Impact of the carbon market on investment benefits of power-grid enterprises in China: a system dynamics analysis

The power grid,as the hub connecting the power supply and consumption sides,plays an important role in achieving carbon neutrality in China.In emerging carbon markets,assessing the investment benefits of power-grid enterprises is essential.Thus,studying the impact of the carbon market on the investment and operation of powergrid enterprises is key to ensuring their efficient operation.Notably,few studies have examined the interaction between the carbon and electricity markets using system dynamics models,highlighting a research gap in this area.This study investigates the impact of the carbon market on the investment of power-grid enterprises using a novel evaluation system based on a system dynamics model that considers carbon-emissions from an established carbon-emission accounting model.First,an index system for benefit evaluation was constructed from six aspects:financing ability,economic benefit,reliability,social responsibility,user satisfaction,and carbon-emissions.A system dynamics model was then developed to reflect the causal feedback relationship between the impact of the carbon market on the investment and operation of power-grid enterprises.The simulation results of a provincial power-grid enterprise analyze comprehensive investment evaluation benefits over a 10-year period and the impact of carbon emissions on the investment and operation of power-grid enterprises.This study provides guidelines for the benign development of power-grid enterprises within the context of the carbon market.

Aspect based sentiment analysis using multi-criteria decision-making and deep learning under COVID-19 pandemic in India

The COVID-19 pandemic has a significant impact on the global economy and health.While the pandemic continues to cause casualties in millions,many countries have gone under lockdown.During this period,people have to stay within walls and become more addicted towards social networks.They express their emotions and sympathy via these online platforms.Thus,popular social media(Twitter and Facebook)have become rich sources of information for Opinion Mining and Sentiment Analysis on COVID-19-related issues.We have used Aspect Based Sentiment Analysis to anticipate the polarity of public opinion underlying different aspects from Twitter during lockdown and stepwise unlock phases.The goal of this study is to find the feelings of Indians about the lockdown initiative taken by the Government of India to stop the spread of Coronavirus.India-specific COVID-19 tweets have been annotated,for analysing the sentiment of common public.To classify the Twitter data set a deep learning model has been proposed which has achieved accuracies of 82.35%for Lockdown and 83.33%for Unlock data set.The suggested method outperforms many of the contemporary approaches(long shortterm memory,Bi-directional long short-term memory,Gated Recurrent Unit etc.).This study highlights the public sentiment on lockdown and stepwise unlocks,imposed by the Indian Government on various aspects during the Corona outburst.

Multi-Criteria Group Decision-Making Method Based on an Improved Single-Valued Neutrosophic Hamacher Weighted Average Operator and Grey Relational Analysis

This paper proposes a multi-criteria decision-making (MCGDM) method based on the improved single-valued neutrosophic Hamacher weighted averaging (ISNHWA) operator and grey relational analysis (GRA) to overcome the limitations of present methods based on aggregation operators. First, the limitations of several existing single-valued neutrosophic weighted averaging aggregation operators (i.e. , the single-valued neutrosophic weighted averaging, single-valued neutrosophic weighted algebraic averaging, single-valued neutrosophic weighted Einstein averaging, single-valued neutrosophic Frank weighted averaging, and single-valued neutrosophic Hamacher weighted averaging operators), which can produce some indeterminate terms in the aggregation process, are discussed. Second, an ISNHWA operator was developed to overcome the limitations of existing operators. Third, the properties of the proposed operator, including idempotency, boundedness, monotonicity, and commutativity, were analyzed. Application examples confirmed that the ISNHWA operator and the proposed MCGDM method are rational and effective. The proposed improved ISNHWA operator and MCGDM method can overcome the indeterminate results in some special cases in existing single-valued neutrosophic weighted averaging aggregation operators and MCGDM methods.

Agricultural Investment Project Decisions Based on an Interactive Preference Disaggregation Model Considering Inconsistency

Agricultural investment project selection is a complex multi-criteria decision-making problem,as agricultural projects are easily influenced by various risk factors,and the evaluation information provided by decisionmakers usually involves uncertainty and inconsistency.Existing literature primarily employed direct preference elicitation methods to address such issues,necessitating a great cognitive effort on the part of decision-makers during evaluation,specifically,determining the weights of criteria.In this study,we propose an indirect preference elicitation method,known as a preference disaggregation method,to learn decision-maker preference models fromdecision examples.To enhance evaluation ease,decision-makers merely need to compare pairs of alternatives with which they are familiar,also known as reference alternatives.Probabilistic linguistic preference relations are employed to account for the presence of incomplete and uncertain information in such pairwise comparisons.To address the inconsistency among a group of decision-makers,we develop a pair of 0-1mixed integer programming models that consider both the semantics of linguistic terms and the belief degrees of decision-makers.Finally,we conduct a case study and comparative analysis.Results reveal the effectiveness of the proposed model in solving agricultural investment project selection problems with uncertain and inconsistent decision information.

Group decision-making method based on entropy and experts cluster analysis

According to the aggregation method of experts＇ evaluation information in group decision-making,the existing methods of determining experts＇ weights based on cluster analysis take into account the expert＇s preferences and the consistency of expert＇s collating vectors,but they lack of the measure of information similarity.So it may occur that although the collating vector is similar to the group consensus,information uncertainty is great of a certain expert.However,it is clustered to a larger group and given a high weight.For this,a new aggregation method based on entropy and cluster analysis in group decision-making process is provided,in which the collating vectors are classified with information similarity coefficient,and the experts＇ weights are determined according to the result of classification,the entropy of collating vectors and the judgment matrix consistency.Finally,a numerical example shows that the method is feasible and effective.

Ranking environmental projects model based on multicriteria decision-making and the weight sensitivity analysis

With the fast growth of Chinese economic, more and more capital will be invested in environmental projects. How to select the environmental investment projects （alternatives） for obtaining the best environmental quality and economic benefits is an important problem for the decision makers. The purpose of this paper is to develop a decision-making model to rank a finite number of alternatives with several and sometimes conflicting criteria. A model for ranking the projects of municipal sewage treatment plants is proposed by using exports＇ information and the data of the real projects. And, the ranking result is given based on the PROMETHEE method. Furthermore, by means of the concept of the weight stability intervals （WSI）, the sensitivity of the ranking results to the size of criteria values and the change of weights value of criteria are discussed. The result shows that some criteria, such as “proportion of benefit to project cost”, will influence the ranking result of alternatives very strong while others not. The influence are not only from the value of criterion but also from the changing the weight of criterion. So, some criteria such as “proportion of benefit to project cost” are key critera for ranking the projects. Decision makers must be cautious to them.

Analysis and forecasts of investment scale and structure in upstream sector for oil companies based on system dynamics

Oil and gas exploration and production is the most important and key segment in the whole business chain of the petroleum industry.Therefore,oil companies always put much emphasis on making scientific and reasonable decisions about investment scale and structure in the upstream sector,so that they can minimise business risks and obtain high returns.According to the system dynamics theories and methods and based on the actual results from an oil company＇s practice in China,a system dynamics model is built in this paper for analyzing and forecasting the upstream investment scale and structure for an oil company.This model was used to analyze the investment effect of a large oil company in China, and the results showed that the total upstream investment scale will decline slowly in a short period and the investment proportion of different parts should be adjusted if some influencing factors are taken into account.This application practice was compared with the actual data and indicated that the system dynamics（SD） model presented in this paper is a useful tool for analyzing and forecasting of upstream investment scale and structure of oil companies in their investment decisions.

Approach of technical decision-making by element flow analysis and Monte-Carlo simulation of municipal solid waste stream

This paper deals with the procedure and methodology which can be used to select the optimal treatment and disposal technology of municipal solid waste （MSW）, and to provide practical and effective technical support to policy-making, on the basis of study on solid waste management status and development trend in China and abroad. Focusing on various treatment and disposal technologies and processes of MSW, this study established a Monte-Carlo mathematical model of cost minimization for MSW handling subjected to environmental constraints. A new method of element stream （such as C, H, O, N, S） analysis in combination with economic stream analysis of MSW was developed. By following the streams of different treatment processes consisting of various techniques from generation, separation, transfer, transport, treatment, recycling and disposal of the wastes, the element constitution as well as its economic distribution in terms of possibility functions was identified. Every technique step was evaluated economically. The Mont-Carlo method was then conducted for model calibration. Sensitivity analysis was also carried out to identify the most sensitive factors. Model calibration indicated that landfill with power generation of landfill gas was economically the optimal technology at the present stage under the condition of more than 58% of C, H, O, N, S going to landfill. Whether or not to generate electricity was the most sensitive factor. If landfilling cost increases, MSW separation treatment was recommended by screening first followed with incinerating partially and composting partially with residue landfilling. The possibility of incineration model selection as the optimal technology was affected by the city scale. For big cities and metropolitans with large MSW generation, possibility for constructing large-scale incineration facilities increases, whereas, for middle and small cities, the effectiveness of incinerating waste decreases.

Systemic risk management and investment analysis with financial network analytics:research opportunities and challenges

Recent economic crises like the 2008 financial tsunami has demonstrated a critical need for better understanding of the topologies and various economic,social,and technical mechanisms of the increasingly interconnected global financial system.Such a system largely relies on the interconnectedness of various financial entities such as banks,firms,and investors through complex financial relationships such as interbank payment networks,investment relations,or supply chains.A network-based perspective or approach is needed to study various financial networks in order to improve or extend financial theories,as well as develop business applications.Moreover,with the advance of big data related technologies,and the availability of huge amounts of financial and economic network data,advanced computing technologies and data analytics that can comprehend such big data are also needed.We referred this approach as financial network analytics.We suggest that it will enable stakeholders better understand the network dynamics within the interconnected global financial system and help designing financial policies such as managing and monitoring banking systemic risk,as well as developing intelligent business applications like banking advisory systems.In this paper,we review the existing research about financial network analytics and then discuss its main research challenges from the economic,social,and technological perspectives.

ANALYSIS OF CAPITAL FLOW WITH GIS——Two Approaches for Regional Investment in China

GIS technology has been mostly concerned with handling physical data andmodeling physical environment. However, the retirements of GIS for handling socio-economicinformation in many cases are different from those concerning phenomena in the physical environment.Analysis of capital flow among regions requires the transitions both from economic values tophysical landscape and from physical surface to economic explanation. Rapid growth of Chineseeconomy comes mainly from investment. There are two main ways for obtaining high growth ofinvestment. One is government expenditure which usually invests in regional facility and amenityblock, which is regarded as stimulus for attracting investment. The other is the creation ofinvesting center and corresponding capital source areas, both of which need the central city withthe highest growth rate of investment among regions. This paper presents the cluster areas of bothgovernment revenue and total investment, the potential situation of capital flow between centralcity Shanghai and its neighbor provinces by using Classification' and Interpolation' functions ofArcView GIS.

Frequency Analysis on the Data of Field Fertilizer Efficiency Test and Fertilization Decision-making

To solve the problems of abnormal larger, abnormal lower or even negative of target yield and fertilizing amount recommended by part of non-typical fertilizer effect equations using agricultural experiments and statistical analysis software,Yangzhou analyzer（2.2）, regression analysis of Excel, which objected to local actual production, the study adopted the principle and method of basic knowledge and the frequency of using probability theory, and carried out statistical analysis on the rape field fertilizer experiment data by frequency analysis method, the rape yield after optimizing fertilizing amount was 1 732.4 kg/hm^2, the ranges of N, P and K optimal combinations were： N=210.36-149.64 kg/hm^2,P2O5=81.89-58.11 kg/hm^2, K2O=81.89-58.11 kg/hm^2,which was consistent with local actual production. This study was based on frequency analysis, using weighted average method to determine the production combinations of different yield objectives, hereinto, the combinations with high yield, high frequency of occurrence（dependable crop） and fertilizer-saving were viewed as the optimizing production measures, and they had the merits of increasing fertilization decision-making information, reducing or avoiding the risk of small probability event. The results of this study can solve the problem of abnormal values fertilizing amount and target yield recommended by non-typical fertilizer effect function, which did not accord with local actual production, caused by Yangzhou analyzer（2.2）, regression analysis of Excel, and DPS statistical analysis software. For the fertilizer effect function equation established by regression analysis which did not reach significance level using variance analysis, whether the method can be adapted to for carrying out fertilization decision-making, recommending optimization combinations of N, P and K fertilizers and yield under optimized fertilizing amount should be further researched in future working practice.

Decision-making approach by employing grey incidence analysis and group negotiation

For the problems of the consistency ranking of the group decision-making scheme,from the view of group negotiation and system coordination,the grey incidence analysis and Nash bargaining model are used to establish a consistency group decision-making method.First,the concepts of the consensus partial decision-making program and the consensus overall ideal decision-making program are defined,and then a multi-object optimization model is constructed based on the satisfaction maximization of group negotiation and deviation minimization of system coordination to determine the consensus partial decision-making program and the consensus overall ideal decision-making program.Moreover,the grey incidence analysis is exploited to measure the close degrees between them.Finally,a real case of the online product evaluation verifies the validity and rationality of the proposed model.

Default rules in investment decision-making:trait anxiety and decision-making styles

This study investigates the role of default options in the relationship between trait anxiety,and decision-making styles and financial decisions.One hundred and ninety-four participants were divided into three groups and subjected to three different conditions.Under each experimental condition,they had to decide whether to accept or reject investment proposals.In the first group,they had been enrolled in investment plans by default(opt-out condition),in the second group,they had not been automatically enrolled in these plans(opt-in condition),and in the third group they had to choose whether to enroll or not(control condition).The results showed that the investment decisions of anxious,avoidant,rational and dependent individuals could be facilitated by default options.In conclusion,using default options as a“nudge”can support specific groups of people to improve their financial decisions.

Spatial Analysis to Identify Urban Areas with Higher Potential for Social Investment

There has been great interest on the part of public and private initiatives in knowing the location of urban areas with potential for investments in social resources. The aim of the present article is to propose a methodology to identify such areas, using the city of São Paulo (Brazil) as a case study. This approach, supported by The Geographic Information System (GIS), is based on multicriteria analysis and quantification of spatial data. The results, presented spatially in a synthesis map, made possible to identify promissory areas for social investment in São Paulo. The method allows us to analyze data at different spatial scales from the GIS base, enabling a systematization to find out areas with higher potential for investment in social equipment, services and facilities. Furthermore, it gives possibility of modeling several variables, thus being adaptable to different geographic areas.

Optimum Environmental Load Design Criterion for Marine Structures Based on Investment and Benefit Analysis

Marine structures operating in natural ocean environment are subjected to various stochastic loads. For design of the marine structures, the most important task is to determine environmental load design criterion. This paper presents a method to determine the optimum environmental load design criterion for marine structures. This method is based on the investment and benefit analysis and it can reach the design purpose of decreasing total costs during the service life of the structures and increasing economic benefits.

Application of Fuzzy Decision-Making Theory and Conflict-Resolution Method to Failure Mode and Effect Analysis of Industrial Valve

It is not objective to rate the decision-making factors in the traditional failure mode and effect analysis,so fuzzy semantic theory is used in this paper.Six fuzzy semantic scales and their corresponding semantics are summarized,and a defuzzification method is studied to obtain the fuzzy value table of the six fuzzy semantic scales.For the conflicts between experts in the traditional failure mode and effects analysis,a conflict-resolution algorithm is studied to obtain the failure risk order.Finally,a certain type of industrial valve is used as an example to prove the validity of the theory proposed in this paper.

Economic analysis of coal depleted cities and investment countermeasures

Based on a comprehensive material and research, various factors are analyzed that influence coal depleted cities economic development. From this analysis investment countermeasures are put forward for the coal depleted cities economy development.

THE INVESTMENT RELIABILITY ANALYSIS FOR A SURFACE MINE

It is stipulated in the China national document, named'The Economical Appraisal Methods for Construction Projects' that dynamic analysis should dominate the project economical appraisal methods. This paper has set up a dynamic investment forecast model for Yuanbaoshan Surface Coal Mine. Based on this model, the investment reliability using simulation and analytic methods has been analysed, and the probability that the designed internal rate of return can reach 8.4%, from economic points of view, have been also studied.

Evaluate the Investment Efficiency by Using Data Envelopment Analysis: The Case of China

Although investment is regarded as a key force of China’s economic growth, little study has been done to measure China’s investment efficiency. The present paper applies the data envelopment analysis (DEA) to Chinese provincial panel data from the year 2003 to 2008 for measuring the investment efficiencies and identifying their trends of Chinese 30 provinces and autonomous regions. A cross-efficient DEA model with considering benevolent formulation is used for providing accurate efficiency scores and completely ranking. The empirical results suggest that the differences of investment efficiency in different regions are distinct but tending to diminish year by year, and the investment efficiencies in some provinces are significantly correlated to their investment rates to the national total investment.

Static and Dynamic Indicators in the Analysis of Internal Sources of Companies＇ Investments Financing

The Republic of Serbia is characterized by an unsatisfactory macroeconomic environment. Under the conditions of an evident shortage of liquid assets, the financial capital has moved from real to the financial sector, which led companies to over-indebtedness and shutdown of their own capacities. Therefore, capital investments largely depend on internal financing sources and the ability of companies to internally generate funds for investments. In this regard, an emphasis is placed on the difference in the assessment of the company＇s investment capacity based on internal financing sources, which are measured using static and dynamic indicators in order to prove the necessity of applying dynamic coefficients, which are unfortunately not present in our domestic practice. The paper examines and proves the advantages of the use of the dynamic approach for such analyses using the example of energy sector, which is one of the most important branches in Serbian economy.