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1 – 10 of over 1000
Article
Publication date: 7 November 2023

Xiaosong Dong, Hanqi Tu, Hanzhe Zhu, Tianlang Liu, Xing Zhao and Kai Xie

This study aims to explore the opposite effects of single-category versus multi-category products information diversity on consumer decision making. Further, the authors…

Abstract

Purpose

This study aims to explore the opposite effects of single-category versus multi-category products information diversity on consumer decision making. Further, the authors investigate the moderating role of three categories of visitors – direct, hesitant and hedonic – in the relationship between product information diversity and consumer decision making.

Design/methodology/approach

The research utilizes a sample of 1,101,062 product click streams from 4,200 consumers. Visitors are clustered using the k-means algorithm. The diversity of information recommendations for single and multi-category products is characterized using granularity and dispersion, respectively. Empirical analysis is conducted to examine their influence on the two-stage decision-making process of heterogeneous online visitors.

Findings

The study reveals that the impact of recommended information diversity on consumer decision making differs significantly between single-category and multiple-category products. Specifically, information diversity in single-category products enhances consumers' click and purchase intention, while information diversity in multiple-category products reduces consumers' click and purchase intention. Moreover, based on the analysis of online visiting heterogeneity, hesitant, direct and hedonic features enhance the positive impact of granularity on consumer decision making; while direct features exacerbate the negative impact of dispersion on consumer decision making.

Originality/value

First, the article provides support for studies related to information cocoon. Second, the research contributes evidence to support the information overload theory. Third, the research enriches the field of precision marketing theory.

Details

Asia Pacific Journal of Marketing and Logistics, vol. 36 no. 4
Type: Research Article
ISSN: 1355-5855

Keywords

Article
Publication date: 22 September 2023

Xiying Yao and Xuetao Yang

Since crude oil is crucial to the nation's economic growth, crude oil futures are closely related to many other markets. Accurate forecasting can offer investors trustworthy…

Abstract

Purpose

Since crude oil is crucial to the nation's economic growth, crude oil futures are closely related to many other markets. Accurate forecasting can offer investors trustworthy guidance. Numerous studies have begun to consider creating new metrics from social networks to improve forecasting models in light of their rapid development. To improve the forecasting of crude oil futures, the authors suggest an integrated model that combines investor sentiment and attention.

Design/methodology/approach

This study first creates investor attention variables using Baidu search indices and investor sentiment variables for medium sulfur crude oil (SC) futures by collecting comments from financial forums. The authors feed the price series into the NeuralProphet model to generate a new feature set using the output subsequences and predicted values. Next, the authors use the CatBoost model to extract additional features from the new feature set and perform multi-step predictions. Finally, the authors explain the model using Shapley additive explanations (SHAP) values and examine the direction and magnitude of each variable's influence.

Findings

The authors conduct forecasting experiments for SC futures one, two and three days in advance to evaluate the effectiveness of the proposed model. The empirical results show that the model is a reliable and effective tool for predicting, and including investor sentiment and attention variables in the model enhances its predictive power.

Research limitations/implications

The data analyzed in this paper span from 2018 through 2022, and the forecast objectives only apply to futures prices for those years. If the authors alter the sample data, the experimental process must be repeated, and the outcomes will differ. Additionally, because crude oil has financial characteristics, its price is influenced by various external circumstances, including global epidemics and adjustments in political and economic policies. Future studies could consider these factors in models to forecast crude oil futures price volatility.

Practical implications

In conclusion, the proposed integrated model provides effective multistep forecasts for SC futures, and the findings will offer crucial practical guidance for policymakers and investors. This study also considers other relevant markets, such as stocks and exchange rates, to increase the forecast precision of the model. Furthermore, the model proposed in this paper, which combines investor factors, confirms the predictive ability of investor sentiment. Regulators can utilize these findings to improve their ability to predict market risks based on changes in investor sentiment. Future research can improve predictive effectiveness by considering the inclusion of macro events and further model optimization. Additionally, this model can be adapted to forecast other financial markets, such as stock markets and other futures products.

Originality/value

The authors propose a novel integrated model that considers investor factors to enhance the accuracy of crude oil futures forecasting. This method can also be applied to other financial markets to improve their forecasting efficiency.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 6 November 2017

Si Yuan, Kangsheng Ye, Yongliang Wang, David Kennedy and Frederic W. Williams

The purpose of this paper is to present a numerically adaptive finite element (FE) method for accurate, efficient and reliable eigensolutions of regular second- and fourth-order…

Abstract

Purpose

The purpose of this paper is to present a numerically adaptive finite element (FE) method for accurate, efficient and reliable eigensolutions of regular second- and fourth-order Sturm–Liouville (SL) problems with variable coefficients.

Design/methodology/approach

After the conventional FE solution for an eigenpair (i.e. eigenvalue and eigenfunction) of a particular order has been obtained on a given mesh, a novel strategy is introduced, in which the FE solution of the eigenproblem is equivalently viewed as the FE solution of an associated linear problem. This strategy allows the element energy projection (EEP) technique for linear problems to calculate the super-convergent FE solutions for eigenfunctions anywhere on any element. These EEP super-convergent solutions are used to estimate the FE solution errors and to guide mesh refinements, until the accuracy matches user-preset error tolerance on both eigenvalues and eigenfunctions.

Findings

Numerical results for a number of representative and challenging SL problems are presented to demonstrate the effectiveness, efficiency, accuracy and reliability of the proposed method.

Research limitations/implications

The method is limited to regular SL problems, but it can also solve some singular SL problems in an indirect way.

Originality/value

Comprehensive utilization of the EEP technique yields a simple, efficient and reliable adaptive FE procedure that finds sufficiently fine meshes for preset error tolerances on eigenvalues and eigenfunctions to be achieved, even on problems which proved troublesome to competing methods. The method can readily be extended to vector SL problems.

Details

Engineering Computations, vol. 34 no. 8
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 4 January 2016

Xing Zhao, Moya Kneafsey and Donald Finlay

– The purpose of this paper is to evaluate the ability of the Chinese geographical indications (GI) system to offer extra guarantees on food safety.

1137

Abstract

Purpose

The purpose of this paper is to evaluate the ability of the Chinese geographical indications (GI) system to offer extra guarantees on food safety.

Design/methodology/approach

Based on a network approach, the research includes a literature review and takes a sample of GI products in Jiangxi Province as a means of exploring the ability of the GI system to enhance food safety in China.

Findings

The safety level of Chinese GI food products is not automatically ensured by GI schemes alone. The Chinese Government appears to be using GI labels more as a promotional tool to enhance farmers’ incomes rather than as a means of reducing safety concerns and is thus missing an opportunity to enhance food safety in tandem with adding value.

Originality/value

This research is of academic value and of value to policy makers. The results suggest an urgent need to encourage producers to attend GI management programmes, to generate appropriate GI standards, to be actively involved in GI issuing processes, and thus to provide “safe” GI products. Meanwhile, with weak government enforcement, there is also a need to build an effective food safety regulatory system to ensure food safety and protect consumers’ rights.

Details

British Food Journal, vol. 118 no. 1
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 1 July 1999

Brett Martin and Gretchen Larsen

With its large population and increasingly open approach to foreign business dealings, China has been heralded as a land of opportunity for Western business. “What are the keys to…

6233

Abstract

With its large population and increasingly open approach to foreign business dealings, China has been heralded as a land of opportunity for Western business. “What are the keys to business success?” Addresses this issue by Investigating key success factors for trade with China. Presents results from a survey of New Zealand organisations trading with China. Top‐ranking issues reveal a micro‐business focus (e.g. negotiation strategy, business etiquette). Low‐ranking issues include the need to understand advertising in China, and to have an intensive knowledge of the Chinese language. Correlations between importance and knowledge scores suggest that cultural issues are perceived as less important by those with a high degree of knowledge concerning trade relation intermediaries. Larger firms are also found to rate an understanding of negotiation strategy as more important than small firms.

Details

Marketing Intelligence & Planning, vol. 17 no. 4
Type: Research Article
ISSN: 0263-4503

Keywords

Executive summary
Publication date: 14 September 2023

AFGHANISTAN: Beijing will aim to deepen engagement

Details

DOI: 10.1108/OXAN-ES281947

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 1 January 2001

Phil Bretherton and Peter Carswell

The article gives an introduction to the wine market in China and outlines its development. It goes on to identify the key issues which need to be addressed in order to enter the…

2844

Abstract

The article gives an introduction to the wine market in China and outlines its development. It goes on to identify the key issues which need to be addressed in order to enter the market successfully. These revolve, tactically, around effective mangement of the 4 P's, with distribution and promotion being the most problematic. It would appear that cultural differences and both formal and informal entry barriers point towards a more strategic relational approach if successful market entry is to be achieved. The implications for would‐be market entrants are discussed, as is the need for specific further research into market structure.

Details

International Journal of Wine Marketing, vol. 13 no. 1
Type: Research Article
ISSN: 0954-7541

Keywords

Article
Publication date: 11 May 2010

Qiao Zhang and Ke Wang

The purpose of this paper is to assess the production risk for winter wheat producers in Beijing, China, particularly in its 13 districts.

292

Abstract

Purpose

The purpose of this paper is to assess the production risk for winter wheat producers in Beijing, China, particularly in its 13 districts.

Design/methodology/approach

A parametric approach is used to model wheat‐yield distribution for samples and the Kolmogorov‐Smirnov test is used to choose the most appropriate yield distribution. Parameters of the special yield distribution are estimated through the maximum likelihood estimation approach.

Findings

The Burr distribution is found to be the most appropriate parametric distribution to model winter wheat‐production risks for the districts of Beijing, except in the districts of Fengtai and Shunyi. Findings also show that the Johnson family distribution is the most appropriate model for these two districts (SB for the Fengtai District and SU for the Shunyi District). The wheat‐production loss ratios of the Beijing districts are between 6 and 15 percent, which is considered medium range in most regions. The highest production risks are located in the Western regions of Beijing (Mentougou and Fengtai) while the lowest production risk is located in the Southeastern region of Beijing (Daxing District).

Originality/value

To generate an objective yield trend and an accurate production risk assessment, linear moving average, instead of linear (or quadratic) regression, is used in this paper.

Details

China Agricultural Economic Review, vol. 2 no. 2
Type: Research Article
ISSN: 1756-137X

Keywords

Article
Publication date: 11 June 2018

Yanfeng Xing and Yansong Wang

Dimensional quality of sheet metal assemblies is an important factor for the final product. However, the part tolerance is not easily controlled because of the spring back…

Abstract

Purpose

Dimensional quality of sheet metal assemblies is an important factor for the final product. However, the part tolerance is not easily controlled because of the spring back deformation during the stamping process. Selective assembly is a means to decrease assembly tolerance of the assembly from low-precision components. Therefore, the purpose of this paper is to propose a fully efficient method of selective assembly optimization based on an improved genetic algorithm for optimization toolbox (IGAOT) in MATLAB.

Design/methodology/approach

The method of influence coefficient is first applied to calculate the assembly variation of sheet metal components since the traditional rigid assembly variation model cannot be used due to welding deformation. Afterwards, the IGAOT is proposed to generate optimal selective groups, which consists of advantages of genetic algorithm for optimization toolbox (GAOT) and simulated annealing.

Findings

The cases of two simple planes and the tail lamp bracket assembly are used to illustrate the flowchart of optimizing combinations of selective groups. These cases prove that the proposed IGAOT has better precision than that of GAOT with the same parameters for selective assembly.

Originality/value

The research objective of this paper is to evaluate the changes from rigid bodies to sheet metal parts which are very complex for selective assembly. The method of IGAOT was proposed to the selected groups which has better precision than that of current optimization algorithms.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 11 no. 2
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 18 July 2016

Dong Zhou, Séamus Lawless, Xuan Wu, Wenyu Zhao and Jianxun Liu

With an increase in the amount of multilingual content on the World Wide Web, users are often striving to access information provided in a language of which they are non-native…

1146

Abstract

Purpose

With an increase in the amount of multilingual content on the World Wide Web, users are often striving to access information provided in a language of which they are non-native speakers. The purpose of this paper is to present a comprehensive study of user profile representation techniques and investigate their use in personalized cross-language information retrieval (CLIR) systems through the means of personalized query expansion.

Design/methodology/approach

The user profiles consist of weighted terms computed by using frequency-based methods such as tf-idf and BM25, as well as various latent semantic models trained on monolingual documents and cross-lingual comparable documents. This paper also proposes an automatic evaluation method for comparing various user profile generation techniques and query expansion methods.

Findings

Experimental results suggest that latent semantic-weighted user profile representation techniques are superior to frequency-based methods, and are particularly suitable for users with a sufficient amount of historical data. The study also confirmed that user profiles represented by latent semantic models trained on a cross-lingual level gained better performance than the models trained on a monolingual level.

Originality/value

Previous studies on personalized information retrieval systems have primarily investigated user profiles and personalization strategies on a monolingual level. The effect of utilizing such monolingual profiles for personalized CLIR remains unclear. The current study fills the gap by a comprehensive study of user profile representation for personalized CLIR and a novel personalized CLIR evaluation methodology to ensure repeatable and controlled experiments can be conducted.

Details

Aslib Journal of Information Management, vol. 68 no. 4
Type: Research Article
ISSN: 2050-3806

Keywords

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