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1 – 7 of 7Jihong Chen, Renjie Zhao, Wenjing Xiong, Zheng Wan, Lang Xu and Weipan Zhang
The paper aims to identify the contributors to freight rate fluctuations in the Suezmax tanker market; this study selected the refinery output, crude oil price, one-year charter…
Abstract
Purpose
The paper aims to identify the contributors to freight rate fluctuations in the Suezmax tanker market; this study selected the refinery output, crude oil price, one-year charter rate and fleet development as the main influencing factors for the market analysis.
Design/methodology/approach
The paper used the vector error correction model to evaluate the degree of impact of each influencing factor on Suezmax tanker freight rates, as well as the interplay between these factors.
Findings
The conclusion and results were tested using the 20-year data from 1999 to 2019, and the methodology and theory of this paper were proved to be effective. Results of this study provide effective reference for scholars to find the law of fluctuations in Suezmax tanker freight rates.
Originality/value
This paper provides a decision-making support tool for tanker operators to cope with fluctuation risks in the tanker shipping market.
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Keywords
Shufeng Tang, Renjie Huang, Guoqing Zhao and Guoqing Wang
The purpose of this paper is that the modular mobile robots reformed the multimachine joint mode to achieve obstacle-crossing, climbing and other multifunctional inspection in…
Abstract
Purpose
The purpose of this paper is that the modular mobile robots reformed the multimachine joint mode to achieve obstacle-crossing, climbing and other multifunctional inspection in unstructured environment under the connection of the cone–hole docking mechanism.
Design/methodology/approach
An arc-shaped docking cone head with a posture-maintaining spring and two arc-shaped connecting rods that formed a ring round hole were designed to achieve large tolerance docking. Before active locking, the coordination between structures was used to achieve passive locking, which mitigated the docking impact of modular robots in unstructured environment. Using the locking ring composed of the two arc-shaped connecting rods, open-loop and closed-loop motion characteristics were obtained through the mutual motion of the connecting rod and the sliding block to achieve active locking, which not only ensured high precision docking, but also achieved super docking stability.
Findings
The cone–hole docking mechanism had the docking tolerance performance of position deviation of 6mm and pitch deviation of 8° to achieve docking of six degrees of freedom (6-DOF), which had a load capacity of 230 N to achieve super docking stability. Under the connection of the cone–hole docking mechanism, the modular mobile robots reformed the multimachine joint mode to achieve obstacle-crossing, climbing and other multifunctional inspection in unstructured environment.
Originality/value
Based on mechanical analysis of universal models, a cone–hole docking mechanism combining active and passive functions, six-dimensional constraints could be implemented, was proposed in this paper. The characteristics of the posture-maintaining spring in the cone docking head and the compression spring at the two ends of two arc-shaped connecting rods were used to achieve docking with large tolerance. Passive locking and active locking modules were designed, mitigating impact load and the locking did not require power to maintain, which not only ensured high precision docking, but also achieved super docking stability.
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Yanliang Niu, Renjie Zhang, Guangdong Wu and Qianwen Zhou
This study explores whether the peer effects of internationalization exist within the subdivision industry of enterprises in the engineering field and assesses the imitation paths…
Abstract
Purpose
This study explores whether the peer effects of internationalization exist within the subdivision industry of enterprises in the engineering field and assesses the imitation paths for the peer engineering enterprises within the industry when implementing internationalization strategies under the peer effects.
Design/methodology/approach
This study collected secondary and objective data on 38 Chinese engineering enterprises from the Engineering News-Record's list of the top 250 international contractors between 2013 and 2021. It employed a regression analysis to test the research hypotheses.
Findings
The findings reveal that in the process of internationalization: (1) peer effects exist within the subdivision industry of internationalization of engineering enterprises; (2) engineering enterprises within the same industry and region imitate each other; (3) non-state-owned engineering enterprises imitate state-owned engineering enterprises within the same industry; and (4) in the industry follower–leader imitation process, industry followers imitate leaders according to enterprise size and return on assets.
Originality/value
The results contribute to a better understanding of how peer effects influence engineering enterprises' internationalization process. This study also proposes imitation paths based on the law of imitation to provide recommendations for engineering enterprises' better development in the international market.
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Jie Ren, Huimin Zhao, Jinchang Ren and Shi Cheng
Effective and robust motion estimation with sub-pixel accuracy is essential in many image processing and computer vision applications. Due to its computational efficiency and…
Abstract
Purpose
Effective and robust motion estimation with sub-pixel accuracy is essential in many image processing and computer vision applications. Due to its computational efficiency and robustness in the presence of intensity changes as well as geometric distortions, phase correlation in the Fourier domain provides an attractive solution for global motion estimation and image registration. The paper aims to discuss these issues.
Design/methodology/approach
In this paper, relevant sub-pixel strategies are categorized into three classes, namely, single-side peak interpolation, dual-side peak interpolation and curve fitting. The well-known images “Barbara” and “Pentagon” were used to evaluate the performance of eight typical methods, in which Gaussian noise was attached in the synthetic data.
Findings
For eight such typical methods, the tests using synthetic data have suggested that considering dual-side peaks in interpolation or fitting helps to produce better results. In addition, dual-side interpolation outperforms curve fitting methods in dealing with noisy samples. Overall, Gaussian-based dual-side interpolation seems the best in the experiments.
Originality/value
Based on the comparisons of eight typical methods, the authors can have a better understanding of the phase correlation for motion estimation. The evaluation can provide useful guidance in this context.
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Zijian Zhang, Yuanying Xu, Lijiao Meng, Renjie Luo and Jun Huang
This paper investigates the dual interactive effects of manufacturer encroachment on the supply chain and retailer provision of retail services.
Abstract
Purpose
This paper investigates the dual interactive effects of manufacturer encroachment on the supply chain and retailer provision of retail services.
Design/methodology/approach
Consider a supply chain dominated by manufacturers, retailers, and e-commerce platforms, with the manufacturers selling the same product online and offline. Utilizing Stackelberg’s game theory, examples of wholesale and retail prices and profits of participants in the supply chain under different channels are analyzed. An effective encroachment strategy for manufacturers facing different retail service investment strategies of traditional retailers is given.
Findings
When traditional retailers do not invest in retail services, they will lose more profit due to competition with the manufacturer. At this time, the retailer does not want the manufacturer to encroach. The traditional retailer’s investment in retail services will enhance its and the manufacturer’s profits, incentivizing the manufacturer to pursue an aggressive expansion strategy.
Originality/value
(1) Considers a situation where the selling efficiency of the manufacturer is lower than that of the traditional retailer. (2) The interaction between traditional retailers’ retail service investment strategies and manufacturers’ encroachment strategies is investigated where the manufacturer is the dominant player. The three modes of online direct sales, resale, and third-party platform agency are compared to provide a basis for decision-making on different types of manufacturers’ encroachment. (3) Offline retail services not only directly increase sales in the offline market but also indirectly have a negative effect on the online market.
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Yanliang Niu, Chang Dai, Renjie Zhang and Hongjiang Yao
This study is devoted to examining the peer effects of engineering enterprises’ internationalization from the viewpoint of industry subdivision and how information and competition…
Abstract
Purpose
This study is devoted to examining the peer effects of engineering enterprises’ internationalization from the viewpoint of industry subdivision and how information and competition alter peer effects. Furthermore, the heterogeneity of peer effects is analyzed based on manager characteristics.
Design/methodology/approach
In this study, multiple regression analysis was conducted on a sample of 38 Chinese engineering enterprises listed in the Engineering News-Record’s top 250 international contractors over the period of 2013–2021. This study collected the paired data from the enterprise annual reports and the China Stock Market & Accounting Research database.
Findings
The results reveal that (1) there exist peer effects within the subdivided industry of the engineering field; the quality of information disclosure of peer enterprises and degree of market competition moderate the peer effects; (2) the peer effects of internationalization are more pronounced in engineering enterprises with managers who have lower ability, hold greater power or are older.
Practical implications
The findings of this study contribute to understanding the peer effect in the process of internationalization of engineering enterprises, and help enterprises to effectively supervise the irrational behavior of top managers, so as to develop better internationalization strategies.
Originality/value
The results extend peer effects to the subdivision industry of the engineering field. Furthermore, this study also enriches the relevant research on peer effects among enterprises by empirically supporting the moderating role of information and competition as well as analyzing the heterogeneity of the peer effects from the perspective of manager characteristics.
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Jian Lu, Suduo Xue, Renjie Liu and Xiongyan Li
In order to optimize SCSWIRC, the simplification and further optimization method is proposed. SCSWIRC's optimization includes two levels. The first level refers to simplifying…
Abstract
Purpose
In order to optimize SCSWIRC, the simplification and further optimization method is proposed. SCSWIRC's optimization includes two levels. The first level refers to simplifying structural system from the perspective of components; the second level refers to optimizing components' sectional areas from the perspective of mechanics. The first level aims to remove redundant components, and the second level aims to reduce structural self-weight based on the first level. The purpose of the paper is to simplify SCSWIRC's structural system and optimize structural self-weight and reduce construction forming difficulty.
Design/methodology/approach
Grid-jumping layout and multi-objective optimization method is used to simplify and further optimize Spatial cable-truss structure without inner ring cables (SCSWIRC). Grid-jumping layout is used to simplify remove redundant components, and multi-objective optimization method is used to reduce structural self-weight. The detailed solving process is given based on grid-jumping layout and multi-objective optimization method.
Findings
Take SCSWIRC with a span of 100m as an example to verify the feasibility and correctness of the simplification and further optimization method. The optimization results show that 12 redundant components are removed and the self-weight reduces by 3.128t from original scheme to grid-jumping layout scheme 1. The self-weight reduces from 36.007t to 28.231t and feasible coefficient decreases from 1.0 to 0.627 from grid-jumping layout scheme 1 to multi-objective optimization scheme. The simplification and further optimization can not only remove the redundant components and simplify structural system to reduce construction forming difficulty, but also optimize structural self-weight under considering structural stiffness to reduce project costs.
Originality/value
The proposed method firstly simplifies SCSWIRC and then optimizes the simplified SCSWIRC, which can solve the optimization problem from the perspective of components and mechanics. Meanwhile, the optimal section solving method can be used to obtain circular steel tube size with the optimal stiffness of the same areas. The proposed method successfully solves the problem of construction forming and project cost, which promotes the application of SCSWIRC in practical engineering.
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