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Article
Publication date: 7 November 2023

Yingguang Wang

The purpose of this paper is to exploit a new and robust method to forecast the long-term extreme dynamic responses for wave energy converters (WECs).

Abstract

Purpose

The purpose of this paper is to exploit a new and robust method to forecast the long-term extreme dynamic responses for wave energy converters (WECs).

Design/methodology/approach

A new adaptive binned kernel density estimation (KDE) methodology is first proposed in this paper.

Findings

By examining the calculation results the authors has found that in the tail region the proposed new adaptive binned KDE distribution curve becomes very smooth and fits quite well with the histogram of the measured ocean wave dataset at the National Data Buoy Center (NDBC) station 46,059. Carefully studying the calculation results also reveals that the 50-year extreme power-take-off heaving force value forecasted based on the environmental contour derived using the new method is 3572600N, which is much larger than the value 2709100N forecasted via the Rosenblatt-inverse second-order reliability method (ISORM) contour method.

Research limitations/implications

The proposed method overcomes the disadvantages of all the existing nonparametric and parametric methods for predicting the tail region probability density values of the sea state parameters.

Originality/value

It is concluded that the proposed new adaptive binned KDE method is robust and can forecast well the 50-year extreme dynamic responses for WECs.

Details

Engineering Computations, vol. 40 no. 9/10
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 13 November 2023

Zhe Liu, Weibo Liu and Bin Zhao

This study aimed to explore the spatial accessibility dynamics of urban parks and their driving forces from 1901 to 2010 in terms of the dynamic relationships between spatial…

Abstract

Purpose

This study aimed to explore the spatial accessibility dynamics of urban parks and their driving forces from 1901 to 2010 in terms of the dynamic relationships between spatial morphology and road networks, taking Nanjing City as an example.

Design/methodology/approach

This study mapped and examined the spatiotemporal distribution of urban parks and road networks in four time points at Nanjing: the 1910s, 1930s, 1960s and 2010s, using the analysis methodology of spatial design network analysis, kernel density estimation and buffer analysis. Two approaches of spatial overlaying and data analysis were adopted to investigate the accessibility dynamics. The spatial overlaying compared the parks' layout and the road networks' core, subcore and noncore accessible areas; the data analysis clarified the average data on the city-wide and local scales of the road networks within the park buffer zone.

Findings

The analysis of the changing relationships between urban parks and the spatial morphology of road networks showed that the accessibility of urban parks has generally improved. This was influenced by six main factors: planning implementation, political policies, natural resources, historical heritage and cultural and economic levels.

Social implications

The results provide a reference for achieving spatial equity, improving urban park accessibility and supporting sustainable urban park planning.

Originality/value

An increasing number of studies have explored the spatial accessibility of urban parks through the relationships between their spatial distribution and road networks. However, few studies have investigated the dynamic changes in accessibility over time. Discussing parks' accessibility over relatively long-time scales has practical, innovative and theoretical values; because it can reveal correlational laws and internal influences not apparent in short term and provide reference and implications for parks' spatial equity.

Details

Open House International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0168-2601

Keywords

Book part
Publication date: 5 April 2024

Alecos Papadopoulos

The author develops a bilateral Nash bargaining model under value uncertainty and private/asymmetric information, combining ideas from axiomatic and strategic bargaining theory…

Abstract

The author develops a bilateral Nash bargaining model under value uncertainty and private/asymmetric information, combining ideas from axiomatic and strategic bargaining theory. The solution to the model leads organically to a two-tier stochastic frontier (2TSF) setup with intra-error dependence. The author presents two different statistical specifications to estimate the model, one that accounts for regressor endogeneity using copulas, the other able to identify separately the bargaining power from the private information effects at the individual level. An empirical application using a matched employer–employee data set (MEEDS) from Zambia and a second using another one from Ghana showcase the applied potential of the approach.

Article
Publication date: 18 October 2022

Yihays Fente Tarekegn, Weifeng Li and Huilin Xiao

The current paper's goal is to examine the productivity of the closed banking sector evidenced from Ethiopia. In addition, the inclusion of intangibles on productivity was…

Abstract

Purpose

The current paper's goal is to examine the productivity of the closed banking sector evidenced from Ethiopia. In addition, the inclusion of intangibles on productivity was examined in the current paper.

Design/methodology/approach

First, the standard Malmquist Productivity Index (MPI) was employed for 13 commercial banks for both stages. Second, by excluding the state-owned commercial bank, the analysis employed a bootstrapped MPI for the robust and comprehensive conclusion. Furthermore, from 2010 to 2019, the fixed effect Ordinary Least Square (OLS) regression with balanced panel data was used.

Findings

The standard MPI in both stages shows that the productivity of Ethiopian commercial banks is declining. The technological shock was the main reason for the loss. The catch-up in both stages scored above unity, mainly due to the pure efficiency change. Besides, when combined with tangible resources, the inclusion of resource-based view (RBV) proxy variables reduces technological shock regress and ultimately improves productivity change. The bootstrapped MPI also reveals that technological shock is the primary source of the productivity decline. However, efficiency change also contributes to the productivity decline based on this estimation.

Research limitations/implications

Future research could examine the more extensive productivity analysis by considering the primary sources of data collections for resource-based variables.

Practical implications

According to the study's results, banking regulatory authorities and bank management, including the shareholders, should continue to invest in cutting-edge technology to improve the productivity of the banking sector.

Originality/value

This is the first comprehensive study of productivity for Ethiopian commercial banks based on the standard MPI, bootstrapped MPI, and OLS by incorporating all resources into the analysis.

Details

International Journal of Productivity and Performance Management, vol. 73 no. 1
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 2 April 2024

Paulo Alberto Sampaio Santos, Breno Cortez and Michele Tereza Marques Carvalho

Present study aimed to integrate Geographic Information Systems (GIS) and Building Information Modeling (BIM) in conjunction with multicriteria decision-making (MCDM) to enhance…

Abstract

Purpose

Present study aimed to integrate Geographic Information Systems (GIS) and Building Information Modeling (BIM) in conjunction with multicriteria decision-making (MCDM) to enhance infrastructure investment planning.

Design/methodology/approach

This analysis combines GIS databases with BIM simulations for a novel highway project. Around 150 potential alternatives were simulated, narrowed to 25 more effective routes and 3 options underwent in-depth analysis using PROMETHEE method for decision-making, based on environmental, cost and safety criteria, allowing for comprehensive cross-perspective comparisons.

Findings

A comprehensive framework proposed was validated through a case study. Demonstrating its adaptability with customizable parameters. It aids decision-making, cost estimation, environmental impact analysis and outcome prediction. Considering these critical factors, this study holds the potential to advance new techniques for assessment and planning railways, power lines, gas and water.

Research limitations/implications

The study acknowledges limitations in GIS data quality, particularly in underdeveloped areas or regions with limited technology access. It also overlooks other pertinent variables, like social, economic, political and cultural issues. Thus, conclusions from these simulations may not entirely represent reality or diverse potential scenarios.

Practical implications

The proposed method automates decision-making, reducing subjectivity, aids in selecting effective alternatives and considers environmental criteria to mitigate negative impacts. Additionally, it minimizes costs and risks while demonstrating adaptability for assessing diverse infrastructures.

Originality/value

By integrating GIS and BIM data to support a MCDM workflow, this study proposes to fill the existing research gap in decision-making prioritization and mitigate subjective biases.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 4 December 2023

Maria Cristina Longo, Calogero Guccio and Marco Ferdinando Martorana

This paper aims to assess whether incubation affects the technical efficiency of innovative firms after entering the market. The study of efficiency allows firms to understand how…

Abstract

Purpose

This paper aims to assess whether incubation affects the technical efficiency of innovative firms after entering the market. The study of efficiency allows firms to understand how well resources have been used in production processes. The research intends to contribute to the literature on the performance of incubated firms.

Design/methodology/approach

This study estimates the relative efficiency of innovative firms adopting a DEA-based two-stage semi-parametric method. Incubation, firm age and initial capital are used for explaining the relative performance of previously incubated firms compared to non-incubated ones over a six-year period of activity. This research focuses on Italian innovative firms using a large sample of companies.

Findings

Results show that incubators have a positive and significant effect on efficiency for firms that have been in the market for more than two years. Efficiency also improves with age and with the level of initial capital of the firm.

Research limitations/implications

This analysis is limited to the quantitative dimension of inputs as reported in the balance sheets, without qualitative considerations.

Practical implications

Findings enhance firms' understanding of the role of incubators as neutral places to develop a business culture of efficiency. From an empirical standpoint, this study provides useful insights to start-uppers who intend to attend incubation programs. Overall, incubators matter to the extent that they enable new firms, net of those that fail to survive in the first two years of activity, to improve their efficiency in the use of inputs. This research also suggests incubators consider the start-ups’ potential of being efficient.

Social implications

Findings provide tips to policymakers when they are called upon to propose funding programs to support prominent firms entering the business scalability.

Originality/value

This study contributes to the literature on the relative performance of post-incubated firms, highlighting the efficiency frontier analysis. This methodological approach is relatively new in this field. It allows researchers to study the innovative firms' performance in relative terms, that is with respect to the input level. It integrates the performance-based with efficiency frontier analysis. Also, this study reinforces the idea that incubators prepare start-ups to develop capacities and managerial skills, which will be useful in post-incubation life to improve their cost competitiveness.

Details

European Journal of Innovation Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 3 January 2024

Abba Suganda Girsang and Bima Krisna Noveta

The purpose of this study is to provide the location of natural disasters that are poured into maps by extracting Twitter data. The Twitter text is extracted by using named entity…

Abstract

Purpose

The purpose of this study is to provide the location of natural disasters that are poured into maps by extracting Twitter data. The Twitter text is extracted by using named entity recognition (NER) with six classes hierarchy location in Indonesia. Moreover, the tweet then is classified into eight classes of natural disasters using the support vector machine (SVM). Overall, the system is able to classify tweet and mapping the position of the content tweet.

Design/methodology/approach

This research builds a model to map the geolocation of tweet data using NER. This research uses six classes of NER which is based on region Indonesia. This data is then classified into eight classes of natural disasters using the SVM.

Findings

Experiment results demonstrate that the proposed NER with six special classes based on the regional level in Indonesia is able to map the location of the disaster based on data Twitter. The results also show good performance in geocoding such as match rate, match score and match type. Moreover, with SVM, this study can also classify tweet into eight classes of types of natural disasters specifically for the Indonesian region, which originate from the tweets collected.

Research limitations/implications

This study implements in Indonesia region.

Originality/value

(a)NER with six classes is used to create a location classification model with StanfordNER and ArcGIS tools. The use of six location classes is based on the Indonesia regional which has the large area. Hence, it has many levels in its regional location, such as province, district/city, sub-district, village, road and place names. (b) SVM is used to classify natural disasters. Classification of types of natural disasters is divided into eight: floods, earthquakes, landslides, tsunamis, hurricanes, forest fires, droughts and volcanic eruptions.

Details

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

Keywords

Article
Publication date: 2 December 2022

Bing Li, Zhihui Shi and Wei Guo

As foreign direct investment (FDI) plays an important role in economic globalization. This paper examines the structural features of the global FDI network based on FDI flows data…

Abstract

Purpose

As foreign direct investment (FDI) plays an important role in economic globalization. This paper examines the structural features of the global FDI network based on FDI flows data and changes in the position of countries within the network.

Design/methodology/approach

In order to study the structural characteristics of the global FDI network and the status and changes of countries in the global FDI network, the authors build the investment network and apply the QAP (Quadratic Assignment Procedure) analysis to examine the evolutionary characteristics of the network and its influencing factors.

Findings

The global FDI network becomes more interconnected and has a clear “core-periphery” structure. The network connections and volumes have increased dramatically and most countries spread their assets across multiple countries, while only a handful of countries have concentrated investments. The topological structure of the global FDI network has changed noticeably, although this process has been slow and stable and countries in the core position have remained largely intact. The authors find that trade relations between countries, geographic distance and differences in economic size, income levels and institutional environments all have a significant impact on the global FDI network.

Research limitations/implications

Although we find some valuable results, some aspects need further investigation. For example, how a country uses the investment network to boost its economy and how the different industries in the investment network change over time. It is important to get the industry-level details to understand the impact of the global investment network from a government's perspective.

Practical implications

FDI affects the distribution of international capital and contributes to the development of the global economy. Therefore, it is important to study the characteristics of the global FDI network and its development patterns. With more understanding about the network as well as its evolutionary pattern, the government can possibly carry out some policies to promote direct investments as well as economic development.

Social implications

All countries should actively engage in international direct investments and strengthen their economic ties. At the same time, they can put more emphasis on inward or outward FDI based on their own level of economic development to better establish the circulation channel for domestic and international capital.

Originality/value

This paper examines foreign direct investments through the lens of a global network. In contrast to traditional bilateral studies, this paper focuses on the network structure and evolution, reflecting the dynamics of the entire direct investment system as well as the changing positions of participating countries.

Details

Kybernetes, vol. 53 no. 3
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 9 November 2022

Mukesh M.S., Yashwant B. Katpatal and Digambar S. Londhe

Recently, the serviceability of the transportation infrastructure in urban areas has become crucial. Any impact of the hazardous conditions on the urban road network causes…

Abstract

Purpose

Recently, the serviceability of the transportation infrastructure in urban areas has become crucial. Any impact of the hazardous conditions on the urban road network causes significant disruption to the functioning of the urban region, making the city’s resilience a point of concern. Thereby, the purpose of the study is to examine the city’s recovery capacity to absorb the impacts of adverse events like urban floods.

Design/methodology/approach

This study examines the road network resilience for an urban flood event for zones proposed by the Municipal Corporation to develop multiple central business districts. This study proposes a novel approach to measure the resilience of road networks in an urban region under floods caused due to heavy rainfall. A novel Road Network Resilience Index (RNRI) based on the serviceability of the road network during floods is proposed, estimated using Analytic Hierarchy Process - Multiple Criteria Evaluation (AHP-MCE) approaches by using the change in street centrality, impervious area and road network density. This study examines and analyses the resilience of road networks in two conditions: flood and nonflood conditions. Resilience was estimated for both the conditions at the city level and the decentralized zone level.

Findings

Based on RNRI values, this study identifies zones having a lower or higher resilience index. The central, southern and eastern zones have lower road network resilience and western and northern zones have high road network resilience.

Practical implications

The proposed methodology can be used to increase road network resilience within the city under flood conditions.

Originality/value

The previous literature on road network resilience concentrates on the physical properties of roads after flood events. This study demonstrates the use of nonstructural measures to improve the resilience of the road network by innovatively using the AHP-MCE approach and street centrality to measure the resilience of the road network.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 15 no. 2
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 23 October 2023

Haoze Cang, Xiangyan Zeng and Shuli Yan

The effective prediction of crude oil futures prices can provide a reference for relevant enterprises to make production plans and investment decisions. To the nonlinearity, high…

Abstract

Purpose

The effective prediction of crude oil futures prices can provide a reference for relevant enterprises to make production plans and investment decisions. To the nonlinearity, high volatility and uncertainty of the crude oil futures price, a matrixed nonlinear exponential grey Bernoulli model combined with an exponential accumulation generating operator (MNEGBM(1,1)) is proposed in this paper.

Design/methodology/approach

First, the original sequence is processed by the exponential accumulation generating operator to weaken its volatility. The nonlinear grey Bernoulli and exponential function models are combined to fit the preprocessed sequence. Then, the parameters in MNEGBM(1,1) are matrixed, so the ternary interval number sequence can be modeled directly. Marine Predators Algorithm (MPA) is chosen to optimize the nonlinear parameters. Finally, the Cramer rule is used to derive the time recursive formula.

Findings

The predictive effectiveness of the proposed model is verified by comparing it with five comparison models. Crude oil futures prices in Cushing, OK are predicted and analyzed from 2023/07 to 2023/12. The prediction results show it will gradually decrease over the next six months.

Originality/value

Crude oil futures prices are highly volatile in the short term. The use of grey model for short-term prediction is valuable for research. For the data characteristics of crude oil futures price, this study first proposes an improved model for interval number prediction of crude oil futures prices.

Details

Grey Systems: Theory and Application, vol. 14 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

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