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To help investors find an investment policy with strong competitiveness, the purpose of this paper is to construct a multi-period investment decision model with practicality and superior performance.

The paper uses a suitable multi-period risk measure to construct a multi-period portfolio selection model, where target returns at intermediate periods and market frictions are taken into account simultaneously. An efficient scenario tree generation approach is proposed in order to transform the complex multi-period portfolio selection problem into a tractable one.

Numerical results show the new scenario tree generation algorithms are stable and can further reduce the tree size. With the scenario tree generated by the new scenario tree generation approach, the optimal investment strategy obtained under the multi-period investment decision model has more superior performance and robustness than the corresponding optimal investment strategy obtained under the single period investment model or the multi-period investment model only paying attention to the terminal cash flow.

The new risk measure and multi-period investment decision models can stimulate readers to find even better models and to efficiently solve realistic multi-period portfolio selection problems.

The empirical results show the superior performance and robustness of optimal investment strategy obtained with the new models. What's more important, the empirical analyses tell readers how different market frictions affect the performance of optimal portfolios, which can guide them to efficiently solve real multi-period investment decision problems in practice.

The paper first derives the concrete structure of the time consistent generalized convex multi-period risk measure, then constructs a multi-period portfolio selection model based on the new multi-period risk measure, and proposes a new extremum scenario tree generation algorithm. The authors construct a realistic multi-period investment decision model. Furthermore, using the proposed scenario tree generation algorithm, the authors transform the established stochastic investment decision model into a deterministic optimization problem, which can provide optimal investment decisions with robustness and superior performance.

The relationship between Cr/C and properties of Fe‐C‐Cr high chromium white irons was studied by calculating the valence electron structure of austenite of Fe‐C‐Cr high chromium white irons with the empirical electron theory of solids and molecules (EET) and the equilibrium phase diagram of Fe‐C‐Cr system. Results show that the C‐Cr bond is the strongest bond of all bonds in alloying austenite in Fe‐C‐Cr high chromium white irons of industrial application and, thereby, causes partial aggregation of C‐Cr atomic groups. The weight of partial aggregation of C‐Cr atomic groups would be increased greatly and more austenite would be reserved to room temperature when Cr/>6. The Fe‐CCr high chromium white irons achieve best mechanical property when Cr/C=5.5‐6.5.

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.

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.

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.

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.

The purpose of this paper is to resolve the problem of the dynamic response performance of the driving control system for a six-wheeled planetary rover. An adaptive sliding mode controller based on an improved genetic algorithm (IGA) to tune PID sliding surface parameters was used in the driving control system of the planetary rover.

First, the mathematical model of planetary rover driving control is established. Second, according to sliding mode variable structure control, an equivalent controller and a disturbance controller are constructed to solve the problem of a multi-disturbance nonlinear driving control system of planetary rovers and an IGA is used to tune PID parameters.

Simulation results show that the proposed control algorithm improves the accuracy of the driving control system and optimizes the smoothness of rover motion control.

The controller based on the IGA to tune PID sliding surface parameters has good self-adaptability and real-time controllability for the control object which is difficult to present a precise mathematical model.

The advanced control method is adopted to solve the uncertainty and external interference of planetary rovers in a complex environment. The mathematical model of the six-wheeled rover is established as the control object and the uncertainty and external disturbance of the model are considered. The controller based on IGA has good adaptability and real-time performance and the control algorithm can be used to drive robots in complex environments.

In confronting the challenge of climate change and progressing towards dual carbon goals, China is actively implementing low-carbon city pilot policy. This paper aims to focus on the potential impact of this policy on enterprise green governance, aiming to promote the reduction and balance of carbon emissions.

Based on the panel data of China's large-scale industrial enterprises from 2007 to 2013, this paper uses the Difference-in-differences (DID) method to study the impact and path mechanism of the implementation of low-carbon city pilot policy on enterprise green governance. Heterogeneity analysis is used to compare the effects of low-carbon city pilot policy in different regions, different enterprises and different industries.

The low-carbon pilot can indeed effectively enhance corporate green governance, a conclusion that still holds after a series of robustness tests. The low-carbon city pilot policy mainly enhances enterprise green governance through two paths: an industrial structure upgrade and enterprise energy consumption, and it improves green governance by reducing enterprise energy consumption through industrial structure upgrade. The impact of low-carbon city pilot policy on enterprise green governance shows significant differences across different regions, different enterprises and different industries.

This paper examines the impact of low-carbon city pilot policy on enterprise green governance. However, due to availability of data, there are still some limitations to be further tackled. The parallel trend test in this paper shows that the pilot policy has a significant positive effect on the green governance of enterprises. However, due to serious lack of data in some years, the authors only selected the enterprise data of a shorter period as our experimental data, which leads the results to still have certain deficiencies. For the verification of the impact mechanism, the conclusions obtained in this paper are relatively limited. Although all the mechanism tests are passed, the reliability of the results still needs to be further tested through future data samples. In addition, as the pilot policy of low-carbon cities is still in progress, the policy can be tracked and analysed in the future as more data are disclosed, and further research can be carried out through dimensional expansion.

Low-carbon city pilot policy plays an important role in inducing the green governance of enterprises. Therefore, policy makers can continue to strengthen the construction of low-carbon city pilots by refining pilot experience, building typical cases, actively promoting pilot policy experience, expanding pilot scope and enhancing the implementation efficiency of pilot policy nationwide, which will contribute to the optimization and upgrading of the regional industrial structure at the urban level and will provide experience and reference for the synergistic implementation plan of pollution reduction and carbon reduction.

The impact of the low-carbon city pilot policy on enterprise green governance not only exists in two separate paths of urban industrial upgrading and enterprise energy consumption but also exists in a chain transmission path from macro to micro. The authors find that the effect value of each influence path is different, and there is an obvious leading influence path for the role of enterprise green governance. Therefore, in the process of implementing a low-carbon city pilot policy, policies should be designed specifically for different mechanisms. Moreover, complementing and coordinating several paths should be advocated to give full play to the green governance effect of enterprises brought by different paths and to further expand the scope of industries and enterprises where policies play a role.

To the best of the authors’ knowledge, for the first time, this paper connects macro mechanisms with micro mechanisms, discovering a macro-to-micro transmission mechanism in the process of low-carbon city pilot policy affecting enterprise green governance. That is, the low-carbon city pilot policy can facilitate industrial structure upgrading, resulting in reduced enterprise energy consumption, ultimately enhancing enterprise green governance.

While previous studies have investigated the factors influencing the internet adoption, the findings may not be transferable to explain blockchain technology adoption, despite its similarities to the internet. This study aims to address this gap by exploring the mediating effect of innovation culture and the moderating effect of innovation policies on business model innovation (BMI) outcomes in emerging economy firms. It investigates how these factors synergistically facilitate BMI, offering practical guidance for public authorities and managers to develop relevant policies and govern businesses effectively.

This study collected data from 287 valid responses among 948 listed companies on the Taiwan Stock Exchange using a structured questionnaire. This study used structural equation modeling and Process Model 5 to analyze direct and indirect effects, focusing on corporate key capabilities for BMI while exploring the combined impact of innovation culture and policies.

The study revealed that innovation culture and innovation policies synergistically facilitate BMI, accelerating firms’ progress toward BMI in the emerging economy context. These outcomes offer valuable guidance for public authorities and company managers in formulating relevant policies and managing businesses effectively.

This study contributes to the literature by uniquely exploring the combined influence of innovation culture and policies on BMI in emerging economy firms, shedding light on their compounding effect and offering practical implications for policy-making and business management.

The purpose of this study is to restore the spatial distribution of overseas remittance businesses in Shantou during the 1940s. It explores various socioeconomic factors that influenced the concentration of local remittance business investment in real estate. By reconstructing the spatial distribution of remittance business activities in Shantou, this study hopes to lay a foundation for further analysis of the business strategies of Chaoshan merchants.

This research draws on information from the published Swatow Guide, archival sources and cadastral maps to identify the location of remittance enterprises and the native place and overseas networks of property owners.

This study reveals that the spatial distribution of the remittance enterprises was determined by the native place origins of local property owners, and that the inflow of overseas Chinese capital contributed to real estate development in Shantou.

Despite the limited access to Chinese official archives, this paper manages to identify several building blocks and neighbors in Shantou for spatial analysis.

This study is the first attempt to use the geographical information system (GIS) method in Chinese urban history research and hopes to establish a larger historical database of Shantou as a sample for comparison.

This investigation advances the spatial study of urban history and overseas Chinese remittances in the maritime society of South China.

The purpose of this paper is to propose a novel non-probabilistic reliability-based topology optimization (NRBTO) method for continuum structural design under interval uncertainties of load and material parameters based on the technology of 3D printing or additive manufacturing.

First, the uncertainty quantification analysis is accomplished by interval Taylor extension to determine boundary rules of concerned displacement responses. Based on the interval interference theory, a novel reliability index, named as the optimization feature distance, is then introduced to construct non-probabilistic reliability constraints. To circumvent convergence difficulties in solving large-scale variable optimization problems, the gradient-based method of moving asymptotes is also used, in which the sensitivity expressions of the present reliability measurements with respect to design variables are deduced by combination of the adjoint vector scheme and interval mathematics.

The main findings of this paper should lie in that new non-probabilistic reliability index, i.e. the optimization feature distance which is defined and further incorporated in continuum topology optimization issues. Besides, a novel concurrent design strategy under consideration of macro-micro integration is presented by using the developed RBTO methodology.

Uncertainty propagation analysis based on the interval Taylor extension method is conducted. Novel reliability index of the optimization feature distance is defined. Expressions of the adjoint vectors between interval bounds of displacement responses and the relative density are deduced. New NRBTO method subjected to continuum structures is developed and further solved by MMA algorithms.

This paper aims to investigate the high-temperature mechanical properties of HS110S steel and its corrosion behaviors in harsh downhole environment.

In this work, mechanical property measurements were carried out from 25°C to 350°C and the scanning electron microscopy was used to observe the fracture morphology. The weight-loss measurements and surface characterization were used to evaluate the corrosion resistance of HS110S steel in harsh downhole environment.

Results show that the yield strength and tensile strength of HS110S steel at 350 °C are 779 and 861 MPa, respectively. Compared with room temperature, the reduction rate values are both less than 20%. At the high-temperature corrosion environment (350 °C), the static and dynamic corrosion rates are 0.9668 and 1.9236 mm/a, respectively. The generated corrosion products are mainly composed of FeSx, FeCO₃ and Fe₃O₄. Therefore, the HS110S steel applied under such conditions needs to take suitable protective measures.

In general, the HS110 steel has widely used in conventional development conditions (e.g. low H₂S or high CO₂ environments). However, to the best of the authors’ knowledge, no studies have reported on its application at more than 250°C. Therefore, this work can be a reference to the application of HS110S steel in high-temperature corrosion conditions.