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Article
Publication date: 5 September 2016

Reza Alibakhshi and Mohammad Reza Sadeghi Moghadam

The purpose of this paper is to consider compromise solutions of multiple attribute decision-making methods (TOPSIS, VIKOR, and similarity-based approach) in order to evaluate and…

Abstract

Purpose

The purpose of this paper is to consider compromise solutions of multiple attribute decision-making methods (TOPSIS, VIKOR, and similarity-based approach) in order to evaluate and rank mutual funds and to compare the capabilities of different approaches based on the different traditional indices of mutual funds assessment. In addition, a new algorithm for ranking mutual funds was proposed subsequently.

Design/methodology/approach

In this research, three groups of indices including general, risk-modified performance evaluation, and risk-modified performance evaluation indices using semivariance were used in the mutual funds assessment, which led to the comparison between selected mutual funds, using three mentioned methods and three different groups of criteria. The results of this comparison were compiled and synthesized with linear assignment method. At the end, an algorithm for decision making and investing in mutual funds for professional and unprofessional investors was proposed.

Findings

Using different methods and different criteria proved that the results of similarity-based approach as a MADM technique have the ability to rank and evaluate mutual funds regardless of the criteria used compared to TOPSIS and VIKOR. Furthermore, the authors propose the algorithm of this research as a new model of mutual funds evaluation which considers a wide range of variables with respect to amateur and professional points of view.

Originality/value

The originality of this paper is threefold: first, different criteria were considered to make the evaluation more comprehensive. Second, four different approaches were used to make the results more authentic. Third, a holistic algorithm with its implication was proposed.

Article
Publication date: 27 March 2023

Iman Ansari, Masoud Barati, Mohammad Reza Sadeghi Moghadam and Morteza Ghobakhloo

Considering the importance and the broad applications of the Fourth Industrial Revolution in various organizations and industries and enjoying the many benefits of this digital…

644

Abstract

Purpose

Considering the importance and the broad applications of the Fourth Industrial Revolution in various organizations and industries and enjoying the many benefits of this digital transformation framework, organizations need to measure their Industry 4.0 readiness as a starting point and take steps to achieve the strategic goals of Industry 4.0. This study aims to design a comprehensive and practical model that can determine Industry 4.0 readiness level, allowing organizations to implement and exploit technological constituents of this phenomenon.

Design/methodology/approach

A systematic literature review (SLR) methodology was used to evaluate and summarize a clear and comprehensive literature overview of Industry 4.0 readiness models and to certify the validity and transparency of the review process. After reviewing 71 articles and survey and then the consensus of Industry 4.0 experts, the 10 dimensions of the 4.0 Industry readiness model were finalized with their indicators having the most frequency in the published articles and models.

Findings

The application of the SLR to the development of the new Industry 4.0 readiness model which includes 10 dimensions and 37 indicators and can assess the Industry 4.0 readiness of firms and industries accurately and effectively.

Research limitations/implications

An extensive review of the previous literature yielded the current Industry 4.0 readiness model. The comprehensiveness of this model leads to its wide application in different companies. Future research suggestions are presented at the end of the manuscript.

Practical implications

The concept of the Fourth Industrial Revolution and the application of its technologies are vague and complicated for many organizations and managers, while the need to implement the components and technologies of Industry 4.0 is essential to achieve organizational goals. The presented readiness model helps companies to measure their readiness to enter the Fourth Industrial Revolution and achieve long-term goals.

Originality/value

In this study, an attempt was made to examine the Industry 4.0 readiness models thoroughly and extensively and identify their different approaches. Finally, a comprehensive and multi-dimensional readiness model is presented to assess the position of organizations in order to enter Industry 4.0.

Details

International Journal of Quality & Reliability Management, vol. 40 no. 10
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 24 January 2018

Tooraj Karimi, Mohammad Reza Sadeghi Moghadam and Amirhosein Mardani

This paper aims to design an expert system that gets data from researchers and determines their maturity level. This system can be used for determining researchers’ support…

Abstract

Purpose

This paper aims to design an expert system that gets data from researchers and determines their maturity level. This system can be used for determining researchers’ support programs as well as a tool for researchers in research-based organizations.

Design/methodology/approach

This study focuses on designing the inference engine as a component of an expert system. To do so, rough set theory is used to design rule models. Various complete, discretizing and reduction algorithms are used in this paper, and different models were run.

Findings

The proposed inference engine has the validity of 99.8 per cent, and the most important attributes to determine the maturity level of researchers in this model are “commitment to research” and “attention to research plan timeline”.

Research limitations/implications

To accurately determine researchers’ maturity model, solely referring to documents and self-reports may reduce the validation. More validation could be reached through using assessment centers for determining capabilities of samples and observations in each maturity level.

Originality/value

The assessment system for the professional maturity of researchers is an appropriate tool for funders to support researchers. This system helps the funders to rank, validate and direct researchers. Furthermore, it is a valid criterion for researchers to evaluate and improve their abilities. There is not any expert system to assess the researches in literature, and all models, frameworks and software are conceptual or self-assessment.

Details

Kybernetes, vol. 47 no. 7
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 27 July 2021

Anahita Farhang Ghahfarokhi, Taha Mansouri, Mohammad Reza Sadeghi Moghaddam, Nila Bahrambeik, Ramin Yavari and Mohammadreza Fani Sani

The best algorithm that was implemented on this Brazilian dataset was artificial immune system (AIS) algorithm. But the time and cost of this algorithm are high. Using asexual…

Abstract

Purpose

The best algorithm that was implemented on this Brazilian dataset was artificial immune system (AIS) algorithm. But the time and cost of this algorithm are high. Using asexual reproduction optimization (ARO) algorithm, the authors achieved better results in less time. So the authors achieved less cost in a shorter time. Their framework addressed the problems such as high costs and training time in credit card fraud detection. This simple and effective approach has achieved better results than the best techniques implemented on our dataset so far. The purpose of this paper is to detect credit card fraud using ARO.

Design/methodology/approach

In this paper, the authors used ARO algorithm to classify the bank transactions into fraud and legitimate. ARO is taken from asexual reproduction. Asexual reproduction refers to a kind of production in which one parent produces offspring identical to herself. In ARO algorithm, an individual is shown by a vector of variables. Each variable is considered as a chromosome. A binary string represents a chromosome consisted of genes. It is supposed that every generated answer exists in the environment, and because of limited resources, only the best solution can remain alive. The algorithm starts with a random individual in the answer scope. This parent reproduces the offspring named bud. Either the parent or the offspring can survive. In this competition, the one which outperforms in fitness function remains alive. If the offspring has suitable performance, it will be the next parent, and the current parent becomes obsolete. Otherwise, the offspring perishes, and the present parent survives. The algorithm recurs until the stop condition occurs.

Findings

Results showed that ARO had increased the AUC (i.e. area under a receiver operating characteristic (ROC) curve), sensitivity, precision, specificity and accuracy by 13%, 25%, 56%, 3% and 3%, in comparison with AIS, respectively. The authors achieved a high precision value indicating that if ARO detects a record as a fraud, with a high probability, it is a fraud one. Supporting a real-time fraud detection system is another vital issue. ARO outperforms AIS not only in the mentioned criteria, but also decreases the training time by 75% in comparison with the AIS, which is a significant figure.

Originality/value

In this paper, the authors implemented the ARO in credit card fraud detection. The authors compared the results with those of the AIS, which was one of the best methods ever implemented on the benchmark dataset. The chief focus of the fraud detection studies is finding the algorithms that can detect legal transactions from the fraudulent ones with high detection accuracy in the shortest time and at a low cost. That ARO meets all these demands.

Article
Publication date: 20 February 2020

Yalda Sadeghpour, Aliakbar Taheraghdam, Mohammad Khalili, Mazyar Hashemilar, Elyar Sadeghi Hokmabadi, Sheyda Shaafi, Mehdi Farhoudi, Seyed Kazem Shakouri, Nasim Rezaeimanesh and Daryoush Savadi Osgouei

Although the pathogenesis of stroke is not yet completely elucidated, factors such as oxidative stress and inflammation have been shown to play an important role in this regard…

Abstract

Purpose

Although the pathogenesis of stroke is not yet completely elucidated, factors such as oxidative stress and inflammation have been shown to play an important role in this regard. The purpose of this paper is to investigate the effects of whey protein plus lipoic acid on the inflammatory and oxidative stress markers and the prognosis in acute ischemic stroke (AIS) patients.

Design/methodology/approach

A double-blind, randomized controlled clinical trial was conducted among 42 patients with the first episode of AIS at the Imam Reza Hospital of the Tabriz University of Medical Sciences. The blind research staff randomly assigned patients to two groups of receiving usual hospital gavage (control group) and 1,200 mg of lipoic acid plus 20 g of whey protein in addition to usual hospital gavage (intervention group) for midday meal. Levels of albumin, Interleukin-6 (IL-6), tumor necrosis factor (TNF-α), high-sensitivity C-reactive protein (hs-CRP) and clinical outcomes including severity of neurologic damage according to National Institutes of Health Stroke Scale (NIHSS) and functional state based on modified Rankin Scale (mRS) were evaluated initially and three weeks later.

Findings

There were no significant differences in demographic and baseline characteristics between the two groups (p > 0.05). After three weeks, hs-CRP (p <* 0.01), IL-6 (p = 0.02) and TNF-α (p = 0.01) levels significantly reduced in the intervention group, but no significant changes were observed in cases of albumin, malondialdehyde (MDA) and total antioxidant capacity (TAC) in this group (p > 0.05). Instead, only IL-6 decreased significantly in the control group (p <* 0.01). In addition, comparing changes of assessed variables between two groups showed no significant improvement in the whey protein plus lipoic acid supplementation group vs the control group (p > 0.05). While there was significant betterment in clinical prognosis parameters within groups, no significant changes were found between groups.

Originality/value

The investigation implied that whey protein plus lipoic acid supplementation has no significant effects on inflammatory and oxidative stress markers compared to the control group of AIS patients. More studies in this field are needed to approve the result.

Details

Nutrition & Food Science , vol. 50 no. 6
Type: Research Article
ISSN: 0034-6659

Keywords

Article
Publication date: 15 December 2020

Reza Hafezi, Ahmad Borumand Kakhki, Maziar Attari, Zohreh Besharati Rad and Ashraf Sadat Pasandideh

Many devices needed electrical power to work, thus, major energy carriers such as oil and gas were used to generate electrical power via converter mechanisms and special…

Abstract

Purpose

Many devices needed electrical power to work, thus, major energy carriers such as oil and gas were used to generate electrical power via converter mechanisms and special technologies. The microturbine is a developed technology that is remarkable for its relatively high performance and ability to use several types of fuels. Microturbines are economically feasible because of the production of combined heat and power and small-scale applicability. This study aims to investigate microturbine technology development to support modern energy access in a developing country (i.e. Iran).

Design/methodology/approach

This paper presents a technology foresight methodology to create plausible futures of microturbine development in Iran when the country faces different driving forces and uncertainties. On other hand, the paper deals with a theoretical question: how to select appropriate foresight methodology? A procedure is proposed, which equipped the research team to select appropriate method combinations based on Popper’s diamond. Finally, the selected methodology includes defining focal issues environmental scanning and patent analysis aimed at developing five plausible scenarios for microturbine development future in Iran and creating shared visions among policymakers.

Findings

This paper proposed a series of scenarios on the path to developing microturbine technology. The scenario development logic in a participatory way contains a common four-quarter technique that attempts to depict scenarios based on two critical uncertainties inclusive energy price and technology obsolescence, which will shape the future. Also, a scenario is presented to describe a wild card that can disturb the desired futures. Such materials help decision-makers to policies under plausible conditions that guarantee a robust policy basket.

Originality/value

The originality of this paper can be studied based on two aspects, first, the methodology that provides a systematic method selections procedure in an emerging complex technology development program. Second, from the practical aspect, this paper is one of the very first attempts to manage the microturbine technology development program. Then, results are used to feed the policy-making process in Iran.

Details

foresight, vol. 23 no. 3
Type: Research Article
ISSN: 1463-6689

Keywords

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