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1 – 10 of over 2000
Article
Publication date: 8 January 2021

S. Vaithyasubramanian and R. Sundararajan

Purpose of this study is to classify the states of Markov Chain for the implementation of Markov Password for effective security. Password confirmation is more often required in…

Abstract

Purpose

Purpose of this study is to classify the states of Markov Chain for the implementation of Markov Password for effective security. Password confirmation is more often required in all authentication process, as the usage of computing facilities and electronic devices have developed hugely to access networks. Over the years with the increase in numerous Web developments and internet applications, each platform needs ID and password validation for individual users.

Design/methodology/approach

In the technological development of cloud computing, in recent times, it is facing security issues. Data theft, data security, denial of service, patch management, encryption management, key management, storage security and authentication are some of the issues and challenges in cloud computing. Validation in user login authentications is generally processed and executed by password. To authenticate universally, alphanumeric passwords are used. One of the promising proposed methodologies in this type of password authentication is Markov password. Markov passwords – a rule-based password formation are created or generated by using Markov chain. Representation of Markov password formation can be done by state space diagram or transition probability matrix. State space classification of Markov chain is one of the basic and significant properties. The objective of this paper is to classify the states of Markov chain to support the practice of this type of password in the direction of effective authentication for secure communication in cloud computing. Conversion of some sample obvious password into Markov password and comparative analysis on their strength is also presented in this paper. Analysis on strength of obvious password of length eight has shown range of 7%–9% although the converted Markov password has shown more than 82%. As an effective methodology, this password authentication can be implemented in cloud portal and password login validation process.

Findings

The objective of this paper is to classify the states of Markov chain to support the practice of this type of password in the direction of effective authentication for secure communication in cloud computing. Conversion of some sample obvious password into Markov password and comparative analysis on their strength is also presented in this paper.

Originality/value

Validation in user login authentications is generally processed and executed by password. To authenticate universally, alphanumeric passwords are used. One of the promising proposed methodologies in this type of password authentication is Markov password.

Details

International Journal of Pervasive Computing and Communications, vol. 17 no. 1
Type: Research Article
ISSN: 1742-7371

Keywords

Article
Publication date: 10 August 2018

Maogen Ge, Jing Hu, Mingzhou Liu and Yuan Zhang

As the last link of product remanufacturing, reassembly process is of great importance in increasing the utilization of remanufactured parts as well as decreasing the production…

Abstract

Purpose

As the last link of product remanufacturing, reassembly process is of great importance in increasing the utilization of remanufactured parts as well as decreasing the production cost for remanufacturing enterprises. It is a common problem that a large amount of remanufactured part/reused part which past the dimension standard have been scrapped, which have increased the production cost of remanufacturing enterprises to a large extent. With the aim to improve the utilization of remanufacturing parts with qualified quality attributes but exceed dimension, the purpose of this paper is to put forward a reassembly classification selection method based on the Markov Chain.

Design/methodology/approach

To begin with, a classification standard of reassembly parts is proposed. With the thinking of traditional ABC analysis, a classification management method of reassembly parts for remanufactured engine is proposed. Then, a homogeneous Markov Chain of reassembly process is built after grading the matching dimension of reassembly parts with different variety. And the reassembly parts selection model is constructed based on the Markov Chain. Besides, the reassembly classification selection model and its flow chart are proposed by combining the researches above. Finally, the assembly process of remanufactured crankshaft is adopted as a representative example for illustrating the feasibility and the effectiveness of the method proposed.

Findings

The reassembly classification selection method based on the Markov Chain is an effective method in improving the utilization of remanufacturing parts/reused parts. The average utilization of remanufactured crankcase has increased from 35.7 to 80.1 per cent and the average utilization of reused crankcase has increased from 4.2 to 14 per cent as shown in the representative example.

Originality/value

The reassembly classification selection method based on the Markov Chain is of great importance in enhancing the economic benefit for remanufacturing enterprises by improving the utilization of remanufactured parts/reused parts.

Details

Assembly Automation, vol. 38 no. 4
Type: Research Article
ISSN: 0144-5154

Keywords

Article
Publication date: 12 June 2020

Ming-Huan Shou, Zheng-Xin Wang, Dan-Dan Li and Yi-Tong Zhou

Since the issuance in 2009, the digital currency has enjoyed an increasing popularity and has become one of the most important options for global investors. The purpose of this…

Abstract

Purpose

Since the issuance in 2009, the digital currency has enjoyed an increasing popularity and has become one of the most important options for global investors. The purpose of this paper is to propose a hybrid model ( KDJ–Markov chain) which integrates the advantages of the stochastic index (KDJ) and grey Markov chain methods and provide a useful decision support tool for investors participating in the digital currency market.

Design/methodology/approach

Taking Litecoin's closing price prediction as an example, the closing prices from May 2 to June 20, 2017, are used as the training set, while those from June 21 to August 9, 2017, are used as the test set. In addition, an adaptive KDJ–Markov chain is proposed to enhance the adaptability for dynamic transaction information. And the paper verifies the effectiveness of the KDJ–Markov chain method and adaptive KDJ–Markov chain method.

Findings

The results show that the proposed methods can provide a reliable foundation for market analysis and investment decisions. Under the circumstances the accuracy of the training set and the accuracy of the test set are 76% and 78%, respectively.

Practical implications

This study not only solves the problems that KDJ method cannot accurately predict the next day's state and the grey Markov chain method cannot divide the states very well, but it also provides two useful decision support tools for investors to make more scientific and reasonable decisions for digital currency where there are no existing methods to analyze the fluctuation.

Originality/value

A new approach to analyze the fluctuation of digital currency, in which there are no existing methods, is proposed based on the stochastic index (KDJ) and grey Markov chain methods. And both of these two models have high accuracy.

Details

Grey Systems: Theory and Application, vol. 11 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 23 March 2012

Boris Mitavskiy, Jonathan Rowe and Chris Cannings

The purpose of this paper is to establish a version of a theorem that originated from population genetics and has been later adopted in evolutionary computation theory that will…

Abstract

Purpose

The purpose of this paper is to establish a version of a theorem that originated from population genetics and has been later adopted in evolutionary computation theory that will lead to novel Monte‐Carlo sampling algorithms that provably increase the AI potential.

Design/methodology/approach

In the current paper the authors set up a mathematical framework, state and prove a version of a Geiringer‐like theorem that is very well‐suited for the development of Mote‐Carlo sampling algorithms to cope with randomness and incomplete information to make decisions.

Findings

This work establishes an important theoretical link between classical population genetics, evolutionary computation theory and model free reinforcement learning methodology. Not only may the theory explain the success of the currently existing Monte‐Carlo tree sampling methodology, but it also leads to the development of novel Monte‐Carlo sampling techniques guided by rigorous mathematical foundation.

Practical implications

The theoretical foundations established in the current work provide guidance for the design of powerful Monte‐Carlo sampling algorithms in model free reinforcement learning, to tackle numerous problems in computational intelligence.

Originality/value

Establishing a Geiringer‐like theorem with non‐homologous recombination was a long‐standing open problem in evolutionary computation theory. Apart from overcoming this challenge, in a mathematically elegant fashion and establishing a rather general and powerful version of the theorem, this work leads directly to the development of novel provably powerful algorithms for decision making in the environment involving randomness, hidden or incomplete information.

Article
Publication date: 1 November 2022

Qian Tang, Yuzhuo Qiu and Lan Xu

The demand for the cold chain logistics of agricultural products was investigated through demand forecasting; targeted suggestions and countermeasures are provided. This paper…

Abstract

Purpose

The demand for the cold chain logistics of agricultural products was investigated through demand forecasting; targeted suggestions and countermeasures are provided. This paper aims to discuss the aforementioned statement.

Design/methodology/approach

A Markov-optimised mean GM (1, 1) model is proposed to forecast the demand for the cold chain logistics of agricultural products. The mean GM (1, 1) model was used to forecast the demand trend, and the Markov chain model was used for optimisation. Considering Guangxi province as an example, the feasibility and effectiveness of the proposed method were verified, and relevant suggestions are made.

Findings

Compared with other models, the Markov-optimised mean GM (1, 1) model can more effectively forecast the demand for the cold chain logistics of agricultural products, is closer to the actual value and has better accuracy and minor error. It shows that the demand forecast can provide specific suggestions and theoretical support for the development of cold chain logistics.

Originality/value

This study evaluated the development trend of the cold chain logistics of agricultural products based on the research horizon of demand forecasting for cold chain logistics. A Markov-optimised mean GM (1, 1) model is proposed to overcome the problem of poor prediction for series with considerable fluctuation in the modelling process, and improve the prediction accuracy. It finds a breakthrough to promote the development of cold chain logistics through empirical analysis, and give relevant suggestions based on the obtained results.

Details

Kybernetes, vol. 53 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 February 1998

Jaana Aaltonen and Ralf Östermark

Discusses and empirically tests special cases of multiple‐chain mixed Markov latent class models with business data. The switches between negative and positive changes in…

Abstract

Discusses and empirically tests special cases of multiple‐chain mixed Markov latent class models with business data. The switches between negative and positive changes in earnings‐per‐share of firms are captured by alternative Markov models. The estimated response probabilities and state transition probabilities show interesting changes in the transformation patterns of the firms over time. Shows that Markov models can be valuable tools in predicting switches in profitability of firms.

Details

Kybernetes, vol. 27 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 January 2012

Markus Stowasser

The purpose of this paper is to investigate the best frequency description of a chain dependent Markov process for the daily simulation of precipitation. The influence of the…

Abstract

Purpose

The purpose of this paper is to investigate the best frequency description of a chain dependent Markov process for the daily simulation of precipitation. The influence of the order of the Markov chain model to simulate daily precipitation occurrence is evaluated. A mixed‐order model is constructed and compared to a simple first‐order model to evaluate the importance of the model order for the pricing of a rainfall index put option.

Design/methodology/approach

For the first time a mixed‐order Markov chain model is presented where the monthly varying order was chosen based on a Bayesian information criteria analysis of rainfall data for one weather station in the US. The outcome of this model is compared to simpler Markov models and to burn analysis results.

Findings

The comparison indicate that there is only a slightly better representation of the rain statistics in the theoretically best mixed‐order Markov chain model compared to a more simple first‐order model. Clear differences between the daily simulation and the burn method are found when pricing a put option on a rainfall index. All daily simulation models underestimate the volatility of the monthly rainfall amount especially in the summer months.

Research limitations/implications

To assess the robustness and any geographical dependence of the bias in the volatility a systematic analysis could be applied to more weather stations across the US in further studies.

Practical implications

The bias in the volatility has significant influence on the price of the put option considered here and limits the use of such a model for risk analyses, e.g. for an extreme event cover.

Originality/value

For the first time a multi‐order Markov chain model is applied to price a precipitation derivative. While the focus of previous studies was the appropriate choice for the intensity process, the importance of the frequency process is investigated in this paper.

Details

The Journal of Risk Finance, vol. 13 no. 1
Type: Research Article
ISSN: 1526-5943

Keywords

Article
Publication date: 20 May 2021

Jianfei Li, Bei Li, Kun Tang and Mengxia Sun

Based on the analysis of the dissipative structure of the retail service supply chain (RSSC), this paper divides the system into two internal and external dissipative mechanisms…

Abstract

Purpose

Based on the analysis of the dissipative structure of the retail service supply chain (RSSC), this paper divides the system into two internal and external dissipative mechanisms, including the internal performance dissipation mechanism and the perceived quality dissipation mechanism outside the system. Based on the prediction of RSSC performance, this paper aims to discuss the application of Hidden Markov Model (HMM) in this field and puts forward a set of complete process of forecasting the service supply chain (SSC) performance based on HMM model.

Design/methodology/approach

Based on the theory of dissipative structure, this paper selects the RSSC as the research object, analyzes the system characteristics of the dissipation structure of RSSC from three aspects, such as system opening type, distance from equilibrium state and nonlinear order and describes the quality fluctuation process of RSSC as a Hidden Markov process. Taking the RSSC of J Company as an example, this paper makes use of the observed state value of customer perceived service quality from 1997 to 2016, predicts the performance status of the enterprise's RSSC.

Findings

The research results show that: RSSC is a dissipative structure system, and its performance is the internal entropy flow of the system, and the customer perceived service quality is external, their interaction determines the dynamic evolution of the system dissipation structure, and the Markov property between supply chain performance and perceived service quality. There is a Markov property between supply chain performance and perceived service quality. Using the perceived service quality observation state data of the external consumers of the system can effectively predict the implicit state of RSSC performance. Based on this prediction result, the strategy adjustment and optimization of the action mechanism of internal and external entropy flow in the dissipative structure system can be carried out to promote the sustainable development of the RSSC.

Originality/value

This paper thinks that RSSC is a dissipative structure system and the SSC performance and customer perceived service quality are the internal and external entropy flow of the system, which determines the dynamic evolution of the system dissipation structure. There is a Markov property between supply chain performance and perceived service quality. The hidden state of SSC performance can be predicted effectively by using a hidden Markov model and observing state data of perceived service quality from consumers outside the system.

Article
Publication date: 2 November 2015

Renard Yung Jhien Siew

The purpose of this paper is to present the use of Markov chain to predict the behaviour of Australian real estate investment trusts (REITs) that are more highly valued in the…

Abstract

Purpose

The purpose of this paper is to present the use of Markov chain to predict the behaviour of Australian real estate investment trusts (REITs) that are more highly valued in the areas of environmental, social and governance (ESG).

Design/methodology/approach

For the empirical analysis, states is defined as the price interval between 10-day moving averages and daily closing prices. A total of 18 Australian ESG REITs were analysed.

Findings

The results show that there is inconsistency in the probabilities obtained for REIT prices across all four states: 1 (= −$0.05), 2 ( < −$0.05 to < $0.05], 3 ($0.05 < to = $0.1] and 4 ( > $0.1). The findings suggest that price movements are occurring in a random fashion and that ESG REITs do not necessarily have more superior performance.

Research limitations/implications

The scope of analysis is only from 2008 to 2014. This is attributed to the availability of the Experts in Responsible Investment Services dataset, which is used to determine the “greenness” of Australian REITs.

Originality/value

This research is original, not just in terms of the scope of analysis but also the methodology presented has not been applied to analyse REITs data.

Details

Journal of Financial Management of Property and Construction, vol. 20 no. 3
Type: Research Article
ISSN: 1366-4387

Keywords

Article
Publication date: 6 February 2017

Asli Özdemir and Güzin Özdagoglu

Prediction problems raised in uncertain environments require different solution approaches such as grey prediction models, which consider uncertainty in information and also…

Abstract

Purpose

Prediction problems raised in uncertain environments require different solution approaches such as grey prediction models, which consider uncertainty in information and also enable the use of small data sets. The purpose of this paper is to investigate the comparative performances of grey prediction models (GM) and Markov chain integrated grey models in a demand prediction problem.

Design/methodology/approach

The modeling process of grey models is initially described, and then an integrated model called the Grey-Markov model is presented for the convenience of applications. The analyses are conducted on a monthly demand prediction problem to demonstrate the modeling accuracies of the GM (1,1), GM (2,1), GM (1,1)-Markov, and GM (2,1)-Markov models.

Findings

Numerical results reveal that the Grey-Markov model based on GM (2,1) achieves better prediction performance than the other models.

Practical implications

It is thought that the methodology and the findings of the study will be a significant reference for both academics and executives who struggle with similar demand prediction problems in their fields of interest.

Originality/value

The novelty of this study comes from the fact that the GM (2,1)-Markov model has been first used for demand prediction. Furthermore, the GM (2,1)-Markov model represents a relatively new approach, and this is the second paper that addresses the GM (2,1)-Markov model in any area.

Details

Grey Systems: Theory and Application, vol. 7 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

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