Profit distribution of IPD projects using fuzzy alliance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shuwen Guo ◽  
Junwu Wang ◽  
Han Wu
Keyword(s):  
Cooperative Game ◽  
Choquet Integral ◽  
Fuzzy Measure ◽  
Theoretical Research ◽  
Marginal Effect ◽  
Content Type ◽  
Profit Distribution ◽  
Degree Of Participation ◽  
The Impact ◽  
Alliance Structure

PurposeThis paper examines the profit distribution of engineering projects in the integrated project delivery (IPD) mode. IPD is a new delivery method that can ameliorate many of the disadvantages of traditional delivery methods and improve project results. In the implementation of IPD, the profit distribution is key for ensuring the success of IPD projects.Design/methodology/approachThis paper described a new method for characterizing profit distribution in the IPD mode. The payment function and Shapley value of the cooperative fuzzy game of fuzzy alliance were defined by considering the Choquet integral of the fuzzy measure. The participation of each player was considered, and the influence of participation on the profit distribution was discussed. Lastly, changes in the profit distribution of core participants under different alliance combinations were studied.FindingsA case from a report of The American Institute of Architects (AIA) was used to verify the fuzzy alliance model. There was a significant correlation between the degree of participation of the owner, architect and builder and the profit distribution among these three participants.Research limitations/implicationsThe theoretical research in this paper has some limitations. Initially, this paper selects a case with only three key participants in order to simplify the research. When there are many core participants, how to establish the alliance in the IPD mode and how to establish the corresponding profit distribution model, further work is certainly required to disentangle these complexities in models. Second, in this case, BIM technology has little impact on the income of the whole project. Therefore, this paper does not consider the impact of BIM technology on the marginal effect of the IPD project. Third, the contract type in the case is a custom tri-party based on IFOA. There is no classified discussion of the impact of different contracts on the profit distribute in the paper.Practical implicationsBased on the in-depth study of cooperative game with alliance structure, this paper promotes the classic cooperative game with alliance structure. The authors define the payoff function of fuzzy cooperative games by Choquet integral of fuzzy measure, and introduce the idea into the field of IPD. It aims at extending the solution to a cooperative game without a core. It can be obtained through a simple calculation. In the IPD alliance, the fuzziness and uncertainty of the participation degree of each participant will affect the profit of the whole project. The authors find that the higher the participation rate of players, the more profit each participant has. The greater the influence weight of the designer on the alliance, the lower the influence weight of the contractor on the alliance, the lower the participation of the contractor and the designer, and the lower the income distribution value of the three core participants. It shows a monotonous decline status.Social implicationsFor any construction enterprise, it can make more profits if it joins the grand alliance. In the IPD alliance, each participant can maximize their own interests, which can also promote the enthusiasm of construction enterprises to participate in the alliance and increase the application of IPD mode in AEC industry. This research method provides a new fast, effective, and more realistic solution method for cooperative countermeasures. It can be further extended to other cooperative game fields and advance a new research perspective and solution for the distribution of cooperative interests.Originality/valueThe contribution of this paper is the development of a fuzzy alliance model that provides a tool for measuring the profit distribution in IPD. This is the first quantitative model to connect the degree of participation with the profit distribution in IPD using fuzzy alliance.

The impact of inventory productivity on new venture survival

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yu Lin ◽  
Jiannan Wang ◽  
Yingjie Shi
Keyword(s):  
Financial Constraints ◽  
Failure Time ◽  
Performance Indicator ◽  
Marginal Effect ◽  
Industrial Firms ◽  
Content Type ◽  
Aft Model ◽  
Annual Survey ◽  
Inherent Nature ◽  
The Impact

PurposeThis paper explores the relationship between inventory productivity and the likelihood of venture survival and then examines how financial constraints moderate the inventory productivity–survival linkage.Design/methodology/approachAccelerated failure time (AFT) model is employed to study the link between inventory productivity and venture survival by using small- and medium-sized enterprise (SME) data from Chinese Annual Survey of Industrial Firms (CASIF) database over the period 1999–2007.FindingsThe paper demonstrates a converse U-curve relation between inventory productivity and venture survival. Additionally, financial constraints as the moderator weaken the marginal effect of inventory productivity on venture survival.Practical implicationsManagers should pay more attention to the important inventory performance indicator: inventory productivity. In the context of prominent financing difficulties, managers should be rapid to adjust the competitive strategy and optimize the internal production process according to the inherent nature of risks in a friction environment, and thus generate resources that enterprises cannot raise in the financial market.Originality/valueThis study may be the first to practically investigate the role of inventory productivity on venture survival and the moderating effect of financing constraints on this relationship. It adds to abundant articles as regards the interface between operation management and venture survival by exploring how financial constraints moderate the inventory productivity–survival linkage.

The impact of nostalgic emotion on brand trust and brand attachment

2019 ◽  
Vol 31 (4) ◽  
pp. 1118-1137 ◽  
Author(s):  
Tao Wen ◽  
Tong Qin ◽  
Raymond R. Liu
Keyword(s):  
Theoretical Model ◽  
Positive Impact ◽  
Service Industries ◽  
Theoretical Research ◽  
Brand Trust ◽  
Brand Attachment ◽  
Content Type ◽  
Four Dimensions ◽  
Potential Applicability ◽  
The Impact

Purpose The purpose of this paper is to make up the deficiency of theoretical research in nostalgic marketing and is helpful for the original theories of brand marketing and experiential marketing to deepen further. Design/methodology/approach The paper uses the approach of the empirical study. Based on the literature review, a theoretical model of the impact of nostalgic emotion (NE) on brand trust and brand attachment is constructed and corresponding research hypotheses are proposed. Then nostalgia-themed restaurants are selected to complete a questionnaire survey, and SPSS22.0 and LISREL8.70 are used for data analysis and hypothesis testing. Findings The results of the paper show that NE consists of four dimensions in the context of China: atmosphere nostalgia, interpersonal nostalgia, family nostalgia and personal nostalgia. Among these, NE has a significant positive impact on brand trust and brand attachment; further, brand trust has a significant positive impact on brand attachment and plays a partial mediating role in the impact of NE on the latter. Research limitations/implications As the nostalgic restaurant industry is the research object, the theoretical model described here may be limited to this specific industry. The potential applicability of the theoretical model to other service industries requires further study. Practical implications The results of the paper are helpful in building a good nostalgic experience, increasing consumer trust in restaurant brands, and strengthening the connection between NE and restaurant brand reconstruction. Social implications The results of the paper on the impact of NE on brand trust and brand attachment provide a referential basis and guide for services’ companies (e.g. restaurants) to revitalize the services’ brands. Originality/value The first contribution is that NE scale is constructed for the nostalgia-themed restaurants. The second contribution is that the paper reveals the mechanism of the impact of NE on brand trust and brand attachment.

Care ethics and the responsible management of power and privacy in digitally enhanced disaster response

2020 ◽  
Vol 18 (1) ◽  
pp. 157-174 ◽  
Author(s):  
Paul Hayes ◽  
Damian Jackson
Keyword(s):  
Social Media ◽  
Disaster Management ◽  
Disaster Response ◽  
New Technologies ◽  
Care Ethics ◽  
Ethics Of Care ◽  
Theoretical Research ◽  
Content Type ◽  
Digitally Enhanced ◽  
The Impact

Purpose This paper aims to argue that traditional ethical theories used in disaster response may be inadequate and particularly strained by the emergence of new technologies and social media, particularly with regard to privacy. The paper suggests incorporation of care ethics into the disaster ethics nexus to better include the perspectives of disaster affected communities. Design/methodology/approach This paper presents a theoretical examination of privacy and care ethics in the context of social media/digitally enhanced disaster response. Findings The paper proposes an ethics of care can fruitfully by used by public and private agents in disaster management. Its relational ontology restores the priority of fostering good relationships between stakeholders, thus giving central importance to values such as transparency and trust and the situated knowledge of disaster-affected communities. Research limitations/implications This paper presents theoretical research and is limited by the availability of empirical data. There is opportunity for future research to evaluate the impact of a conscious adoption of an ethics of care by disaster management agents. Practical implications An ethos of care ethics needs to be mainstreamed into disaster management organisations and digital initiatives. Social implications This paper argues that power asymmetry in disaster response renders the public vulnerable to abuse, and that the adoption of care ethics can support disaster management agents in recognising this power imbalance and wielding power responsibly. Originality/value This paper examines the applicability of an alternative ethical framework to novel circumstances.

Farmer’s adoption tendency towards drought shock, risk-taking networks and modern irrigation technology: evidence from Zhangye, Gansu, PRC

2020 ◽  
Vol 12 (4) ◽  
pp. 431-448
Author(s):  
Yongfeng Tan ◽  
Lu Qian ◽  
Apurbo Sarkar ◽  
Zhanar Nurgazina ◽  
Uzair Ali
Keyword(s):  
Risk Taking ◽  
Arable Land ◽  
Probit Model ◽  
Gansu Province ◽  
Bank Loans ◽  
Marginal Effect ◽  
Content Type ◽  
Drought Impact ◽  
Irrigation Technology ◽  
The Impact

Purpose The purpose of this paper is to measure Farmer’s adoption tendency towards drought shock, risk-taking networks and modern irrigation technology. Design/methodology/approach Based on this assumption, this paper evaluated the data gathered from 498 household surveys of Zhangye, Gansu province, PRC, by using the binary probit model. First, the empirical data was analyzed for evaluating the impact of drought shock and risk-taking tendencies on the adoption of modern irrigation technology by farmers. Second, the authors introduced informal risk-bearing networks with formal risks. Final, based on the empirical results, the sustainability test, along with the marginal effect analysis and the degree of impact was carried out. Findings The results show that the drought shock has a significantly deferent effect on the modern irrigation technology of the farmers. The probability of using technology for each level of drought loss is reduced by 15.02%. The risk-taking network has a significant role in promoting the modern irrigation technology of farmers. The probability of adoption for each additional unit of rural household labor security supply, the likelihood of adoption by farmers increased 23.11%, the probability of approval for each level of relative support, and neighborhood assistance by farmers increased by 13.11% and 17.88% respectively. This study further revealed that insurance purchases enabled farmers to adopt new irrigation technology with the probability increased by 24.99%; easily available bank loans increased the probability of farmers using irrigation technology by 31.89%. From the perspective of interactions between farmers, the risk-taking network can alleviate the inhibitory effect of drought impact towards the adoption of irrigation technology. Among the control variables, the number of years of education, the age of farming, the degree of arable land, the distance from home to the market, and the price of water all has significant effects on the adoption of modern irrigation technology by farmers. Originality/value The novelty of the study is that it illustrated the interactive influence of drought shock and risk-taking networks on the farmer’s adoption tendencies of modern irrigation technologies, the inner relationship among drought impact, the risk-taking network and the farmer’s adoption behavior and provide an interactive relationship between the formal risk-taking network and the non-risk-taking network in farmer’s technology adoption.

Associated probabilities aggregations in multistage investment decision-making

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gia Sirbiladze ◽  
Harish Garg ◽  
Irina Khutsishvili ◽  
Bezhan Ghvaberidze ◽  
Bidzina Midodashvili
Keyword(s):  
Decision Making ◽  
Choquet Integral ◽  
Fuzzy Measure ◽  
Investment Model ◽  
Content Type ◽  
Owa Operators ◽  
Second Stage ◽  
Intuitionistic Fuzzy ◽  
Classical Criterion ◽  
New Criterion

PurposeThe attributes that influence the selection of applicants and the relevant crediting decisions are naturally distinguished by interactions and interdependencies. A new method of possibilistic discrimination analysis (MPDA) was developed for the second stage to address this phenomenon. The method generates positive and negative discrimination measures for each alternative applicant in relation to a particular attribute. The obtained discrimination pair reflects the interaction of attributes and represents intuitionistic fuzzy numbers (IFNs). For the aggregation of applicant's discrimination intuitionistic fuzzy assessments (with respect to attributes), new intuitionistic aggregation operators, such as AsP-IFOWA and AsP-IFOWG, are defined and studied. The new operators are certain extensions of the well-known Choquet integral and Yager OWA operators. The extensions, in contrast to the Choquet aggregation, take into account all possible interactions of the attributes by introducing associated probabilities of a fuzzy measure.Design/methodology/approachFor optimal planning of investments distribution and decreasing of credit risks, it is crucial to have selected projects ranked within deeply detailed investment model. To achieve this, a new approach developed in this article involves three stages. The first stage is to reduce a possibly large number of applicants for credit, and here, the method of expertons is used. At the second stage, a model of improved decisions is built, which reduces the risks of decision making. In this model, as it is in multi-attribute decision-making (MADM) + multi-objective decision-making (MODM), expert evaluations are presented in terms of utility, gain, and more. At the third stage, the authors construct the bi-criteria discrete intuitionistic fuzzy optimization problem for making the most profitable investment portfolio with new criterion: 1) Maximization of total ranking index of selected applicants' group and classical criterion and 2) Maximization of total profit of selected applicants' group.FindingsThe example gives the Pareto fronts obtained by both new operators, the Choquet integral and Yager OWA operators also well-known TOPSIS approach, for selecting applicants and awarding credits. For a fuzzy measure, the possibility measure defined on the expert evaluations of attributes is taken.Originality/valueThe comparative analysis identifies the applicants who will receive the funding sequentially based on crediting resources and their requirements. It has become apparent that the use of the new criterion has given more credibility to applicants in making optimal credit decisions in the environment of extended new operators, where the phenomenon of interaction of all attributes was also taken into account.

Dynamic inference of healthcare expenditure on economic growth in Sub-Saharan Africa: a dynamic heterogenous panel data analysis

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Idris Abdullahi Abdulqadir ◽  
Bello Malam Sa'idu ◽  
Ibrahim Muhammad Adam ◽  
Fatima Binta Haruna ◽  
Mustapha Adamu Zubairu ◽  
...  
Keyword(s):  
Economic Growth ◽  
Healthcare Expenditure ◽  
Health Sector ◽  
Sub Saharan Africa ◽  
Marginal Effect ◽  
Health Crisis ◽  
Content Type ◽  
Interaction Terms ◽  
Sub Saharan ◽  
The Impact

PurposeThis article investigates the dynamic implication of healthcare expenditure on economic growth in the selected ten Sub-Saharan African countries over the period 2000–2018.Design/methodology/approachThe study methodology included dynamic heterogenous panel, using mean group and pooled mean group estimators. The investigation of the healthcare expenditure and economic growth nexus was achieved while controlling the effects of investment, savings, labor force and life expectancy via interaction terms.FindingsThe results from linear healthcare expenditure have a significant positive impact on economic growth, while the nonlinear estimates through the interaction terms between healthcare expenditure and investment have a negative statistically significant impact on growth. The marginal effect of healthcare expenditure evaluated at the minimum and maximum level of investment is positive, suggesting the impact of health expenditure on growth does not vary with the level of investments. This result responds to the primary objective of the article.Research limitations/implicationsIn policy terms, the impact of investment on healthcare is essential to addressing future health crises. The impact of coronavirus disease 2019 (COVID-19) can never be separated from the shortages or low prioritization of health against other sectors of the economy. The article also provides an insight to policymakers on the demand for policy reform that will boost and make the health sector attractive to both domestic and foreign direct investment.Originality/valueGiven the vulnerability of SSA to the health crisis, there are limited studies to examine this phenomenon and first to address the needed investment priorities to the health sector infrastructure in SSA.

Cooperative advertising and quantity discount in manufacturer-retailer supply chains

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amin Zaheri ◽  
Majid Rafiee ◽  
Vahid Kayvanfar
Keyword(s):  
Cooperative Game ◽  
Stackelberg Games ◽  
Cooperative Advertising ◽  
Lot Size ◽  
Inventory Cost ◽  
Content Type ◽  
Price Function ◽  
The Impact ◽  
Non Cooperative Games ◽  
Practical Implications

Purpose This paper aims to study the impact of existence and lack of discount on the relationships between one manufacturer and one retailer under the cooperative and the non-cooperative games and the members’ profits are compared. Design/methodology/approach In the first approach, the manufacturer’s price function is constant, and in the second approach, this price function is a decreasing function with respect to lot size. These approaches are modeled through three games structure, including two Stackelberg games and one cooperative game. Findings Some numerical instances comprising sensitivity analysis are provided, and then the members’ profits in different scenarios are compared. This paper reveals that in the presented models, whether the members are inclined to change their profits. Practical implications This paper presents a tool of decision-making for the type of relationships of members in two different circumstances, and an approach is also presented to maximize the members’ profit. Originality/value In this paper, the relationships between one manufacturer and one retailer are studied under six different circumstances, where pricing, cooperative advertising and inventory cost are considered simultaneously. Also, a different model is presented to make a balance in individual profits and gain more profit for each member compared to the cooperative and non-cooperative game.

Effectiveness of industry-university-research cooperation in China: impact of innovation input and open innovation environment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Huosong Xia ◽  
Juan Weng
Keyword(s):  
Value Chain ◽  
Open Innovation ◽  
Design Methodology ◽  
University Research ◽  
Marginal Effect ◽  
Research Cooperation ◽  
Content Type ◽  
Research Activities ◽  
Practical Guidelines ◽  
The Impact

Purpose Industry–university–research cooperation (IURC) is a crucial way to build an innovative country. How to improve the effectiveness of IURC has become an important issue to be solved urgently. Design/methodology/approach This paper studies the data of industry, university and research activities in various regions of China from 2016 to 2018 and analyzes the impact mechanism of innovation input and open innovation environment on the effectiveness of IURC based on innovation value chain theory. Findings This research finds that innovative talent input has an inverted U-shaped impact on the effectiveness of IURC. When there are more innovative funds invested, the marginal effect of IURC will decrease. When innovative talent input exceeds a certain value, the open innovation environment can alleviate the positive marginal effect of its decline. Originality/value This paper contributes to the literature and provides practical guidelines for improving the efficacy of IURC.

Public resources allocation using an uncertain cooperative game among vulnerable groups

Kybernetes ◽  
2019 ◽  
Vol 48 (8) ◽  
pp. 1606-1625 ◽  
Author(s):  
Pei Liang ◽  
Junhua Hu ◽  
Yongmei Liu ◽  
Xiaohong Chen
Keyword(s):  
Resource Allocation ◽  
Cooperative Game ◽  
Shapley Value ◽  
Choquet Integral ◽  
Convex Combination ◽  
Integral Form ◽  
Vulnerable Groups ◽  
Content Type ◽  
Public Resource ◽  
Public Resources

Purpose This paper aims to solve the problem of public resource allocation among vulnerable groups by proposing a new method called uncertain α-coordination value based on uncertain cooperative game. Design/methodology/approach First, explicit forms of uncertain Shapley value with Chouqet integral form and uncertain centre-of-gravity of imputation-set (CIS) value are defined separately on the basis of uncertainty theory and cooperative game. Then, a convex combination of the two values above called the uncertain α-coordination value is used as the best solution. This study proves that the proposed methods meet the basic properties of cooperative game. Findings The uncertain α-coordination value is used to solve a public medical resource allocation problem in fuzzy coalitions and uncertain payoffs. Compared with other methods, the α-coordination value can solve such problem effectively because it balances the worries of vulnerable group’s further development and group fairness. Originality/value In this paper, an extension of classical cooperative game called uncertain cooperative game is proposed, in which players choose any level of participation in a game and relate uncertainty with the value of the game. A new function called uncertain α-Coordination value is proposed to allocate public resources amongst vulnerable groups in an uncertain environment, a topic that has not been explored yet. The definitions of uncertain Shapley value with Choquet integral form and uncertain CIS value are proposed separately to establish uncertain α-Coordination value.

Online repatronage intention: an empirical study among Malaysian experienced online shoppers

2014 ◽  
Vol 42 (5) ◽  
pp. 390-421 ◽  
Author(s):  
Sajad Rezaei ◽  
Muslim Amin ◽  
Wan Khairuzzaman Wan Ismail
Keyword(s):  
Online Shopping ◽  
Developed Countries ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Theoretical Research ◽  
Future Research ◽  
Content Type ◽  
Online Shoppers ◽  
The Right ◽  
The Impact

Purpose – Prior studies mostly investigate initial shopping intention in developed countries. The purpose of this paper is to sketch and determine the impact of perceived usefulness (PU), perceived ease of use (PEOU), perceived value (PV), trust (TRT), perceived risk (PR), privacy concern (PC), internet literacy (IL), satisfaction (SAT) on online repatronage intention (ORI) among Malaysian experienced online shoppers. Design/methodology/approach – A total of 219 valid questionnaires were collected via an online survey among experienced online shoppers across young and old students aged 18-31. Subsequently, the two-step structural equation modelling (SEM) technique was employed to empirically examine the proposed integrative theoretical research framework and model fit with maximum likelihood estimation. Findings – The statistical analyses support the relationships between PU, PV, TRT and SAT with ORI while the relationships between PEOU, PR, PC and IL with ORI were rejected in which all the factors affecting ORI occur similarly across the study sample. The behaviour of experienced online shoppers was found to be different from findings of previous literature that examined initial adoption and intention. Due to the lack of distinction in the literature concerning experienced and inexperienced shoppers, our results show inconsistencies with prior research in examining ORI. Research limitations/implications – The paper suggests that future research consider multicultural analysis, atmosphere design, developing internet methodology and the role of flow experience in determining ORI. The research limitations and implications are also discussed. Practical implications – By realizing the differences between inexperienced shoppers and experienced shoppers, online retailers should segment these groups more effectively and should implement a different marketing strategy to target the right segment, right shoppers along with the right marketing tactic. The antecedents of future intention of online shopping are influenced by various variables because the human behaviour is sophisticated in nature. Thus, academicians and practitioners should realize the implications of examining their target population/market based on an assessment of different antecedents. Originality/value – This study is among the few attempts to examine attitudes and behaviour of Malaysian experienced online shoppers who have formed relevant experiences and skills in online shopping. Additionally, the paper empirically examine and distinct user perception of online retail attributes (including PU, PEOU, PV and PR), pre-purchase user attitudes (including TRT, PC, IL) and post-purchase users attitudes (including SAT) in forming ORI simultaneously.

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