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1 – 10 of over 1000Charitha Sasika Hettiarachchi, Nanfei Sun, Trang Minh Quynh Le and Naveed Saleem
The COVID-19 pandemic has posed many challenges in almost all sectors around the globe. Because of the pandemic, government entities responsible for managing health-care resources…
Abstract
Purpose
The COVID-19 pandemic has posed many challenges in almost all sectors around the globe. Because of the pandemic, government entities responsible for managing health-care resources face challenges in managing and distributing their limited and valuable health resources. In addition, severe outbreaks may occur in a small or large geographical area. Therefore, county-level preparation is crucial for officials and organizations who manage such disease outbreaks. However, most COVID-19-related research projects have focused on either state- or country-level. Only a few studies have considered county-level preparations, such as identifying high-risk counties of a particular state to fight against the COVID-19 pandemic. Therefore, the purpose of this research is to prioritize counties in a state based on their COVID-19-related risks to manage the COVID outbreak effectively.
Design/methodology/approach
In this research, the authors use a systematic hybrid approach that uses a clustering technique to group counties that share similar COVID conditions and use a multi-criteria decision-making approach – the analytic hierarchy process – to rank clusters with respect to the severity of the pandemic. The clustering was performed using two methods, k-means and fuzzy c-means, but only one of them was used at a time during the experiment.
Findings
The results of this study indicate that the proposed approach can effectively identify and rank the most vulnerable counties in a particular state. Hence, state health resources managing entities can identify counties in desperate need of more attention before they allocate their resources and better prepare those counties before another surge.
Originality/value
To the best of the authors’ knowledge, this study is the first to use both an unsupervised learning approach and the analytic hierarchy process to identify and rank state counties in accordance with the severity of COVID-19.
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Nicola Castellano, Roberto Del Gobbo and Lorenzo Leto
The concept of productivity is central to performance management and decision-making, although it is complex and multifaceted. This paper aims to describe a methodology based on…
Abstract
Purpose
The concept of productivity is central to performance management and decision-making, although it is complex and multifaceted. This paper aims to describe a methodology based on the use of Big Data in a cluster analysis combined with a data envelopment analysis (DEA) that provides accurate and reliable productivity measures in a large network of retailers.
Design/methodology/approach
The methodology is described using a case study of a leading kitchen furniture producer. More specifically, Big Data is used in a two-step analysis prior to the DEA to automatically cluster a large number of retailers into groups that are homogeneous in terms of structural and environmental factors and assess a within-the-group level of productivity of the retailers.
Findings
The proposed methodology helps reduce the heterogeneity among the units analysed, which is a major concern in DEA applications. The data-driven factorial and clustering technique allows for maximum within-group homogeneity and between-group heterogeneity by reducing subjective bias and dimensionality, which is embedded with the use of Big Data.
Practical implications
The use of Big Data in clustering applied to productivity analysis can provide managers with data-driven information about the structural and socio-economic characteristics of retailers' catchment areas, which is important in establishing potential productivity performance and optimizing resource allocation. The improved productivity indexes enable the setting of targets that are coherent with retailers' potential, which increases motivation and commitment.
Originality/value
This article proposes an innovative technique to enhance the accuracy of productivity measures through the use of Big Data clustering and DEA. To the best of the authors’ knowledge, no attempts have been made to benefit from the use of Big Data in the literature on retail store productivity.
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Thiago de Sousa Barros, Julián Cárdenas and Ariane Ribeiro Hott
A small-world network is a type of network structure in which nodes are highly clustered and at short distances without being directly linked. This article analyzes whether the…
Abstract
Purpose
A small-world network is a type of network structure in which nodes are highly clustered and at short distances without being directly linked. This article analyzes whether the network of interlocking directorates among the largest Brazilian corporations follows a small-world network structure and if the small-world properties (high clustering and short distance between nodes) influence the occurrence of M&A at the domestic and international level.
Design/methodology/approach
The authors tested hypotheses regarding the relationship between small-world network properties and M&A based on a sample of large publicly-listed corporations in Brazil for the time series of 2000–2015 and using network analysis and regression techniques (probit and OLS).
Findings
The results show that while the Brazilian corporate network fits the small-world features of high clustering and short path lengths, only the distance among connected firms has a significant effect on international M&A: the shorter the distance between firms, the more likely firms undertake M&A abroad. Moreover, being integrated into the main component has a significant positive effect on national and international M&A. These findings suggest that the information and knowledge to undertake M&A can be better acquired by belonging to large business communities and not local cohesive clusters.
Originality/value
This research contributes to theories and ongoing debates about the network effects on organizational decisions and the determinants of M&A in emerging markets. In addition, this is the first study to analyze the impact of small-world networks on international M&A while controlling for country-level variables.
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Parminder Varma, Shivinder Nijjer, Kiran Sood and Simon Grima
Banks play a vital role in the economy. Investigating their competitive environment is crucial to ensuring economic stability and development. The FinTech disruption has risks and…
Abstract
Purpose
Banks play a vital role in the economy. Investigating their competitive environment is crucial to ensuring economic stability and development. The FinTech disruption has risks and opportunities for incumbent banks, and it can be valuable to investigate its effects on banking performance. Therefore, the aim of this study is to assess whether investment in FinTech is associated with better performance of Indian banks during 2012–2018.
Methodology
To do this, a sample of Indian banks was investigated between 2012 and 2018 using k-means and hierarchical cluster analysis, ANOVA, and pairwise comparison tests.
Findings
Results of the analysis strongly suggest that investment in FinTech is associated with better banking performance. Higher FinTech investments, represented by mobile transaction volume, are associated with higher efficiency scores and accounting-based performance. In particular, banks that invest in FinTech and have relatively low non-performing loans have a 7.7% higher Return on Employment (ROE) than banks with exceptionally low FinTech use and no significant investment in smart branches.
Practical Implications
Therefore, it can be recommended that Indian banks adopt a forward-looking strategic approach when making investment decisions regarding new technologies. Failing to adapt to the FinTech disruption may result in poor value creation prospects in the long run.
Originality
To the best of the authors' knowledge, this is the first study that analyses. We are not aware of any similar study on whether investment in FinTech is associated with better performance of the Indian banks during 2012–2018.
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Binh Thi Thanh Dao, Germa Coenders, Phuong Hoai Lai, Trang Thi Thu Dam and Huong Thi Trinh
Financial ratios are often used to classify firms into different clusters of financial performance. This study aims to classify firms using financial ratios with advanced…
Abstract
Purpose
Financial ratios are often used to classify firms into different clusters of financial performance. This study aims to classify firms using financial ratios with advanced techniques and identify the transition matrix of firms moving clusters during the COVID-19 period.
Design/methodology/approach
This study uses compositional data (CoDa) analysis based on existing clustering methods with transformed data by weighted logarithms of financial ratios. The data include 66 listed firms in Vietnam’s food and beverage and fishery sectors over a three-year period from 2019 to 2021, including the COVID-19 period.
Findings
These firms can be classified into three clusters of distinctive characteristics, which can serve as benchmarks for solvency and profitability. The results also show the migration from one cluster to another during the COVID-19 pandemic, allowing for the calculation of the transition probability or the transition matrix.
Practical implications
The findings indicate three distinct clusters (good, average and below-average firm performance) that can help financial analysts, accountants, investors and other strategic decision-makers in making informed choices.
Originality/value
Clustering firms with their financial ratios often suffer from various limitations, such as ratio choices, skewed distributions, outliers and redundancy. This study is motivated by a weighted CoDa approach that addresses these issues. This method can be extended to classify firms in multiple sectors or other emerging markets.
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Weiliang Zhang, Sifeng Liu, Junliang Du, Liangyan Tao and Wenjie Dong
The purpose of this study is to advance a novel evaluation index system and evaluation approach for ability of older adults in China.
Abstract
Purpose
The purpose of this study is to advance a novel evaluation index system and evaluation approach for ability of older adults in China.
Design/methodology/approach
This study constructed a comprehensive older adult ability evaluation index system with 4 primary indicators and 17 secondary indicators. Grey clustering analysis and entropy weight method are combined into a robust evaluation model for the ability of older adults.
Findings
The result demonstrates that the proposed grey clustering model is readily available to calculate the disability level of elderly individuals. The constructed index system more comprehensively considers all aspects of the disability of the elderly.
Originality/value
This study provides a quantitative method and a more reasonable index system for the determination of the disability level of the elderly.
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Rami Al-Jarrah and Faris M. AL-Oqla
This work introduces an integrated artificial intelligence schemes to enhance accurately predicting the mechanical properties of cellulosic fibers towards boosting their…
Abstract
Purpose
This work introduces an integrated artificial intelligence schemes to enhance accurately predicting the mechanical properties of cellulosic fibers towards boosting their reliability for more sustainable industries.
Design/methodology/approach
Fuzzy clustering and stacked method approach were utilized to predict the mechanical performance of the fibers. A reference dataset contains comprehensive information regarding mechanical behavior of the lignocellulosic fibers was compiled from previous experimental investigations on mechanical properties for eight different fiber materials. Data encompass three key factors: Density of 0.9–1.6 g/cm3, Diameter of 5.9–1,000 µm, and Microfibrillar angle of 2–49 deg were utilized. Initially, fuzzy clustering technique was utilized for the data. For validating proposed model, ultimate tensile strength and elongation at break were predicted and then examined against unseen new data that had not been used during model development.
Findings
The output results demonstrated remarkably accurate and highly acceptable predictions results. The error analysis for the proposed method was discussed by using statistical criteria. The stacked model proved to be effective in significantly reducing level of uncertainty in predicting the mechanical properties, thereby enhancing model’s reliability and precision. The study demonstrates the robustness and efficacy of the stacked method in accurately estimating mechanical properties of lignocellulosic fibers, making it a valuable tool for material scientists and engineers in various applications.
Originality/value
Cellulosic fibers are essential for biomaterials to enhance developing green sustainable bio-products. However, such fibers have diverse characteristics according to their types, chemical composition and structure causing inconsistent mechanical performance. This work introduces an integrated artificial intelligence schemes to enhance accurately predicting the mechanical properties of cellulosic fibers towards boosting their reliability for more sustainable industries. Fuzzy clustering and stacked method approach were utilized to predict the mechanical performance of the fibers.
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Damla Yalçıner Çal and Erdal Aydemir
The purpose of this paper is to propose a scenario-based grey methodology using clustering and optimizing with imprecise and uncertain body size data in an emergency assembly…
Abstract
Purpose
The purpose of this paper is to propose a scenario-based grey methodology using clustering and optimizing with imprecise and uncertain body size data in an emergency assembly point area to assign the people on a campus to reach the emergency assembly points under uncertain disaster times.
Design/methodology/approach
Grey clustering and a new grey p-median linear programming model are developed to determine which units to assign to the pre-determined assembly points for a main campus in case of a disaster. The models have two scenarios: 70 and 100% occurrence capacities of administrative and academic personnel and students.
Findings
In this study, the academic and administrative units have been assigned to determine five different emergency assembly points on the main campus by using the numbers of the academic and administrative personnel and student and distances of the units to the assembly point areas of each other. The alternative solutions are obtained effectively by evaluating capacity utilization rates in the scenarios.
Practical implications
It is often unclear when disasters can occur and therefore, a preliminary preparation time must be required to minimize the risk. In the case of natural, man-made (unnatural) or technological disasters, the people are required to defend themselves and move away from the disaster area as soon as possible in a proper direction. The proposed assignment model yields a final solution that effectively eliminates uncertainty regarding the selection of emergency assembly points for administrative and academic staff as well as students, in the event of disasters.
Originality/value
Grey clustering suggests an assignment plan and concurrently, an investigation is underway utilizing the grey p-median linear programming model. This investigation aims to optimize various scenarios and body sizes concerning emergency assembly areas. All campus users who are present at the disaster in units of the campus are getting uncertainty about which emergency assembly point to use, and with this study, the vital risks aim to be ultimately reduced with reasonable plans.
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Vittorio Di Vito, Giulia Torrano, Giovanni Cerasuolo and Michele Ferrucci
The small air transport (SAT) domain is gaining increasing interest over the past decade, based on its perspective relevance in enabling efficient travel over a regional range, by…
Abstract
Purpose
The small air transport (SAT) domain is gaining increasing interest over the past decade, based on its perspective relevance in enabling efficient travel over a regional range, by exploiting small airports and fixed wing aircraft with up to 19 seats (EASA CS-23 category). To support its wider adoption, it is needed to enable single pilot operations.
Design/methodology/approach
An integrated mission management system (IMMS) has been designed and implemented, able to automatically optimize the aircraft path by considering trajectory optimization needs. It takes into account both traffic scenario and weather actual and forecasted condition and is also able to select best destination airport, should pilot incapacitation occur during flight. As part of the IMMS, dedicated evolved tactical separation system (Evo-TSS) has been designed to provide elaboration of both surrounding and far located traffic and subsequent traffic clustering, to support the trajectory planning/re-planning by the IMMS.
Findings
The Clean Sky 2-funded project COAST (Cost Optimized Avionics SysTem) successfully designed and validated through flight demonstrations relevant technologies enabling affordable cockpit and avionics and supporting single pilot operations for SAT vehicles. These technologies include the TSS in its baseline and evolved versions, included in the IMMS.
Originality/value
This paper describes the TSS baseline version and the basic aspects of the Evo-TSS design. It is aimed to outline the implementation of the Evo-TSS dedicated software in Matlab/Simulink environment, the planned laboratory validation campaign and the results of the validation exercises in fast-time Matlab/Simulink environment, which were successfully concluded in 2023.
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Long Li, Binyang Chen and Jiangli Yu
The selection of sensitive temperature measurement points is the premise of thermal error modeling and compensation. However, most of the sensitive temperature measurement point…
Abstract
Purpose
The selection of sensitive temperature measurement points is the premise of thermal error modeling and compensation. However, most of the sensitive temperature measurement point selection methods do not consider the influence of the variability of thermal sensitive points on thermal error modeling and compensation. This paper considers the variability of thermal sensitive points, and aims to propose a sensitive temperature measurement point selection method and thermal error modeling method that can reduce the influence of thermal sensitive point variability.
Design/methodology/approach
Taking the truss robot as the experimental object, the finite element method is used to construct the simulation model of the truss robot, and the temperature measurement point layout scheme is designed based on the simulation model to collect the temperature and thermal error data. After the clustering of the temperature measurement point data is completed, the improved attention mechanism is used to extract the temperature data of the key time steps of the temperature measurement points in each category for thermal error modeling.
Findings
By comparing with the thermal error modeling method of the conventional fixed sensitive temperature measurement points, it is proved that the method proposed in this paper is more flexible in the processing of sensitive temperature measurement points and more stable in prediction accuracy.
Originality/value
The Grey Attention-Long Short Term Memory (GA-LSTM) thermal error prediction model proposed in this paper can reduce the influence of the variability of thermal sensitive points on the accuracy of thermal error modeling in long-term processing, and improve the accuracy of thermal error prediction model, which has certain application value. It has guiding significance for thermal error compensation prediction.
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