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Article
Publication date: 15 January 2020

Guoshu Dong, Lihong Wei, Jiaping Xie, Weisi Zhang and Zhefu Zhang

The development of small- and medium-sized enterprises (SMEs) is vital to the economy, as such the financing of SMEs has become the focus of government and enterprises. The…

Abstract

Purpose

The development of small- and medium-sized enterprises (SMEs) is vital to the economy, as such the financing of SMEs has become the focus of government and enterprises. The purpose of this paper is to find the operational and financial strategies of the supplier and retailer in supply chain.

Design/methodology/approach

In a Stackelberg game, supplier moves first setting wholesale price, while the retailer follows, setting the ordering quantity. Enterprises maximize their profits by optimization. When measuring profit targets, the capital constraints and income taxes of two companies are considered. In the portfolio financing model, the retailer can obtain products from suppliers through trade credit, and the supplier can use asset-backed securitization (ABS) to solve his/her financing problems.

Findings

The wholesale price is a decreasing function of retailer’s initial cash balance, and the supplier’s financing interest rate is a decreasing function of his/her own capital, the incentive effect of the supplier’s price discount strategy on retailer is more intense in the supply chain with high-priced product or high-capital retailer. And in a capital-constrained supply chain, an increase in tax rate or financing rate does not necessarily motivate the supplier to increase wholesale price. Most importantly, if the supplier’s markup is moderate, portfolio financing has value for both retailer and supplier, while solving the financing problems of both parties.

Research limitations/implications

Future research can consider the explicit and implicit interest when supplier provides trade credit to retailer. It is also possible to consider the portfolio financing when multiple retailers are facing financial constraints.

Practical implications

It provides guidance for supply chain enterprises with financing needs, helping them find optimal decisions. With financial interest, enterprise income tax on the enterprises’ financing factors will produce a tax shield effect; thus, a cost–benefit analysis with the tax shield effect can provide more accurate picture when making corresponding decisions.

Social implications

Government takes feasible adjustments of tax rate for the sake of motivation on financial SMEs tax shield. Furthermore, ABS calls for service from financial institutions, which will, in turn, expedite financial institutions revenue.

Originality/value

The authors provide insights on enterprise financing models, combining ABS with trade credit, expanding enterprise financing channels and enriching the theory of financial supply chain and supply chain management. The authors analyze in detail the influence of tax factors on enterprises by introducing tax factors into traditional process of enterprise operation and financing strategy.

Details

Industrial Management & Data Systems, vol. 120 no. 4
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 10 October 2018

Jiaping Xie, Weisi Zhang, Lihong Wei, Yu Xia and Shengyi Zhang

The purpose of this paper is to examine the impact of renewable energy on the power supply chain and to study whether the renewable generator or the power grid that purchases…

Abstract

Purpose

The purpose of this paper is to examine the impact of renewable energy on the power supply chain and to study whether the renewable generator or the power grid that purchases power from the power spot market is better when the actual generation of renewable energy is insufficient. The authors want to compare and analyze the different power supply chain operation modes and discuss the optimal mode selection for renewable energy generator and power grid in different situations.

Design/methodology/approach

This paper studies the grid-led price competition game in the power supply chain, in which the power grid as a leader decides the price of transmission and distribution, and generators determine the power grid price. The renewable energy power generator and the traditional energy power generator conduct a price competition game; on the other hand, the power grid and power generators conduct Stackelberg games. The authors analyze the power supply of single power generator and two power generators, respectively, and research on the situation that the renewable energy cannot be fully recharged when the actual power generation is insufficient.

Findings

The study finds that both renewable and traditional power grid prices decline as price sensitivity coefficient of demand and installed capacity of renewable energy generators increase. Power grid premium decreases as the price sensitivity coefficient of demand increases, but rises as the installed capacity of renewable energy generator increases. When there is a shortage of power, if the installed capacity of renewable energy is relatively small and price sensitivity coefficient of demand is relatively large, the grid purchases the power from power spot market and shares cost with renewable energy generators, leading to higher expected profits of the renewable energy generators. On the contrary, the renewable energy generators prefer to make up power shortage themselves. For the power grid, purchasing the power by the renewable energy generators when there is a power shortage can bring more utility to the power grid when the installed capacity of renewable energy is lower and the demand price sensitivity coefficient is higher. When the installed capacity of renewable energy is high and the price sensitivity coefficient of demand is moderate, or the installed capacity of renewable energy is moderate and the demand price sensitivity coefficient is high, a generator that simultaneously possesses two kinds of energy source will bring more utility to the power grid. If the installed capacity of renewable energy and the demand price sensitivity coefficient both are small or the installed capacity of renewable energy and the price sensitivity coefficient of demand both are large, the power grid prefers to purchase the power by itself when there is a power shortage.

Practical implications

The goal of our paper analysis is to explore the implications of the theoretical model and address the series of research questions regarding the impact of the renewable energy on the power supply chain. The results of this study have key implications for reality. This paper sheds light on the power supply chain operation mode selection, which can potentially be used for the renewable energy generators to choose their operating mode and can also help traditional energy generators and power grid enterprises maximize their utility. This paper also has some references for the government to formulate the corresponding renewable energy development policy.

Originality/value

This paper studies the power operation mode under the uncertainty of supply and demand, and compares the advantages and disadvantages of renewable energy generator that makes up the shortage or the power grid purchases the power from power spot market then shares cost with the renewable energy generator. This paper analyzes the power grid-led coordination problem in a power supply chain, compares and analyzes the price competition game model of single power generator and dual power generators, and compares the different risk preferences of power grid.

Details

Industrial Management & Data Systems, vol. 119 no. 2
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 29 May 2020

Xiaoyu Yan, Wei Wang, Xiaojun Liu, Jimin Xu, Lihong Zhu and Bingxun Yang

A finite element method (FEM) model of the frictional behavior of two rough surfaces with a group of third-body particles confined by the surface asperities is established. By…

Abstract

Purpose

A finite element method (FEM) model of the frictional behavior of two rough surfaces with a group of third-body particles confined by the surface asperities is established. By monitoring the stress distribution, friction force and the displacement of the surfaces, how the frictional instability is induced by these particles is studied. This modeling job aims to explore the relation between the meso-scale behavior and the macro-scale frictional behavior of these particles.

Design/methodology/approach

By using FEM, a 2D model of two frictional rough surfaces with a group of elastic or elasto-plastic particles confined by surface asperities is established. The Mises stress, macro friction force and displacements of elements are monitored during compressing and shearing steps.

Findings

The macro friction coefficient is more stable under higher pressure and smaller under higher shearing speed. The dilatancy of the interface is caused by the elevation effect of the particles sheared on the peak of the lower surface, particles collision and third body supporting. The combined effect of particles motion and surface–surface contact will induce high-frequency displacements of surface units in restricted direction.

Originality/value

Previous studies about third-body tribology are mainly concentrated on the frictional behavior with large number of particles distributed homogeneously across the interface, but this paper focuses on the behavior of third-body particles confined by surface asperities.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-12-2019-0544/

Details

Industrial Lubrication and Tribology, vol. 72 no. 10
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 23 July 2018

Wenxiong Wang, Lihong Yu, Wei Zhou, David W. Marcouiller and Bin Luo

Effective farmer participation in the rural land consolidation process has become increasingly important because it improves results in rural land consolidation and land use…

Abstract

Purpose

Effective farmer participation in the rural land consolidation process has become increasingly important because it improves results in rural land consolidation and land use efficiency. The purpose of this paper is to examine the mechanism of farmers’ effective participation in Chinese rural land consolidation.

Design/methodology/approach

The authors empirically assess farmers’ effective participation in the rural land consolidation process in ten counties of China’s Hubei province. Focusing on an effective decision-making model, the authors comprehensively evaluated farmer participation using surveys that incorporated an index system and analyzed survey results using a structural equation model to examine factors that influenced farmer’s effective participation.

Findings

The results of the study suggest that the correlations between farmers’ effective participation and the impacting factors the authors proposed were particularly strong. In addition, participation ability, participation opportunity and participation incentive are strongly associated with effective farmer participation. Thus, the authors highlight that incentives should be provided to encourage farmers’ effective participation in rural land consolidation.

Research limitations/implications

Because of the chosen approach and the set of the research object, the geographic context of the empirical survey work was limited; furthermore, the authors only studied the influencing factors at the individual level, leaving the interaction effects between governmental factors and farmer individual factors inadequately explained.

Originality/value

Despite those limitations, these results serve as an important reference for government agencies and stakeholder groups in rural land consolidation decision making.

Details

China Agricultural Economic Review, vol. 11 no. 1
Type: Research Article
ISSN: 1756-137X

Keywords

Article
Publication date: 11 August 2022

Xiao-Feng Qi and Lihong Zhou

This paper aims to explore the impact of domestic market fragmentation on the innovation performance of enterprises and its mechanism from the perspective of market segmentation…

Abstract

Purpose

This paper aims to explore the impact of domestic market fragmentation on the innovation performance of enterprises and its mechanism from the perspective of market segmentation, a government behavior with Chinese characteristics.

Design/methodology/approach

In order to verify the theoretical hypothesis proposed in the previous article, that is, whether domestic market fragmentation can effectively improve the innovation performance of enterprises, this paper bases on the data of listed companies from 2010 to 2016, empirically testing the theoretical hypothesis by constructing a measurement model.

Findings

Domestic market fragmentation has a significant inhibitory effect on enterprise innovation performance. Domestic market fragmentation has heterogeneous effects on innovation performance of enterprises and regions. It is undeniable that domestic market fragmentation does have a certain support effect on state-owned enterprises but the support effect is achieved by distorting regional resource allocation and creating an unfair market environment.

Originality/value

Firstly, this paper explores the impact mechanism of domestic market fragmentation on corporate innovation performance from the perspective of market segmentation, a government behavior with Chinese characteristics, so as to expand and enrich the relevant research on enterprise innovation. Secondly, from the perspective of corporate innovation performance, this paper provides new evidence for the “curse effect” of domestic market fragmentation. Thirdly, this paper tries to shake the domestic market fragmentation support theory from the perspective of distortion effect brought by the “hand of support” of domestic market fragmentation.

Details

International Journal of Emerging Markets, vol. 19 no. 4
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 18 September 2017

Ruhua Huang, Tong Lai and Lihong Zhou

This paper reports on a critical literature review, which aimed to identify, understand and qualify barriers that hinder the release of open government data (OGD) in China…

1045

Abstract

Purpose

This paper reports on a critical literature review, which aimed to identify, understand and qualify barriers that hinder the release of open government data (OGD) in China. Moreover, the purpose of this paper is to develop and propose a theoretical framework, which can be adopted as a basis for empirical investigation in the future, and to articulate mitigating strategies.

Design/methodology/approach

This study adopted an inductive qualitative approach, retrieving 42 academic articles from three main Chinese academic databases: CNKI, Wanfang and CQVIP. A thematic analysis approach was employed for the literature analysis.

Findings

The literature analysis pointed to 15 barriers to the release of OGD in China. Furthermore, the barriers emerged in the following three main themes: institutional barriers, data integrity and quality barriers, and user participation barriers.

Originality/value

This paper reports on one of the early research efforts into the problems of releasing OGD in China. Although this study focusses on Chinese context and issues, the findings and lessons learnt can be shared across international borders.

Details

Library Hi Tech, vol. 35 no. 3
Type: Research Article
ISSN: 0737-8831

Keywords

Article
Publication date: 11 January 2024

Liangbin Chen, Lihong Zhao, Keren Ding, Kaibo Xu and Xianzhe Tang

This study aims to optimize the preparation conditions and modify the nanofiltration (NF) membranes to prepare high-performance polysulfone/sulfonated polysulfone composite…

Abstract

Purpose

This study aims to optimize the preparation conditions and modify the nanofiltration (NF) membranes to prepare high-performance polysulfone/sulfonated polysulfone composite nanofiltration (PSF/SPSF-NF) membranes through interfacial polymerization.

Design/methodology/approach

Investigating the impacts of anhydrous piperazine (PIP) concentration, trimesoyl chloride (TMC) concentration and basement membrane type on NF membrane performance, the optimal membrane was prepared. In addition, nano-SiO2 was added to the active separation layer to modify the NF membranes.

Findings

The comprehensive performance of PSF/SPSF-NF membranes was optimized when the concentration of PIP was 0.75 Wt.% and the concentration of TMC was 0.15 Wt.%, at which time the water flux was 66.1 L·m−2·h−1 and the retention rate of Na2SO4 was 98.1%. The comprehensive performance of polysulfone/sulfonated polysulfone-SiO2 nanofiltration (PSF/SPSF-SiO2-NF) membranes was optimized when the blending ratio of nano-SiO2 to PIP was 2:3, with a pure water flux of 81.9 L·m−2·h−1 and a Na2SO4 retention rate of 95.9%. Compared to polysulfone nanofiltration (PSF-NF) membranes and PSF/SPSF-NF membranes, NF membranes with nano-SiO2 increased the flux recovery rate by 22.9% and 8.7%.

Practical implications

PSF/SPSF-SiO2-NF membrane exhibits excellent antifouling properties.

Originality/value

There is currently no literature available on the preparation of NF membranes using polysulfone/sulfonated polysulfone (PSF/SPFS) as a substrate. This provides a method for modifying NF membranes, starting with the modification of the basement membrane and then modifying the active separation layer.

Details

Pigment & Resin Technology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0369-9420

Keywords

Article
Publication date: 1 May 1999

Zhang Lihong and Keith Goffin

International joint venture (IJV) manufacturing is important for both the Chinese economy and a large number of foreign investors. A review of the literature from both Western and…

4946

Abstract

International joint venture (IJV) manufacturing is important for both the Chinese economy and a large number of foreign investors. A review of the literature from both Western and Chinese researchers showed that although the purpose and advantages of IJV manufacturing in China are known, a vital aspect – operations management – has largely been ignored. Therefore, exploratory interviews with managers at six companies were conducted to investigate the operations management issues faced by IJV manufacturers in China. Four main problems were identified: the difficulty with recruiting and training suitable employees; all aspects of supplier management; problems with achieving high‐quality output; and achieving an effective IJV business culture. The results have implications not only for researchers, in that they indicate where more research is necessary, but also for practitioners, since they identify the areas where IJV manufacturers are most likely to encounter problems in China.

Details

International Journal of Operations & Production Management, vol. 19 no. 5/6
Type: Research Article
ISSN: 0144-3577

Keywords

Article
Publication date: 5 May 2015

Xiongying Wu, Lihong Chen, Shuhui Pang and Xuemei Ding

The purpose of this paper is to explore a descriptive framework for a more structured and objective evaluation of the risk situation of textile and apparel, also to find the best…

Abstract

Purpose

The purpose of this paper is to explore a descriptive framework for a more structured and objective evaluation of the risk situation of textile and apparel, also to find the best set of methods or optimal scientific grounds for the safety evaluation of textile and apparel.

Design/methodology/approach

Risk analysis theory is used to analyze potential hazard of textile and apparel, weight is given to risk indicators using subjective and objective weighting method, respectively, grading standards of safe risk of textile and apparel is made. Finally a safety risk assessment model of textile and apparel based on support vector machine (SVM) is built, and empirical analysis is also made.

Findings

Quantitative and highly reliable evaluation of textile and apparel risks, relatively easy grading classification and simplicity in operating the evaluation process are the advantages that promote the application of risk assessment model based on SVM for textile and apparel, and empirical analysis showed considerably good applicability.

Practical implications

The research is useful to ensure safety textile and apparel in market, also contributing to the sustainable development of textile industries in future.

Originality/value

SVM as a risk assessment method provided safety evaluation to toxic and harmful substance and small parts in textile and apparel, which can be an effective tool to monitor textile and apparel safety.

Details

International Journal of Quality & Reliability Management, vol. 32 no. 5
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 4 February 2021

Hong Li, Changhong Li and Zhan Wang

The effective transfer of knowledge within an organization is critical for its sustainable competitive advantage. Based on the norm of reciprocity, it can be concluded that…

Abstract

Purpose

The effective transfer of knowledge within an organization is critical for its sustainable competitive advantage. Based on the norm of reciprocity, it can be concluded that individuals’ primary motivation to transfer their treasured knowledge can be summarized as “trust,” that is, the individuals trust their selfless transfer behavior can be reciprocated by the recipients in the future.

Design/methodology/approach

In this study, a simulation model based on knowledge transfer behavior and reciprocal trust between individuals is built through agent-based modeling and simulation to investigate the factors that influence the efficiency of knowledge transfer within an organization.

Findings

Experiments are performed to test the impact of reciprocal trust and organizational structure on the efficiency of knowledge transfer.

Originality/value

The results indicate a significant role of key elements of reciprocal trust and organizational structure, which provides relevant practical guidance for both individuals and organization managers in the context of knowledge transfer.

Details

Journal of Business & Industrial Marketing, vol. 36 no. 8
Type: Research Article
ISSN: 0885-8624

Keywords

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