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The parallel stack loading problem considering multiple batches of storage plates 考虑多批储存板的并行堆叠装载问题
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-27 DOI: 10.1016/j.tre.2024.103873
Lebao Wu, Zuhua Jiang
This paper considers a parallel stack loading problem with multiple batches of storage plates, a problem that occurs in the plate logistics of shipbuilding. The objective of this problem is to store batches of plates in a yard simultaneously so that the number of relocations during the retrieval stage is minimal. Instead of choosing the plates’ location in the yard alone, the storage order should also be decided, and the storage priority between plates in a batch should be maintained. Such a problem can be regarded as a variant of the capacitated vehicle routing problem. This paper analyzes the influence of stack number, stack capacity, and batch number on the relocation number; optimal conditions and upper bounds under different parameter ranges are provided. Four mathematical models and an ALNS-based algorithm are designed to solve the small-sized and large-sized instances separately, and the experiments on benchmarks are conducted to demonstrate the performance of the proposed methods. Finally, some management suggestions are provided based on the analysis of the problem and experiment results.
本文考虑了造船业板材物流中出现的多批存储板材并行堆叠装载问题。该问题的目标是将多批板材同时存放在堆场中,以减少取货阶段的搬迁次数。在这个问题中,不能只选择船板在堆场中的存放位置,还需要决定存放顺序,并保持每批船板之间的存放优先级。这个问题可以看作是有容量车辆路由问题的一个变种。本文分析了堆垛数、堆垛容量和批次数对搬迁次数的影响,并提供了不同参数范围下的最优条件和上限。本文设计了四个数学模型和一种基于 ALNS 的算法,分别求解小型和大型实例,并通过基准实验证明了所提方法的性能。最后,根据问题分析和实验结果提出了一些管理建议。
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引用次数: 0
Unveiling coopetition dynamics between shared mobility and public transport: A game-theoretic approach 揭示共享交通与公共交通之间的竞争态势:博弈论方法
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-26 DOI: 10.1016/j.tre.2024.103863
Wentao Huang, Sisi Jian
The liberalization of the transport market and advancements in real-time information technologies have prospered various shared mobility services, such as ridesourcing and carsharing. The emergence of these services complicates the relationships between them and public transport, as they often compete and cooperate simultaneously. This study develops a game-theoretic model to unveil these interactions using a multi-leader single-follower framework. In this framework, operators set their service rates as leaders, while travelers are assigned to services based on a logit model, which influences the profitability of both operators. The public transport operator may also subsidize travelers who use shared mobility service to access first- or last-mile trips, referring to as the bundle services. We reformulate the resulting nonlinear, nonconvex problem into a standard convex bilevel model by using outer linear approximations and applying KKT conditions to replace the lower-level problem. An iterative algorithm is developed to solve the game-theoretical model, complemented by an optimization-based bound tightening technique to enhance solution efficiency and accuracy. Our findings show that smaller operators, limited by budget constraints, are more likely to cooperate in bundle services for longer distances but tend to compete for shorter distances. In contrast, larger operators strategically alternate between competition and cooperation based on market conditions. Furthermore, well-designed subsidies in the bundle services can incentivize cooperation between shared mobility and public transport, benefiting both operators and travelers.
交通市场的自由化和实时信息技术的进步促进了各种共享交通服务的发展,如搭乘外包和汽车共享。这些服务的出现使它们与公共交通之间的关系变得复杂,因为它们往往同时存在竞争与合作。本研究建立了一个博弈论模型,利用多领导单追随者框架来揭示这些互动关系。在这一框架中,运营商作为领导者设定其服务费率,而乘客则根据 logit 模型被分配到不同的服务,这影响了两家运营商的盈利能力。公共交通运营商还可以补贴那些使用共享交通服务进行首程或末程旅行的乘客,即捆绑服务。我们利用外线性近似和 KKT 条件取代低层次问题,将由此产生的非线性、非凸问题重新表述为标准的凸双层模型。我们开发了一种迭代算法来求解博弈理论模型,并辅以基于优化的约束紧缩技术来提高求解效率和准确性。我们的研究结果表明,规模较小的运营商受预算限制,更有可能在较长距离的捆绑服务中进行合作,但在较短距离的捆绑服务中则倾向于竞争。相比之下,规模较大的运营商会根据市场情况在竞争与合作之间进行战略交替。此外,捆绑服务中精心设计的补贴可以激励共享出行与公共交通之间的合作,使运营商和乘客都能从中受益。
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引用次数: 0
Optimal channel structure for vertically differentiated products 垂直差异化产品的最佳渠道结构
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-24 DOI: 10.1016/j.tre.2024.103860
Luyu Chang , Chuanxu Wang , Qing Zhang
Manufacturer encroachment becomes increasingly more prevalent and incurs channel competition and product competition. This paper investigates an effective encroachment format (i.e., direct selling or agent selling) to ease channel competition, and analyzes how providing vertically differentiated products (i.e., easing product competition) affects the effectiveness of easing channel competition in improving the manufacturer’s profit. Our analysis shows that the double marginalization effect of the direct channel caused by agent selling may produce a positive effect, easing channel competition. On this basis, we find that adopting quality differentiation can generate a synergy (mitigation) effect to strengthen (reduce) the effectiveness (ineffectiveness) of easing channel competition in improving the manufacturer’s profit. In addition, adopting quality differentiation enhances (reduces) the manufacturer’s preference for direct selling (non-encroachment). Further, we explore the strategic interplay between partners. We uncover that encroachment always hurts the retailer, while the retailer can prevent encroachment under quality differentiation strategy (i.e., an anti-encroachment behavior). Furthermore, although anti-encroachment causes strategy conflict between partners, Pareto improvement can achieve consistency. Interestingly, the selfish behavior of the manufacturer or retailer that pursues solely maximizing individual profit leads to an encroachment trap or an anti-encroachment trap, that is, a non-optimal result occurs. Remarkably, although anti-encroachment may be ineffective, can generate an anti-encroachment potential or an anti-encroachment threat to reduce the loss of encroachment. In particular, the manufacturer’s countermeasures (i.e., changing the equilibrium encroachment strategy) may form a deterrence to force the retailer to abandon anti-encroachment.
制造商的蚕食越来越普遍,并引发了渠道竞争和产品竞争。本文研究了缓解渠道竞争的有效蚕食形式(即直销或代理销售),并分析了提供垂直差异化产品(即缓解产品竞争)如何影响缓解渠道竞争提高制造商利润的效果。我们的分析表明,代理销售导致的直销渠道双重边缘化效应可能会产生积极影响,从而缓解渠道竞争。在此基础上,我们发现采用质量差异化可以产生协同(缓解)效应,加强(降低)缓解渠道竞争对提高制造商利润的有效性(无效性)。此外,采用质量差异化会增强(降低)制造商对直销(非侵占)的偏好。此外,我们还探讨了合作伙伴之间的战略相互作用。我们发现,蚕食总是会损害零售商的利益,而在质量差异化战略(即反蚕食行为)下,零售商可以防止蚕食。此外,尽管反蚕食会导致合作伙伴之间的战略冲突,但帕累托改进却能实现一致性。有趣的是,制造商或零售商只追求个人利益最大化的自私行为会导致蚕食陷阱或反蚕食陷阱,即出现非最优结果。值得注意的是,反蚕食虽然可能无效,但可以产生反蚕食潜力或反蚕食威胁,减少蚕食损失。特别是,制造商的反措施(即改变均衡侵占策略)可能会形成一种威慑,迫使零售商放弃反侵占。
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引用次数: 0
Mobile home delivery parcel lockers 移动房屋运送包裹柜
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-22 DOI: 10.1016/j.tre.2024.103867
Rico Kötschau, Ninja Scherr, Christian Tilk, Jan Fabian Ehmke
The demand for last-mile parcel delivery services is expected to increase. Great efforts are therefore being made to develop new ideas for more efficient last-mile delivery. One of the more recent concepts are Mobile Parcel Lockers (MPL), which can be easily repositioned to meet the actual daily demand for deliveries. In this work, we introduce the Mobile Home Delivery Parcel Locker (MHDPL) problem. Therein, a single vehicle can provide both, MPL service and Attended Home Deliveries (AHD), the current industry standard. Hence, the MHDPL problem integrates two characteristics: the simultaneous delivery of many customers as with MPLs, and the delivery of particularly remote customers in a short time as with AHDs. We present a mathematical formulation and propose an Iterated Local Search (ILS) as a solution approach. Since our ILS works on a time-space network, we introduce new problem and network-specific operators. The performance of the ILS is evaluated and the efficiency of the new service is analyzed in terms of various instance and customer characteristics, comparing it to dedicated MPL and AHD services. Our computational analysis reveals that the combination of services has economic potential and satisfies customer preferences more effectively. According to our study, an average MHDPL vehicle can serve 21% more customers than a comparable AHD vehicle.
对最后一英里包裹递送服务的需求预计会增加。因此,人们正在努力开发新的理念,以提高最后一英里投递的效率。最近提出的一个概念是移动包裹柜(MPL),它可以很容易地重新定位,以满足每天实际的投递需求。在这项工作中,我们引入了移动家庭递送包裹柜(MHDPL)问题。在这个问题中,一辆车既可以提供 MPL 服务,也可以提供目前的行业标准--上门送货服务 (AHD)。因此,MHDPL 问题综合了两个特点:与 MPL 一样,可同时为许多客户送货;与 AHD 一样,可在短时间内为特别偏远的客户送货。我们给出了一个数学公式,并提出了一种迭代局部搜索(ILS)的求解方法。由于我们的 ILS 在时空网络上运行,因此我们引入了新的问题和网络专用算子。我们评估了 ILS 的性能,并根据各种实例和客户特征分析了新服务的效率,同时将其与专用 MPL 和 AHD 服务进行了比较。我们的计算分析表明,服务组合具有经济潜力,能更有效地满足客户的偏好。根据我们的研究,MHDPL 车辆平均可比同类 AHD 车辆多服务 21% 的客户。
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引用次数: 0
Fleet sizing and pricing for hybrid ownership of shared autonomous vehicles in a multimodal transportation system 多式联运系统中共享自动驾驶车辆混合所有权的车队规模和定价
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-21 DOI: 10.1016/j.tre.2024.103871
Qing Li , Feixiong Liao , Wei Xu , Hai-Jun Huang
Shared privately-owned autonomous vehicles (SPAVs) are expected to be a primary alternative to existing car-sharing and on-demand mobility services when fully automated vehicles are soon to be privatized. In this paradigm, PAV owners make decisions on whether/when/where/for how long to share their PAVs, which would make a dynamic fleet of SPAVs. To improve the effectiveness of such a mobility system, a certain fleet of shared business-owned autonomous vehicles (SBAVs) may also be required. This study proposes a bi-level programming model considering the hybrid ownership of shared autonomous vehicles (SAVs). The upper level optimizes the fleet size of SBAVs and rental price of SAVs involving an endogenous fleet of SPAVs, and the lower level involves an SAV self-relocation strategy and attends to travelers’ daily activity-travel scheduling behaviors. A memetic algorithm involving iterative adjustments of the supply and demand sides is developed for the bi-level model. Results from numerical examples indicate that SBAVs provided by the operator complement SPAVs to serve the mobility demand to improve system performance, while PAVs owners adapt sharing behaviors and daily schedules to reduce activity-travel disutilities.
当全自动驾驶汽车即将私有化时,共享私人拥有的自动驾驶汽车(SPAVs)有望成为现有汽车共享和按需移动服务的主要替代品。在这种模式下,私人自动驾驶汽车的所有者将决定是否/何时/何地/多长时间共享他们的私人自动驾驶汽车,这将形成一个动态的私人自动驾驶汽车车队。为了提高这种交通系统的效率,可能还需要一定数量的共享商业自主车辆(SBAV)。本研究提出了一种考虑到共享自动驾驶汽车(SAVs)混合所有权的双层编程模型。上层优化 SBAV 的车队规模和 SAV 的租赁价格,涉及内生的 SPAV 车队;下层涉及 SAV 的自我定位策略,并关注旅行者的日常活动-旅行调度行为。针对双层次模型开发了一种涉及供需双方迭代调整的记忆算法。数值示例的结果表明,运营商提供的 SBAV 与 SPAV 相辅相成,共同满足移动需求,从而提高系统性能,而 PAV 的所有者则调整共享行为和日常日程安排,以减少活动-旅行的不便利性。
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引用次数: 0
Supplier and platform led games of supplier encroachment 供应商和平台主导的供应商蚕食游戏
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-20 DOI: 10.1016/j.tre.2024.103854
Yanli Tang , Suresh P. Sethi , Yulan Wang
When adopting a dual-channel strategy, a supplier who initially provides the goods for an e-commerce platform’s reselling scheme typically has two direct-sale options: (i) retail channel encroachment by opening an independent store or (ii) commission channel encroachment through selling on the platform’s online marketplace. The supplier receives all retail revenue in the former but incurs a channel entry cost. In the latter, the supplier pays the platform commission based on the resulting sales revenue, and the platform may share its demand information with the supplier. We consider two quantity leadership structures: supplier-led and platform-led. First, we show that the platform employs a linear quantity decision rule in equilibrium when there is information asymmetry. Second, a quantity-leader platform always shares its information with the supplier via the commission channel, whereas a quantity-follower platform may not have any incentive to do so. Third, regardless of who the quantity leader is, the supplier always encroaches via the commission channel if the retail-channel entry cost is high and encroaches via the retail channel if that cost is low. Quantity leadership significantly impacts the supplier’s encroachment channel selection only when the retail-channel entry cost is moderate. In this situation, a quantity-leader supplier prefers retail (commission) encroachment, whereas a quantity-follower supplier prefers commission (retail) encroachment when the commission rate is low (high). Last, we consider an extended model that focuses on the simultaneous quantity competition game, and our results characterize the conditions where the supplier is less likely to choose the commission channel in a simultaneous game than in a sequential game.
在采用双渠道战略时,最初为电子商务平台转售计划提供商品的供应商通常有两种直销选择:(i) 通过开设独立商店蚕食零售渠道,或 (ii) 通过在平台的在线市场上销售蚕食佣金渠道。在前者中,供应商获得所有零售收入,但会产生渠道进入成本。在后者中,供应商根据销售收入向平台支付佣金,平台可能会与供应商共享需求信息。我们考虑了两种数量领导结构:供应商主导型和平台主导型。首先,我们表明,当存在信息不对称时,平台在均衡状态下采用线性数量决策规则。其次,数量领导平台总是通过佣金渠道与供应商共享信息,而数量跟随平台可能没有任何动力这样做。第三,无论数量领先者是谁,如果零售渠道进入成本高,供应商总是通过佣金渠道蚕食;如果成本低,供应商则通过零售渠道蚕食。只有当零售渠道进入成本适中时,数量领先者才会对供应商的蚕食渠道选择产生重大影响。在这种情况下,数量领先的供应商更倾向于零售(佣金)侵占,而数量跟随的供应商在佣金率低(高)时更倾向于佣金(零售)侵占。最后,我们考虑了一个扩展模型,该模型侧重于同步数量竞争博弈,我们的结果描述了在同步博弈中供应商选择佣金渠道的可能性小于顺序博弈的条件。
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引用次数: 0
Data-driven resilience analysis of the global container shipping network against two cascading failures 全球集装箱航运网络针对两次级联故障的数据驱动复原力分析
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-19 DOI: 10.1016/j.tre.2024.103857
Yuhao Cao , Xuri Xin , Pisit Jarumaneeroj , Huanhuan Li , Yinwei Feng , Jin Wang , Xinjian Wang , Robyn Pyne , Zaili Yang
Being a fundamental link in the global supply chain and logistics system, the global container shipping network (GCSN) is highly interconnected, which causes the network resilience challenges by the cascading failures triggered by extreme events (e.g., COVID-19 and regional conflicts). Within this dynamic process, the load redistribution behaviour is the core countermeasure for the propagation of cascading failures, however the diversified mechanism has not been systematically studied. To fill in these gaps, this study aims to develop a pioneering resilience analysis framework against cascading failures, to comprehensively explore the impact of port disruptions on the shipping network resilience. By pioneering the influence analysis of port betweenness, weight, and connectivity on load determination and target selection, a port importance assessment method is applied as the foundation for load redistribution decisions. Based on the global service routes data from 2020 to 2023, the GCSN resilience against the sequential cascading failures of 686 ports worldwide is quantified by three metrics. A scenario analysis is conducted to simulate the effects of cascading failures triggered by 5 historical port disruption events (e.g., the COVID-19 port lockdowns and the 2024 bridge collision at Baltimore port) on resilience of the network. Determining the identified critical capacity threshold is pivotal for effectively enhancing the system’s resilience and preventing the likelihood of cascading failures. Additionally, this study offers cutting-edge perspectives to the global shipping industry stakeholders. It presents distinct strategies and preferences, offering actionable advice for port authorities in their risk response decisions. Moreover, this study delivers an economic rationale and critical evaluations, instrumental for the strategic maintenance, planning and augmentation of port infrastructures to prevent unforeseen risks.
作为全球供应链和物流系统的重要环节,全球集装箱航运网络(GCSN)具有高度的互联性,极端事件(如 COVID-19 和地区冲突)引发的级联故障给网络的恢复能力带来了挑战。在这一动态过程中,负载再分配行为是应对级联故障传播的核心对策,但其多样化机制尚未得到系统研究。为了填补这些空白,本研究旨在开发一个针对级联故障的开创性弹性分析框架,以全面探讨港口中断对航运网络弹性的影响。通过开创性地分析港口间性、重量和连通性对负载确定和目标选择的影响,应用港口重要性评估方法作为负载再分配决策的基础。基于 2020 年至 2023 年的全球航线数据,通过三个指标量化了全球 686 个港口对连续级联故障的恢复能力。通过情景分析,模拟 5 次历史港口中断事件(如 COVID-19 港口封锁和 2024 年巴尔的摩港口撞桥事件)引发的级联故障对网络弹性的影响。确定已识别的临界容量阈值对于有效提高系统恢复能力和防止出现级联故障的可能性至关重要。此外,本研究还为全球航运业利益相关者提供了前沿视角。它提出了独特的策略和偏好,为港务局的风险应对决策提供了可行的建议。此外,本研究还提供了经济学原理和关键评估,有助于港口基础设施的战略维护、规划和扩建,以防范不可预见的风险。
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引用次数: 0
Towards advanced decision-making support for shipping safety: A functional connectivity analysis 为航运安全提供高级决策支持:功能连接分析
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-17 DOI: 10.1016/j.tre.2024.103861
Shiqi Fan , Stephen Fairclough , Abdul Khalique , Alan Bury , Zaili Yang
Decision making (DM) is essential and proven to be a natural and inherent part of the success of transport systems, particularly given the fast growth of autonomous systems in transport. It is critical but remains challenging to understand and predict DM performance in transport, because operators’ mental states have not been effectively considered in complex DM processes such as ship anti-collision operations. This paper proposes an advanced decision support methodology that pioneers the incorporation of objective neurophysiological and subjective data to analyse functional connectivity in the brain and predict DM performance in ship navigation. Experiments were conducted using a functional Near-Infrared Spectroscopy (fNIRS) technology to explore the functional connectivity of two groups (low workload and high workload) and predict their DM performance in a ship collision avoidance situation. It brings brain science into transport engineering and the results generate new contributions to the existing knowledge, including (1) the establishment of a methodology to detect different workload levels in safety–critical transport systems using psychophysiological measurement; (2) analysis of brain’s functional connectivity of different groups of decision makers (e.g., seafarers) with high and low workload tasks; (3) an advanced methodology to assess human reliability in complex scenarios and predict operational behaviours; (4) pioneering a human-centred approach to predict DM performance and demonstrate its feasibility in shipping. From a practical perspective, stakeholders can utilise the findings of this study to rationally evaluate human performance in transport system operations, aiding in operator qualification and certification processes. Furthermore, it is critical for adaptive automation regarding DM support in safety–critical systems.
决策(DM)是运输系统成功的必要条件和固有组成部分,特别是考虑到运输中自主系统的快速发展。由于在复杂的决策制定过程(如船舶防碰撞操作)中,操作员的心理状态尚未得到有效考虑,因此理解和预测运输系统中的决策制定性能至关重要,但仍然具有挑战性。本文提出了一种先进的决策支持方法,率先结合客观神经生理学和主观数据分析大脑功能连接,并预测船舶导航中的 DM 性能。实验采用了功能性近红外光谱(fNIRS)技术,以探索两组(低工作量和高工作量)的功能连接,并预测他们在避免船舶碰撞情况下的 DM 性能。该研究将脑科学引入运输工程,其结果为现有知识做出了新的贡献,包括:(1)建立了一种方法,利用心理生理学测量检测安全关键运输系统中的不同工作量水平;(2)分析不同决策者群体(如海员)在高低工作量任务下的大脑功能连接;(3)一种先进的方法,用于评估复杂情景下的人类可靠性并预测操作行为;(4)开创了一种以人为本的方法,用于预测管理绩效并证明其在航运中的可行性。从实用的角度来看,利益相关者可以利用本研究的结果,合理评估运输系统操作中的人类性能,帮助操作员的资格认证和认证过程。此外,它对于安全关键系统中有关 DM 支持的自适应自动化也至关重要。
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引用次数: 0
Coordinating telehealth platform with revenue-sharing contracts under different reimbursement mechanisms 协调远程保健平台与不同报销机制下的收入共享合同
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-16 DOI: 10.1016/j.tre.2024.103864
Xinmou Zhang , Sandun C. Perera , Jian-Jun Wang , Tao Cai , Varun Gupta
The increasing prevalence of chronic diseases necessitates efficient and accessible healthcare delivery models, making telehealth platforms a promising solution. Telehealth has significantly improved chronic patients’ health by providing convenient, accessible, and personalized care, ultimately reducing hospital readmissions and improving patient outcomes. This research investigates the strategic collaboration between a physical hospital and an internet enterprise in developing a telehealth platform for chronic disease patients’ follow-up visits. We examine how government reimbursement policies and revenue-sharing contracts affect this collaborative model’s optimal pricing and performance. Using a four-stage sequential game theory model, we analyze two specific revenue-sharing contracts: capacity-based and volume-based. The study considers both homogeneous and differentiated reimbursement mechanisms, examining their influence on hospital profits, social welfare, and patient choice. Our findings demonstrate that volume-based contracts facilitate mutually beneficial collaborations, while capacity-based contracts favor hospital profitability. Homogeneous reimbursement has a limited feasible range and results in lower hospital profits and moderate social welfare. Differentiated reimbursement, coupled with the volume-based contract, maximizes social welfare by providing increased reimbursement for online patients and mitigating perceived value differences. This highlights the need for governments to prioritize differentiated reimbursement and volume-based contracts for robust and socially beneficial telehealth platforms. However, enhancing patient trust in the telehealth platform’s medical quality remains crucial for healthcare supply chain development under homogeneous reimbursement.
慢性病的发病率越来越高,因此需要高效、便捷的医疗保健服务模式,而远程医疗平台正是一种前景广阔的解决方案。远程医疗通过提供方便、可及、个性化的医疗服务,极大地改善了慢性病患者的健康状况,最终减少了再住院率,改善了患者的预后。本研究调查了一家实体医院与一家互联网企业在开发慢性病患者随访远程医疗平台方面的战略合作。我们研究了政府报销政策和收入分享合同如何影响这一合作模式的最优定价和绩效。我们采用四阶段连续博弈论模型,分析了两种特定的收入分享合同:基于能力的合同和基于数量的合同。研究同时考虑了同质化和差异化报销机制,考察了它们对医院利润、社会福利和患者选择的影响。我们的研究结果表明,基于数量的合同有利于互利合作,而基于能力的合同则有利于医院盈利。同质报销的可行范围有限,导致医院利润较低,社会福利一般。差异化报销与基于医疗量的合同相结合,通过为在线患者提供更多报销和减少感知价值差异,实现了社会福利的最大化。这突出表明,政府需要优先考虑差异化报销和基于数量的合同,以建立健全和有益于社会的远程医疗平台。然而,提高患者对远程医疗平台医疗质量的信任对于同质化报销下的医疗供应链发展仍然至关重要。
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引用次数: 0
The Impact of ISSB’s Scope 3 GHG Emissions Validation on US Manufacturers’ Stock Valuations: Analyzing the Role of Supplier Complexity ISSB 范围 3 温室气体排放验证对美国制造商股票估值的影响:分析供应商复杂性的作用
IF 8.3 1区 工程技术 Q1 ECONOMICS Pub Date : 2024-11-16 DOI: 10.1016/j.tre.2024.103850
Jingyuan Tian , Fu Jia , Lujie Chen , Xinjie Xing
The International Sustainability Standards Board’s (ISSB’s) validation of Scope 3 greenhouse gas emissions disclosure requirements represents a pivotal advancement in sustainability reporting. This study examines the implications of this validation for US-listed manufacturing firms’ stock valuations, taking into account the moderating effect of supplier complexity. Employing the event study methodology and cross-sectional regression analysis, our study reveals a positive market response to the ISSB’s validation. Moreover, we observe that supplier concentration complexity and supplier spatial complexity mitigate this positive impact, while supplier horizontal complexity does not exert a significant effect on this positive impact. This highlights the critical role of supply chain optimization in fostering sustainable business practices. Our study contributes to the literature by empirically assessing the impact of Scope 3 emissions disclosure on firm performance and exploring the moderating role of supplier complexity, thereby enhancing our understanding of sustainability disclosures within supply chain operations. Our findings offer crucial insights for manufacturers, investors, and policymakers as they navigate the complex dynamics between sustainability disclosures, supply chain management, and stock valuations.
国际可持续发展标准委员会(ISSB)对范围 3 温室气体排放披露要求的验证是可持续发展报告领域的一个关键进步。本研究考虑了供应商复杂性的调节作用,探讨了这一验证对美国上市制造业公司股票估值的影响。采用事件研究方法和横截面回归分析,我们的研究揭示了市场对 ISSB 验证的积极反应。此外,我们还发现,供应商集中复杂性和供应商空间复杂性会减轻这种积极影响,而供应商横向复杂性对这种积极影响没有显著影响。这凸显了供应链优化在促进可持续商业实践中的关键作用。我们的研究通过实证评估范围 3 排放信息披露对企业绩效的影响,探讨供应商复杂性的调节作用,从而加深我们对供应链运营中可持续发展信息披露的理解,为相关文献做出了贡献。我们的研究结果为制造商、投资者和政策制定者提供了重要的见解,帮助他们驾驭可持续发展信息披露、供应链管理和股票估值之间复杂的动态关系。
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Transportation Research Part E-Logistics and Transportation Review
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