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Article
Publication date: 16 April 2024

Hongyu Hou, Feng Wu and Xin Huang

The development of the digital age has made data and information more transparent, enhancing the strategic perspectives of both buyers (strategic waiting) and sellers (price…

Abstract

Purpose

The development of the digital age has made data and information more transparent, enhancing the strategic perspectives of both buyers (strategic waiting) and sellers (price fluctuations) in their decision-making. This research investigates the optimal dynamic pricing strategy of the content product developer in relation to their consideration of consumer fairness concerns to elucidate the impact of consumer fairness concerns on the dynamic pricing strategy of the developer.

Design/methodology/approach

This paper assumes that monopolistic content developers implement a dynamic pricing strategy for the content product. Through constructing a two-period dynamic pricing game model, this research investigates the optimal decisions of the content developer, contingent upon their consideration or disregard of consumer fairness concerns. In the extension section, the authors additionally account for the influence of myopic consumers on these optimal decisions.

Findings

Our findings reveal that the degree of consumer fairness concerns significantly influences the developer’s optimal dynamic pricing decision. When a developer offers content products with lower depth, there is a propensity for the developer to refrain from incorporating consumer fairness concerns into a dynamic pricing strategy. Conversely, in cases where the developer offers a high-depth content product, consumer fairness concerns benefit the developer. Furthermore, our analysis reveals a consistent benefit for the developer from the inclusion of myopic consumers.

Originality/value

Few studies have delved into the conjoined influence of consumer fairness concerns and strategic behavior on dynamic pricing strategy. Our findings indicate that consumer fairness concerns can enhance the efficiency of the value chain for content products under specific conditions. This paper not only enriches the existing literature on dynamic pricing by incorporating consumer fairness concerns theoretically but also offers practical insights. The outcomes of this research can guide content product developers in devising optimal dynamic pricing strategies.

Details

Industrial Management & Data Systems, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 1 March 2013

Hongyu Zhao, Zhelong Wang, Hong Shang, Weijian Hu and Gao Qin

The purpose of this paper is to reduce the calculation burden and speed up the estimation process of Allan variance method while ensuring the exactness of the analysis results.

Abstract

Purpose

The purpose of this paper is to reduce the calculation burden and speed up the estimation process of Allan variance method while ensuring the exactness of the analysis results.

Design/methodology/approach

A series of six‐hour static tests have been implemented at room temperature, and the static measurements have been collected from MEMS IMU. In order to characterize the various types of random noise terms for the IMU, the basic definition and main procedure of the Allan variance method are investigated. Unlike the normal Allan variance method, which has the shortcomings of processing large data sets and requiring long computation time, a modified Allan variance method is proposed based on the features of data distribution in the log‐log plot of the Allan standard deviation versus the averaging time.

Findings

Experiment results demonstrate that the modified Allan variance method can effectively estimate the noise coefficients for MEMS IMU, with controllable computation time and acceptable estimation accuracy.

Originality/value

This paper proposes a time‐controllable Allan variance method which can quickly and accurately identify different noise terms imposed by the stochastic fluctuations.

Details

Industrial Robot: An International Journal, vol. 40 no. 2
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 2 August 2022

Garrison Hongyu Song

The size effect that there exist return differences between small market-cap firms and large market-cap counterparts in the stock market has become one of the most controversial…

Abstract

Purpose

The size effect that there exist return differences between small market-cap firms and large market-cap counterparts in the stock market has become one of the most controversial capital market anomalies. This paper aims to interpret this effect, including both the size premium and the size discount.

Design/methodology/approach

A dynamic capital mobility model (DCMM) is proposed, and the model’s explanatory ability is validated via simulation.

Findings

This study’s simulation results indicate that the observed size effect can be originated from the combination of the pure size effect and the investors’ herding behavior. Although the size premium, that average returns of small firms are higher than those of large firms, is more prevalent in the stock market, this study’s model implies that the size discount is also possible, which is largely an empirical issue. The pure size effect per se cannot reproduce the size premium. Only if the herding effect dominates the pure size effect would there exist the size premium.

Originality/value

Although the literature provides miscellaneous explanations for the size effect, they are still inconclusive. So far there has been no theory to directly investigate the size effect and to explicitly explore the impact of investors’ trading behavior on the size effect. To the best of the author’s knowledge, this paper fills in this gap and proposes a DCMM to interpret the size effect for the first time. In addition, while the literature focuses on the size premium only, this study covers not only the size premium but also the size discount.

Details

Studies in Economics and Finance, vol. 40 no. 2
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 6 September 2021

Hongyu Liu, Yingxue Teng, Jing Guo, Qinghe Xiao, Miao Wang, QiHang Pang and Shengli Li

This paper aims to explore the transformation process and transformation mechanism of carbon steel under the marine environment.

Abstract

Purpose

This paper aims to explore the transformation process and transformation mechanism of carbon steel under the marine environment.

Design/methodology/approach

In this paper, the transformation and rust layers corrosion products on 0Cu2Cr carbon steel with different cycles coupon test was investigated and deeply explored by scanning electron microscope, energy dispersive spectrometer, X-ray diffraction.

Findings

The results showed that the thickness of rust layers grew from 71.83 µm to 533.7 µm with increasing duration of corrosion. The initial corrosion product was γ-FeOOH, then part of the γ-FeOOH continued growing, and under the capillary action, the other part of the γ-FeOOH transformed to α-FeOOH.

Originality/value

To the best of the authors’ knowledge, this paper puts forward for the first time a new viewpoint of the development of corrosion products of low-carbon steel in two ways. This discovery provides a new idea for the future development of steel for marine engineering.

Details

Anti-Corrosion Methods and Materials, vol. 68 no. 5
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 8 August 2019

Mohamed Ibrahim Nor, Tajul Ariffin Masron and Sharif Yusuf Gedi

Real estate is one of the fundamental growth engines for developing economies as it contributes urbanization and infrastructure development. In recent years, Somalia has witnessed…

Abstract

Purpose

Real estate is one of the fundamental growth engines for developing economies as it contributes urbanization and infrastructure development. In recent years, Somalia has witnessed massive real estate development in both housing and commercial buildings. The purpose of this study is twofold. First, the study examines the determinants of residential property rents. Second, it investigates whether residential property rents are fairly valued.

Design/methodology/approach

This study uses two-stage modeling. A hedonic regression model is used in the first stage, while an artificial neural network is applied in the second stage.

Findings

After analysis, this study established that size, location and security of a residential property have a significant influence on its monthly rents. Alternatively, the study identified that residential property rents are not fairly valued in Mogadishu and overvaluation is more frequent than undervaluation.

Originality/value

This implies that Somalia’s real estate industry is more speculative-driven than real demand-driven. Though Somali real estate is an infant industry with huge potentials in the long run, it may end up disastrously following the well-known bubble-then-burst behavior. To avoid such crisis, this study recommends formulating government policies that regulates, supervises and protects the infant real estate industry without undermining the needs of the poor and low-income citizens.

Details

International Journal of Housing Markets and Analysis, vol. 13 no. 2
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 5 December 2018

Lin Liu, Hongyu Su, Xue Li, Yanan Wang, Qiang Zhang and Jianhua Qian

This paper aims to evaluate the inhibitive effect and adsorption behavior of the 2-amino-5-thiol-1,3,4-thiadiazole vanillin (A) on copper in 3 per cent NaCl solution.

Abstract

Purpose

This paper aims to evaluate the inhibitive effect and adsorption behavior of the 2-amino-5-thiol-1,3,4-thiadiazole vanillin (A) on copper in 3 per cent NaCl solution.

Design/methodology/approach

A thiazole Schiff bases were synthesized, named, 2-amino-5-thiol-1,3,4-thiadiazole vanillin (A), which was fabricated respectively on copper surface by the molecular self-assembled. Evaluation was carried out by electrochemical measurement and surface analysis techniques. Measurement of static friction coefficient scanning electron microscopy and Contact angle analysis were applied, and it is finally confirmed the existence of the adsorbed film. The inhibitive mechanism of A was evaluated by means of quantitative calculation and molecular dynamics simulation.

Findings

The electrochemical measurement indicated that the self-assembled molecular film can effectively inhibit the corrosion of copper sheet, when the concentration was 15 mmol⋅L−1 and the assembly time was 6 h, the corrosion inhibition effect was the best, reaching as high as 97.5 per cent. Scanning electron microscopy results showed that the Schiff base compound forms a protective film on the surface of the copper, which effectively blocks the transfer of corrosion particles to the metal substrate, thereby inhibiting the occurrence of corrosion. Adsorption behavior of A followed the Langmuir’s adsorption isotherm and attributed to mixed-type adsorption. The results of Quantitative calculation and molecular dynamics simulation showed that A was adsorbed on Cu (111) surface in parallel.

Research limitations/implications

In this study, the corrosion inhibition properties of Schiff base film were investigated by combining theory with experiment. Theoretical calculation is helpful to guide the synthesis of efficient and environmentally friendly corrosion inhibitors.

Practical implications

The damage caused by metal corrosion is great. The self-assembled Schiff base membrane synthesized in this paper is simple and compact, and the corrosion inhibition efficiency of copper in 3 per cent NaCl solution is 97.5 per cent.

Social implications

Inhibition of metal corrosion can better save energy and reduce economic losses.

Originality/value

The synthesized Schiff base was prepared on the copper surface by the molecular self-assembled. The Schiff base membrane has a good corrosion inhibition effect on copper in 3 per cent NaCl solution, and the corrosion inhibition efficiency is up to 97.5 per cent.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 2
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 26 June 2018

Lin Liu, Hongyu Su, Jinjuan Xing, Dan Peng, Qiang Zhang and Jianhua Qian

This paper aims to evaluate the inhibitive effect and adsorption behavior of 5-(ethylthio)-1H-tetrazole (EHT) and 5-(benzylthio)-1H-tetrazole (BHT) on copper in a sulfur-ethanol…

Abstract

Purpose

This paper aims to evaluate the inhibitive effect and adsorption behavior of 5-(ethylthio)-1H-tetrazole (EHT) and 5-(benzylthio)-1H-tetrazole (BHT) on copper in a sulfur-ethanol system.

Design Methodology Approach

Evaluation was carried out using electrochemical measurement and surface analysis techniques. Measurements of static friction coefficient by scanning electron microscopy and contact angle analysis were applied and finally confirmed the existence of the adsorbed film. The inhibitive mechanism of the two compounds was evaluated by means of quantitative calculation and molecular dynamics simulation. The friction coefficient of corrosion surface before and after adding corrosion inhibitor was determined through static friction coefficient measurements.

Findings

The electrochemical measurement indicated that the most effective concentration of two corrosion inhibitors was 70 mg L–1, while the inhibition efficiency of that was EHT > BHT. The friction coefficient data showed that the addition of corrosion inhibitor reduced the roughness of the corrosion surface. Adsorption behavior of two inhibitors followed the Langmuir’s adsorption isotherm and was attributed to mixed-type adsorption. The results of quantitative calculation and molecular dynamics simulation showed that tetrazole rings of the two inhibitors and its connected S atoms were adsorbed on Cu(111) surface in parallel.

Originality Value

The corrosion inhibition performance of two tetrazolium derivatives in a sulfur-ethanol system was studied by combining experiments with theory, which provided a theoretical basis for the future research.

Details

Anti-Corrosion Methods and Materials, vol. 65 no. 4
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 2 August 2019

Fupeng Cheng, Jinglong Cui, Shuai Xu, Hongyu Wang, Pengchao Zhang and Juncai Sun

The purpose of this paper is to improve the surface electrical conductivity and corrosion resistance of AISI 430 stainless steel (430 SS) as bipolar plates for proton exchange…

Abstract

Purpose

The purpose of this paper is to improve the surface electrical conductivity and corrosion resistance of AISI 430 stainless steel (430 SS) as bipolar plates for proton exchange membrane fuel cells (PEMFCs), a protective Nb-modified layer is formed onto stainless steel via the plasma surface diffusion alloying method. The effect of diffusion alloying time on electrochemical behavior and surface conductivity is evaluated.

Design/methodology/approach

In this work, the surface electrical conductivity and corrosion resistance of modified specimen are evaluated by the potentiodynamic and potentionstatic polarization tests. Moreover, the hydrophobicity is also investigated by contact angle measurement.

Findings

The Nb-modified 430 SS treated by 1.5 h (1.5Nb) presented a lower passivation current density, lower interfacial contact resistance and a higher hydrophobicity than other modified specimens. Moreover, the 1.5 Nb specimen presents a smoother surface than other modified specimens after potentionstatic polarization tests.

Originality/value

The effect of diffusion alloying time on electrochemical behavior, surface conductivity and hydrophobicity of modified specimen is evaluated. The probable anti-corrosion mechanism of Nb-modified specimen in simulated acid PEMFC cathode environment is presented.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 4
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 2 October 2017

Peng Xia, Kunjie Li, Fangui Zeng, Xiong Xiao, Jianliang Zhang, Jianhua Xiang and Beilei Sun

Pyrolysis for coal gas generation changes the composition, pore structure, permeability and adsorption capacity of coal. This work aims to discuss the utilization of coal…

Abstract

Purpose

Pyrolysis for coal gas generation changes the composition, pore structure, permeability and adsorption capacity of coal. This work aims to discuss the utilization of coal pyrolysis on enhancing coalbed methane (CBM) production in the Gujiao area, Shanxi province, China.

Design/methodology/approach

This research was conducted mainly by the methods of thermogravimetry mass spectrometry (TG-MS) analysis, liquid nitrogen adsorption experiment and methane isothermal adsorption measurement.

Findings

The results can be concluded as that 400-700°C is the main temperature range for generating CH4. Pore volume and specific surface area increase with increasing temperature; however, the proportion of micro pore, transition pore and macro pore has no difference. The optimum temperature for enhancing CBM production should be letter than 600°C because the sedimentation of tar and other products will occupy some pores and fissures after 600°C.

Originality/value

Here in, to accurately recognize the suitable maximum temperature for heating development, a method enhancing CBM production, TG-MS, was adopted to analyze the products and the weight loss of coals with different ranks in the Gujiao area at temperature of 30-1,100°C. And then the pore structure, porosity, permeability, methane adsorption capacity and thermal maturity of coals during pyrolysis were investigated with increased temperature from 30°C to 750°C. On these bases, the favorable condition for enhancing CBM production and the thermal evolution of coal were recognized.

Details

World Journal of Engineering, vol. 14 no. 5
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 9 January 2024

Love Kumar and Rajiv Kumar Sharma

In the context of promoting sustainable development in SMEs, the present study aims to investigate the relationship among solution dimensions based on the Industry 4.0 (I4.0…

Abstract

Purpose

In the context of promoting sustainable development in SMEs, the present study aims to investigate the relationship among solution dimensions based on the Industry 4.0 (I4.0) concept.

Design/methodology/approach

The study employs a comprehensive methodology that includes a systematic literature review, workshop, grounded theory and interpretive structural modeling. Various dimensions concerning I4.0 sustainability are tested and evaluated using a questionnaire design followed by hypothesis formulation. Further, grounded theory is used to extract the key solution dimensions that capture the essence of I4.0 implementation in SMEs. Finally, the solution dimensions for I4.0 sustainability are modeled using the ISM approach to understand the structural interdependencies among them, and Matrice d'Impacts Croisés Multiplication Applied to a Classification (MICMAC) analysis is done to understand the driving and dependence power among these dimensions.

Findings

The study identified 14 solution dimensions for the implementation of I4.0 in SMEs for sustainable development. Out of the 14 solution dimensions, human resource training programs (D4) appear at level 11, followed by top management commitment (D1), strategic collaborations (D3) and coordination among key stakeholders (D5) at level 2 in the hierarchical interpretive structural modeling (ISM) model. Also, these dimensions have an effect size of more than 0.50 which indicates a substantial correlation between the sustainability dimensions and Industry 4.0 implementation in SMEs.

Originality/value

The study contributes to the overall goal of fostering sustainability within the SME sector, which can pave the way for various stakeholders for the successful implementation of I4.0 sustainable solution dimensions.

Details

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

Keywords

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