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Article
Publication date: 15 June 2021

Tingting Zhang, Desheng Wei, Zhifeng Liu and Xihao Wu

This paper studies the effects of lottery preference on stock market participation at the macro level.

Abstract

Purpose

This paper studies the effects of lottery preference on stock market participation at the macro level.

Design/methodology/approach

The authors use the abnormal search volume intensity for lottery-related keywords from the Baidu search engine to capture retail investors' lottery preference. To measure stock market participation, they use five different macro-level measures from various angles. They perform the time series regression analysis in their empirical study.

Findings

First, the validation tests show that the lottery preference index in this study is reasonable. Further, the authors find that lottery preference increases people's propensity to enter and trade in the stock market. Besides, they find that the effect on trading behavior is asymmetric, that is, high lottery preference has a more significant impact on trading behavior than low lottery preference. However, lottery preference has no significant effect on the stockholding.

Originality/value

This paper contributes to the growing literature that examines the determinants of stock market participation and the role of lottery/gambling preference in the financial market. It also provides direct and novel evidence for Statman's (2002) conclusions about the similarity of lottery players and stock traders.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

Keywords

Article
Publication date: 8 January 2020

Zhiping Zhu, Chun Shi, Yu Zhang and Zhifeng Liu

The purpose of this paper is to study the effects of Cl and direct stray current on the soil corrosion of three grounding grid materials.

Abstract

Purpose

The purpose of this paper is to study the effects of Cl and direct stray current on the soil corrosion of three grounding grid materials.

Design/methodology/approach

The electrochemical corrosion properties of three grounding grid materials, which include the Q235 steel, Q235 galvanized flat steel and copper, were measured by means of the weak polarization curve method and electrochemical impedance spectroscopy; the corrosion rate of specimens was calculated using the weight loss method; and the specimen surfaces were characterized using the scanning electron microscopy, energy-dispersive spectroscopy and X-ray diffraction analysis.

Findings

Results showed that both factors, Cl and direct stray current, can accelerate the corrosion rate of grounding grid materials. The magnitude of DC stray current density affected the mass transfer type and response frequency of the anode and cathode reaction of grounding materials, while the Cl contents of the soil only affect the mass transfer rate of the electrode material from the electrochemical impedance spectroscopy diagrams. The electric field generated by the DC stray current caused Cl directed migration. The larger the DC stray current density, the greater the diffusion process and the greater the weight loss rate of the grounding grid materials that would have a logarithmic relationship with the Cl content at the same DC stray current density. The corrosion resistance of the three materials is copper > Q235 galvanized flat steel > Q235 flat steel.

Originality/value

The paper provides information regarding the relationship among Cl, direct stray current and corrosion of three grounding grid materials by means of electrochemical impedance spectroscopy. Meanwhile the weight loss rate is the logarithmic relationship with the Cl content, which is useful for understanding the corrosion mechanism of Q235 steel, Q235 galvanized flat steel and copper under the condition of Cl and direct stray current in soil.

Details

Anti-Corrosion Methods and Materials, vol. 67 no. 1
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 16 August 2019

Zhifeng Liu, Junyuan Guo, Yumo Wang, Dong Xiangmin, Yue Wu, Zhijie Yan and Gong Jinlong

This paper aims to propose a method for finding the maximum rotational speed of an inclined turntable at which the stability of the bearing oil film is maintained.

Abstract

Purpose

This paper aims to propose a method for finding the maximum rotational speed of an inclined turntable at which the stability of the bearing oil film is maintained.

Design/methodology/approach

The finite difference method was used to solve the Reynolds equation. Variation of bearing capacity of a tilted hydrostatic turret over time was determined. The combined effect of tilt and rotational speed of the turret on the oil film stability was also analyzed.

Findings

When the turntable is operated at low speeds with only small angle of tilt, stability of the oil film is maintained. At lower rotational speeds, a smaller angle of tilt improves the bearing capacity and ensures stability of the oil film. Whereas, higher rotational speeds can have a considerable influence on the bearing capacity.

Originality/value

The results demonstrate that the inclination or tilt of the turntable significantly affects the stability of the oil film.

Details

Industrial Lubrication and Tribology, vol. 72 no. 5
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 12 March 2018

Yumo Wang, Zhifeng Liu, Ligang Cai and Qiang Cheng

This paper aims to study the nonlinear supporting performance of hydrostatic ram under the impact of cutting force and search for an optimal solution to improve its stiffness.

Abstract

Purpose

This paper aims to study the nonlinear supporting performance of hydrostatic ram under the impact of cutting force and search for an optimal solution to improve its stiffness.

Design/methodology/approach

The Reynolds equation was applied to resolve the carrying capability of a single oil pad numerically, and an iteration method was used to analyze the nonlinear supporting force and stiffness of a pair of oil pads placed face-to-face. The total offset of ram could be obtained after the displacement of aspectant oil pads was solved by the bisection method. From the comparison of the offset values of ram evaluated under different support conditions, the optimal solution was determined.

Findings

In this study, an optimized oil supply allocation, concluded as 1.16:0.84, is proposed to improve the performance of hydrostatic ram supporting structure.

Originality/value

The supporting performance of hydrostatic ram could be improved by appropriate allocation of oil supply without extra energy consumption.

Details

Industrial Lubrication and Tribology, vol. 70 no. 2
Type: Research Article
ISSN: 0036-8792

Keywords

Content available
85

Abstract

Details

Circuit World, vol. 31 no. 1
Type: Research Article
ISSN: 0305-6120

Keywords

Article
Publication date: 12 March 2018

Jing Liu, Zhifeng Shi and Yimin Shao

Combined defects in ball bearings may be caused during the use or manufacturing process, which can significantly affect their vibration characteristics. The previous…

Abstract

Purpose

Combined defects in ball bearings may be caused during the use or manufacturing process, which can significantly affect their vibration characteristics. The previous defect models in the literature can only describe single defects such as the surface waviness and localized defect. This paper aims to propose an in-depth understanding of radial vibrations of a ball bearing with the combined defect.

Design/methodology/approach

A dynamic model for a ball bearing with the combined defect including the surface waviness and localized defect on its races is proposed. The effects of the combined defect sizes on the radial bearing vibrations are investigated. The results from the proposed model considering the combined defect are compared with the available results from the previous methods considering the single defects.

Findings

The acceleration amplitude is significantly affected by the surface waviness, localized defect and the combined defect on its races. The effect of the combined defect on the acceleration amplitude is larger than that of the single defect. The amplitude and peak frequency of the spectrum of acceleration for the combined defect increases with the defect sizes. The RMS value of the accelerations for the combined defect increases with the combined defect sizes.

Originality/value

Consequently, the proposed model can predict more accurate and in-depth understanding of the radial vibrations caused by the combined defect in the ball bearing.

Details

Industrial Lubrication and Tribology, vol. 70 no. 2
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 18 June 2019

Jing Liu, Linfeng Wang, Zhifeng Shi, Wennian Yu and Huifang Xiao

The purpose of this study is to investigate the contact models for contact and vibration features of cylindrical roller bearings (CRBs). CRBs are important parts of…

Abstract

Purpose

The purpose of this study is to investigate the contact models for contact and vibration features of cylindrical roller bearings (CRBs). CRBs are important parts of rotating machinery. The contact deformation between the roller and the raceway is an essential research topic for the CRBs. The contact deformation between the roller and the raceway can greatly affect vibration characteristics and fatigue life of the CRBs. In this investigation, six different methods are adopted to calculate the contact deformation, contact area width and contact stress between the roller and raceways of a CRB.

Design/methodology/approach

In this paper, the contact deformations and the contact stiffnesses between the roller and the raceway of a CRB obtained by various well-known empirical methods (Lundberg’s, Palmgren’s, Houpert’s, Cheng’s and Hertzian methods) are directly compared with those by the finite element (FE) method. A two degree-of-freedom (2 DOF) dynamic model of the CRB is applied to investigate the effects of the contact stiffness obtained by different line contact deformation calculation methods on the vibration characteristics, such as the root mean square (RMS), the peak to peak (PTP), the crest factor and the kurtosis of the displacement, velocity and acceleration of the inner raceway.

Findings

The computational results show that different calculation methods for the contact deformations between rollers and raceways have significant effects on the vibrations of the CRB. It is found that that the differences of computational results obtained by Palmgren’s and Lundberg’s models with respect to the FE method are smaller than those by the other three methods, i.e. Houpert’s, Cheng’s and Hertzain models. The amplitude and peak frequency of the frequency response functions from Palmgren’s method are much more similar to those from the finite element method. The above results indicate that Palmgren’s method is a better calculation method for predicting the contact deformations and dynamics of the CRBs.

Originality/value

This work adopts six different methods to calculate the contact deformation, contact area width and contact stress between the roller and raceways of a CRB. Moreover, a vibration model of a CRB is used to investigate the effect of contact stiffness obtained by the above methods on the vibrations of the CRB. The works can give some guidance for the accurate analytical method for calculating the contact deformations between rollers and raceways and the vibrations of the CRB.

Details

Engineering Computations, vol. 36 no. 5
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 2 January 2019

Ke Zhang, Hao Gui, Zhifeng Luo and Danyang Li

Laser navigation without a reflector does not require setup of reflector markers at the scene and thus has the advantages of free path setting and flexible change. This…

Abstract

Purpose

Laser navigation without a reflector does not require setup of reflector markers at the scene and thus has the advantages of free path setting and flexible change. This technology has attracted wide attention in recent years and shows great potential in the field of automatic logistics, including map building and locating in real-time according to the environment. This paper aims to focus on the application of feature matching for map building.

Design/methodology/approach

First, an improved linear binary relation algorithm was proposed to calculate the local similarity of the feature line segments, and the matching degree matrix of feature line segments between two adjacent maps was established. Further, rough matching for the two maps was performed, and both the initial rotation matrix and the translation vector for the adjacent map matching were obtained. Then, to improve the rotation matrix, a region search optimization algorithm was proposed, which took the initial rotation matrix as the starting point and searched gradually along a lower error-of-objective function until the error sequence was nonmonotonic. Finally, the random-walk method was proposed to optimize the translation vector by iterating until the error-objective function reached the minimum.

Findings

The experimental results show that the final matching error was controlled within 10 mm after both rotation and translation optimization. Also, the algorithm of map matching and optimization proposed in this paper can realize accurately the feature matching of a laser navigation map and basically meet the real-time navigation and positioning requirements for an automated-guided robot.

Originality/value

A linear binary relation algorithm was proposed, and the local similarity between line segments is calculated on the basis of the binary relation. The hill-climbing region search algorithm and the random-walk algorithm were proposed to optimize the rotation matrix and the translation vector, respectively. This algorithm has been applied to industrial production.

Details

Industrial Robot: the international journal of robotics research and application, vol. 46 no. 1
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 29 July 2021

Erpeng Wang, Zhifeng Gao and Xuqi Chen

The purpose of this paper is to determine important attributes of processed food, consumers’ trust in different information resources, and the impact of trust, demographic…

Abstract

Purpose

The purpose of this paper is to determine important attributes of processed food, consumers’ trust in different information resources, and the impact of trust, demographic and behavior variables on the preference of processed food attributes among Chinese consumers.

Design/methodology/approach

Data of 1,267 participants were collected from four cities in China. A five-point Likert scale was used to measure consumer preference for 12 juice attributes. Consumer trust in nine sources of information on product quality was measured. Cluster analysis was used to segment consumers into groups based on their preference for juice attributes and trust in information sources, respectively. A multinomial logistic model was used to determine the impact of trust, demographic and behavior variables on the preference of juice attributes.

Findings

Consumers rate manufacture date, taste and food safety labels as the most important attributes of fruit juice products. Among different information sources, consumers place more trust in private information sources and traditional media. The low trust in different information sources impedes consumer preference for processed food quality attributes.

Originality/value

This research is among the few that examine consumer preference for processed food, such as juice. It identifies four distinct preference groups and trust groups, respectively, based on consumer preference for juice attributes and trust in different information sources. This paper provides important information for processed food companies and policymakers to effectively enact marketing strategies in China.

Details

British Food Journal, vol. 124 no. 3
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 9 August 2019

Zhifeng Lin, Likun Xu, Xiangbo Li, Li Wang, Weimin Guo, Chuanjie Wu and Yi Yang

The purpose of this paper is to examine the performance of a fastener composite coating system, sherardized (SD) coating/zinc-aluminum (ZA) coating whether it has good…

Abstract

Purpose

The purpose of this paper is to examine the performance of a fastener composite coating system, sherardized (SD) coating/zinc-aluminum (ZA) coating whether it has good performance in marine environment.

Design/methodology/approach

In this paper, SD coating was fabricated on fastener surface by solid-diffusion method. ZA coating was fabricated by thermal sintering method. Corrosion behaviours of the composite coating were investigated with potentiodynamic polarization curves, open circuit potential and electrochemical impedance spectroscopy methods.

Findings

Neutral salt spray (NSS) and deep sea exposure tests revealed that the composite coating had excellent corrosion resistance. Polarization curve tests showed that corrosion current density of the sample with composite coating was significantly decreased, indicating an effective corrosion protection of the composite coating. OCP measurement of the sample in NaCl solution demonstrated that the composite coating had the best cathodic protection effect. The good corrosion resistance of the composite coating was obtained by the synergy of SD and ZA coating.

Practical implications

SD/ZA coating can be used in marine environment to prolong the life of carbon steel fastener.

Social implications

SD/ZA composite coating can reduce the risk and accident caused by failed fastener, avoid huge economic losses.

Originality/value

A new kind of composite coating was explored to protect the carbon steel fastener in marine environment. And the composite coating has the long-term anti-corrosion performance both in simulated and marine environment test.

Details

Anti-Corrosion Methods and Materials, vol. 66 no. 5
Type: Research Article
ISSN: 0003-5599

Keywords

1 – 10 of 32