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This study aims to optimize the manufacturing process to improve the manufacturing quality, costs and delivering time with the help of multiscale multiphysics modelling and simulation. Multiscale multiphysics-based modelling and simulations are receiving more and more interest by research community and the industry particularly in the context of increasing demands for manufacturing high precision complex products and understanding the intrinsic complexity in associated manufacturing processes.

In this paper, some modelling and analysis techniques using multiscale multiphysics modelling are presented and discussed.

Furthermore, the possibility of adopting the multiscale multiphysics modelling and simulation to develop the virtual machining system is evaluated, and further supported with an industrial case study on abrasive flow machining (AFM) of integrally bladed rotors using the techniques and system developed.

With the development of multiscale multiphysics-based modelling and simulation, it will enable effective and efficient optimisation of manufacturing processes and further improvement of manufacturing quality, costs, delivery time and the overall competitiveness.

The paper's purpose is to investigate the effects of digital finance on the risk of stock price crashes and the underlying transmission mechanisms, and to provide suggestions to inhibit the stock crash risk (CR).

This paper selects all companies that were listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2020. It then uses the two-way fixed effect model and the intermediary effect model to verify such effects.

The overall outcomes demonstrate such a result that the CR of listed companies in China can be significantly reduced by the development of digital finance, and the overall transparency of business financial information and the equity pledge of controlling shareholders are the two underlying transmission mechanisms that digital finance can cause effects on the CR of stocks.

The main limitations are that there may exist some problems in the method for evaluating the CR of stocks. And there may be a problem of endogeneity caused by the empirical model cannot control all correlation variables.

This paper would provide policy implications, for different roles, to inhibit the stock CR and to make the development of the economy more stabilize.

Digital finance can promote economic development while restraining financial risks at the same time. Therefore, although this study is based on the relevant data from China, it can also provide a reference for other economies with different basic conditions from China, to promote the overall development of the world economy.

The current academic research on digital finance or stock price CR has been relatively sufficient, but there are few papers that combined both. By combining digital finance with stock CR, this paper researches the influence of digital finance on the CR of stocks through empirical analysis. So, this paper would provide new research ideas and evidence for potential influence factors of the CR of stocks, fill the gap in this research field and provide certain help for subsequent scholars to conduct relevant research.