the trading strategies implied by these anomalies using t-tests and applies F-tests for subperiod analysis.

Findings

The results reveal a generalized time-varying presence of calendar anomalies in emerging currencies and, to a lesser extent, developed currencies. However, the trading strategies implied by these anomalies generally did not show statistical significance, except for the Turn-of-the-Month effect, which exhibited statistically significant unprofitability.

Originality/value

The study pioneers an analysis of five calendar anomalies across various currencies from the standpoint of the AMH and proposes case-specific explanations for their occurrence. It also examines the potential for the anomalies’ implied trading strategies to generate excess returns compared to a straightforward buy-and-hold strategy. Additionally, the study introduces the recently developed Concordance Coefficient test as a valuable alternative to other non-parametric methods.

Details

Managerial Finance, vol. 50 no. 11
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 7 November 2024

Abubakar Sadiq Ismail, Zhihong Nie, Abdulaziz Ahmad, Shamshad Ali and Rengui Lai

This paper investigates the vibration compaction mechanism and evaluates the impact of vibration frequencies on the stability of coarse-grained soil, aiming to optimize the…

Abstract

Purpose

This paper investigates the vibration compaction mechanism and evaluates the impact of vibration frequencies on the stability of coarse-grained soil, aiming to optimize the subgrade filling process.

Design/methodology/approach

This study examines the vibratory compaction behavior of coarse-grained soils through indoor vibration tests and discrete element simulations. Focusing on angular gravel (breccias) of varying sizes, the simulations were calibrated using parameters such as Young’s modulus, restitution and friction coefficients. The analysis highlights how particle shape influences compaction, revealing mesoscopic mechanisms that drive macroscopic compaction outcomes.

Findings

This study investigates the influence of vibration frequency on the compaction behavior of coarse-grained soils using discrete element simulation. By analyzing particle contact and motion, the mesoscopic mechanisms driving compaction are explored. The study establishes a positive linear correlation between contact force anisotropy (Cv) and deformation, demonstrating that higher anisotropy leads to greater structural disruption. Additionally, the increase in sliding contact percentage (SCP) at higher frequencies indicates instability in the skeletal structure, driven by uneven contact force distribution. These findings reveal how frequency-induced stress concentration affects the stability and deformation of the soil skeleton.

Originality/value

This research explores the effect of various vibration frequencies on the compaction behavior of coarse-grained soils, examining microscopic interactions to reveal their impact on soil stability and deformation.

Details

Engineering Computations, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0264-4401

Keywords

Open Access
Article
Publication date: 8 November 2024

Kansuda Pankwaen, Woraphon Yamaka and Paravee Maneejuk

The primary purpose of this study is to explore the effects of demographic transition toward aging populations on the performance of stock market indices across various economic…

Abstract

Purpose

The primary purpose of this study is to explore the effects of demographic transition toward aging populations on the performance of stock market indices across various economic developments. The research aims to provide valuable insights into the life-cycle hypothesis on savings patterns, investment behavior and the potential reverberations on global financial markets.

Design/methodology/approach

The study adopts a comprehensive global perspective, scrutinizing the effects of aging populations on stock market indices across developed, developing and transitional economies through the panel data analysis. Using annual data spanning the period from 1991 to 2020, encompassing a sample of 10 countries from each economic development level, the study employs the panel autoregressive distributed lag (ARDL) model with fixed effect estimation.

Findings

The findings unveil a statistically significant positive impact of the elderly population proportion on global stock market indices. However, the magnitude and contours of this impact exhibit considerable heterogeneity across different country groups. Specifically, the study finds that while the aging population significantly influences stock market performance in developed nations, its effect is overshadowed by other economic factors, such as consumer price indices and interest rates, in developing countries and economies in transition.

Originality/value

The originality and value of this study lie in its comprehensive global perspective, which encompasses a diverse array of economies at varying developmental stages. The research contributes to an understanding of the effects of demographic transitions on stock market performance on a global scale. The insights derived from this study hold significant implications for policymakers, financial institutions and investors seeking to navigate the challenges and opportunities posed by aging societies in an increasingly interconnected global economy. Additionally, the findings highlight the need for specific strategies and policies that account for the unique economic characteristics and developmental stages of different nations.

Details

Asian Journal of Economics and Banking, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2615-9821

Keywords

Article
Publication date: 10 September 2024

Yu Feng, Shaolei Wu, Honglei Nie, Chaochao Peng and Wei Wang

The phenomenon of friction and wear in parallel groove clamps under wind vibration in 10 kV distribution networks represents a significant challenge that can lead to their…

Abstract

Purpose

The phenomenon of friction and wear in parallel groove clamps under wind vibration in 10 kV distribution networks represents a significant challenge that can lead to their failure. This study aims to elucidate the wear mechanism of parallel groove clamps under wind-induced vibration through simulation and experimentation.

Design/methodology/approach

FLUENT software was used to simulate the flow around the conductor and the parallel groove fixture, and the Karman vortex street phenomenon was discussed. The stress fluctuations of each component under breeze vibration conditions were investigated using ANSYS, and fretting experimentations were conducted at varying amplitudes.

Findings

The results demonstrate that the impact of breeze vibration on the internal stress of the parallel groove clamps is considerable. The maximum stress observed on the lower clamping block was found to be up to 300 MPa. As wind speed increased, the maximum vibration frequency was observed to reach 72.6 Hz. Concurrently, as the vibration amplitude increased, the damage in the contact zone of the lower clamping block also increased, with the maximum contact resistance reaching 78.0 µO at a vibration amplitude of 1.2 mm. This was accompanied by a shift in the wear mechanism from adhesive wear to oxidative wear and fatigue wear.

Originality/value

This study presents a comprehensive analysis of the fretting wear phenomenon associated with parallel groove clamps under wind vibration. The findings provide a reference basis for the design and protection of parallel groove clamps.

Details

Industrial Lubrication and Tribology, vol. 76 no. 9
Type: Research Article
ISSN: 0036-8792

Keywords

Open Access
Article
Publication date: 6 November 2024

Wessel M. Badenhorst

This paper investigates whether disclosure quality and a history of overpaying for acquisitions are associated with differences in the value-relevance of gains on bargain purchase…

Abstract

Purpose

This paper investigates whether disclosure quality and a history of overpaying for acquisitions are associated with differences in the value-relevance of gains on bargain purchase with high disclosure prominence.

Design/methodology/approach

Findings are from multivariate regression results, using a sample of firms listed in South Africa from 2010 to 2019, where a mandatory earnings reconciliation provides high disclosure prominence for gains on bargain purchase.

Findings

Given high disclosure prominence, disclosure quality is not associated with differences in the pricing of gains on bargain purchase. Instead, most gains on bargain purchase are priced as future losses (unrecognised liabilities). However, when a firm has a history of overpaying for acquisitions, gains on bargain purchase are priced as transitory economic gains.

Research limitations/implications

Further research is required to determine if overpaying for acquisitions similarly communicates the credibility of gains on bargain purchase when disclosure prominence is low.

Practical implications

Disclosure prominence can reduce disclosure processing costs and increase the value-relevance of complex acquisition accounting. High disclosure quality cannot compensate for a weak acquisition track record.

Originality/value

Findings deepen our understanding of the pricing of gains on bargain purchase. This paper presents empirical results that reconcile previously conflicting theoretical views of gains on bargain purchase (as unrecognised assets or as unrecognised liabilities), by shedding light on the role that a record of overpaying for acquisitions plays in the value-relevance of gains on bargain purchase.

Details

China Accounting and Finance Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1029-807X

Keywords

Open Access
Article
Publication date: 16 August 2024

Adela Socol and Iulia Cristina Iuga

This study aims to investigate the impact of brain drain on government AI readiness in EU member countries, considering the distinctive governance characteristics, macroeconomic…

Abstract

Purpose

This study aims to investigate the impact of brain drain on government AI readiness in EU member countries, considering the distinctive governance characteristics, macroeconomic conditions and varying levels of ICT specialists.

Design/methodology/approach

The research employs a dynamic panel data model using the System Generalized Method of Moments (GMM) to analyze the relationship between brain drain and government AI readiness from 2018 to 2022. The study incorporates various control variables such as GDP per capita growth, government expenditure growth, employed ICT specialists and several governance indicators.

Findings

The results indicate that brain drain negatively affects government AI readiness. Additionally, the presence of ICT specialists, robust governance structures and positive macroeconomic indicators such as GDP per capita growth and government expenditure growth positively influence AI readiness.

Research limitations/implications

Major limitations include the focus on a specific region of countries and the relatively short period analyzed. Future research could extend the analysis with more comprehensive datasets and consider additional variables that might influence AI readiness, such as the integration of AI with emerging quantum computing technologies and the impact of governance reforms and international collaborations on AI readiness.

Practical implications

The theoretical value of this study lies in providing a nuanced understanding of how brain drain impacts government AI readiness, emphasizing the critical roles of skilled human capital, effective governance and macroeconomic factors in enhancing AI capabilities, thereby filling a significant gap in the existing literature.

Originality/value

This research fills a significant gap in the existing literature by providing a comprehensive analysis of the interaction between brain drain and government AI readiness. It uses control variables such as ICT specialists, governance structures and macroeconomic factors within the context of the European Union. It offers novel insights for policymakers to enhance AI readiness through targeted interventions addressing brain drain and fostering a supportive environment for AI innovation.

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