Pub Date : 2013-07-17DOI: 10.1109/ICMSE.2013.6586452
Mei Hui-ying, Wang Jian-peng
In an era that innovation is the only everlasting advantage for an enterprise, the research on whether the shared leadership can enhance and promote the team innovation performance is still weak. In this paper, through the survey data of 285 questionnaires from 95 innovative teams, we explore the impact of shared leadership on innovative performance with knowledge sharing as a mediating variable and task complexity as a moderating variable. The results show that: shared leadership influences innovation performance partially through knowledge sharing as mediating role. In addition, shared leadership has a more significant impact on innovation performance under the condition of high task complexity, whereas the impact on innovation performance is more flat under the condition of low task complexity.
{"title":"The impact of shared leadership on innovation performance","authors":"Mei Hui-ying, Wang Jian-peng","doi":"10.1109/ICMSE.2013.6586452","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586452","url":null,"abstract":"In an era that innovation is the only everlasting advantage for an enterprise, the research on whether the shared leadership can enhance and promote the team innovation performance is still weak. In this paper, through the survey data of 285 questionnaires from 95 innovative teams, we explore the impact of shared leadership on innovative performance with knowledge sharing as a mediating variable and task complexity as a moderating variable. The results show that: shared leadership influences innovation performance partially through knowledge sharing as mediating role. In addition, shared leadership has a more significant impact on innovation performance under the condition of high task complexity, whereas the impact on innovation performance is more flat under the condition of low task complexity.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126819565","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586346
Huang Wei-wen, Feng Li, Chen Bo, Liang Tong-ying
The effect of R&D (research and development) spillovers not only depended on exogenous factors, but also constrained to endogenous factors. Thus, a concept of mixed spillovers is proposed in this paper. Based on AJ model and relaxed condition of homogeneous products, fixed R&D spillovers coefficient and symmetrical production cost, etc., the article discusses the influence of mixed spillovers and product differentiation on duopoly enterprises' equilibrium output and equilibrium profits in different cooperative states. Research shows that duopoly enterprises should do their best to improve their learning and absorption ability in order to reduce product variance rate. When the duopoly enterprises' aim is to reduce product cost, they should choose the cooperative R&D strategy, while when their aim is to maximize the equilibrium profits, the duopoly enterprises need choose compete in the marketplace, and cooperate in the R&D stage.
{"title":"A duopoly cooperative game analysis based on mixed spillovers and product differentiation","authors":"Huang Wei-wen, Feng Li, Chen Bo, Liang Tong-ying","doi":"10.1109/ICMSE.2013.6586346","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586346","url":null,"abstract":"The effect of R&D (research and development) spillovers not only depended on exogenous factors, but also constrained to endogenous factors. Thus, a concept of mixed spillovers is proposed in this paper. Based on AJ model and relaxed condition of homogeneous products, fixed R&D spillovers coefficient and symmetrical production cost, etc., the article discusses the influence of mixed spillovers and product differentiation on duopoly enterprises' equilibrium output and equilibrium profits in different cooperative states. Research shows that duopoly enterprises should do their best to improve their learning and absorption ability in order to reduce product variance rate. When the duopoly enterprises' aim is to reduce product cost, they should choose the cooperative R&D strategy, while when their aim is to maximize the equilibrium profits, the duopoly enterprises need choose compete in the marketplace, and cooperate in the R&D stage.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116646575","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586381
Sun De-gui, Liang Tong-ying
As an important regulatory aspect of corporate governance, the increasing perks have become the focus of the enterprise. Much research has been done to study the problems of perks from different points, and this paper deals with how perks affect the corporate performance, concerning about the relationship among perks, research and development intensity and corporate performance, trying to explore the conduction mechanism. We are to find out how perks affects the corporate performance through research and development intensity. In a conclusion, we find that as a recessive compensation, perks can promote research and development investment, and ultimately have a positive impact on corporate performance. In addition, in view of the differences in corporate nature and the nature of the industry, it will lead to different reactions and performance.
{"title":"Perks, research and development intensity and corporate performance","authors":"Sun De-gui, Liang Tong-ying","doi":"10.1109/ICMSE.2013.6586381","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586381","url":null,"abstract":"As an important regulatory aspect of corporate governance, the increasing perks have become the focus of the enterprise. Much research has been done to study the problems of perks from different points, and this paper deals with how perks affect the corporate performance, concerning about the relationship among perks, research and development intensity and corporate performance, trying to explore the conduction mechanism. We are to find out how perks affects the corporate performance through research and development intensity. In a conclusion, we find that as a recessive compensation, perks can promote research and development investment, and ultimately have a positive impact on corporate performance. In addition, in view of the differences in corporate nature and the nature of the industry, it will lead to different reactions and performance.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116665762","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586576
Chen Si-yuan
In order to steadily speed up the urbanization process, enhance the city image, to promote China's economic and social development and to build up the harmonious society, the employment problem of residents in Villagein-city have to be solved urgently. This paper chooses the employment condition of the residents in L village in Zhengzhou as the research object to analyze the group identity of the residents and employment environment. The paper uses questionnaire investigation and interview method to analyze employment status and the main problem of the residents in the village.
{"title":"On the employment of residents in village-in-city — A case study in Zhengzhou","authors":"Chen Si-yuan","doi":"10.1109/ICMSE.2013.6586576","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586576","url":null,"abstract":"In order to steadily speed up the urbanization process, enhance the city image, to promote China's economic and social development and to build up the harmonious society, the employment problem of residents in Villagein-city have to be solved urgently. This paper chooses the employment condition of the residents in L village in Zhengzhou as the research object to analyze the group identity of the residents and employment environment. The paper uses questionnaire investigation and interview method to analyze employment status and the main problem of the residents in the village.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121452096","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586492
Zhang Ying, Tan Min-zhi, A. Tjong
This paper evaluates the performance of nineteen sample funds for the period from 2007 to 2011 using three indices for measurement. Generally, Sharpe Index is the best measurement to evaluate the Chinese funds performance, but it still has some limitations while the averages of returns are not normally distributed. In order to solve this problem, we modified the traditional Sharpe Index into the Sharpe Index modified with VaR method. Furthermore, we also applied Cornish-Fisher expansion into VaR calculation to get better results. In order to assess whether the VaR methods used to evaluate the funds performance are reliable or not, we also conducted the back test. The back test used to assess the accuracy of VaR model modified with Cornish-Fisher expansion approach is the back test using the Traffic Light method and Kupiec's method, and the result of back testing reveals that the VaR model modified with Cornish-Fisher expansion approach could generate accurate risk estimation to the majority of sample funds. After analyzing the data collected, this paper observes that the most outstanding fund from nineteen samples of Chinese money funds according to adjusted Sharpe Index with VaR method is the Da Mo Hua Xin Huo Bi fund.
{"title":"Evaluation of Chinese money funds' performance","authors":"Zhang Ying, Tan Min-zhi, A. Tjong","doi":"10.1109/ICMSE.2013.6586492","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586492","url":null,"abstract":"This paper evaluates the performance of nineteen sample funds for the period from 2007 to 2011 using three indices for measurement. Generally, Sharpe Index is the best measurement to evaluate the Chinese funds performance, but it still has some limitations while the averages of returns are not normally distributed. In order to solve this problem, we modified the traditional Sharpe Index into the Sharpe Index modified with VaR method. Furthermore, we also applied Cornish-Fisher expansion into VaR calculation to get better results. In order to assess whether the VaR methods used to evaluate the funds performance are reliable or not, we also conducted the back test. The back test used to assess the accuracy of VaR model modified with Cornish-Fisher expansion approach is the back test using the Traffic Light method and Kupiec's method, and the result of back testing reveals that the VaR model modified with Cornish-Fisher expansion approach could generate accurate risk estimation to the majority of sample funds. After analyzing the data collected, this paper observes that the most outstanding fund from nineteen samples of Chinese money funds according to adjusted Sharpe Index with VaR method is the Da Mo Hua Xin Huo Bi fund.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125207196","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586309
Jianhua Dai, Chun-long Yu, Ding Yi
With regard to the ranking method of incomplete decision matrix in multi-attribute group decision making, we propose a new method based on prospect theory. Firstly, this paper deals with the individual decision matrix. On this basis, the positive and negative ideal group decision matrices and ideal alternatives are obtained through combining OWA operator. Then, according to the difference of corresponding elements between the two matrices mentioned above, g possible matrices are determined and g possible prospect values of each alternative are gained. While the mean value of the g possible prospect values for each alternative is calculated, the ranking of the alternatives can be acquired subsequently. In the end, the feasibility and validity of this new method are illustrated by a numerical example.
{"title":"A ranking method of incomplete matrix based on prospect theory","authors":"Jianhua Dai, Chun-long Yu, Ding Yi","doi":"10.1109/ICMSE.2013.6586309","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586309","url":null,"abstract":"With regard to the ranking method of incomplete decision matrix in multi-attribute group decision making, we propose a new method based on prospect theory. Firstly, this paper deals with the individual decision matrix. On this basis, the positive and negative ideal group decision matrices and ideal alternatives are obtained through combining OWA operator. Then, according to the difference of corresponding elements between the two matrices mentioned above, g possible matrices are determined and g possible prospect values of each alternative are gained. While the mean value of the g possible prospect values for each alternative is calculated, the ranking of the alternatives can be acquired subsequently. In the end, the feasibility and validity of this new method are illustrated by a numerical example.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"158 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131398100","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586440
Courvisanos Jerry, Cavagnoli Donatella
The aim of this paper is to explain the relationship between Human Resource Management (HRM) strategies and innovation. The paper systematically captures the impacts of HRM policies by Australian businesses in the form of organisational innovation, and consequently impacting on innovation and productivity. Two HRM strategies are identified as having operated in Australia over 40 years. One is a `soft' HRM strategy based on greater worker autonomy; a strategy which dominated in the 1970s and 1980s. The other is a `hard' HRM strategy based on routine worker performance measurement which has increasingly become more relevant since the 1990s and into the 21st Century as the basis for stronger competitive advantage. While recent research has found a positive relationship between HRM policies, organisational innovation, innovations and business performance, this study finds that while this was true in the 1980s and 1990s, it is not so in the 2000s. The core of the argument in this paper is that there is a positive relationship between HRM policies and organisational innovation only with the `soft' HRM strategy, while the `hard' strategy raises many questions about the ability to build significant innovation capacity. Also, the type of innovation capacity that is built in Australian businesses, that is, generally incremental and with only minor modifications, is examined in the context of both HRM strategies. The paper provides a framework of analysis that reframes the economics of innovation management using a unique `containment of structure and contingency of agency' spectrum to explain innovation-successful HRM practices. This approach accounts for both internal firm management policies and external-to-the-firm effects of government economic policies. For this reason, this approach provides a historical experience that links effective HRM strategy to building innovation capacity from both firm and government levels. The experience of Australia in being unable to manage the containment-contingency innovation spectrum should be a lesson for China as it manoeuvres towards becoming a strong innovation-driven economy.
{"title":"A tale of two strategies: Framework for evaluating human resource management and innovation in Australia — Lessons for China","authors":"Courvisanos Jerry, Cavagnoli Donatella","doi":"10.1109/ICMSE.2013.6586440","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586440","url":null,"abstract":"The aim of this paper is to explain the relationship between Human Resource Management (HRM) strategies and innovation. The paper systematically captures the impacts of HRM policies by Australian businesses in the form of organisational innovation, and consequently impacting on innovation and productivity. Two HRM strategies are identified as having operated in Australia over 40 years. One is a `soft' HRM strategy based on greater worker autonomy; a strategy which dominated in the 1970s and 1980s. The other is a `hard' HRM strategy based on routine worker performance measurement which has increasingly become more relevant since the 1990s and into the 21st Century as the basis for stronger competitive advantage. While recent research has found a positive relationship between HRM policies, organisational innovation, innovations and business performance, this study finds that while this was true in the 1980s and 1990s, it is not so in the 2000s. The core of the argument in this paper is that there is a positive relationship between HRM policies and organisational innovation only with the `soft' HRM strategy, while the `hard' strategy raises many questions about the ability to build significant innovation capacity. Also, the type of innovation capacity that is built in Australian businesses, that is, generally incremental and with only minor modifications, is examined in the context of both HRM strategies. The paper provides a framework of analysis that reframes the economics of innovation management using a unique `containment of structure and contingency of agency' spectrum to explain innovation-successful HRM practices. This approach accounts for both internal firm management policies and external-to-the-firm effects of government economic policies. For this reason, this approach provides a historical experience that links effective HRM strategy to building innovation capacity from both firm and government levels. The experience of Australia in being unable to manage the containment-contingency innovation spectrum should be a lesson for China as it manoeuvres towards becoming a strong innovation-driven economy.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133609938","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586390
Wang Yu-yan, Lin Han-chuan, Jiang Chun-lu
This paper firstly builds a relational model between entrepreneurial attitudes and intentions of university graduates by literature review and surveys to entrepreneurs. Then a type of questionnaire is designed to survey graduate students in five regions of China. Finally, we extract data from the recycling questionnaires and build up regression model to find out the influences of entrepreneurial attitudes (such as the cognitions to entrepreneurial purposes, qualities, competences and environment) and background differences on entrepreneurial intentions. This study shows that postgraduates' entrepreneurial intentions conform to the “two force driving” model, which consists of internal driving forces and external pulling power. Specifically, there is the background-differentiated effect owing to significant differences in entrepreneurial intentions of postgraduates in aspect of gender, parents' entrepreneurial experiences and household income. In addition, entrepreneurial attitudes have internal motivation-stimulated effect, quality-intensified effect, ability-combined effect and external environment-constrained effect on the promotion of entrepreneurial intentions.
{"title":"An empirical study on the relationship between background heterogeneity, entrepreneurial attitude and entrepreneurial intention — Based on questionnaire survey to postgraduates in China","authors":"Wang Yu-yan, Lin Han-chuan, Jiang Chun-lu","doi":"10.1109/ICMSE.2013.6586390","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586390","url":null,"abstract":"This paper firstly builds a relational model between entrepreneurial attitudes and intentions of university graduates by literature review and surveys to entrepreneurs. Then a type of questionnaire is designed to survey graduate students in five regions of China. Finally, we extract data from the recycling questionnaires and build up regression model to find out the influences of entrepreneurial attitudes (such as the cognitions to entrepreneurial purposes, qualities, competences and environment) and background differences on entrepreneurial intentions. This study shows that postgraduates' entrepreneurial intentions conform to the “two force driving” model, which consists of internal driving forces and external pulling power. Specifically, there is the background-differentiated effect owing to significant differences in entrepreneurial intentions of postgraduates in aspect of gender, parents' entrepreneurial experiences and household income. In addition, entrepreneurial attitudes have internal motivation-stimulated effect, quality-intensified effect, ability-combined effect and external environment-constrained effect on the promotion of entrepreneurial intentions.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133837309","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586528
Tan Yun-jiao, Liu Hui-tao
In theory and practice process, there are a number of factors that affect the ability of enterprises' technological innovation; also there are many different factors according to different classification methods. These factors directly or indirectly affect the enterprises' technological innovation capabilities, thus constraining the process of commercialization of the enterprises' technological innovation activities, to influence the improvement of the core competitiveness of enterprises. Through studying on the literature material of influence factors of technology innovation ability and evaluation of technological innovation ability, considering the internal and external environment of enterprise, this paper sum up the 10 internal factors and 2 external factors affecting enterprise technology innovation ability and then uses interpretative structural modeling to identify the relationship of many factors, and analyzes the application of technological innovation based on the model.
{"title":"Analysis of enterprise technology innovation ability based on the interpretative structural modeling","authors":"Tan Yun-jiao, Liu Hui-tao","doi":"10.1109/ICMSE.2013.6586528","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586528","url":null,"abstract":"In theory and practice process, there are a number of factors that affect the ability of enterprises' technological innovation; also there are many different factors according to different classification methods. These factors directly or indirectly affect the enterprises' technological innovation capabilities, thus constraining the process of commercialization of the enterprises' technological innovation activities, to influence the improvement of the core competitiveness of enterprises. Through studying on the literature material of influence factors of technology innovation ability and evaluation of technological innovation ability, considering the internal and external environment of enterprise, this paper sum up the 10 internal factors and 2 external factors affecting enterprise technology innovation ability and then uses interpretative structural modeling to identify the relationship of many factors, and analyzes the application of technological innovation based on the model.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"371 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113998181","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 : 2013-07-17DOI: 10.1109/ICMSE.2013.6586501
Sri Cheng, C. Wei
In this paper, we propose a novel framework - the Observer Pattern Framework (OPF) - which could better reflect the complex securities market. The core of the OPF is observer collecting relevant information from two different perspectives, namely, stock price statistics and force comparison between buyer and seller. Further, based on a practical example, we not only define observer equations and their characteristic relation, but also present numerical equations of theoretical model. Finally, the application of the OPF to the fuzzy portfolio selection problem is discussed.
{"title":"OPF: A novel framework for fuzzy portfolio selection","authors":"Sri Cheng, C. Wei","doi":"10.1109/ICMSE.2013.6586501","DOIUrl":"https://doi.org/10.1109/ICMSE.2013.6586501","url":null,"abstract":"In this paper, we propose a novel framework - the Observer Pattern Framework (OPF) - which could better reflect the complex securities market. The core of the OPF is observer collecting relevant information from two different perspectives, namely, stock price statistics and force comparison between buyer and seller. Further, based on a practical example, we not only define observer equations and their characteristic relation, but also present numerical equations of theoretical model. Finally, the application of the OPF to the fuzzy portfolio selection problem is discussed.","PeriodicalId":339946,"journal":{"name":"2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings","volume":"1034 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123127592","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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