Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0086
Zehua Wei
The pressing issue of global warming, fueled by excessive carbon dioxide emissions, has spurred global concern. Researchers highlight the potential of new energy vehicles, particularly electric cars, in significantly mitigating greenhouse gas emissions. As demand for electric vehicles rises, attention turns to companies like Tesla, spearheading this transformative industry. This study delves into Tesla's financial landscape in 2023, juxtaposing it against other electric vehicle manufacturers, aiming to unveil Tesla's comparative advantages. Leveraging data sourced from Yahoo Finance, the study employs a comprehensive financial analysis, focusing on liquidity, solvency, profitability, and investment metrics. Results underscore Tesla's remarkable performance across these dimensions, showcasing its impressive profitability, operational prowess, financial stability, and investment appeal relative to its competitors. This report stands poised to guide investors intrigued by Tesla's potential, offering valuable insights into the company's financial health and positioning within the burgeoning electric vehicle sector. Through such analysis, stakeholders can make informed decisions in navigating the dynamic landscape of sustainable transportation investments.
{"title":"A Financial Analysis and Valuation of Tesla","authors":"Zehua Wei","doi":"10.54254/2754-1169/102/2024ed0086","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0086","url":null,"abstract":"The pressing issue of global warming, fueled by excessive carbon dioxide emissions, has spurred global concern. Researchers highlight the potential of new energy vehicles, particularly electric cars, in significantly mitigating greenhouse gas emissions. As demand for electric vehicles rises, attention turns to companies like Tesla, spearheading this transformative industry. This study delves into Tesla's financial landscape in 2023, juxtaposing it against other electric vehicle manufacturers, aiming to unveil Tesla's comparative advantages. Leveraging data sourced from Yahoo Finance, the study employs a comprehensive financial analysis, focusing on liquidity, solvency, profitability, and investment metrics. Results underscore Tesla's remarkable performance across these dimensions, showcasing its impressive profitability, operational prowess, financial stability, and investment appeal relative to its competitors. This report stands poised to guide investors intrigued by Tesla's potential, offering valuable insights into the company's financial health and positioning within the burgeoning electric vehicle sector. Through such analysis, stakeholders can make informed decisions in navigating the dynamic landscape of sustainable transportation investments.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"28 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141803453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/101/20231695
Man Jiang
As luxury markets become more respondent to trends since the advent of social media, marketing campaigns are incentivized to employ new stimuli in attracting younger consumers. This shifting environment suggests the usefulness of investigating younger generations luxury shopping behaviors. Thus, this study examines U.S. university students motivations for luxury consumption and evaluates whether this demographic group perceives their luxury purchases to be impulse driven. The study utilizes an online survey format, implementing Likert type items and free response sections to both quantitatively and qualitatively assess participants luxury buying tendencies in relation to the motivating effects of product-related, internal, and situational factors. The results found that U.S. university students are most stimulated by financial availability and product characteristics, when making luxury item purchases. Furthermore, more young consumers tend to characterize their luxury shopping tendencies as rational, though a smaller subgroup of the population admit to being somewhat impulsive.
{"title":"A Qualitative Investigation of Factors Influencing Luxury Purchase Decision Making: Are U.S. University Students Buying on Impulse?","authors":"Man Jiang","doi":"10.54254/2754-1169/101/20231695","DOIUrl":"https://doi.org/10.54254/2754-1169/101/20231695","url":null,"abstract":"As luxury markets become more respondent to trends since the advent of social media, marketing campaigns are incentivized to employ new stimuli in attracting younger consumers. This shifting environment suggests the usefulness of investigating younger generations luxury shopping behaviors. Thus, this study examines U.S. university students motivations for luxury consumption and evaluates whether this demographic group perceives their luxury purchases to be impulse driven. The study utilizes an online survey format, implementing Likert type items and free response sections to both quantitatively and qualitatively assess participants luxury buying tendencies in relation to the motivating effects of product-related, internal, and situational factors. The results found that U.S. university students are most stimulated by financial availability and product characteristics, when making luxury item purchases. Furthermore, more young consumers tend to characterize their luxury shopping tendencies as rational, though a smaller subgroup of the population admit to being somewhat impulsive.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"15 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141803560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0089
Guoweiqi Yang
This paper examines the electric vehicle (EV) industry, with a particular focus on Tesla, NIO, and BYD. Tesla is a leading player thanks to its efficient operations and diverse product lineup, making it a preferred choice for investors. NIO, despite having a wide range of products, faces profitability challenges, which may discourage investors. BYD impresses with its consistent profitability and significant market share in China. Financial metrics such as net profit margin, operating margin, and asset turnover are analyzed to assess the performance and appeal of each company to investors. Tesla's operational efficiency, demonstrated by its strategically located Superfactories in major markets, reinforces its industry leadership. Its diverse product range and global market reach inspire investor confidence. On the other hand, NIO grapples with negative profit margins and limited production capacity, lessening its appeal to investors. BYD's steady profitability and considerable market share in China enhance investor confidence. Despite intense competition and market volatility, all three companies are poised to capitalize on the growing demand for EVs, driven by global sustainability efforts. In conclusion, Tesla and BYD appear as appealing investment prospects due to their profitability and market dominance, while NIO struggles to attract investors. Tesla's innovative production strategies and extensive market reach place it at the forefront of the EV industry, likely drawing more investors in the future.
{"title":"A Financial Analysis and Valuation of Electric Vehicle Companies","authors":"Guoweiqi Yang","doi":"10.54254/2754-1169/102/2024ed0089","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0089","url":null,"abstract":"This paper examines the electric vehicle (EV) industry, with a particular focus on Tesla, NIO, and BYD. Tesla is a leading player thanks to its efficient operations and diverse product lineup, making it a preferred choice for investors. NIO, despite having a wide range of products, faces profitability challenges, which may discourage investors. BYD impresses with its consistent profitability and significant market share in China. Financial metrics such as net profit margin, operating margin, and asset turnover are analyzed to assess the performance and appeal of each company to investors. Tesla's operational efficiency, demonstrated by its strategically located Superfactories in major markets, reinforces its industry leadership. Its diverse product range and global market reach inspire investor confidence. On the other hand, NIO grapples with negative profit margins and limited production capacity, lessening its appeal to investors. BYD's steady profitability and considerable market share in China enhance investor confidence. Despite intense competition and market volatility, all three companies are poised to capitalize on the growing demand for EVs, driven by global sustainability efforts. In conclusion, Tesla and BYD appear as appealing investment prospects due to their profitability and market dominance, while NIO struggles to attract investors. Tesla's innovative production strategies and extensive market reach place it at the forefront of the EV industry, likely drawing more investors in the future.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141804695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0101
Ziyue Fang
This paper analyzes the personalized marketing methods of Xiaohongshu and demonstrates their benefits through successful case studies of Pizza Hut and Under Armour (UA). The study begins with an introduction to Xiaohongshu and its development history, highlighting its unique role in digital marketing. Following this, the paper provides an in-depth analysis of personalized marketing campaigns by Pizza Hut and UA on Xiaohongshu, showcasing how the platforms advanced algorithms and user-centric strategies enhance brand visibility, user engagement, and customer loyalty. The research reveals specific strategies like targeted content creation, influencer collaborations, and data-driven insights. The findings show that Xiaohongshus personalized marketing significantly boosts brand awareness, engagement rates, and customer retention. By summarizing successful patterns and experiences, the paper offers valuable insights into the practical applications and commercial potential of personalized marketing on Xiaohongshu. This study contributes to digital marketing by providing new perspectives and strategies, emphasizing the transformative impact of personalized marketing on brand performance and consumer relationships.
{"title":"Analysis of Personalized Marketing Strategy: A Case Study of Xiaohongshu in China","authors":"Ziyue Fang","doi":"10.54254/2754-1169/102/2024ed0101","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0101","url":null,"abstract":"This paper analyzes the personalized marketing methods of Xiaohongshu and demonstrates their benefits through successful case studies of Pizza Hut and Under Armour (UA). The study begins with an introduction to Xiaohongshu and its development history, highlighting its unique role in digital marketing. Following this, the paper provides an in-depth analysis of personalized marketing campaigns by Pizza Hut and UA on Xiaohongshu, showcasing how the platforms advanced algorithms and user-centric strategies enhance brand visibility, user engagement, and customer loyalty. The research reveals specific strategies like targeted content creation, influencer collaborations, and data-driven insights. The findings show that Xiaohongshus personalized marketing significantly boosts brand awareness, engagement rates, and customer retention. By summarizing successful patterns and experiences, the paper offers valuable insights into the practical applications and commercial potential of personalized marketing on Xiaohongshu. This study contributes to digital marketing by providing new perspectives and strategies, emphasizing the transformative impact of personalized marketing on brand performance and consumer relationships.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"45 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141805720","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0070
Zichen Ding
Following the cessation of the COVID-19 pandemic, the Chinese film industry has experienced a resurgence, leading to fresh prospects for the Chinese science fiction film market. On March 8, 2024, the Chinese mainland will host the release of Dune 2, which has garnered significant popularity in the Chinese science fiction cinema market. The goal of this study was to investigate whether the popularity of the Dune series of movies in the Chinese film market persists. The objective of this study was to investigate the potential influence of the Dune series of movies on the Chinese science fiction film industry. This article provided an in-depth examination of the film "Dune 2" as a specific example. This analysis utilized the distinctive attributes of the "Dune 2" film series, as well as the commercial performance and value demonstrated in the Chinese film market. It combined fundamental business theory and cinematic art knowledge to conduct a thorough examination and observation. The study yields three key outcomes: the successful adaptation of movies based on popular intellectual properties, achieved by appropriately innovating the original IP; the advancement in filming technology, which propels the growth of science fiction movies by establishing a dedicated technology park for the film industry; the influence of film music on the coherence of movie narratives, through the creation of music that aligns with the unique style of each film. This study aimed to investigate the attributes of the Chinese science fiction film market and offers recommendations for the advancement of Chinese science fiction films.
{"title":"Exploring the Development of Soft Science Fiction Films in the Chinese Film Market: Taking Dune 2 as an Example","authors":"Zichen Ding","doi":"10.54254/2754-1169/102/2024ed0070","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0070","url":null,"abstract":"Following the cessation of the COVID-19 pandemic, the Chinese film industry has experienced a resurgence, leading to fresh prospects for the Chinese science fiction film market. On March 8, 2024, the Chinese mainland will host the release of Dune 2, which has garnered significant popularity in the Chinese science fiction cinema market. The goal of this study was to investigate whether the popularity of the Dune series of movies in the Chinese film market persists. The objective of this study was to investigate the potential influence of the Dune series of movies on the Chinese science fiction film industry. This article provided an in-depth examination of the film \"Dune 2\" as a specific example. This analysis utilized the distinctive attributes of the \"Dune 2\" film series, as well as the commercial performance and value demonstrated in the Chinese film market. It combined fundamental business theory and cinematic art knowledge to conduct a thorough examination and observation. The study yields three key outcomes: the successful adaptation of movies based on popular intellectual properties, achieved by appropriately innovating the original IP; the advancement in filming technology, which propels the growth of science fiction movies by establishing a dedicated technology park for the film industry; the influence of film music on the coherence of movie narratives, through the creation of music that aligns with the unique style of each film. This study aimed to investigate the attributes of the Chinese science fiction film market and offers recommendations for the advancement of Chinese science fiction films.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"110 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141802074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0057
Suoyi Zhao
Burberry encountered challenges within the COVID-19 pandemic, resulting in a substantial decline in company revenue. Burberry launched a range of aggressive actions in response to the outbreak, aiming to swiftly address the crisis. This essay examines the phenomenon of Burberry's swift rebound during the COVID-19 pandemic and explores the factors contributing to its speedy comeback. Burberry was able to swiftly overcome its difficulties by implementing a logo transformation strategy. This article provides recommendations for luxury firms to modify their logos in order to cater to the preferences of affluent consumers. An effective social media strategy led to Burberry's swift recovery. Therefore, it is suggested that luxury firms should offer customized online services. Burberry's effective digital strategy is a primary factor in its successful resolution of difficulties. Given this rationale, the paper proposes that luxury brands should create a digital platform. This article explores strategies for luxury brands to overcome challenges and increase their commercial worth.
{"title":"Analyzing the Influential Strategy on Getting out of Trouble after the COVID-19 Epidemic","authors":"Suoyi Zhao","doi":"10.54254/2754-1169/102/2024ed0057","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0057","url":null,"abstract":"Burberry encountered challenges within the COVID-19 pandemic, resulting in a substantial decline in company revenue. Burberry launched a range of aggressive actions in response to the outbreak, aiming to swiftly address the crisis. This essay examines the phenomenon of Burberry's swift rebound during the COVID-19 pandemic and explores the factors contributing to its speedy comeback. Burberry was able to swiftly overcome its difficulties by implementing a logo transformation strategy. This article provides recommendations for luxury firms to modify their logos in order to cater to the preferences of affluent consumers. An effective social media strategy led to Burberry's swift recovery. Therefore, it is suggested that luxury firms should offer customized online services. Burberry's effective digital strategy is a primary factor in its successful resolution of difficulties. Given this rationale, the paper proposes that luxury brands should create a digital platform. This article explores strategies for luxury brands to overcome challenges and increase their commercial worth.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"48 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141803735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0075
Haiyang Qiu
This paper examines the creation of investment portfolios through convex optimization, multifactor models, and the multi-armed bandit (MAB) algorithms, focusing on the KL-UCB strategy to optimize decisions in uncertain settings. It explores the impact of systematic risk factors using the Fama-French three-factor model, estimating the influence of market, size, and value premiums via linear regression. The use of Monte Carlo simulation is detailed for generating potential asset allocations and calculating their expected returns, volatility, and Sharpe ratios. The optimize minimize function from the SciPy library is employed to construct an efficient frontier and determine optimal asset allocation, aiming to maximize returns or minimize volatility across various risk levels. The findings suggest that the strategy of dynamic weight adjustments combined with the KL-UCB algorithm enhances portfolio returns, particularly during market volatility. The research also reveals a portfolio inclination towards large-cap growth stocks due to the negative impacts of size and value premiums. It concludes that dynamic weight adjustment strategies offer significant potential in optimizing portfolio performance in complex market conditions, though leveraging increases risk and should be carefully managed according to investor risk tolerance.
{"title":"Investment Portfolio with Convex Optimization and Risk Adjustment Using Multi-Factor Model and Multi-Armed Bandit Algorithm","authors":"Haiyang Qiu","doi":"10.54254/2754-1169/102/2024ed0075","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0075","url":null,"abstract":"This paper examines the creation of investment portfolios through convex optimization, multifactor models, and the multi-armed bandit (MAB) algorithms, focusing on the KL-UCB strategy to optimize decisions in uncertain settings. It explores the impact of systematic risk factors using the Fama-French three-factor model, estimating the influence of market, size, and value premiums via linear regression. The use of Monte Carlo simulation is detailed for generating potential asset allocations and calculating their expected returns, volatility, and Sharpe ratios. The optimize minimize function from the SciPy library is employed to construct an efficient frontier and determine optimal asset allocation, aiming to maximize returns or minimize volatility across various risk levels. The findings suggest that the strategy of dynamic weight adjustments combined with the KL-UCB algorithm enhances portfolio returns, particularly during market volatility. The research also reveals a portfolio inclination towards large-cap growth stocks due to the negative impacts of size and value premiums. It concludes that dynamic weight adjustment strategies offer significant potential in optimizing portfolio performance in complex market conditions, though leveraging increases risk and should be carefully managed according to investor risk tolerance.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"47 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141805579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/102/2024ed0111
Yan Yu
This research examines the pathways through which digital inclusive finance impacts rural renewal, utilizing panel data collected from various Chinese provinces and cities between 2015 and 2020. The study utilizes panel individual fixed effects and mediation effect models for analysis. Findings reveal that digital inclusive finance markedly advances rural revitalization by mitigating the credit constraints faced by the "three rural" sectors (rural areas, farmers, and agriculture), thereby creating a comprehensive framework for rural development. Furthermore, digital inclusive finance fosters agricultural modernization, enhances the construction of picturesque rural areas, and contributes to common prosperity. Although regional disparities exist, with the western and eastern regions experiencing a more substantial impact compared to the central region, no significant differences were observed between the northern and southern regions.
{"title":"Investigation into the Influence of Digital Financial Inclusion on Rural Renewal","authors":"Yan Yu","doi":"10.54254/2754-1169/102/2024ed0111","DOIUrl":"https://doi.org/10.54254/2754-1169/102/2024ed0111","url":null,"abstract":"This research examines the pathways through which digital inclusive finance impacts rural renewal, utilizing panel data collected from various Chinese provinces and cities between 2015 and 2020. The study utilizes panel individual fixed effects and mediation effect models for analysis. Findings reveal that digital inclusive finance markedly advances rural revitalization by mitigating the credit constraints faced by the \"three rural\" sectors (rural areas, farmers, and agriculture), thereby creating a comprehensive framework for rural development. Furthermore, digital inclusive finance fosters agricultural modernization, enhances the construction of picturesque rural areas, and contributes to common prosperity. Although regional disparities exist, with the western and eastern regions experiencing a more substantial impact compared to the central region, no significant differences were observed between the northern and southern regions.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"36 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141805992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/101/20231660
Zijie Wang
With the steady and rapid development of China's economy, the performance of enterprises shows an excellent growth trend. However, there are also negative news caused by a large number of corporate financial fraud and a significant decline in performance. This paper takes the financial explosion event of Shanghai Electric in 2021 as an analysis case and uses systematic theoretical knowledge to analyze the causes and consequences of the case in detail. We summarize the problems and put forward the safeguard measures. Finally, we provide corresponding suggestions to help enterprises avoid relevant financial risks and hope to further help the future development of the electrical equipment manufacturing industry.
{"title":"Analysis of the Causes and Countermeasures of Financial Explosion--Taking Shanghai Electric Group Co., Ltd. as an Example","authors":"Zijie Wang","doi":"10.54254/2754-1169/101/20231660","DOIUrl":"https://doi.org/10.54254/2754-1169/101/20231660","url":null,"abstract":"With the steady and rapid development of China's economy, the performance of enterprises shows an excellent growth trend. However, there are also negative news caused by a large number of corporate financial fraud and a significant decline in performance. This paper takes the financial explosion event of Shanghai Electric in 2021 as an analysis case and uses systematic theoretical knowledge to analyze the causes and consequences of the case in detail. We summarize the problems and put forward the safeguard measures. Finally, we provide corresponding suggestions to help enterprises avoid relevant financial risks and hope to further help the future development of the electrical equipment manufacturing industry.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"32 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141806132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-25DOI: 10.54254/2754-1169/101/20231624
Weifeng Shen, Yaru Hu, Jiamei Lyu
This paper is a case study about virtual power plants in Shanghai. In this paper, the background of forming virtual power plants in China was analyzed first. Next, it is about the current situation of Chinas electricity market. Afterward, game theory was applied to form a model between consumers and the plant owners. At last, the paper analyzed the reasons why virtual power plants in Shanghai still have quite a few problems in comparison with those in South Australia. Through the analysis of the different development statuses of virtual power plants in Shanghai and South Australia, it can be seen that the development of virtual power plants in China still has a long way to go, and great efforts need to be made in terms of technical support and exploration of customers. The meaning of this whole paper is that it could raise the awareness of society and the government to pay more attention to the development of virtual power plants in Shanghai. Hopefully, many other cities will soon start the construction of their local virtual power plants and thus contribute to saving electricity in the future.
{"title":"Case Study on the Application of Game Theory in Virtual Power Plants in Shanghai","authors":"Weifeng Shen, Yaru Hu, Jiamei Lyu","doi":"10.54254/2754-1169/101/20231624","DOIUrl":"https://doi.org/10.54254/2754-1169/101/20231624","url":null,"abstract":"This paper is a case study about virtual power plants in Shanghai. In this paper, the background of forming virtual power plants in China was analyzed first. Next, it is about the current situation of Chinas electricity market. Afterward, game theory was applied to form a model between consumers and the plant owners. At last, the paper analyzed the reasons why virtual power plants in Shanghai still have quite a few problems in comparison with those in South Australia. Through the analysis of the different development statuses of virtual power plants in Shanghai and South Australia, it can be seen that the development of virtual power plants in China still has a long way to go, and great efforts need to be made in terms of technical support and exploration of customers. The meaning of this whole paper is that it could raise the awareness of society and the government to pay more attention to the development of virtual power plants in Shanghai. Hopefully, many other cities will soon start the construction of their local virtual power plants and thus contribute to saving electricity in the future.","PeriodicalId":104305,"journal":{"name":"Advances in Economics, Management and Political Sciences","volume":"17 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141802552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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