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1 – 10 of over 10000
Article
Publication date: 2 August 2022

Shaoguang Zhang, Sifeng Liu, Zhigeng Fang, Qin Zhang and Jingru Zhang

Financial performance has been paid attention at an unprecedented level, which can be confirmed as a fact that the quantitative expansion of financial performance evaluation work…

3254

Abstract

Purpose

Financial performance has been paid attention at an unprecedented level, which can be confirmed as a fact that the quantitative expansion of financial performance evaluation work. The purpose of this study is to propose a more appropriate model for financial performance evaluation under the unbalanced development.

Design/methodology/approach

This paper introduces the differentiation criteria to eliminate the deviation caused by the same principle for multiple performance evaluation objects whose development are unbalanced; Then the generalized grey number is adopted to describe the value of performance evaluation index; and the information entropy weight is used to obtain the index weight to reduce the artificial judgment error; Finally, the generalized grey information entropy weight TOPSIS evaluation model is constructed.

Findings

Empirical research shows that in the new evaluation model, the differentiated possibility function effectively eliminates the deviation caused by the same principle, the application of information entropy weight reduces the human judgment error, and the value of generalized grey number further enhances the closeness of the results. Moreover, it is also found that in different scenarios, an adaptive performance evaluation model should be selected to match scientifically reasonable results.

Originality/value

The proposed model offers a solution for financial performance evaluation considering unbalanced development among cities. It can be realized by determining the differentiation possibility function matrix, and then the information entropy weight TOPSIS evaluation model can be constructed. This model reflects the actual situation, improves the performance evaluation accuracy, and can be used under similar conditions.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 14 June 2021

Ruirui Shao, Zhigeng Fang, Liangyan Tao, Su Gao and Weiqing You

During the service period of communication satellite systems, their performance is often degraded due to the depletion mechanism. In this paper, the grey system theory is applied…

Abstract

Purpose

During the service period of communication satellite systems, their performance is often degraded due to the depletion mechanism. In this paper, the grey system theory is applied to the multi-state system effectiveness evaluation and the grey Lz-transformation ADC (availability, dependability and capability) effectiveness evaluation model is constructed to address the characteristics of the communication satellite system such as different constituent subsystems, numerous states and the inaccuracy and insufficiency of data.

Design/methodology/approach

The model is based on the ADC effectiveness evaluation method, combined with the Lz transformation and uses the definite weighted function of the three-parameter interval grey number as a bridge to incorporate the possibility of system performance being greater than the task demand into the effectiveness solution algorithm. At the same time, using MATLAB (Matrix laboratory) to solve each state probability, the same performance level in the Lz transform is combined. Then, the system effectiveness is obtained by Python.

Findings

The results show that the G-Lz-ADC model constructed in this paper can accurately evaluate the effectiveness of static/dynamic systems and certain/uncertain system and also has better applicability in evaluating the effectiveness of the multi-state complex system.

Practical implications

The G-Lz-ADC effectiveness evaluation model constructed in this paper can effectively reduce the complexity of traditional effectiveness evaluation models by combining the same performance levels in the Lz-transform and solving the effectiveness of the system with the help of computer programming, providing a new method for the effectiveness evaluation of the complex MSS. At the same time, the weaknesses of the system can be identified, providing a theoretical basis for improving the system’s effectiveness.

Originality/value

The possibility solution method based on the definite weighted function comparing the two three-parameter interval grey numbers is constructed, which compensates for the traditional calculation of the probability based on numerical values and subjective preferences of decision-makers. Meanwhile, the effectiveness evaluation model integrates the basic theories of three-parameter interval grey number and its definite weighted function, Grey−Markov, grey universal generating function (GUGF), grey multi-state system (GMSS), etc., which is an innovative method to solve the effectiveness of a multi-state instantaneous communication satellite system.

Details

Grey Systems: Theory and Application, vol. 12 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 1 July 2002

S.M. Lo, Z. Fang, G.S. Zhi and K.K. Yuen

The spatial design of a building affects the movement of occupants. In complex buildings with a large population, such as places of assembly, the movement of people towards the…

2286

Abstract

The spatial design of a building affects the movement of occupants. In complex buildings with a large population, such as places of assembly, the movement of people towards the exits under emergency situations is a major concern. Ideally, people should leave the building smoothly under emergency situations. Traditionally the layout design is governed by the building fire codes. However, the building fire codes merely govern the design of the capacity of individual components, and do not guarantee that smooth egress will occur. Full‐scale egress exercises may be needed to examine the layout arrangement in order to understand the layout problem. However, such exercises may be time‐consuming, or may be impossible when the building has yet to be constructed. Therefore, the use of computer models to simulate the egress pattern can assist not only the building designer, but also the facility manager to plan the spatial arrangement as well as to manage the crowd flow during emergency situations. Discusses the use of a computer model for analysing building layout design.

Details

Facilities, vol. 20 no. 7/8
Type: Research Article
ISSN: 0263-2772

Keywords

Abstract

Details

Essays in Honor of Cheng Hsiao
Type: Book
ISBN: 978-1-78973-958-9

Open Access
Article
Publication date: 16 February 2024

Elvis Achuo, Pilag Kakeu and Simplice Asongu

Despite the global resolves to curtail fossil fuel consumption (FFC) in favour of clean energies, several countries continue to rely on carbon-intensive sources in meeting their…

Abstract

Purpose

Despite the global resolves to curtail fossil fuel consumption (FFC) in favour of clean energies, several countries continue to rely on carbon-intensive sources in meeting their energy demands. Financial constraints and limited knowledge with regards to green energy sources constitute major setbacks to the energy transition process. This study therefore aims to examine the effects of financial development and human capital on energy consumption.

Design/methodology/approach

The empirical analysis is based on the system generalised method of moments (SGMM) for a panel of 134 countries from 1996 to 2019. The SGMM estimates conducted on the basis of three measures of energy consumption, notably fossil fuel, renewable energy as well as total energy consumption (TEC), provide divergent results.

Findings

While financial development significantly reduces FFC, its effect is positive though non-significant with regards to renewable energy consumption. Conversely, financial development has a positive and significant effect on TEC. Moreover, the results reveal that human capital development has an enhancing though non-significant effect on the energy transition process. In addition, the results reveal that resource rents have an enhancing effect on the energy transition process. However, when natural resources rents are disaggregated into various components (oil, coal, mineral, natural gas and forest rents), the effects on energy transition are divergent. Although our findings are consistent when the global panel is split into developed and developing economies, the results are divergent across geographical regions. Contingent on these findings, actionable policy implications are discussed.

Originality/value

The study complements extant literature by assessing nexuses between financial development, human capital and energy transition from a global perspective.

Details

International Journal of Energy Sector Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 23 June 2022

Surya Prakash, Anubhav Agrawal, Ranbir Singh, Rajesh Kumar Singh and Divya Zindani

Grey Systems: Theory and Application (GSTA) journal started publication in 2011 and completed a decade in 2021. The purpose of this study is to provide a detailed bibliometric…

Abstract

Purpose

Grey Systems: Theory and Application (GSTA) journal started publication in 2011 and completed a decade in 2021. The purpose of this study is to provide a detailed bibliometric analysis of the articles published in GSTA and their content primary trends and themes.

Design/methodology/approach

This study uses the Web of Science (WoS) database to analyze the content of published articles. A range of bibliometric analyses and indicators are applied to analyze the GSTA article content using science mapping tools of the Bibliometrix package in the R environment.

Findings

The GSTA publishes around 28 articles each year with citations of this work steadily growing over time. The impact of these publications is measured as total mean citations which increased from 0 to 11. The journal has attracted contributors from around the globe, most often affiliated with China, India and Europe. Thematic evolution of the journal's themes reveals that it has expanded its scope to include topics such as relational analysis, decision making, incidence analysis, and forecasting, hybrid grey-fuzzy or grey-rough modeling, etc.

Research limitations/implications

The study is majorly based on GSTA data available on the WoS database.

Originality/value

This study provides the first overview of GSTA's publication and citation trends as well as the evolution of its thematic structure. It also suggests future directions that the journal might take to strengthen its position.

Details

Grey Systems: Theory and Application, vol. 13 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 22 December 2023

Zhengwei Song, Shengjian Zhang, Lifeng Ding, Xuejing Wu and Ning Long

The purpose of this paper was prepared a Ni-based superhydrophobic coating on the surface of copper to enhence its corrosion resistance. The superhydrophobic coating (SHPC) has…

Abstract

Purpose

The purpose of this paper was prepared a Ni-based superhydrophobic coating on the surface of copper to enhence its corrosion resistance. The superhydrophobic coating (SHPC) has proven to be an effective surface treatment in corrosion protection. In this paper, a Ni-based SHPC was prepared on the surface of copper (Cu) to enhance its corrosion resistance.

Design/methodology/approach

The coating was prepared through a two-step electrodeposition process. The first step involves the formation of a micro-nano structure Ni layer formed by an electrodeposition process. Subsequently, the polysiloxane layer was deposited on the Ni surface to create an SHPC. The morphology, composition, structure, wettability and corrosion resistance of the coating were characterized and discussed.

Findings

The results show that the water contact angle of the as-prepared coating reaches 155.5°±1.0°. The corrosion current density (icorr = 3.90 × 10−9 A·cm−2) decreased by three orders of magnitude compared to the substrate, whereas |Z|f = 0.01Hz (2.40 × 106 Ω·cm2) increased by three orders of magnitude. It indicated that the prepared coating has excellent superhydrophobicity and high corrosion resistance, which can provide better protection for the substrate.

Originality/value

The prepared coating provides long-lasting protection for Cu and other metals and offers valuable data for developing SHPCs.

Details

Anti-Corrosion Methods and Materials, vol. 71 no. 1
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 13 February 2024

Yi Xia, Yonglong Li, Hongbin Zang, Yanpian Mao, Haoran Wang and Jialong Li

A switching depth controller based on a variable buoyancy system (VBS) is proposed to improve the performance of small autonomous underwater vehicles (AUVs). First, the…

Abstract

Purpose

A switching depth controller based on a variable buoyancy system (VBS) is proposed to improve the performance of small autonomous underwater vehicles (AUVs). First, the requirements of VBS for small AUVs are analyzed. Second, a modular VBS with high extensibility and easy integration is proposed based on the concepts of generality and interchangeability. Subsequently, a depth-switching controller is proposed based on the modular VBS, which combines the best features of the linear active disturbance rejection controller and the nonlinear active disturbance rejection controller.

Design/methodology/approach

The controller design and endurance of tiny AUVs are challenging because of their low environmental adaptation, limited energy resources and nonlinear dynamics. Traditional and single linear controllers cannot solve these problems efficiently. Although the VBS can improve the endurance of AUVs, the current VBS is not extensible for small AUVs in terms of the differences in individuals and operating environments.

Findings

The switching controller’s performance was examined using simulation with water flow and external disturbances, and the controller’s performance was compared in pool experiments. The results show that switching controllers have greater effectiveness, disturbance rejection capability and robustness even in the face of various disturbances.

Practical implications

A high degree of standardization and integration of VBS significantly enhances the performance of small AUVs. This will help expand the market for small AUV applications.

Originality/value

This solution improves the extensibility of the VBS, making it easier to integrate into different models of small AUVs. The device enhances the endurance and maneuverability of the small AUVs by adjusting buoyancy and center of gravity for low-power hovering and pitch angle control.

Details

Industrial Robot: the international journal of robotics research and application, vol. 51 no. 2
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 20 August 2018

Wenjie Dong, Sifeng Liu and Zhigeng Fang

The purpose of this paper is to study the modelling mechanisms of several grey incidence analysis models with great influence, including Deng’s grey incidence model, absolute…

Abstract

Purpose

The purpose of this paper is to study the modelling mechanisms of several grey incidence analysis models with great influence, including Deng’s grey incidence model, absolute degree of grey incidence model, slope degree of incidence model, similitude degree of incidence model and closeness degree of incidence model; then analyse the problems to be solved in grey incidence analysis models; and clarify the applicable ranges of commonly used grey incidence models.

Design/methodology/approach

The paper comes to conclusions by means of comparable analysis. The authors compare several commonly used grey incidence analysis models, including Deng’s grey incidence model, absolute degree of grey incidence model, slope degree of incidence model, similitude degree of incidence model and closeness degree of incidence model and give several examples to clarify the reasons why quantitative analysis results of different models are not exactly the same.

Findings

As the intension of each kind of incidence model is clear and the extension is relatively obscure, grey incidence orders calculated by different incidence models are often different. When making actual decisions, incompatible results may appear. According to different characteristics of extraction, grey incidence analysis models can be divided into three types: incidence model based on closeness perspective, incidence model based on similarity perspective and incidence model based on comprehensive perspective.

Practical implications

The conclusions obtained in this paper can help people avoid some defects in the process of actual selection and choose the better incidence analysis model.

Originality/value

The conclusions can be used as a reference and basis for the selection of grey incidence analysis models, it can help to overcome the defects and shortcomings of models caused by themselves and screen out more excellent analytical models.

Details

Grey Systems: Theory and Application, vol. 8 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 23 October 2020

Dan Tang and Xintian Zhuang

Blockchain-driven supply chain finance (BCT-SCF) has recently been receiving increased global attention. A number of business programmes have been carried out using this approach…

Abstract

Purpose

Blockchain-driven supply chain finance (BCT-SCF) has recently been receiving increased global attention. A number of business programmes have been carried out using this approach, but existing research has rarely focussed on this novel SCF model. This paper aims to fill this gap by proposing a mathematical model to analyse the value of BCT-SCF.

Design/methodology/approach

First, this paper considers a multi-period two-echelon supply chain consisting of a capital-constrained supplier and a newsvendor-like retailer. Then, two financing channels are proposed. The supply chain actors can either factor accounts receivable (AR) from a bank or obtain financing through a BCT-SCF platform by which AR can be converted into a bill receivable and used to make payment. Further, to investigate the preferences of all actors between the two financing channels, this paper compares the two channels and examines how the degree of financial constraints and the cost of implementing the BCT-SCF model impact the financing preferences of all actors.

Findings

BCT-SCF model can help a supply chain realise its optimisation both in production and financing efficiency, the preference for the BCT-SCF model increases as the initial capital of supplier and the BCT-SCF platform usage fee rate decrease.

Practical implications

This research bridges the gap between theoretical analysis of BCT-SCF and its realistic application. The results demonstrate that with the BCT-SCF model, a win-win situation among supply chain actors is possible, which is helpful for the supply chain to choose a more efficient financing channel.

Originality/value

This research introduces a mathematical model based on the “receivable chain” of CZBank and the model is set in a multi-period supply chain, which is the first time BCT-SCF has been considered as part of a more complex but realistic background setting.

Details

Kybernetes, vol. 50 no. 8
Type: Research Article
ISSN: 0368-492X

Keywords

1 – 10 of over 10000