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China has long been dedicated to introducing the Western management ideas to the local enterprise practice. But the situation has changed since the financial crisis, and the China model has become a hot word with its fast recovery from crisis. Moreover, Chinese traditional culture has become increasingly popular. Yin and yang are the most familiar Chinese philosophical terms to Western minds, and also the core concept of Chinese Taoist philosophy. The purpose of this paper is to analyze how the yin yang or lao‐tzu influences a firm's core competence and performance, and to demonstrate that the Taoist‐oriented Chinese culture remains meaningful and in many situations powerful in enterprise practice.

A case study is carried out from Town Star Ltd, established in 2001, and located in Linfen city, Shanxi province, China, a city which topped the list of the world's most polluted cities. It is an integrated joint‐stock company, specializing in coal coking chemical industry, gardening, logistics and technology development. Based on the humanized management doctrine, the company has formed the 5S management model which boosts its rapid and sustainable development. It coped well in major junctures such as industry restructuring and transferring, financial crisis, etc. Five key dimensions of the yin and yang, which were applied to the leader's daily behaviors and management style, are: Wu‐wei (inaction), Wu (emptiness), hardness with softness, moderation and He‐xie (harmony). First, this paper built a dynamic company growth model based on this philosophy which enhanced the core competitiveness effectively by emotional management innovation and personalized HRM, among which its pivotal regulator of variables is just yin yang conversion degree. Then an approach is provided to validate the model with empirical data collected from the years 2001‐2010 (2001‐2005, 2006‐2008, 2009‐2010) of Town Star Ltd.

It is demonstrated that yin yang ideology embedded in the company growth model organically is an important means to increase marginal benefit. In practice, the firm with yin yang philosophical ideology would shape a management paradigm which combined rules and human nature appropriately to a family‐oriented business atmosphere. Based on the above philosophical wisdom, Town Star Ltd has harvested good economic and social benefits, strong core competence through the elaborately constructed unique management model and harmonious humanity environment.

This paper opens an avenue for indigenous firms, as a framework for guiding management research and practice in coping with the post‐crisis era. In addition, it is expected to attract more attention from scholars, entrepreneurs both in China and in the rest of the world, to contribute to knowledge creation in Chinese management studies.

To describe how Town Star Ltd – a leading company in the coal industry in Shanxi Province in China - combines traditional culture with modern management methods.

Outlines the main strands of traditional Chinese thinking and explains the relevance of Confucianism and Taoist philosophy to organizational performance and culture. Illustrates this with a case study that provides examples of a culture-driven management model.

Chinese civilization stretches back 5,000 years. But when the planned economy gave way to an “open door” policy in 1978, there was a drive for wholesale Westernization. Local enterprises adopted Western management ideas, focusing on profit maximization and quantitative management. Three decades of unprecedented change and rapid economic growth followed, until the world economy suffered a major setback in 2008. China recovered comparatively quickly from the global financial crisis, but the experience raised questions about dependence on Western management practices. Instead of regarding Chinese traditions as backward and antiquated, many people have started to ask what traditional culture can contribute to economic development.

Illustrates the ways that a “Yin Yang” approach to human resource management can enhance core competitiveness.

Draws attention to opportunities for future research into the ways that indigenous firms are developing in China following the global financial crisis in 2008.

With the continuous improvement of public–private partnership (PPP) projects, the participants' value creation goals are not only limited to achieving the basic performance objectives but also to realising value added. However, the effect of traditional contract management on realising the value creation objectives of PPP projects is limited. According to the view of multifunctional contract, joint-contract functions that integrate contract control and flexibility are likely to be effective in enhancing the value creation of PPP projects. This study aims to explore the effects of joint-contract functions on PPP project value creation and relevant influencing mechanism by investigating the mediating effect of in-role behaviour and extra-role behaviour.

After collecting 258 valid questionnaires from PPP professionals in China, this study used structural equation modelling to validate the hypotheses.

Contract control and flexibility can improve PPP project value creation. Specifically, contract control improves the achievement of the basic contract objectives of PPP projects, whereas contract flexibility enhances the achievement of the value-added of PPP projects. Moreover, only in-role behaviour mediates the effect of contract control on value creation. In addition, the mediating effect of extra-role behaviour on the impact of contract flexibility on value creation is stronger than that of in-role behaviour. The mediating effect of in- and extra-role behaviour is mainly reflected in the realisation of basic and value-added performance, respectively.

The findings of this study can help realise value creation in three ways. Firstly, new perspectives for PPP project value creation should be proposed by combining the improvement of contract objectives and the realisation of the participants' implicit demands. Secondly, the effects of different contract functions on value creation should be analysed instead of a single dimension of contractual governance. Thirdly, the mediating effects of different types of cooperation behaviour that may influence the relationship between contractual governance and value creation should be evaluated.

This study verifies the impacts of different contract functions on PPP project value creation. In addition, cooperative behaviour is embedded as a mediating variable, and the mediated transmission path from contract function to cooperative behaviour and further to PPP project value creation is systematically analysed.

Promoting low-carbon in the construction industry is important for achieving the overall low-carbon goals. Public–private partnership is very popular in public infrastructure projects. However, different perceptions of low-carbon and behaviors of public and private sectors can hinder the realization of low-carbon in these projects. In order to analyze the willingness of each stakeholder to cooperate towards low-carbon goals, an evolutionary game model is constructed.

An evolutionary game model that considers the opportunistic behavior of the participants is developed. The evolutionary stable strategies (ESSs) under different scenarios are examined, and the factors that influence the willingness to cooperate between the government and private investors are investigated.

The results illustrate that a well-designed system of profit distribution and subsidies can enhance collaboration. Excessive subsidies have negative impact on cooperation between the two sides, because these two sides can weaken income distribution and lead to the free-riding behavior of the government. Under the situation of two ESSs, there is also an optimal revenue distribution coefficient that maximizes the probability of cooperation. With the introduction of supervision and punishment mechanism, the opportunistic behavior of private investors is effectively constrained.

An evolutionary game model is developed to explore the cooperation between the public sector and the private sector in the field of low-carbon construction. Based on the analysis of the model, this paper summarizes the conditions and strategies that can enable the two sectors to cooperate.

Effective performance management (PM) in public–private partnership (PPP) projects is critical to realizing value for money (VFM). This study aims to provide an in-depth understanding of problems existing in PPP PM and possible avenues for improvement, presenting an experimental system to verify that building information modeling (BIM) and other information communication technologies can improve PPP PM.

The mixed research method adopted in this study combined empirical research with experimental research. Semistructured interviews were used to ascertain the current situation of PPP PM with the help of Nvivo software. A BIM-based performance management system (BPMS), which combines BIM with Web and Cloud technology, was then constructed to achieve performance monitoring, performance measurement, and performance-based payment. Finally, a case study was introduced to explain the function application of the proposed system.

The case demonstration verified is found to verify that the developed BIM-based execution framework for PPP PM can effectively guide stakeholders toward achieving mixed PM, promote effective PM, and improve work efficiency with the support of BIM and other information and communication technologies.

Through the development of a BPMS for PPP projects, the effectiveness and efficiency of PM are improved. Practical PM applications are also provided to different stakeholders, through which the key performance indicators and the behaviors of the government and private-sector partners can be monitored to form a more comprehensive and reasonable PM mechanism and promote the realization of VFM in PPP projects.

This study aims to develop a collaborative governance framework (CGF) to systematically investigate the impeding factors (IFs) in terms of the operational sustainability of PPPs. It examines the transmission pattern (i.e. the way in which network members react to each other) of the IFs network.

Literature review and interview were adopted to identify the IFs. Then, with the data collected from the interview in China, the social network analysis and interpretive structure model were synergised to examine the chain reaction, driving and dependent powers, and hierarchical structure of the identified IFs.

The results reveal that the cognition, institutional, financial and participation aspects are key barriers confronted by PPP sustainability, and the government plays a leading role in controlling factors causing sustainability-related problems in PPPs. Weak government leadership and institutional environment were identified as the most fundamental reasons triggering a chain of IFs, while project governance and management activities act as bridge nodes that play an intermediary role in the IFs network.

This research contributes to the literature on PPP governance by (1) bridging the literature gap through the development of CGF for explaining the governance of PPP sustainability with a holistic view that considers both macro environment and operational project processes; and (2) identifying the transmission pattern of IFs network which uncovers the underlying dynamics causing the unsustainable operation of PPPs.

This research provides practitioners with a list of key checkpoints for preventing failure escalation, enables decision-makers to prioritise obstacle-mitigation efforts and develop a feasible process to control PPP operation, and offers management countermeasures to remove the key barriers impeding PPP sustainability.

This study is novel for adopting network-oriented techniques to quantify the relative importance of the IFs and examine the transmission pattern of the IFs system. Therefore, it visualises the complex underlying dynamics causing unsustainable PPP operation, identifies root and direct causes of PPP failures, and provides decision-makers with insights into sustaining PPP sustainability from a network-oriented perspective.

The main purpose of this article is to characterize a novel neutrosophic hypersoft set hybrid called possibility single-valued neutrosophic hypersoft set (psv-NHSS) for evaluation of investment projects by using its aggregation operations and decision-support system.

Two approaches are employed in this article: set-theoretic approach and algorithmic approach. The former one is used to characterize the novel notion of psv-NHSS and its aggregations. The later one is used to construct a decision-support system by using the aggregations like core matrix, maximum-valued decision, minimum-valued decision and scoring-valued decision of psv-NHSS. The adopted algorithm is implemented in real-world scenario of hydroelectric power station project evaluation for investment purpose.

The proposed model is more flexible and reliable as it addresses the limitations of literature on neutrosophic set, neutrosophic soft set and other fuzzy set-like models by considering possibility degree, hypersoft setting and neutrosophic setting collectively.

It has limitations for decision-making situations where selection of parameters is of uncertain nature.

The scope of this study may cover a wide range of applications in many fields of mathematical sciences like artificial intelligence, optimization, multiple-criteria decision-making (MCDM), theoretical computer science, soft computing, mathematical statistics, etc.

The proposed model bears the characteristics of most of the relevant existing models collectively and fulfills their insufficiencies by introducing a novel approximate mapping.

The information used for supervision by regulatory departments in public-private partnership (PPP) projects is primarily transmitted and processed by the PPP implementation department, which negatively impacts the information quality, leading to information asymmetry and undermining the overall effectiveness of supervision. This study aims to explore how to use blockchain to anchor the information used for supervision in PPP projects to the original information, to strengthen the oversight.

This paper adopts the principles of design science research (DSR) to design a conceptual framework that systematically organizes information along the information dissemination chain, ensuring the reliable anchoring of original information. Two-stage interviews involving experts from academia and industry are conducted, serving as formative and summative evaluations to guide the design.

The framework establishes a weak-centralized information organizing mode, including the design of governance community and on-chain and off-chain governance mechanisms. Feedback from experts is collected via interviews and the designed framework is thought to improve information used for supervision. Constructive suggestions are also collected and analyzed for further development.

This paper provides a novel example exploring the inspirations blockchain can bring to project governance, like exercising caution regarding the disorderly expansion of public sector authority in addressing information disadvantages and how to leverage blockchain to achieve this. Technical details conveyed by the framework deepen understanding of how blockchain benefits and the challenges faced in successful implementation for practitioners and policymakers. The targeted evaluation serves as rigorous validation, guiding experts to provide reliable feedback and richer insights by offering them a more cognitively convenient scenario.

Autonomous driving depends on the collection, processing and analysis of environmental information and vehicle information. Environmental perception and processing are important prerequisite for the safety of self-driving of vehicles; it involves road boundary detection, vehicle detection, pedestrian detection using sensors such as laser rangefinder, video camera, vehicle borne radar, etc.

Subjected to various environmental factors, the data clock information is often out of sync because of different data acquisition frequency, which leads to the difficulty in data fusion. In this study, according to practical requirements, a multi-sensor environmental perception collaborative method was first proposed; then, based on the principle of target priority, large-scale priority, moving target priority and difference priority, a multi-sensor data fusion optimization algorithm based on convolutional neural network was proposed.

The average unload scheduling delay of the algorithm for test data before and after optimization under different network transmission rates. It can be seen that with the improvement of network transmission rate and processing capacity, the unload scheduling delay decreased after optimization and the performance of the test results is the closest to the optimal solution indicating the excellent performance of the optimization algorithm and its adaptivity to different environments.

In this paper, the results showed that the proposed method significantly improved the redundancy and fault tolerance of the system thus ensuring fast and correct decision-making during driving.