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1 – 4 of 4Hamdi Ercan, Cüneyt Öztürk and Mustafa Akın
This paper aims to assess the impact of electrifying the environmental control system (ECS) and ice protection system (IPS), the primary pneumatic system consumers in a…
Abstract
Purpose
This paper aims to assess the impact of electrifying the environmental control system (ECS) and ice protection system (IPS), the primary pneumatic system consumers in a conventional commercial transport aircraft, on aircraft weight, range, and fuel consumption.
Design/methodology/approach
The case study was carried out on Airbus A321-200 aircraft. Design, modelling and analysis processes were carried out on Pacelab SysArc software. Conventional and electrical ECS and IPS architectures were modelled and analysed considering different temperature profiles.
Findings
The simulation results have shown that the aircraft model with ±270 VDC ECS and IPS architecture is lighter, has a more extended range and has less relative fuel consumption. In addition, the simulation results showed that the maximum range and relative fuel economy of all three aircraft models increased slightly as the temperature increased.
Practical implications
Considering the findings in this paper, it is seen that the electrification of the conventional pneumatic system in aircraft has positive contributions in terms of weight, power consumption and fuel consumption.
Social implications
The positive contributions in terms of weight, power consumption and fuel consumption in aircraft will be direct environmental and economic contributions.
Originality/value
Apart from the conventional ECS and IPS of the aircraft, two electrical architectures, 230 VAC and ±270 VDC, were modelled and analysed. To see the effects of the three models created in different temperature profiles, analyses were done for cold day, ISA standard day and hot day temperature profiles.
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Due to its high leverage nature, a bank suffers vitally from the credit risk it inherently bears. As a result, managing credit is the ultimate responsibility of a bank. In this…
Abstract
Due to its high leverage nature, a bank suffers vitally from the credit risk it inherently bears. As a result, managing credit is the ultimate responsibility of a bank. In this chapter, we examine how efficiently banks manage their credit risk via a powerful tool used widely in the decision/management science area called data envelopment analysis (DEA). Among various existing versions, our DEA is a two-stage, dynamic model that captures how each bank performs relative to its peer banks in terms of value creation and credit risk control. Using data from the largest 22 banks in the United States over the period of 1996 till 2013, we have identified leading banks such as First Bank systems and Bank of New York Mellon before and after mergers and acquisitions, respectively. With the goal of preventing financial crises such as the one that occurred in 2008, a conceptual model of credit risk reduction and management (CRR&M) is proposed in the final section of this study. Discussions on strategy formulations at both the individual bank level and the national level are provided. With the help of our two-stage DEA-based decision support systems and CRR&M-driven strategies, policy/decision-makers in a banking sector can identify improvement opportunities regarding value creation and risk mitigation. The effective tool and procedures presented in this work will help banks worldwide manage the unknown and become more resilient to potential credit crises in the 21st century.
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Javad Gerami, Mohammad Reza Mozaffari, Peter Wanke and Yong Tan
This study aims to present the cost and revenue efficiency evaluation models in data envelopment analysis in the presence of fuzzy inputs, outputs and their prices that the prices…
Abstract
Purpose
This study aims to present the cost and revenue efficiency evaluation models in data envelopment analysis in the presence of fuzzy inputs, outputs and their prices that the prices are also fuzzy. This study applies the proposed approach in the energy sector of the oil industry.
Design/methodology/approach
This study proposes a value-based technology according to fuzzy input-cost and revenue-output data, and based on this technology, the authors propose an approach to calculate fuzzy cost and revenue efficiency based on a directional distance function approach. These papers incorporated a decision-maker’s (DM) a priori knowledge into the fuzzy cost (revenue) efficiency analysis.
Findings
This study shows that the proposed approach obtains the components of fuzzy numbers corresponding to fuzzy cost efficiency scores in the interval [0, 1] corresponding to each of the decision-making units (DMUs). The models presented in this paper satisfies the most important properties: translation invariance, translation invariance, handle with negative data. The proposed approach obtains the fuzzy efficient targets corresponding to each DMU.
Originality/value
In the proposed approach, by selecting the appropriate direction vector in the model, we can incorporate preference information of the DM in the process of evaluating fuzzy cost or revenue efficiency and this shows the efficiency of the method and the advantages of the proposed model in a fully fuzzy environment.
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Behzad Paryzad and Kourosh Eshghi
This paper aims to conduct a fuzzy discrete time cost quality risk in the ambiguous mode CO2 tradeoff problem (FDTCQRP*TP) in a megaproject based on fuzzy ground.
Abstract
Purpose
This paper aims to conduct a fuzzy discrete time cost quality risk in the ambiguous mode CO2 tradeoff problem (FDTCQRP*TP) in a megaproject based on fuzzy ground.
Design/methodology/approach
A combinatorial evolutionary algorithm using Fuzzy Invasive Weed Optimization (FIWO) is used in the discrete form of the problem where the parameters are fully fuzzy multi-objective and provide a space incorporating all dimensions of the problem. Also, the fuzzy data and computations are used with the Chanas method selected for the computational analysis. Moreover, uncertainty is defined in FIWO. The presented FIWO simulation, its utility and superiority are tested on sample problems.
Findings
The reproduction, rearrangement and maintaining elite invasive weeds in FIWO can lead to a higher level of accuracy, convergence and strength for solving FDTCQRP*TP fuzzy rules and a risk ground in the ambiguous mode with the emphasis on the necessity of CO2 pollution reduction. The results reveal the effectiveness of the algorithm and its flexibility in the megaproject managers' decision making, convergence and accuracy regarding CO2 pollution reduction.
Originality/value
This paper offers a multi-objective fully fuzzy tradeoff in the ambiguous mode with the approach of CO2 pollution reduction.
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