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Maximum entropy method (MEM) is the traditional approach to estimate interbank exposure matrix, which is the key to assess contagion effect in banking system. Recently, a new transfer entropy method (TEM) is proposed to estimate interbank exposure matrix. This paper employs the two approaches to estimate interbank exposure matrix of Chinese banking system, and then simulate the contagion process given...
Energy poverty is a major socio-economic issue, developing fast in recent years, along with the global energy and economic crisis. The austerity oriented policies imposed, combine low incomes with increased fuel/energy prices, a fact that inevitably leads to the households' inability to adequately meet their energy needs. This phenomenon has currently become very intense in Greece, especially in mountainous...
Inputs to the planning and decision-making process addressing environmental and energy issues include expert opinions, public attitudes and perceptions. This research investigates the attitudes of local communities of Western Greece towards renewable energy and documents the existence of distinct household groups. Data were collected from 201 households via a questionnaire. Respondents were either...
This study investigates a Lowest Unique Integer Game (LUIG) by agent-based simulation. LUIG is a game in which each player submit a positive integer, and the player who has submitted the unique least integer wins. We consider mixtures of two types of players, naive adaptive learner and more sophisticated quasi fictitious play learner, and investigate how each type of player behaves and learns. Our...
Interval-valued intuitionistic fuzzy preference relation is a useful tool to express decision maker's interval-valued intuitionistic fuzzy preference information over criteria in the process of multi-criteria decision making. How to derive the priority weights from an interval-valued intuitionistic fuzzy preference relation is an interesting and important issue in decision making with interval-valued...
Although there are many methods for ranking type-1 fuzzy numbers, most of which exist some limitations. In this paper, we firstly propose a new distance measure based method to rank type-1 fuzzy numbers, which defines two formats of possibility mean and variation coefficient. It not only clearly discriminates the ranking of the type-1 fuzzy numbers especially for the reasonable ranking of symmetric...
This paper proposes two kinds of minimum cost models regarding all the individuals and regarding with one particular individual respectively, shows the economic significance of these two models by exploring their dual models based on the primal-dual linear programming theories, and builds the conditions when these two models have the same optimal consensus opinion.
The research on the business models is a hot topic in recent years. It is an interesting problem to study the business model of the service. There are three kinds of models related: classical service models, Business process (BP) models and the enterprise business (EB) models in management. However, none of them covers all the properties of the service business model. In this paper, we define the...
Thanks to the rapid economic growth, people are happy to see their living standards have been greatly improved. However, the constantly increasing industrial pollutants also degrade the environment and seriously impact on people's life and work. What's even worse is that the environmental deterioration also hinders the sustainable economic development. This paper, based on the Entropy Theory, comes...
Due to the increasing importance of trust in online transactions, the seller reputation system has become a widely used method for creating trust among the transactors and providing incentives for good behaviors in online transactions. A robust reputation system is considered crucial for building a better marketplace for various types of e-commerce. However, false reputation seriously affect the effectiveness...
With the increasingly serious situation of global warming, governments all over the world have adopted various carbon emission policies to strengthen the carbon regulation to enterprises and supply chains. This paper builds a supply chain (two-echelon supply chain, one producer and one retailer) carbon emissions model based on the theory of System Dynamics. We introduce the carbon emission polices...
Nowerdays, a lot of Chinese airlines not only use Micro blog, Wechat, Renren and other social media as a propagation platform for advertising, but also for product and brand promotion. This phenomomon is more and more popullar. Based on this fact, this paper analyses the social media's advertising effect, and establishes the evaluation indicator system. With investigation, the paper has taken a result...
Gift cards are widely used by many enterprises nowadays for products promotion. Gift cards are used not only for a basket of goods, but also for some specific kinds of goods. In this paper, we characterize consumers' purchasing behavior according to descending consumers' reservation price, then develop a model to derive the optimal purchase amount threshold and gift card value. We find that offering...
Instrumental variable (IV) analysis is not only able to contribute to causal inference, but also able to carry out the comparative analysis of instrumental variables estimation and least squares estimation, which makes us profoundly understanding and recognizing the social mechanisms and processes. To analyze social science, instrumental variable plays an important role in solving endophytism problem...
This paper uses two generations products as an example to examine the pricing problem of multi-generation product when there're several kinds of customers in the market, and analyzes the effect of percentage of multi-generation product buyers and strategic customers on pricing new generation product and on discount price of old generation product. The study shows that the price of the new generation...
Generally speaking, the organizational citizenship behavior (OCB) of employees and the degree of organizational socialization play significant roles in job performance and employees' feelings. In this research, an empirical tracking study was conducted. First, two OCB dimensions were measured on campus. Second, four organizational socialization dimensions were measured in the workplace. Five months...
Customer actively plays a range of roles in order to pursue complex life projects during their life cycle, in the process of which they deploy their own operant and operand resources. Based on the customer-centered perspective and customer resource theory, this paper studies on the antecedents of customer resource integration and its impact on intent to participate in further value co-creation and...
In this article, we examine the Total Factor Productivity (TFP) of agricultural and sideline food processing industries from the angle of microscopic, by constructing a Distance Function and Malmquist TFP index model. Our empirical work uses the unbalanced panel data of 545 sample companies of agricultural and sideline food processing industry in China, during the period of 2004 to 2007. The final...
This paper presents an autonomous power sharing scheme for economic operation of grid-connected DC microgrid. Autonomous economic operation approach has already been tested for standalone AC microgrids to reduce the overall generation cost and proven a simple and easier to realize compared with the centralized management approach. In this paper, the same concept has been extended to grid-connected...
Customer switching behavior refers to the action of a customer switching from one supplier of a product or service to another one. Among competing facilities, this behavior can be described as a customer switching from a facility, providing a certain kind of service, to a similar facility. In reality, customers in congested facilities are more prone to switch. Competitive location model presented...
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