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1 – 3 of 3Wuyi Ye, Yiqi Wang and Jinhai Zhao
The purpose of this paper is to compare the changes in the risk spillover effects between the copper spot and futures markets before and after the issuance of copper options…
Abstract
Purpose
The purpose of this paper is to compare the changes in the risk spillover effects between the copper spot and futures markets before and after the issuance of copper options, analyze the risk spillover effects between the three markets after the issuance of the options and can provide effective suggestions for regulators and investors who hedge risks.
Design/methodology/approach
The MV-CAViaR model is an extended form of the vector autoregressive model (VAR) to the quantile model, and it is also a special form of the MVMQ-CAViaR model. Based on the VAR quantile model, this model has undergone continuous promotion of the Conditional Autoregressive Value-at-Risk Model (CAViaR) and the Multi-quantile Conditional Autoregressive Value-at-Risk Model (MQ-CAViaR), and finally got the current form of the model.
Findings
The issuance of options has led to certain changes in the risk spillover effect between the copper spot and its derivative markets, and the risk aggregation effect in the futures market has always been significant. Therefore, when supervising the copper product market and investors using copper derivatives to avoid market risks, they need to pay attention to the impact of futures on the spot market, the impact of options on the futures market and the risk spillover effects of spot and futures on the options market.
Practical implications
The empirical results of this paper can be used to hedge market risk investment strategies, and the changes in market relationships also provide an effective basis for the supervision of the copper product market by the supervisory authority.
Originality/value
It is the first literature research to discuss the risk and the impact of spillover effects of copper options on China copper market and its derivative markets. The MV-CAViaR model can capture the mutual risk influence between markets by modeling multiple markets simultaneously.
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The purpose of this paper is to review English-language publications about school principalship in China published between 1998 and 2013 and to present an overview of the…
Abstract
Purpose
The purpose of this paper is to review English-language publications about school principalship in China published between 1998 and 2013 and to present an overview of the authorship, topics, methodologies and key findings of these publications.
Design/methodology/approach
The methodology includes an exhaustive review of journal articles and book chapters about Chinese school principalship published in the English language. In total, 39 articles and 17 book chapters are identified for the 1998-2013 period. Qualitative analysis is conducted to determine the basic patterns of authorship, topics, methods and key findings. The changes or continuities in these patterns during the study period are also discerned.
Findings
The paper identifies several continuous and discontinuous patterns in each of the review categories and provides a better understanding of on-going research into the practice of school principalship in China. The results also suggest areas that require deeper exploration.
Originality/value
This paper explores the landscape of school principalship in China as reflected in the international literature and indicates the ways that this landscape has changed or remained the same over the years. As such, the paper contributes to the thin knowledge base concerning school principalship in China and sheds light on the enduring local-global tension in the evolution of education systems.
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J Sanjog, Sougata Karmakar, Thaneswer Patel and Anirban Chowdhury
The purpose of this paper is to highlight state-of-the-art digital human modeling applications in aviation and aerospace industry, generate research interest and promote…
Abstract
Purpose
The purpose of this paper is to highlight state-of-the-art digital human modeling applications in aviation and aerospace industry, generate research interest and promote application of digital human modeling technology among audience of diverse background including researchers, students, trainees, etc. in academia and industry; designers; engineers; and ergonomists associated with aviation and aerospace sectors.
Design/methodology/approach
Comprehensive literature search was performed and, subsequently, all publications identified were studied thoroughly at least by abstracts. Available information has been segregated under different headings and depicted systematically for easy understanding by readers.
Findings
Virtual human modeling technology has been used in assessing reach and accessibility in aircraft cockpits, creating accurate posture libraries, performing vision analysis for pilots, determining design modifications to accommodate female users, predicting probable pilot behavior in proposed cockpit design, simulating air flow and heat transfer in fighter plane’s cockpit, assessing comfort of airplane passenger seats, maintenance studies, human spaceflight training, verifying component accessibility, investigating impact of space suit parts and harnesses, etc. Traditional approach for ergonomic investigations (involving costly physical mockups and trials with real humans) can be effectively replaced by evaluations facilitated by digital mockups and digital humans.
Research limitations/implications
Being a review paper, the present manuscript is purely academic in nature.
Originality/value
The present paper represents critical review (with up to date references), leading to a comprehensive knowledge body about application of digital human modeling in aviation and aerospace industry. Avenues still to be explored have been identified and future research directions have been given aiming at aviation and aerospace completely human centric.
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