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Corporate social responsibility and stock-price crash risk: test of regulation mechanism based on institutional ownership and internal control 企业社会责任与股价暴跌风险——基于机构所有权和内部控制的监管机制检验
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-09-05 DOI: 10.1080/21681015.2023.2253817
Jiayi Fang
ABSTRACT Addressing financial risks draws attention from both government and academia. Current studies primarily focus on the impact of CSR on stock-price crash risk, overlooking the regulatory role of institutional ownership and internal control, and the mediating effect of analyst coverage. This paper investigates the relationship between CSR and stock price crash risk using data from A-share listed companies (2015–2021). Findings suggest that better CSR helps reduce stock-price crash risk. The mediating effect test shows that improved CSR attracts analysts’ attention and enhances information transparency, thus reducing stock-price crash risk. Institutional ownership, internal control and CSR have substitution relations in inhibiting stock-price crash risk. Further research shows CSR’s significant role in reducing stock-price crash risk for non-state-owned, eastern regions, and non-Big Four audited enterprises. This study enriches literature on stock-price crash risk and CSR and guide firms in reducing stock-price crash risk, promoting capital market development and enhancing enterprise evaluation systems. Graphical Abstract
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引用次数: 0
Design of an improved intelligent optimization logistics path planning model for the background of the new industrial era 新工业时代背景下改进的智能优化物流路径规划模型设计
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-29 DOI: 10.1080/21681015.2023.2251485
Dan Li, Tianlong Chai
ABSTRACT In the context of the new industrial era, intelligent manufacturing, intelligent factories, and intelligent logistics have become hot topics during the industrial revolution. In order to meet the flexibility, flexibility, and efficiency of factory logistics in the era of Industry 4.0, and improve the punctuality of logistics distribution, a factory logistics path planning model is designed based on grid environment and Ant colony optimization algorithms. The algorithm optimizes and improves the search ability and adaptability of Ant colony optimization algorithms. The test results show that the Pheromone volatile number is 0.3, which is a moderate value. When the importance of Pheromone is 3 and the heuristic factor is 6, the average optimal cost and the average number of iterations are the minimum. As the variable increases, both evaluation indicators show a trend of decreasing first and then increasing. The improvement of the initial Pheromone can speed up the Rate of convergence of the algorithm, while the quality of the planned path results is better than that of the traditional planned path, and the shortest path length is reduced from 26.46 to 24.38. The path smoothed by B-spline curve is smooth and continuous. The algorithm proposed by the research institute converges quickly, with the shortest path value being 59.43, and the maximum reduction in path length reaching 18.44%. The optimized path length converges quickly after fluctuations, and the algorithm has strong adaptability to the environment. This model can achieve accurate logistics path planning, provide competitive solutions for the implementation of intelligent logistics in factories, and promote the 4.0 factory to build a truly intelligent factory. Graphical abstract ACO was first used to solve the Traveling Salesman Problem (TSP). Assuming there are cities on the plane, defined as, the connection between cities constitutes a combination, and the cost measure of the connection between cities is expressed as. The core of TSPE is to find the path back to the starting point after traveling through all city nodes, while ensuring the lowest cost measurement.
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引用次数: 0
Designing safety-oriented tourist routes for heterogeneous tourist groups using an artificial multi-intelligence system 基于人工多智能系统的异构旅游团安全旅游线路设计
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-22 DOI: 10.1080/21681015.2023.2248144
R. Pitakaso, N. Nanthasamroeng, Sarayut Gonwirat, Surajet Khonjun, Chutchai Kaewta, Thanatkit Srichok, Sairoong Dinkoksung
ABSTRACT The prior research on tourist route design for heterogeneous groups primarily focused on total tourist preferences and individual fairness. In this study, we present an innovative approach by incorporating safety criteria into the optimal tourist route, an aspect that has been previously overlooked. Ensuring tourist safety during travel and attractions is of utmost importance for creating a secure and enjoyable experience. Our proposed safety-focused multi-objective tourist trip design, coupled with the modified artificial multiple-intelligence system, underwent testing in a case study involving 50 attractions and 44 tourist groups (comprising a total of 140 members). The computational results demonstrate that our approach outperforms existing methods by 16.16% to 36.26%, effectively reducing total traveling and attraction visiting risk by 26.1% compared to conventional techniques proposed in the literature. Moreover, our approach enhances the total preferences and tourist fairness by 5.83% and 25.57%, respectively. Graphical abstract
摘要以往针对异质群体旅游线路设计的研究主要集中在游客总体偏好和个体公平两个方面。在这项研究中,我们提出了一种创新的方法,将安全标准纳入最佳旅游路线,这是以前被忽视的一个方面。确保游客在旅游和景点期间的安全对于创造安全和愉快的体验至关重要。我们提出的以安全为重点的多目标旅游设计,加上改进的人工多智能系统,在涉及50个景点和44个旅游团(共140名成员)的案例研究中进行了测试。计算结果表明,该方法比现有方法的效率高16.16% ~ 36.26%,与文献中提出的传统方法相比,有效降低了26.1%的总旅游和景点参观风险。总体偏好和公平度分别提高了5.83%和25.57%。图形抽象
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引用次数: 0
Measuring the adoption of circular economy at the company level: usefulness and applicability of the OCE index 衡量公司层面对循环经济的采用:OCE指数的有用性和适用性
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-17 DOI: 10.1080/21681015.2023.2244496
M. I. Baumer-Cardoso, L. M. Campos, D. Pigosso, W. Ashton
ABSTRACT Several circular economy indicators have been proposed at the company level, but their applicability in industrial practice is limited. It is therefore necessary to assess the usefulness of existing metrics and refine their use through practical applications across different types of companies and industries. This study assesses the usability and usefulness of the Overall Circularity Effectiveness Index. The index was applied in three different companies, such as rubber, steel, and plastic companies. Then, the usability and usefulness of the index were analyzed through a qualitative assessment considering nine criteria based on the literature. The results showed the index demonstrated to be adaptable to different business, the data collection and index calculation were simple and not too time-consuming. However, the index’s usefulness can be improved concerning gaps identification and user experience. This study contributes to deep and advance CE assessment in companies due to lack on practical application of existing circular economy metrics. Graphical abstract
摘要在公司层面已经提出了几个循环经济指标,但它们在行业实践中的适用性有限。因此,有必要评估现有指标的有用性,并通过不同类型公司和行业的实际应用完善其使用。本研究评估了整体循环有效性指数的可用性和有用性。该指数适用于三家不同的公司,如橡胶、钢铁和塑料公司。然后,根据文献,考虑9个标准,通过定性评估对该指标的可用性和有用性进行了分析。结果表明,该指标适用于不同的业务,数据采集和指标计算简单,不太耗时。然而,在差距识别和用户体验方面,该指数的有用性可以提高。由于缺乏现有循环经济指标的实际应用,本研究有助于深入推进企业的CE评估。图形摘要
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引用次数: 1
Systematic comparison of digital maturity assessment models 数字成熟度评估模型的系统比较
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-17 DOI: 10.1080/21681015.2023.2242340
B. Cognet, J. Pernot, L. Rivest, Christophe Danjou
ABSTRACT Assessing the digital maturity of companies is essential to prepare for digital transformation in the context of Industry 4.0. Several digital maturity assessment models have emerged in the past few years to support this evaluation. One obstacle for companies is the impossibility of easily comparing themselves to one another quantitatively or qualitatively. This paper introduces a new way to compare digital maturity models through a quantitative framework that is compatible with a wide variety of models. Comparisons are performed in the space of the keywords used to characterize key performance indicators (KPIs) that are reverse engineered from the models. The matches are encoded in a keyword matrix that is used to automatically compute the match level of KPI pairs. The framework has been validated on 13 state-of-the-art maturity models whose analysis resulted in the identification of 451 KPIs characterized using 263 keywords structured according to 12 dimensions and 58 subdimensions. Graphical Abstract
评估企业的数字化成熟度对于为工业4.0背景下的数字化转型做好准备至关重要。在过去几年中出现了几种数字成熟度评估模型来支持这种评估。公司面临的一个障碍是不可能轻易地在数量或质量上与其他公司进行比较。本文介绍了一种新的方法来比较数字成熟度模型通过一个定量框架,是兼容各种各样的模型。在用于描述关键性能指标(kpi)的关键字的空间中执行比较,这些指标是从模型中逆向工程的。匹配被编码在关键字矩阵中,该矩阵用于自动计算KPI对的匹配级别。该框架已在13个最先进的成熟度模型上进行了验证,这些模型的分析结果确定了451个kpi,这些kpi使用263个关键词,根据12个维度和58个子维度构建。图形抽象
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引用次数: 0
A green inventory model considering environmental emissions under carbon tax, cap-and-offset, and cap-and-trade regulations 考虑碳税、总量控制与抵消以及总量控制与交易法规下环境排放的绿色库存模型
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-13 DOI: 10.1080/21681015.2023.2242377
S. Hasan, Abu Hashan, Md Mashud, Sujan Miah, Y. Daryanto, Ming K. Lim, M. Tseng
ABSTRACT This study assesses green technology investment as well as carbon pricing regulations, including carbon tax, cap-and-offset, and cap-and-trade, to control carbon emissions from retailer inventory. A green inventory model is studied due to a lack of investigation on the simultaneous effect of green technology investment and variable demand. Prior studies neglected the demand pattern that is sensitive to product quality, pricing, and the promotional effort of a green inventory model. This study contributes guidance to retailer managers on the optimal price and replenishment cycle given a carbon pricing regulation and green technology investment plan. This study maximizes the total profit using the classical optimization technique. Two cases are involved in representing the inventory model with and without green technology investment. The carbon pricing regulations were studied. Essential theoretical derivations have been provided to show the concavity of the anticipated model. The results prove the advantages of green technology investment and carbon pricing implementation. The numerical example and sensitivity analysis are shown, and the cap-and-trade policy works efficiently within constraints to curb carbon emissions. The manager established an optimal selling price and the replenishment cycle period by forecasting the amount of investment in green technology and some transportation cost variables. Graphical abstract
本研究评估了绿色技术投资和碳定价法规,包括碳税、限额与抵消和限额与交易,以控制零售商库存的碳排放。由于缺乏对绿色技术投资和可变需求同时作用的研究,本文研究了绿色库存模型。先前的研究忽略了对产品质量、定价和绿色库存模型的促销努力敏感的需求模式。本研究对零售商在碳定价规制和绿色技术投资计划下的最优价格和补货周期具有指导意义。本研究利用经典优化技术实现总利润最大化。分别用两种情况来表示有绿色技术投资和没有绿色技术投资的库存模型。对碳定价法规进行了研究。提供了必要的理论推导来证明预期模型的凹性。研究结果证明了绿色技术投资和碳定价的优势。通过数值算例和敏感性分析表明,限额与交易政策在约束条件下有效地抑制了碳排放。管理者通过预测绿色技术的投资额和一些运输成本变量,确定了最优销售价格和补货周期。图形抽象
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引用次数: 1
A combination of PSO-ANN hybrid algorithm and genetic algorithm to optimize technological parameters during milling 2017A alloy PSO-ANN混合算法与遗传算法相结合优化2017A合金铣削工艺参数
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-08-09 DOI: 10.1080/21681015.2023.2243312
Kamel Bousnina, Anis Hamza, N. Ben yahia
ABSTRACT Numerically controlled machine tools are commonly used in metalworking processes due to their precision and reproducibility. However, finding the appropriate cutting parameters and machining process using simple machining features is limited, as parts may have complex interacting machining features. This study contributes to solving this problem by integrating PSO-ANN hybrid algorithm and genetic algorithm, to predict and optimize roughness, cost, and energy consumption for interactive features. From the research carried out, it was found that the output variables were highly correlated, with coefficients above 0.97%. In addition, it was demonstrated that proper selection of machining techniques and sequences could lead to a significant reduction in energy consumption, with a 99.25% variation between minimum and maximum values. The genetic algorithm identified the optimum cutting parameters, namely Vc = 25.45 m/min, f = 0.111 mm/rev, and ap = 0.58 mm, which led to a considerable improvement in the results obtained. Graphical Abstract
数控机床由于其精度和再现性,通常用于金属加工过程。然而,使用简单的加工特征找到合适的切削参数和加工过程是有限的,因为零件可能具有复杂的相互作用的加工特征。本研究通过将PSO-ANN混合算法和遗传算法相结合,预测和优化交互特征的粗糙度、成本和能耗,为解决这一问题做出了贡献。从所进行的研究中发现,输出变量高度相关,系数超过0.97%。此外,还表明,正确选择加工技术和顺序可以显著降低能耗,最小值和最大值之间的变化率为99.25%。遗传算法确定了最佳切削参数,即Vc = 25.45 米/分钟,f = 0.111 mm/rev和ap = 0.58 mm,这导致了所获得的结果的显著改进。图形摘要
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引用次数: 1
Opportunistic maintenance modeling for series production systems based on bottleneck by considering energy consumption and market demand 考虑能耗和市场需求的基于瓶颈的批量生产系统机会维护模型
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-07-19 DOI: 10.1080/21681015.2023.2234377
A. Salmasnia, Amir Shabani
ABSTRACT Nowadays, series production systems are broadly used in various branches of industry. In these kinds of production systems, any disruption in production flow can significantly increase production cost and time; therefore, a proper maintenance strategy considerably reduces the company’s costs and enhance organizational performance. In this research, a novel bottleneck-centered opportunistic maintenance policy for a series production line is proposed. First of all, the bottleneck is detected by the Lowest Production Rate method. Then, preventive maintenance time interval, reliability threshold, and number of maintenance cycles are determined by the particle swarm optimization algorithm. Finally, a novel opportunistic maintenance strategy is proposed based on analyzing the cost savings of preventive maintenance advancement and postponement. To demonstrate the model’s effectiveness, the proposed bottleneck-based opportunistic maintenance model is compared with two other maintenance models, and the results confirmed that the proposed strategy could efficiently eliminate unnecessary production breaks and achieve cost reduction. Graphical abstract
如今,系列生产系统被广泛应用于各个工业部门。在这类生产系统中,生产流程中的任何中断都会显著增加生产成本和时间;因此,适当的维护策略可以大大降低公司的成本并提高组织绩效。本文提出了一种以瓶颈为中心的系列生产线机会维护策略。首先,采用最低产量法检测瓶颈。然后利用粒子群优化算法确定预防性维护时间间隔、可靠性阈值和维护周期数;最后,在分析预防性维修提前和延期成本节约的基础上,提出了一种新的机会性维修策略。为了验证该模型的有效性,将基于瓶颈的机会维修模型与其他两种维修模型进行了比较,结果表明该策略能够有效地消除不必要的生产中断,实现成本的降低。图形抽象
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引用次数: 0
ACOUSTIC PROPERTIES OF HIGHLY ELASTIC POLYURETHANE FOAM VAPEN HR 3744 高弹性聚氨酯泡沫蒸汽3744的声学特性
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-07-01 DOI: 10.24867/jpe-2023-01-013
Stefan Pajović, B. Radičević, Tanja Miodragović, Jovana Perić
Within this research, testing of the acoustic properties of polyurethane foam samples was conducted. The measurement of the absorption coefficient was performed using the transfer function method in an impedance tube, according to the SRPS EN ISO 10534-2:2008 standard. The tested samples represent highly elastic polyurethane foam of low density, with sample thickness ranging from 10 mm to 100 mm. The research results indicate the potential application of polyurethane foam in areas that require efficient sound insulation or noise control, particularly in the mid-frequency range. Therefore, polyurethane foam can be considered an excellent material with acoustic properties that exceed expectations within the given frequency range.
在本研究中,对聚氨酯泡沫试样的声学性能进行了测试。根据SRPS EN ISO 10534-2:2008标准,在阻抗管中使用传递函数法测量吸收系数。测试样品为低密度的高弹性聚氨酯泡沫,样品厚度从10毫米到100毫米不等。研究结果表明,聚氨酯泡沫塑料在需要有效隔声或噪声控制的领域,特别是在中频范围内具有潜在的应用前景。因此,聚氨酯泡沫可以被认为是一种优秀的材料,其声学性能在给定的频率范围内超出预期。
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引用次数: 0
MODAL ANALYSIS OF MOTORIZED SPINDLE USING FINITE ELEMENT METHOD 电主轴模态分析的有限元方法
IF 4.5 Q2 ENGINEERING, INDUSTRIAL Pub Date : 2023-07-01 DOI: 10.24867/jpe-2023-01-009
Milos Knezev, Aleksadar Zivkovic, D. Marinković, C. Mladjenovic, Calin Andrei, Vojin Ilic
Dynamic market conditions shows contant need to significantly shorten the time cycle of the product design phase, with demands for the lowest possible price and highest possible quality. Motorized spindle is already widely used as the main spindle of modern machine tools. Predict dynamic characteristic through numerical simulations is trend among machine tool manufacturers, especially when high accuracy is involved. Finite element method (FEM) is the most commonly used method for analyzing the dynamic behavior of the main spindle. In this work, a model was developed based on the finite element method. The obtained results are compared with experimental test.
动态的市场条件表明,需要显著缩短产品设计阶段的时间周期,要求尽可能低的价格和尽可能高的质量。电主轴作为现代机床的主轴已得到广泛应用。通过数值模拟预测机床的动态特性是机床制造的发展趋势,尤其是在精度要求较高的情况下。有限元法是分析主轴动力特性最常用的方法。在此基础上,建立了基于有限元法的模型。所得结果与实验结果进行了比较。
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引用次数: 0
期刊
Journal of Industrial and Production Engineering
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