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Article
Publication date: 12 December 2017

Xiaotian Liu, Huayue Zhang and Shengmin Zhao

The prospect theory is potentially an essential ingredient in modeling the disposition effect. However, many scholars have tried to explain the disposition effect with the help of…

Abstract

Purpose

The prospect theory is potentially an essential ingredient in modeling the disposition effect. However, many scholars have tried to explain the disposition effect with the help of prospect theory and they came to opposite conclusions. The purpose of this paper is to examine the impact of value function of the prospect theory on predicting the disposition effect.

Design/methodology/approach

Lagrange multiplier optimization and dynamic programming method are used to solve the representative investor’s optimal portfolio choice problem. Furthermore, numerical simulation is used to compare the prediction ability of different types of value function.

Findings

The authors support that the value function has a crucial role in predicting the disposition effect with prospect theory, i.e. the curvature and boundedness of the value function may influence the performance of applying the prospect theory in the disposition effect. They conclude that a piecewise negative exponential value function can predict the disposition effect, while others like the piecewise power value function may not.

Originality/value

Extant literature about modeling the disposition effect with the prospect theory mostly focus on the time when gain-loss utility occurs or the selection of reference point. This paper based on the value function properties provides a new perspective in analyzing the crucial role that value function has in predicting financial market anomalies.

Details

China Finance Review International, vol. 8 no. 3
Type: Research Article
ISSN: 2044-1398

Keywords

Article
Publication date: 28 December 2023

Jinyun Duan, Xiaotian Wang, Ye Liu and Lifeng Han

Integrating the pathway model of meaningful work and the intrinsic motivation principle of creativity, the authors investigate why, when and how paternalistic leadership relates…

Abstract

Purpose

Integrating the pathway model of meaningful work and the intrinsic motivation principle of creativity, the authors investigate why, when and how paternalistic leadership relates to employee creativity in the Chinese organizational context. The authors suggest that the meaning of work (MOW) mediates the relationship between paternalistic leadership and employee creativity. The authors further identify perspective taking as a moderator in the mediated relationship for the path from MOW to creativity.

Design/methodology/approach

The authors relied on a sample of 340 employee-supervisor dyads collected from multiple organizations located in Eastern China to test the study hypotheses.

Findings

Results indicated that MOW mediated the positive relationships between the benevolence and morality dimensions of paternalistic leadership and employee creativity, and the negative relationship between the authoritarianism dimension of paternalistic leadership and employee creativity. Further, the indirect relationships between the three dimensions of paternalistic leadership (i.e. authoritarianism, benevolence and morality) and employee creativity through MOW were more pronounced when perspective taking was higher rather than lower.

Originality/value

Through a meaning-based perspective, the authors demonstrate that a culture-specific managerial philosophy (i.e. paternalistic leadership) shapes Chinese employees' perceptions of meaningful work and their subsequent creative performance. This paper complements the dominant focus on Western leadership in the creativity literature and denotes that paternalistic leadership matters for employee creativity in Chinese organizations.

Details

Leadership & Organization Development Journal, vol. 45 no. 2
Type: Research Article
ISSN: 0143-7739

Keywords

Article
Publication date: 20 June 2019

Shiyu Feng, Chaoyue Li, Xiaotian Peng, Lei Shao and Weihua Liu

The purpose of this study is to measure the mass diffusion coefficient of nitrogen in jet fuel using digital holography interferometry for cost-effective designing and modeling of…

135

Abstract

Purpose

The purpose of this study is to measure the mass diffusion coefficient of nitrogen in jet fuel using digital holography interferometry for cost-effective designing and modeling of the aircraft tank inerting system.

Design/methodology/approach

The mass diffusion coefficients of N2 in RP-3 and RP-5 jet fuels were measured by digital holography interferometry at temperatures ranging from 278.15 to 343.15 K. The Arrhenius equation is used to adequately describe the relationship between mass diffusion coefficients and temperature. The viscosities of RP-3 and RP-5 jet fuels were also measured to examine the accuracy of the Stokes–Einstein model in calculating mass diffusion coefficients.

Findings

As temperature increases from 278.15 to 343.15 K, the mass diffusion coefficients increase 4.23-fold for N2 in RP-3 jet fuel and 5.13-fold for N2 in RP-5 jet fuel. The value of Dµ/T is not constant as the Stokes–Einstein equation expressed, but is a weak linear function of temperature.

Practical implications

A more accurate diffusion model is proposed by fitting the measured Dµ/T with the temperature and calculating the mass diffusion coefficients of N2 in RP-3 and RP-5 jet fuels within 10 per cent relative deviation.

Originality/value

A measurement system for mass diffusion coefficients of N2 in RP-3 and RP-5 jet fuels was constructed based on the digital holography interferometry. The mass diffusion coefficient can be expressed by a uniform polynomial function of temperature and viscosity.

Details

Aircraft Engineering and Aerospace Technology, vol. 91 no. 8
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 7 February 2020

Fangwei Zhu, Linzhuo Wang, Miao Yu and Xiaotian Yang

A growing number of studies have become focused on managing conflict more effectively and comprehensively in the construction industry. However, little research has aimed to…

1743

Abstract

Purpose

A growing number of studies have become focused on managing conflict more effectively and comprehensively in the construction industry. However, little research has aimed to operationalize all the facets related to the quality of conflict management that are necessary in governing conflict management. The purpose of this article is to propose a new model measuring the quality of conflict management in a construction project context that is not only inclusive but also practical.

Design/methodology/approach

To address this research gap, the authors used the measurement theory to investigate a series of studies, and then, developed a scale to operationalize the concept of quality of conflict management in a project context.

Findings

The findings show five dimensions to the quality of conflict management: satisfactory resolution outcome, integrated resolution process, conflict prevention, fairness perception, and post-conflict effect.

Originality/value

The research findings contribute to conflict management theory by providing the conceptualization and operationalization of conflict management quality. Practitioners will benefit from this article by understanding effective and efficient ways of managing conflicts in construction projects.

Details

Engineering, Construction and Architectural Management, vol. 27 no. 5
Type: Research Article
ISSN: 0969-9988

Keywords

Case study
Publication date: 23 April 2024

Sarah Lee, Vafa Saboorideilami, Xiaotian Zhang and Yung-Jae Lee

The case study draws on structured interviews with Rob Chase, Founder and CEO of NewGen Surgical, as well as secondary data sources to analyze the effectiveness of these solutions…

Abstract

Research methodology

The case study draws on structured interviews with Rob Chase, Founder and CEO of NewGen Surgical, as well as secondary data sources to analyze the effectiveness of these solutions in mitigating the risks and enhancing the company’s competitive advantage.

Case overview/synopsis

This case study examines how NewGen Surgical, a small- to medium-sized medical equipment manufacturer based in the USA, navigates a supply chain crisis caused by post-pandemic (COVID-19) supply and demand distress, trade restrictions, and the US–China trade war in 2022. It outlines the journey of CEO and Founder, Robert Chase, as he started, grew and is maintaining the company and its various challenges. The case study reviews the risks and vulnerabilities of the company, which heavily relies on Chinese suppliers for most of its operations. To address the supply chain challenges, the case study explores alternative solutions such as insourcing, reshoring, diversifying the supplier base, changing safety stock and implementing new technologies. The case can be designed to teach business courses such as global business, supply chain and entrepreneurship.

Complexity academic level

This case study is intended for undergraduate and graduate students in courses such as global business, supply chain and entrepreneurship. In addition, this case study may be incorporated with modules on learning organizations, knowledge management and entrepreneurship to aid students in comprehending the principles of global sourcing, offshoring and supply chain management.

Details

The CASE Journal, vol. ahead-of-print no. ahead-of-print
Type: Case Study
ISSN: 1544-9106

Keywords

Content available
Book part
Publication date: 15 November 2018

Yi-Ming Wei and Hua Liao

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-78756-780-1

Article
Publication date: 1 March 2005

Ellen Efron Pimentel and Jinyun Liu

In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most…

Abstract

In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most research on coresidence pictures families cross‐sectionally, but nuclear households are a natural part of extended coresidence systems that prefer stem family arrangements. We study histories of coresidence to determine what predicts ever having coresided with the husband’s parents, comparing the predictive power of modernization theory to the impact of demographic change, the availability of household members, and the resources and needs of each generation. While married children’s needs for childcare do not propel them into coresidence, they strongly predict the likelihood of staying coresident.

Details

International Journal of Sociology and Social Policy, vol. 25 no. 3
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 28 September 2022

Ruihua Zhang and Weihua Liu

Determining the variation law of the oxygen concentration in the ullage space of the fuel tank is the key to the design of the inert system. Among various factors affecting the…

Abstract

Purpose

Determining the variation law of the oxygen concentration in the ullage space of the fuel tank is the key to the design of the inert system. Among various factors affecting the oxygen concentration in the ullage space of the fuel tank, the temperature difference between day and night shows particular importance while relevant analysis and calculation are scarce.

Design/methodology/approach

This study establishes a theoretical simulation model of the central wing fuel tank of an aircraft according to the relevant provisions of day-night temperature variation in FAR25 airworthiness regulations, verifies the model with the existing experimental data and discusses the corresponding relationship between the oxygen concentration in the ullage space of the fuel tank and the day-night temperature difference. The influence of day and night temperature difference, fuel type, fuel load rate, initial oxygen concentration, dissolved oxygen evolution and other factors on the oxygen concentration in the ullage space of the fuel tank were analyzed, and the limit of initial oxygen concentration of the fuel tank before the shutdown at night meeting the requirements of the airworthiness provisions was proposed.

Findings

The results show that the temperature difference between day and night, fuel load rate, initial oxygen concentration and other factors have different effects on the oxygen concentration in the ullage space of fuel tank. The initial oxygen concentration limit before shutdown shall be 2% below the 12% oxygen concentration stipulated by FAA.

Research limitations/implications

The research results in this paper will be of good reference value to the design of the inert system and the calculation of the flammability exposure evaluation time. This paper aims to be good reference of the design of the inert system and the calculation of the flammability exposure evaluation time.

Originality/value

The research results of this paper can provide practical guidance for the current civil airworthiness certification work.

Details

Aircraft Engineering and Aerospace Technology, vol. 95 no. 2
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 24 September 2019

Yezhong Fang, Xiaotian Ji, Xingquan Zhang, Jun Wang, Bin Chen, Shiwei Duan, Jinyu Tong, Guangwu Fang and Shanbao Pei

The purpose of this paper is to investigate the dynamic forming process of the micro dent fabricated by laser shock processing on 2024-T3 aluminum alloy. The effect of laser pluse…

Abstract

Purpose

The purpose of this paper is to investigate the dynamic forming process of the micro dent fabricated by laser shock processing on 2024-T3 aluminum alloy. The effect of laser pluse energy on the deformation of micro dent was also discussed in detail.

Design/methodology/approach

It uses finite element analysis method and the corresponding laser shocking experiment.

Findings

The results demonstrate that the dynamic formation process of micro dent lasts longer in comparison with the shock wave loading time, and the depths of micro dents increase with the increasing laser energy. In addition, laser shocking with higher energy can result in more obvious pileup occurred at the outer edge of micro dent.

Originality/value

Surface micro dents can serve as fluid reservoirs and traps of the wear debris, which can decrease the effects of the wear and friction in rolling and sliding interfaces. The investigations can not only be propitious to comprehensively understand the forming mechanism of laser-shocked dent, but also be beneficial to get sight into the residual stress field induced by laser shocking.

Details

Multidiscipline Modeling in Materials and Structures, vol. 16 no. 1
Type: Research Article
ISSN: 1573-6105

Keywords

Content available
Book part
Publication date: 18 July 2018

Mengwei Tu

Abstract

Details

Education, Migration and Family Relations between China and the UK: The Transnational One-Child Generation
Type: Book
ISBN: 978-1-78714-673-0

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