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Product Bundling in the Electronic Commerce Environment: A Hybrid Approach 电子商务环境下的产品捆绑:一种混合方法
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.5
Wen-Yau Liang, Chun-Che Huang
Product bundling is a widespread practice in the current e-commerce environment. How- ever, there are few investigations about bundled commodities mining. Because no efficient method of product bundling is currently available, an expert selection of appropriate product bundling is a complex process. This is time-consuming and cannot efficiently meet the enterprise’s need. It is essential for a company to develop product bundling based on analyzing the related information that fits different requirements and maximizes the benefit. This study proposes a method of incorporating GA and rough set theory. The superiority of the proposed GA is its ability to model problems and explore solutions generically. The proposed method improves GA performance by reducing the domain range of the initial population and constrained crossover using rough set theory. The experimental results in this study confirm that this approach is highly effective and very promising.
在当前的电子商务环境中,产品捆绑是一种普遍的做法。然而,对大宗商品捆绑开采的调查却很少。由于目前没有有效的产品捆绑方法,专家选择合适的产品捆绑是一个复杂的过程。这样既费时又不能有效地满足企业的需求。企业在分析相关信息的基础上,制定符合不同需求的产品捆绑销售,实现效益最大化,是非常必要的。本文提出了一种将遗传算法与粗糙集理论相结合的方法。所提出的遗传算法的优势在于它能够对问题进行建模并探索一般的解决方案。该方法通过减小初始种群的域范围和利用粗糙集理论进行约束交叉来提高遗传算法的性能。本研究的实验结果证实了该方法的有效性和应用前景。
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引用次数: 0
Hedging in an Asymmetrical Freight Market 不对称货运市场中的对冲
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.2
Chih-Chen Hsu, C. E. Wang, Chih-Yueh Huang
This paper develops a bivariate asymmetric non-linear smooth-transition Generalized Autoregressive Conditional Heteroskedasticity (GARCH) (BANST-GARCH) model to hedge the risk in the shipping freight rate market. Our dataset consists of 1,768 daily spot and forward freight agreement (FFA) prices of two tanker routesTD3 and TD5with the latter showing an asymmetric pattern. The empirical results of hedging effectiveness strongly support the concept that the BANST-GARCH model outperforms other models in both in- sample and out-of-sample periods with the largest variance reduction. Thus, our model is able to capture the asymmetric pattern in the tanker freight market. This study contributes to the literature by providing a new overview of the interaction between tanker spot and FFA markets, discovering the asymmetric effect of shocks in the shipping market, developing an advanced econometric model to capture the asymmetrical effect, and constructing a better hedge strategy on the basis of our BANST-GARCH model.
本文建立了一个二元非对称非线性平滑过渡广义自回归条件异方差(BANST-GARCH)模型来对冲航运运价市场中的风险。我们的数据集包括两条油轮路线testd3和td5的每日现货和远期运费协议(FFA)价格,其中后者显示出不对称模式。套期保值有效性的实证结果有力地支持了BANST-GARCH模型在样本内和样本外期间都优于其他模型的概念,并且方差减小最大。因此,我们的模型能够捕捉到油轮货运市场的不对称模式。本研究对油轮现货和FFA市场之间的相互作用进行了新的概述,发现了航运市场冲击的不对称效应,开发了一个先进的计量经济模型来捕捉不对称效应,并在BANST-GARCH模型的基础上构建了一个更好的对冲策略。
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引用次数: 1
Improved Solution Approach for Bus Model with Stops Generalization 公交车站泛化模型的改进求解方法
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.4
Kuo-Chen Hung, C. Chu, Shu-Cheng Lin
We study the analytical traffic model to provide a better approximated solution for headway. Our work is an extension of two published papers for fixed-route bus with not all stops being made and random arrival waiting time. The purpose of this paper is threefold. First, we provide a new formulated approximation for headway. Second, numerical examples are used to point out that our new formulated approximation is more accurate than two published papers. Third, we show that the optimum headway is not a decreasing function of the average extra time required to decelerate and accelerate for a patron stop. Hence, a previous theorem needs a modification, and then we derive an improvement. The same numerical examples from two published papers are examined to support our findings.
我们研究了分析交通模型,以提供一个更好的车头时距近似解。我们的工作是对两篇已发表论文的延伸,该论文针对的是不停靠所有站点和随机到达等待时间的固定路线公交车。本文的目的有三个。首先,我们提供了一个新的车头时距近似公式。其次,用数值算例指出,我们的新公式近似比两篇已发表的论文更精确。第三,我们证明了最优车头时距不是减速和加速所需的平均额外时间的递减函数。因此,一个先前的定理需要修改,然后我们推导出一个改进。从两篇已发表的论文中检验了相同的数值例子来支持我们的发现。
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引用次数: 2
A Comparitive Study of Support Vector Machine and Logistic Regression in Credit Scorecard Model 支持向量机与Logistic回归在信用记分卡模型中的比较研究
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.6
Kiruthika, M. Dilsha
Credit analysts generally assess the risk of credit applications based on their previous experience. They frequently employ quantitative methods to this end. Most of the financial and banking institutions are using logistic regression to build a credit scorecard. Among the new method, Support Vector Machines (SVM) has been applied in various studies of scorecard modelling. SVM classification is currently an active research area and successfully solves classification problems in many domains. This paper uses standard logistic regression models and compares them with the more advanced least squares support vector machine models with linear and radial basis function kernels. A microfinance data set is used to test the model performance.
信用分析师通常根据他们以前的经验来评估信用申请的风险。为此,他们经常采用定量方法。大多数金融和银行机构都在使用逻辑回归来建立信用记分卡。在新的方法中,支持向量机(SVM)已应用于记分卡建模的各种研究中。支持向量机分类是目前一个活跃的研究领域,它成功地解决了许多领域的分类问题。本文使用标准逻辑回归模型,并将其与更先进的具有线性和径向基函数核的最小二乘支持向量机模型进行比较。使用一个小额信贷数据集来测试模型的性能。
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引用次数: 0
An Evaluation of Technical Efficiencies for the Top 100 Public Accounting Firms in China 中国百强会计师事务所技术效率评价
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.3
Bao-Guang Chang, Tai-Hsin Huang, Hsiu-Mei Wang
This paper investigates the effect of a China’s government policy, which forces a public accounting firm to enhance its production scale, technical efficiency and economies of scale. We apply and estimate a standard input distance frontier using data on the top 100 Chinese accounting firms covering 2008-2009. We find that the larger the firm size is, the more technically efficient it is, thus justifying policy enforcement. Furthermore, economies of scale prevail in the top 100 accounting firms and are not exhausted, supporting that these firms keep extending their production scale to reduce their long-run average costs. Empirical results reveal that larger accounting firms have more competitive advantage.
本文考察了中国政府政策对会计师事务所生产规模、技术效率和规模经济的影响。我们使用中国前100家会计师事务所2008-2009年的数据应用并估计了标准输入距离边界。我们发现,企业规模越大,技术效率越高,从而证明了政策执行的合理性。此外,规模经济在百强会计师事务所中占据主导地位,并没有枯竭,这支持了这些事务所不断扩大生产规模以降低其长期平均成本。实证结果表明,规模较大的会计师事务所具有更大的竞争优势。
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引用次数: 0
Project reliability evaluation of a restaurant under time constraints and customer demands 在时间限制和顾客需求下的餐厅项目可靠性评估
Q3 Engineering Pub Date : 2015-12-01 DOI: 10.6186/IJIMS.2015.26.4.1
Yi-Kuei Lin, Sheng-Chiang Chen, K-J Hsueh
Every restaurant strives to maintain the quality of its service while simultaneously attracting new customers. Thus, restaurant managers face the dual challenges of adhering to time constraints and fulfilling customer demands. To investigate this issue in the present study, cooking was regarded as a project and was analyzed using a work breakdown structure. Since many real-world projects can be described by network models using arcs and nodes, we also evaluated restaurant performance by analyzing its project network. In general, a project network mainly consists of activities, and in this case, the capacity of each cooking appliance and the duration of each activity involved in the cooking process were also accounted for in the calculations. The main purpose of this study was to evaluate the project reliability, the probability that a restaurant can produce a demanded number of meals within a certain time. A restaurant multistate project network (RMPN) was constructed based on information provided by a restaurant about the cooking process. We then measured the time spent on each activity to generate the duration distribution. An algorithm was subsequently developed to assess the project reliability of the RMPN. This algorithm can be used by restaurant managers to assess the service qualities of their restaurants.
每家餐厅都努力在保持服务质量的同时吸引新顾客。因此,餐厅经理面临着遵守时间限制和满足顾客需求的双重挑战。为了在本研究中调查这个问题,烹饪被视为一个项目,并使用工作分解结构进行分析。由于许多现实世界的项目可以通过使用弧和节点的网络模型来描述,我们也通过分析其项目网络来评估餐厅的绩效。一般来说,项目网络主要由活动组成,在这种情况下,计算中也考虑到每台烹饪器具的容量和烹饪过程中涉及的每项活动的持续时间。本研究的主要目的是评估项目的可靠性,即餐厅在一定时间内生产所需数量餐点的概率。基于餐厅提供的烹饪过程信息,构建了餐厅多状态项目网络(RMPN)。然后,我们测量在每个活动上花费的时间,以生成持续时间分布。随后开发了一种算法来评估RMPN的项目可靠性。该算法可以被餐厅管理者用来评估其餐厅的服务质量。
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引用次数: 0
Supply Chain Networks Design for Deteriorating Items under Advance Payment and Backordering 预付和延期订货下劣化物品供应链网络设计
Q3 Engineering Pub Date : 2015-09-01 DOI: 10.6186/IJIMS.2015.26.3.1
Yu-Chung Tsao, Thuy-Linh Vu
Advance payment has gained widespread use by businesses as a proactive measure to protect against unforeseen events. This paper designs a supply chain network for deteriorating items under advance payment and partial backordering, as well as for a situation in which shortages are not a factor. In each case, the solution to the mathematical model is presented for minimizing the total network cost. The models are illustrated with numerical examples, and sensitivity analysis is performed by varying the involved parameters. The computational results indicate that the greater the number of equal-sized parts by which we divide the prepayment period, the less the total network cost is.
作为防止不可预见事件发生的主动措施,预付款已被企业广泛使用。本文设计了预付货款和部分延期订货情况下的变质物品供应链网络,以及不考虑短缺的情况下的供应链网络。在每种情况下,都给出了最小化网络总成本的数学模型的解。通过数值算例对模型进行了说明,并通过改变所涉及的参数进行了灵敏度分析。计算结果表明,预付周期内等量部件的数量越大,网络总成本越小。
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引用次数: 2
The Preventive Maintenance and Inspection Policy for the System with Two Types of Failures 两类故障系统的预防性维护巡检策略
Q3 Engineering Pub Date : 2015-09-01 DOI: 10.6186/IJIMS.2015.26.3.7
Qiaoqiao Gao, Dequan Yue
In this paper, the optimal inspection and preventive maintenance policy are investigated for a system with two types of failures, one type of failure is repairable, and the other is unrepairable. When the working time of the system reaches time T, the system will be detected, if a repairable failure is found then a failure repair will be carried out, and if an unrepairable failure is found then the system will be replaced. Otherwise, a preventive repair will be carried out. The system will be replaced by a new and identical one at the time following the Nth repairable failure. We look for a bivariate optimal policy which makes the long-run expected profit per unit time maximization. The long-run average profit per unit time is obtained explicitly. Finally, we compute numerically a bivariate approximate optimal policy.
本文研究了具有两种故障类型的系统的最优检测和预防性维修策略,一种故障类型是可修复的,另一种是不可修复的。当系统工作时间达到时间T时,检测系统,如果发现可修复的故障,则进行故障修复,如果发现不可修复的故障,则更换系统。否则,将进行预防性修复。在第n个可修复故障之后,系统将被一个新的相同的系统所取代。我们寻找一个双变量最优策略,使单位时间内的长期期望利润最大化。得到单位时间的长期平均利润。最后,我们用数值方法计算了一个二元近似最优策略。
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引用次数: 0
Optimal Ordering Policy for Perishable Items in an Advanced Booking System with Stochastic Reservation Cancellations 随机取消高级预订系统中易腐物品的最优订购策略
Q3 Engineering Pub Date : 2015-09-01 DOI: 10.6186/IJIMS.2015.26.3.5
Ming-Guang Huang
Advanced booking and reservation policies involving perishable items have been extensively applied in striving to deal with volatile demand in a highly competitive marketplace. Furthermore, retailers of perishable items generally allow customers with a reservation to arbitrarily cancel their advanced bookings in order to encourage sales. Under this circumstance, retailers have difficulty in making precise order quantity decisions, especially for the higher rate and volatility involved in reservation cancellations. Accordingly, this study extends the newsvendor model to allow for advanced booking system with stochastic reservation cancellations. A transformation model for the cancellation rate variable is also developed here to conform to lognormal distribution, which is considered as more realistic and accurate for cancellations behavior. Additionally, an effective and practical ordering model for retailers is eventually developed to optimally determine the order quantity of a given perishable item during an upcoming selling period in an advanced booking system with stochastic reservation cancellations. Numerical example demonstrates that the proposed optimal ordering model in this study can find an optimal solution to maximize the expected profits of retailers. Moreover, some valuable findings for managerial reference are revealed through conducting sensitivity analysis.
在竞争激烈的市场中,为了应对多变的需求,已广泛采用了涉及易腐物品的提前预订和预订政策。此外,易腐物品的零售商通常允许有预订的客户随意取消其提前预订,以鼓励销售。在这种情况下,零售商很难做出精确的订单数量决策,特别是在预订取消的较高比率和波动性下。因此,本研究扩展了报贩模型,以允许随机取消预订的高级预订系统。本文还提出了一种符合对数正态分布的消去率变量的变换模型,该模型对消去行为更为真实和准确。此外,在随机取消预订的高级预订系统中,最终为零售商开发了一个有效实用的订购模型,以在即将到来的销售期间最优地确定给定易腐物品的订单数量。数值算例表明,本文提出的最优订货模型能够找到零售商期望利润最大化的最优解。通过敏感性分析,揭示了一些有价值的管理参考。
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引用次数: 4
The Role of Exchange Rate Fluctuations in the Volatility and Correlations in Emerging Markets 汇率波动在新兴市场波动性和相关性中的作用
Q3 Engineering Pub Date : 2015-09-01 DOI: 10.6186/IJIMS.2015.26.3.2
Alan T. Wang, I. Jiang, Horng-Jinh Chang, J. Cheng
The recent episodes of sanctions on Russia by international communities and the quantitative easing by Japanese and European central banks highlight the importance of foreign exchange risk for international investors. This paper examines how and to what extent the volatility of exchange rate affect the volatility of local equity market for Latin American countries and transition economies. Compared to Mun [15], we find that the proportions of volatility of local equity market attributable to exchange rate fluctuations for Latin American countries and transition economies are much larger than those for more developed economies. Besides, an increase in exchange rate volatility is associated with an increase in the correlation between the local and the US equity markets for Latin American countries but with a decrease in the correlation for transition economies, both to a larger extend than developed countries. In particular, our study indicates that the sign of the conditional correlation coefficient between exchange rate and local equity market varies across countries and time, inconsistent with the prediction by the so called "equity parity condition" in Hau and Rey [8].
最近国际社会对俄罗斯的制裁,以及日本和欧洲央行的量化宽松政策,突显了外汇风险对国际投资者的重要性。本文考察了汇率波动对拉美国家和转型经济体当地股票市场波动的影响方式和影响程度。与Mun[15]相比,我们发现拉美国家和转型经济体因汇率波动导致的当地股票市场波动比例远大于较发达经济体。此外,汇率波动的增加与拉丁美洲国家当地和美国股票市场之间的相关性增加有关,但与转型经济体的相关性下降有关,两者的相关性都比发达国家大。特别是,我们的研究表明,汇率与当地股票市场的条件相关系数的符号在不同的国家和时间是不同的,这与Hau和Rey[8]的所谓“股票平价条件”的预测不一致。
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引用次数: 0
期刊
International Journal of Information and Management Sciences
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