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1 – 10 of over 3000Cheng-Wei Lin, Wan-Chi Jackie Hsu and Hui-Ju Su
The shipper selects a suitable shipping route and plans for a voyage in order to import and export cargo on the basis of published sailing schedules. The reliability of the…
Abstract
The shipper selects a suitable shipping route and plans for a voyage in order to import and export cargo on the basis of published sailing schedules. The reliability of the sailing schedule will influence the shipper’s logistics expense, which means that the logistics costs will depend on the reliability of schedules published by container shipping companies. Therefore, it is important to consider factors which can cause delays would for container ships sailing on sea routes. The reliability of published sailing schedules can be affected by a number of different factors. This study adopts the multi-criteria decision making (MCDM) method to estimate the importance of the delaying factors in a sailing schedule. In addition, the consistent fuzzy preference relations (CFPR) method is applied to identify the subjective importance (weights) of the delaying factors. The entropy weight method combined with the actual performance of the container shipping company are both used when estimating the objective importance (weights) of the delaying factors. According to the analysis results, the criteria can be divided into four quadrants with different management implications, which indicate that instructions for chase strategy, sailing schedule control, fleet allocation, transship operation arrangement and planning for ports in routes are often ignored by container shipping companies. Container shipping companies should consider adjusting their operational strategies, which would greatly improve their operational performance.
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Minyan Wei, Juntao Zheng, Shouzhen Zeng and Yun Jin
The main aim of this paper is to establish a reasonable and scientific evaluation index system to assess the high quality and full employment (HQaFE).
Abstract
Purpose
The main aim of this paper is to establish a reasonable and scientific evaluation index system to assess the high quality and full employment (HQaFE).
Design/methodology/approach
This paper uses a novel Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) multi-criteria framework to evaluate the quality and quantity of employment, wherein the integrated weights of attributes are determined by the combined the Criteria Importance Through Inter-criteria Correlation (CRITIC) and entropy approaches.
Findings
Firstly, the gap in the Yangtze River Delta in employment quality is narrowing year by year; secondly, employment skills as well as employment supply and demand are the primary indicators that determine the HQaFE; finally, the evaluation scores are clearly hierarchical, in the order of Shanghai, Jiangsu, Zhejiang and Anhui.
Originality/value
A scientific and reasonable evaluation index system is constructed. A novel CRITIC-entropy-TOPSIS evaluation is proposed to make the results more objective. Some policy recommendations that can promote the achievement of HQaFE are proposed.
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Lei Shao, Jiawei He, Xianjun Zeng, Hanjie Hu, Wenju Yang and Yang Peng
The purpose of this paper is to combine the entropy weight method with the cloud model and establish a fire risk assessment method for airborne lithium battery.
Abstract
Purpose
The purpose of this paper is to combine the entropy weight method with the cloud model and establish a fire risk assessment method for airborne lithium battery.
Design/methodology/approach
In this paper, the fire risk assessment index system is established by fully considering the influence of the operation process of airborne lithium battery. Then, the cloud model based on entropy weight improvement is used to analyze the indexes in the system, and the cloud image is output to discuss the risk status of airborne lithium batteries. Finally, the weight, expectation, entropy and hyperentropy are analyzed to provide risk prevention measures.
Findings
In the risk system, bad contact of charging port, mechanical extrusion and mechanical shock have the greatest impact on the fire risk of airborne lithium battery. The fire risk of natural factors is at a low level, but its instability is 25% higher than that of human risk cases and 150% higher than that of battery risk cases.
Practical implications
The method of this paper can evaluate any type of airborne lithium battery and provide theoretical support for airborne lithium battery safety management.
Originality/value
After the fire risk assessment is completed, the risk cases are ranked by entropy weight. By summarizing the rule, the proposed measures for each prevention level are given.
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Adrija Majumdar and Arnab Adhikari
In the context of sharing economy, the superhost program of Airbnb emerges as a phenomenal success story that has transformed the tourism industry and garnered humongous…
Abstract
Purpose
In the context of sharing economy, the superhost program of Airbnb emerges as a phenomenal success story that has transformed the tourism industry and garnered humongous popularity. Proper performance evaluation and classification of the superhosts are crucial to incentivize superhosts to maintain higher service quality. The main objective of this paper is to design an integrated multicriteria decision-making (MCDM) method-based performance evaluation and classification framework for the superhosts of Airbnb and to study the variation in various contextual factors such as price, number of listings and cancelation policy across the superhosts.
Design/methodology/approach
This work considers three weighting techniques, mean, entropy and CRITIC-based methods to determine the weights of factors. For each of the weighting techniques, an integrated TOPSIS-MOORA-based performance evaluation method and classification framework have been developed. The proposed methodology has been applied for the performance evaluation of the superhosts (7,308) of New York City using real data from Airbnb.
Findings
From the perspective of performance evaluation, the importance of devising an integrated methodology instead of adopting a single approach has been highlighted using a nonparametric Wilcoxon signed-rank test. As per the context-specific findings, it has been observed that the price and the number of listings are the highest for the superhosts in the topmost category.
Practical implications
The proposed methodology facilitates the design of a leaderboard to motivate service providers to perform better. Also, it can be applicable in other accommodation-sharing economy platforms and ride-sharing platforms.
Originality/value
This is the first work that proposes a performance evaluation and classification framework for the service providers of the sharing economy in the context of tourism industry.
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Nitin Sachdeva, Avinash K. Shrivastava and Ankur Chauhan
The problem of evaluating potential suppliers has always been based on finding an optimal tradeoff between supplier’s performance consistently meeting firms’ needs and acceptable…
Abstract
Purpose
The problem of evaluating potential suppliers has always been based on finding an optimal tradeoff between supplier’s performance consistently meeting firms’ needs and acceptable cost. The purpose of this paper is to propose a hybrid multi-criteria decision framework to quantify this qualitative judgment and reduce ambiguity in selection of suppliers in the era of Industry 4.0.
Design/methodology/approach
A hybrid intuitionistic fuzzy entropy weight-based multi-criteria decision model with TOPSIS is proposed. The authors make use of the intuitionistic fuzzy weighted approach operator for aggregating individual decision maker’s opinions regarding each alternative over every criterion. Additionally, the authors employ the concept of Shannon’s entropy to calculate the criteria weights.
Findings
Results obtained on the basis of the proposed hybrid methodology are analyzed against two more cases wherein the authors try to showcase the relevance of using IFS and entropy-based decision framework and find out the uniqueness of the proposed framework in supplier selection process.
Practical implications
The proposed model is apposite to solve management problem of supplier selection in two ways: aggregating individual decision maker’s opinion for each of the predefined criteria along with individual decision maker’s importance and ranking the suppliers based on both positive and negative ideal solutions using TOPSIS.
Originality/value
A robust framework incorporates not only suppliers’ performance but also provides weightage to key decision makers. Especially in the context of MCDMs wherein both qualitative and quantitative data is evaluated simultaneously, the proposed framework is unique in its practical implementation of reducing ambiguity in the supplier selection process.
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Jianhua Zhu, Luxin Wan, Huijuan Zhao, Longzhen Yu and Siyu Xiao
The purpose of this paper is to provide scientific guidance for the integration of industrialization and information (TIOII). In recent years, TIOII has promoted the development…
Abstract
Purpose
The purpose of this paper is to provide scientific guidance for the integration of industrialization and information (TIOII). In recent years, TIOII has promoted the development of intelligent manufacturing in China. However, many enterprises blindly invest in TIOII, which affects their normal production and operation.
Design/methodology/approach
This study establishes an efficiency evaluation model for TIOII. In this paper, entropy analytic hierarchy process (AHP) constraint cone and cross-efficiency are added based on traditional data envelopment analysis (DEA) model, and entropy AHP–cross-efficiency DEA model is proposed. Then, statistical analysis is carried out on the integration efficiency of enterprises in Guangzhou using cross-sectional data, and the traditional DEA model and entropy AHP–cross-efficiency DEA model are used to analyze the integration efficiency of enterprises.
Findings
The data show that the efficiency of enterprise integration is at a medium level in Guangzhou. The efficiency of enterprise integration has no significant relationship with enterprise size and production type but has a low negative correlation with the development level of enterprise integration. In addition, the improved DEA model can better reflect the real integration efficiency of enterprises and obtain complete ranking results.
Originality/value
By adding the entropy AHP constraint cone and cross-efficiency, the traditional DEA model is improved. The improved DEA model can better reflect the real efficiency of TIOII and obtain complete ranking results.
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Güler Aras and Filiz Mutlu Yıldırım
In integrated reporting, financial and non-financial performance is presented interactively, as the value creation abilities of corporations are shaped via capitals, the…
Abstract
Purpose
In integrated reporting, financial and non-financial performance is presented interactively, as the value creation abilities of corporations are shaped via capitals, the importance of the topic increases day by day. In addition to this, differentiation of importance of basic and sub-dimensions representing capitals between institutions leads to questions on which weight these should take place. From this point, this paper aims to develop capitals in integrated reporting and to weight the indicators representing them.
Design/methodology/approach
In this study, first, to ensure that each component of capital is included in integrated reporting, governance capital has been added to capitals, which are identified in the international integrated reporting framework (the framework). Then, weights of each capital dimension and indicators within these dimensions have been determined in a banking sector example with the entropy method.
Findings
Including the 2014-2017 period, an efficient weight assessment approach with the entropy method has been presented and it was observed that the most weighted element is the intellectual capital.
Research limitations/implications
The limitations of this study are the lack of an agreed general indicator framework for indicators representing multiple capitals in integrated reporting, each bank’s data disclosure of different indicators and differentiation of the shared data between sources.
Practical implications
This study guides the weighting studies necessary for integrated performance measurement.
Social implications
It is foreseen that this study will be effective in the development of integrated thinking and this effect will contribute to the overall functioning of all sectors beyond the banking sector, which is the application area of the study.
Originality/value
The study is the first original study in the literature in terms of providing a new dimension by adding the governance capital to the capitals defined in the Framework.
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By calculating the information entropy of the indicator and measuring the amount of information in the data, this paper determines the weight of the indicator according to the…
Abstract
Purpose
By calculating the information entropy of the indicator and measuring the amount of information in the data, this paper determines the weight of the indicator according to the impact of the relative change of the indicator on the whole.
Design/methodology/approach
In order to study the action mechanism of circular economy development and green finance, based on the entropy method, this paper constructs a system analysis model based on event research.
Findings
Moreover, this paper uses the analytic hierarchy process to obtain subjective weights based on expert opinions and then uses the entropy method to obtain objective weights and finally combines the two. In addition, an intelligent model is constructed based on the action mechanism of circular economy development and green finance to improve the system structure.
Originality/value
Finally, this paper designs experiments to verify the performance of the system model. The research results show that the system model constructed in this paper meets the actual situation.
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Arnab Adhikari, Samadrita Bhattacharyya, Sumanta Basu and Rajesh Bhattacharya
In the context of India, this article proposes an integrated multicriteria decision-making (MCDM) regression-based methodology to evaluate input-level performance of the schools…
Abstract
Purpose
In the context of India, this article proposes an integrated multicriteria decision-making (MCDM) regression-based methodology to evaluate input-level performance of the schools and investigate the impact of this performance along with contextual factors, i.e. medium of instruction and location of the school, on the school's output level performance, i.e. student pass rate.
Design/methodology/approach
First, Shannon entropy-based approach is applied for the weight assignment to different parameters. Then, integrated VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) technique for order preference by similarity to an ideal solution (TOPSIS)-based methodology is devised to measure the input-level performance of a school. Finally, multiple linear regression (MLR) analysis is incorporated to study the effect of input-level performance and above-mentioned contextual factors on the school's output-level performance.
Findings
Proposed methodology is applied to assess the input-level performance of 82,930 primary and secondary schools of West Bengal, India. All the factors have a significant impact on boys' pass rate, whereas only input-level performance and location of the school have a significant influence on the girls' pass rate.
Practical implications
The entropy-based approach highlights the importance of scientific weight assignment. Integrated MCDM demonstrates the significance of aggregation due to the variation in scores related to input-level performance across the methods. Regression analysis facilitates the exploration of determinants influencing the output-level performance of the schools.
Originality/value
This work depicts a holistic picture of the performance measurement system of the schools. It encompasses scientific weight assignment to the evaluation criteria, integrated input-level performance assessment of the schools and investigation into the effect of this performance, as well as other contextual factors on the output level performance.
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The purpose of the study is the evaluation of choosing the determined logistics centers’ (LCs’) locations via Multi-Criteria Decision-Making (MCDM) methods.
Abstract
Purpose
The purpose of the study is the evaluation of choosing the determined logistics centers’ (LCs’) locations via Multi-Criteria Decision-Making (MCDM) methods.
Design/methodology/approach
Since there is more than one criterion in the evaluation of LC location, MCDM methods are used. The Entropy and CRiteria Importance Through Intercriteria Correlation (CRITIC) methods are used to determine the main criteria and sub-criteria weights. The Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) method is used for ranking and evaluating 12 alternatives in Turkey and sensitivity analysis according to the threshold values of criteria and preference functions.
Findings
Possible LC alternatives in Turkey and 12 locations ranked. Changing the criteria weights at a significant level did not affect the ranking results much. In the sensitivity analysis of the criteria for which market data could not be obtained (scored by the experts) it is found that they either made no difference or made little difference in the ranking of the alternatives.
Practical implications
In terms of sustainability, economic factors along with environmental and social dimensions are important criteria for logistics companies and LC. The use of these variables in the LC location selection makes a difference.
Originality/value
This study focuses on LC location selection, via PROMETHEE with evaluated preference functions for criteria, taking into account nine scenarios that use variable criteria weight calculated via different MCDM methods. The results are evaluated by using sensitivity analysis and taking into account the sustainability aspect for LC. Multiple methods have been used effectively together in a way that support each other.
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