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1 – 3 of 3Fangfang Shi, Shaojun Ji, David Weaver and Ming-Feng Huang
This study aims to examine the components and evolution of the Chinese wine festival market using the Dalian International Wine and Dine Festival (DIWDF) as a case study.
Abstract
Purpose
This study aims to examine the components and evolution of the Chinese wine festival market using the Dalian International Wine and Dine Festival (DIWDF) as a case study.
Design/methodology/approach
Adopting a longitudinal approach, survey data were collected from attendees of the first, fifth and seventh DIWDF in 2012, 2016 and 2018, respectively. Cluster analysis segmented attendees by wine and festival experience and consumption features. Comparative analysis was conducted to examine segment differences by demography, festival motivation, satisfaction and intention. Changes in segments over time were examined across the three times.
Findings
The following three clusters were identified: “wine-novice fest-newbies,” “occasional drinker fest-goers” and “wine-lover fest-enthusiasts.” Over the study period, the proportion of “wine-lover fest-enthusiasts” increased significantly while the percentages of the other two segments decreased, demonstrating the evolution of the Chinese wine festival market and their consumer impacts.
Practical implications
This study offers straightforward indicators of market value via consumption features for both wine businesses and festival organizers. The characteristics of the segments and their inter-linkage have important implications for developing product mix, targeting strategies, festival service design and market development.
Originality/value
This is the first known empirical research globally to investigate relationships among market segments both horizontally (differences between segments) and vertically (development over time) and to incorporate both wine- and festival-related consumption features.
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Keywords
Xiufeng Li, Shaojun Ma and Zhen Zhang
The Internet of Things (IoT) platform empowers the digital transformation of the manufacturing industry by providing information technology services. Simultaneously, it enters the…
Abstract
Purpose
The Internet of Things (IoT) platform empowers the digital transformation of the manufacturing industry by providing information technology services. Simultaneously, it enters the market by offering smart products to consumers. In light of different service fee scenarios, this article explores the optimal decision-making for the platform. It investigates the pricing models and entry decisions of IoT platforms.
Design/methodology/approach
In this study, we have formulated a game-theoretic model to scrutinize the influence of the IoT platform ventured into the smart device market on the pre-existing suppliers operating under subscription-based and usage-based pricing agreements.
Findings
Our outcome shows that introducing an IoT platform’s smart device has a differential effect on manufacturers depending on their contract type. Notably, our research indicates that introducing the platform’s own smart device within the subscription-based model does not negatively impact the profitability of incumbent manufacturers, so long as there is a noticeable discrepancy in the quality of the smart devices. However, our findings within the usage-based model demonstrate that despite the variance in smart device quality differentiation, the platform’s resolution to launch their device and impose their pricing agreements adversely affects established manufacturers. Additionally, we obtain valuable Intel regarding the platform’s entry strategies and contractual inclinations. We demonstrate that the platform is incentivized to present its smart device when reasonable entry costs remain. Furthermore, the platform prefers subscription-based contracts when the subscription fee is relatively high in non-platform entry and entry cases.
Originality/value
These findings hold significant practical implications for firms operating in an IoT-based supply chain.
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Zhongkai Shen, Shaojun Li, Zhenpeng Wu, Bowen Dong, Wenyan Luo and Liangcai Zeng
This study aims to investigate the effects of irregular groove textures on the friction and wear performance of sliding contact surfaces. These textures possess multiple depths…
Abstract
Purpose
This study aims to investigate the effects of irregular groove textures on the friction and wear performance of sliding contact surfaces. These textures possess multiple depths and asymmetrical features. To optimize the irregular groove texture structure of the sliding contact surface, an adaptive genetic algorithm was used for research and optimization purposes.
Design/methodology/approach
Using adaptive genetic algorithm as an optimization tool, numerical simulations were conducted on surface textures by establishing a dimensionless form of the Reynolds equation and setting appropriate boundary conditions. An adaptive genetic algorithm program in MATLAB was established. Genetic iterative methods were used to calculate the optimal texture structure. Genetic individuals were selected through fitness comparison. The depth of the groove texture is gradually adjusted through genetic crossover, mutation, and mutation operations. The optimal groove structure was ultimately obtained by comparing the bearing capacity and pressure of different generations of micro-convex bodies.
Findings
After about 100 generations of iteration, the distribution of grooved textures became relatively stable, and after about 320 generations, the depth and distribution of groove textures reached their optimal structure. At this stage, irregular texture structures can support more loads by forming oil films. Compared with regular textures, the friction coefficient of irregular textures decreased by nearly 47.01%, while the carrying capacity of lubricating oil films increased by 54.57%. The research results show that irregular texture structures have better lubrication characteristics and can effectively improve the friction performance of component surfaces.
Originality/value
Surface textures can enhance the friction and lubrication performance of metal surfaces, improving the mechanical performance and lifespan of components. However, surface texture processing is challenging, as it often requires multiple experimental comparisons to determine the optimal texture structure, resulting in high trial-and-error costs. By using an adaptive genetic algorithm as an optimization tool, the optimal surface groove structure can be obtained through simulation and modeling, effectively saving costs in the process.
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