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In the ongoing Industry 4.0 era, the internet of things (IoT) has become a global race in the current information technology climate. However, little is understood about the pattern of the global competitive arena or its players’ set up strategy. This paper aims to attempt to compare the cross-country development of the IoT industry. In particular, from the lens of industrial policies, this paper highlights how China, as a latecomer, gains momentum to emerge victorious as a leader in this global race.

Based on five dimensions, namely, foundation, trajectory, characteristic, application and social impacts, this paper presents the evolution of the IoT industry in the USA, European Union, Japan, South Korea and China. From the lens of windows of opportunities, this paper analyzes how China seized the opportunity with the emerging technology, thereby, enabling it to create a competitive advantage.

This paper finds that China’s IoT industry takes a distinct trajectory, where scientific institutions, enterprises and governmental policies collaborate in unison, during which the first phase was when scientific research institutions introduced the conceptual new technology from developed countries. This technological foresight allowed for the identification and realization of critical technologies, strategic fields and technological trends. The second phase was the continuous dissatisfaction of capabilities of critical technologies, which creates disruptions that significantly altered the environment of technological competition.

This paper provides a comprehensive and comparative review of IoT industries in a global context, with the critical and influential role of the windows of opportunities on those enterprises lagging behind the technological wave.

The purpose of this paper is to present a scan matching simultaneous localization and mapping (SLAM) algorithm based on particle filter to generate the grid map online. It mainly focuses on reducing the memory consumption and alleviating the loop closure problem.

The proposed method alleviates the loop closure problem by improving the accuracy of the robot’s pose. First, two improvements were applied to enhance the accuracy of the hill climbing scan matching. Second, a particle filter was used to maintain the diversity of the robot’s pose and then to supply potential seeds to the hill climbing scan matching to ensure that the best match point was the global optimum. The proposed method reduces the memory consumption by maintaining only a single grid map.

Simulation and experimental results have proved that this method can build a consistent map of a complex environment. Meanwhile, it reduced the memory consumption and alleviates the loop closure problem.

In this paper, a new SLAM algorithm has been proposed. It can reduce the memory consumption and alleviate the loop closure problem without lowering the accuracy of the generated grid map.

The purpose of this paper is to explore the impact of the Kijima Type II imperfect repair model on the availability of repairable systems (RS). Since many individuals are interested in measuring the extent to which the system will be available after it has been run for a long time, the specific interest in this study is in the steady-state (limiting) availability behavior of such systems. Furthermore, the authors study the impact of age-based preventive maintenance (PM) on the RS performance.

Because of the complexity of the underlying assumptions of the Kijima Type II model, the authors use simulation modeling to estimate the system availability. Based on preliminary simulation results, the availability function achieves a steady-state value greater than zero. The system steady-state availability is then estimated from the simulation output by computing the average of the availability estimates beyond the initial transient period. Next, the authors develop a meta-model to convert the system reliability and maintainability parameters into the coefficients of the limiting availability estimate without the simulation effort. Using a circumscribed central composite experimental design, the authors confirm the accuracy of the meta-model.

The results show that the meta-model is robust, and provides good estimates of the system limiting availability. Also, the authors find that when using a Kijima Type II model for a system repair process, age-based PM can improve the steady-state availability value. Therefore, an optimal age-based PM policy that maximizes the system’s steady-state availability can be identified.

In practice, it is important to study the system steady-state availability because many individuals, i.e. engineers, are more interested in measuring the extent to which the system will be available after it has been run for a long time. Therefore, this study represents a significant addition to the body of knowledge related to virtual age modeling, in that it incorporates a Kijima type II model and considers system steady-state availability.

Because submaps including a subset of the global map contain more environmental information, submap-based graph simultaneous localization and mapping (SLAM) has been studied by many researchers. In most of those studies, helpful environmental information was not taken into consideration when designed the termination criterion of the submap construction process. After optimizing the graph, cumulative error within the submaps was also ignored. To address those problems, this paper aims to propose a two-level optimized graph-based SLAM algorithm.

Submaps are updated by extended Kalman filter SLAM while no geometric-shaped landmark models are needed; raw laser scans are treated as landmarks. A more reasonable criterion called the uncertainty index is proposed to combine with the size of the submap to terminate the submap construction process. After a submap is completed and a loop closure is found, a two-level optimization process is performed to minimize the loop closure error and the accumulated error within the submaps.

Simulation and experimental results indicate that the estimated error of the proposed algorithm is small, and the maps generated are consistent whether in global or local.

The proposed method is robust to sparse pedestrians and can be adapted to most indoor environments.

In this paper, a two-level optimized graph-based SLAM algorithm is proposed.

The purpose of this paper is to solve the optimal dynamic portfolio problem under the double-exponential jump diffusion (DEJD) distribution, which can allow the asset returns to jump asymmetrically.

The authors solve the problem by solving the HJB equation. Meanwhile, in the presence of jump component in the asset returns, the investor may suffer a large loss due to high leveraged position, so the authors impose the short-sale and borrowing constraints when solving the optimization problem.

The authors provide sufficient conditions such that the optimal solution exists and show theoretically that the optimal risky asset weight is an increasing function of jump-up probability and average jump-up size and a decreasing function of average jump-down size.

In this study, the authors assume that the jump-up and jump-down intensities are constant. In the future, the authors will relax the assumption and allows the jump intensities to be time varying.

Empirical studies based on Chinese Shanghai stock index data show that the jump distribution of Shanghai index returns is asymmetric, and the DEJD model can fit the data better than the log-normal jump-diffusion model. The numerical results are consistent with the theoretical prediction, and the authors find that the less risk-averse investor will suffer more economic cost if ignoring asymmetric jump distribution.

This study first examines how asymmetric jumps affect the investor’s portfolio allocation.

The purpose of this paper is to investigate the mechanism of sheets ply separation induced by air flow through numerical simulation with two-way FSI (fluid-structure interaction) simulation using ANSYS and theoretical speculation.

The paper primarily establishes a simplified physical model of the sheets ply separation induced by air flow. Then, the force of the air flow acting on the sheet has been analyzed based on the model, and the main factor leading to separation was obtained. Furthermore, the parameter analysis was investigated based on linear stability analysis, from which the factors that affect stable separation are obtained. Finally, a series of numerical simulations are performed to verify the conclusions.

This study shows that the main separation factor is the variable air pressure in the gap between the sheets caused by the dynamic pressure air flow. Increasing the inlet velocity of the flow field will increase the separation distance but excessive velocity will lead to instability. The viscous resistance acting on the sheet and the bending stiffness of the sheet are factors that stabilize the system, and the sheet density and the restoring force can lead to instability.

The paper is one of the first in the literature that investigates the problem of sheets ply separation induced by air flow, which is the primary method for multi-layer separation in sheets de-stacking operations, especially for the high-speed occasion.

This research explores the intricate dynamics of national interests realised through Japan's official development assistance (ODA) to China. It aims to deepen the understanding of these mechanisms, detailing the extent to which Japan has accomplished its national interests.

The paper applies the role theory and narrative analysis to elucidate Japan's national role conception and its categories of national interests with regards to its ODA policy. It utilises both qualitative and quantitative methods to examine the success rate in achieving Japan's diplomatic objectives and how those interests have manifested over time.

The findings suggest a mixed outcome. Whilst Japan's ODA to China has helped in expanding trade and fostering mutual understanding and cooperation, it has been less successful in promoting democratic governance in China or effectively counterbalancing China's regional power. Hence, the realisation of national interests through ODA is a complex process contingent upon numerous factors.

This study stands out for its multifaceted approach in examining Japan's ODA policy towards China, integrating both quantitative and qualitative methodologies and applying the role theory in the context of international development aid. It fills a significant gap in the literature by analysing the interplay between national interests and foreign aid, providing nuanced insights into the successes and challenges of Japan's pursuit of its diplomatic objectives. The study's findings have important implications for understanding the complexity of international aid dynamics and can inform future policy decisions in the realm of international relations and foreign aid.

As the information asymmetry and credit rationing are existing, SMEs are finding it difficult to gain bank credit. Trade credit, as a one off substitution, gives another access to SME finance. The purpose of this paper is to examine the effects between inter‐corporate relationships (including the direct‐relationship and indirect‐relationship) and trade credit.

Following the mainstream of qualitative and quantitative research, this paper examines the relationship between SMEs and their analysis of the commercial credit financing. In the empirical research, through text‐analysis to build the variable of “the number of unions that enterprises take part in”. First, find the relate union through “baidu and googel” by the keywords of enterprise's name and the Union; then two persons select and determine which the enterprise may take part in and calculate the number. For that which cannot make sure, ask the third person. Learning from the HHI‐index, the paper calculates according to the amount and times of the enterprise related transactions to build the variable of “the concentration of enterprises related transactions”. Based on three years panel data (from 2007 to 2009) of 196 small and medium listed companies, this paper establishes the empirical models and examines the effects between inter‐corporate relationship and trade credit through the random effect model.

The paper finds that: SMEs must pay attention to inter‐enterprise relationship management. Without the power and status owned by large enterprises, SMEs have to learn how to survive in the complex and changing environment. The managers of SMEs have to develop their skills to manage the inter‐enterprise relationship. It finds the effects between inter‐enterprise relationship and trade credit seem like a “U” shape. SMEs should take part in associations wittingly and establish the relationship with the others, as all economic activities are embedded in the social network. This research shows that participating in the business associations, especially provincial associations, has a positive impact to gain trade credit.

This paper breaks through the traditional SMEs' financing theories. In this paper, the individual level theories have been extended to the organizational level. This paper also expands the study of the social capital theory and gives a more tolerable empirical test.

This paper aims at examining the emergence of the current structure of the real estate agency businesses in Beijing in the age of information technology.

The study utilises the analytical framework developed under the Grounded Theory model by coding the interview results with six major real estate agencies in Beijing.

The model explains the metamorphosis development of a new sector of service agents in the society which itself is undergoing colossal changes in the socio‐economic system. The analysis shows that the impact of information technology does not pose a threat to these agents in Beijing in various circles, but works to increase the competitive advantages inducing more collaboration and market innovations.

The research is limited to the city of Beijing only and generalisation of the conclusion from the analysis needs to be qualified carefully for other cities in China, or even other countries.

The advent of information technology, especially in the last decade has set the momentum for changes in various sectors of our society. However, the impact is not felt evenly on each of these sectors in the society. The service industry is a typical example where a wide spectrum of sub‐sectors exists, ranging from close personal services such as hairdressing to information selling. The degree of impact from the new era of information revolution varies with the nature of each sub‐sector.

The review aims to facilitate a broader understanding of platform opening and cooperation and points out potential research directions for scholars.

This study searches Web of Science (WOS) database for relevant literature published between 2010 and 2021 and selects 86 papers for this review. The selected literature is categorized according to three dimensions: the strategic choice of platform opening and cooperation (before opening), the construction of an open platform (during opening) and the impact of platform opening and cooperation (after opening). Through comparative analysis, the authors identify research gaps and propose four future research agendas.

The study finds that the current studies are fragmented, and a research system with a theoretical foundation has not yet formed. In addition, with the development of platform operations, new topics such as platform ecosystems and open platform governance have emerged. In short, there is an urgent need for scholars to conduct exploratory research. To this end, the study proposes four future research agendas: strengthen basic research on platform opening and cooperation, deeply explore the dynamic evolution and cutting-edge models of platform opening and cooperation, analyze potential crises and impacts of platform openness and strengthen research on open platform governance.

This is the first systematic review on platform opening and cooperation. Through categorizing literature into three dimensions, this article clearly shows the research status and provides future research avenues.