The Impact of the Digital Economy on Financial Regulatory Costs: An Empirical Analysis Based on the Solow Growth Model

As a novel economic form,the digital economy is reshaping the financial regulatory landscape and significantly impacting regulatory costs.This paper incorporates the digital economy and financial regulatory costs into the classic Solow growth model,uncovering an inverted U-shaped relationship between them.A subsequent mechanism analysis explains the rationale behind this relationship.To empirically examine this relationship in China,the paper utilizes inter-provincial panel data from 2013 to 2021 and employs methodologies such as the two-way fixed effects and moderating effects models.These analyses have important implications for the sound and sustainable development of China’s financial industry.The findings indicate:(a)As China’s digital economy develops,its impact on financial regulatory costs follows an inverted U-shaped pattern,initially increasing and then declining.This conclusion remains valid after robustness tests.(b)The influence of the digital economy on regulatory costs depends on favorable external conditions.Specifically,the impact is more pronounced in regions and periods with better digital infrastructure and more abundant human capital.(c)Additionally,redundant resources moderate this impact,which can weaken the inverted U-shaped relationship.Our findings not only provide a theoretical foundation for understanding the impact of the digital economy on financial regulatory costs but also offer valuable policy insights for optimizing financial regulation in China.

A Building Information Modeling-Life Cycle Cost Analysis Integrated Model to Enhance Decisions Related to the Selection of Construction Methods at the Conceptual Design Stage of Buildings

Life Cycle Cost Analysis (LCCA) provides a systematic approach to assess the total cost associated with owning, operating, and maintaining assets throughout their entire life. BIM empowers architects and designers to perform real-time evaluations to explore various design options. However, when integrated with LCCA, BIM provides a comprehensive economic perspective that helps stakeholders understand the long-term financial implications of design decisions. This study presents a methodology for developing a model that seamlessly integrates BIM and LCCA during the conceptual design stage of buildings. This integration allows for a comprehensive evaluation and analysis of the design process, ensuring that the development aligns with the principles of low carbon emissions by employing modular construction, 3D concrete printing methods, and different building design alternatives. The model considers the initial construction costs in addition to all the long-term operational, maintenance, and salvage values. It combines various tools and data through different modules, including energy analysis, Life Cycle Assessment (LCA), and Life Cycle Cost Analysis (LCCA) to execute a comprehensive assessment of the financial implications of a specific design option throughout the lifecycle of building projects. The development of the said model and its implementation involves the creation of a new plug-in for the BIM tool (i.e., Autodesk Revit) to enhance its functionalities and capabilities in forecasting the life-cycle costs of buildings in addition to generating associated cash flows, creating scenarios, and sensitivity analyses in an automatic manner. This model empowers designers to evaluate and justify their initial investments while designing and selecting potential construction methods for buildings, and enabling stakeholders to make informed decisions by assessing different design alternatives based on long-term financial considerations during the early stages of design.

Whole-Process Project Cost Management Based on Building Information Modeling (BIM)

The whole-process project cost management based on building information modeling(BIM)is a new management method,aiming to realize the comprehensive optimization and improvement of project cost management through the application of BIM technology.This paper summarizes and analyzes the whole-process project cost management based on BIM,aiming to explore its application and development prospects in the construction industry.Firstly,this paper introduces the role and advantages of BIM technology in engineering cost management,including information integration,data sharing,and collaborative work.Secondly,the paper analyzes the key technologies and methods of the whole-process project cost management based on BIM,including model construction,data management,and cost control.In addition,the paper also discusses the challenges and limitations of the whole-process BIM project cost management,such as the inconsistency of technical standards,personnel training,and consciousness change.Finally,the paper summarizes the advantages and development prospects of the whole-process project cost management based on BIM and puts forward the direction and suggestions for future research.Through the research of this paper,it can provide a reference for construction cost management and promote innovation and development in the construction industry.

Research on workflow meta model supporting activity based costing

Activity based costing (ABC) is a method which can solve many limitations of the traditional cost systems in manufacturing management. In this paper, we investigate how to integrate ABC with workflow technology, and build a workflow meta model supporting ABC. Firstly, the concept and concept model of activity based costing (ABC) are introduced. Next, the meta model of P -PROCE (Process, Product, Resource, Organization, and Cost & Evaluation) is presented. Then the cost meta model is defined by adding ABC to P -PROCE model. Object constraint language (OCL) is used to express meta model and constraints. Finally, we show an enterprise modeling and simulation tool based on the workflow meta model. We can systematically construct an enterprise model and easily and efficiently conduct simulation. Moreover it enables us to analyze and evaluate business processes and its costs.

CGE model-based analysis of the neutralized hybrid carbon policy and its decomposed effects on economic growth,carbon reduction,and energy utilization costs

The hybrid policy is a flexible policy tool that combines features of carbon trading and carbon taxation.Its economic and environmental effects under China's background are still not studied in detail.Given the exogenous carbon reduction targets,carbon prices,and carbon tax-rates,by computable general equilibrium modeling methods and factor decomposition methods,this article investigates direct and cascaded effects of the hybrid policy on economic growth,energy utilization,and carbon emission on the national level and the sector level,with China's national input-output data-set.Stepwisely,policy scenarios with irrational estimated results are selectively excluded based on comprehensive evaluation among economic,carbon reduction and other policy targets.As a result,against national economic conditions in 2007,the hybrid policy,with a carbon reduction target of -10%,a carbon tax-rate of around $10,and a ceiling carbon price of $40,is highly recommended,because of its significant lower economic loss,lower energy utilization cost,and practical robustness against fluctuation of energy market and carbon market.Furthermore,by decomposition analysis,carbon reduction-related costs are decomposed into a direct part that includes carbon allowance price and carbon tax,and an indirect part as the energy price incremental induced by direct carbon costs.Gross carbon reduction may be decomposed into three parts such as energy intensity,economic scale,and technical progress.And,carbon taxation is the main policy tool that stimulates to improve the energy efficiency.

A novel model for cost performance evaluation of pulverized coal injected into blast furnace based on effective calorific value

The combustion process of pulverized coal injected into blast furnace involves a lot of physical and chemical reactions. Based on the combustion behaviors of pulverized coal, the conception of coal effective calorific value representing the actual thermal energy provided for blast furnace was proposed. A cost performance evaluation model of coal injection was built up for the optimal selection of various kinds of coal based on effective calorific value. The model contains two indicators: coal effective calorific value which has eight sub-indicators and coal injection cost which includes four sub-indicators. In addition, the calculation principle and application of cost performance evaluation model in a Chinese large-scale iron and steel company were comprehensively introduced. The evaluation results finally confirm that this novel model is of great significance to the optimal selection of blast furnace pulverized coal.

Modelling spatial variation in the treatment costs of nonpoint source pollution in mountainous regions of southwest China

Non-point source(NPS) pollution is considered to be one of the main threats of the aquatic environment. Mountainous regions are particularly important water sources for urban areas. The various driving factors of NPS pollution such as terrain, precipitation, and vegetation type in mountainous regions show clear spatial heterogeneity. Consequently, the management systems required for NPS pollution in mountainous regions are complex. In this study, we developed a framework to estimate and map the treatment costs for NPS pollution in mountainous regions and applied this method in Baoxing County, a typical mountainous county in Sichuan Province of southwest China. The export levels of total nitrogen(TN) and total phosphorus(TP) in Baoxing County were estimated using the water purification model in InVEST(Itegrated Valuation of Ecosystem Services and Tradeoffs) tool. NPS pollutant treatment costs were calculated based on the level of pollutants exports, water yield, water quality targets, and treatment costs of NPS pollutants per unit mass. The results show that at the watershed level the amounts of TN and TP exported in Baoxing County were below threshold limits. However, at the sub-watershed level, TN and TP excesses of 291.64 and 2.96 tons per year were found, respectively, with mean TN and TP treatment costs of 6.58 US$/hm^2 and 0.35 US$/hm^2. Appraising pollution treatment cost intuitively reflects the overall expenditure in NPS pollution reduction from an economic perspective. This study provides a foundation for the implementation of Payment for Ecosystem Service(PES) and the prevention and control of NPS pollution.

Collaborative optimization model of renewable energy development considering peak shaving costs of various flexibility resources

China has set carbon emission goals for 2030 and 2060.Renewable energy sources,primarily wind and photovoltaic power,are being considered as the future of power generation.The major limitation to the development of new energies is the limited flexibility of regulations on power system resources,resulting in insufficient consumption capacity.Thus,the flexible resource costs for peak shaving as well as the reasonable coordinated development and operation optimization of regional renewable energy need to be considered.In this study,a renewable energy development layout configuration analysis method was established by considering the composite cost of a power system,comprehensively analyzing the potential of various flexibility regulation resources for the power system and its composite peak shaving cost,and combining renewable energy output characteristics,load forecasting,grid development,and other factors.For the optimization of various flexible resource utilization methods,a peak shaving cost estimation method from the perspective of the entire power system was established by combining the on-grid electricity prices and operating costs of different power sources.A collaborative optimization model of power system operation that aims at the lowest peak shaving cost and satisfies the constraints of operation,safety,and environmental protection was proposed.Finally,a certain area of Gansu Province was used as an example to perform detailed analysis and calculation,which demonstrated that the model has an optimal effect.This model can provide an analysis method for regional renewable energy development layout configurations and system optimization operations.

NPV risk simulation of an open pit gold mine project under the O'Hara cost model by using Gas

This paper analyzes an open pit gold mine project based on the O'Hara cost model. Hypothetical data is proposed based on different authors that have studied open pit gold projects, and variations are proposed according to the probability distributions associated to key variables affecting the NPV, like production level, ore grade, price of ore, and others, so as to see what if, in a gold open pit mine project of 3000 metric tons per day of ore. Two case scenarios were analyzed to simulate the NPV, one where there is low certainty data available, and the other where the information available is of high certainty. Results based on genetic algorithm metaheuristic simulations, which combine basically Montecarlo simulations provided by the Palisade Risk software, the O'Hara cost model, net smelter return and financial analysis tools offered by Excel are reported, in order to determine to which variables of the project is more sensitive the NPV.

Modeling Anthrax with Optimal Control and Cost Effectiveness Analysis

Anthrax is an infection caused by bacteria and it affects both human and animal populations. The disease can be categorized under zoonotic diseases and humans can contract infections through contact with infected animals, ingest contaminated dairy and animal products. In this paper, we developed a mathematical model for anthrax transmission dynamics in both human and animal populations with optimal control. The qualitative solution of the model behaviour was analyzed by determining Rhv, equilibrium points and sensitivity analysis. A vaccination class was incorporated into the model with waning immunity. Local and global stability of the model’s equilibria was found to be locally asymptotically stable whenever Rhv Rhv. It was revealed that reducing animal and human interaction rate, would decrease Rhv. We extended the model to optimal control in order to find the best control strategy in reducing anthrax infections. It showed that the effective strategy in combating the anthrax epidemics is vaccination of animals and prevention of humans.

Green Investment Cost Optimization Model in the Supply Chain

The objective of this study is to develop a model that determines the optimal points for investment in green management by defining a mathematical relationship between carbon trading profits and investments in green management using a company’s supply chain information. To formulate this model, we first define and analyze a green supply chain in a multi-dimensional and quantitative manner. The green investment alternatives considering in our model are as follows: 1) purchasing eco-friendly raw materials that cost more than conventional raw materials but whose use in production results in lower CO2 emissions;2) replacing current facilities with new eco-friendly facilities that have the capability to reduce CO2 emissions;and 3) changing modes of transport from less eco-friendly to more eco-friendly modes. We propose a green investment cost optimization (GICO) model that enables us to determine the optimal investment points. The proposed GICO model can support decision-making processes in green supply chain management environments.

A Review of Energy-Related Cost Issues and Prediction Models in Cloud Computing Environments

With the expansion of cloud computing,optimizing the energy efficiency and cost of the cloud paradigm is considered significantly important,since it directly affects providers’revenue and customers’payment.Thus,providing prediction information of the cloud services can be very beneficial for the service providers,as they need to carefully predict their business growths and efficiently manage their resources.To optimize the use of cloud services,predictive mechanisms can be applied to improve resource utilization and reduce energy-related costs.However,such mechanisms need to be provided with energy awareness not only at the level of the Physical Machine(PM)but also at the level of the Virtual Machine(VM)in order to make improved cost decisions.Therefore,this paper presents a comprehensive literature review on the subject of energy-related cost issues and prediction models in cloud computing environments,along with an overall discussion of the closely related works.The outcomes of this research can be used and incorporated by predictive resource management techniques to make improved cost decisions assisted with energy awareness and leverage cloud resources efficiently.

A Heuristics-Based Cost Model for Scientic Workow Scheduling in Clou

Scientic Workow Applications(SWFAs)can deliver collaborative tools useful to researchers in executing large and complex scientic processes.Particularly,Scientic Workow Scheduling(SWFS)accelerates the computational procedures between the available computational resources and the dependent workow jobs based on the researchers’requirements.However,cost optimization is one of the SWFS challenges in handling massive and complicated tasks and requires determining an approximate(near-optimal)solution within polynomial computational time.Motivated by this,current work proposes a novel SWFS cost optimization model effective in solving this challenge.The proposed model contains three main stages:(i)scientic workow application,(ii)targeted computational environment,and(iii)cost optimization criteria.The model has been used to optimize completion time(makespan)and overall computational cost of SWFS in cloud computing for all considered scenarios in this research context.This will ultimately reduce the cost for service consumers.At the same time,reducing the cost has a positive impact on the protability of service providers towards utilizing all computational resources to achieve a competitive advantage over other cloud service providers.To evaluate the effectiveness of this proposed model,an empirical comparison was conducted by employing three core types of heuristic approaches,including Single-based(i.e.,Genetic Algorithm(GA),Particle Swarm Optimization(PSO),and Invasive Weed Optimization(IWO)),Hybrid-based(i.e.,Hybrid-based Heuristics Algorithms(HIWO)),and Hyper-based(i.e.,Dynamic Hyper-Heuristic Algorithm(DHHA)).Additionally,a simulation-based implementation was used for SIPHT SWFA by considering three different sizes of datasets.The proposed model provides an efcient platform to optimally schedule workow tasks by handing data-intensiveness and computational-intensiveness of SWFAs.The results reveal that the proposed cost optimization model attained an optimal Job completion time(makespan)and total computational cost for small and large sizes of the considered dataset.In contrast,hybrid and hyper-based approaches consistently achieved better results for the medium-sized dataset.

Guaranteed Cost Control for Uncertain Nonlinear Time-Delay Neutral Systems Based on T-S Fuzzy Model

The problem of guaranteed cost fuzzy controller is studied for a class of nonlinear time-delay neutral sys-tems with norm-bounded uncertainty based on T-S model. The sufficient conditions are first derived for the existenceof guaranteed cost fuzzy controllers. These sufficient conditions are equivalent to a kind of linear matrix inequalities.Furthermore, a convex optimization problem with LMI constraints is formulated to design the optimal guaranteedcost controller.

The Calculation Model for Operation Cost of Coal Resources Development Based on ANN

On the basis of analysis and selection of factors influencing operation cost of coal resources development, fuzzy set method and artificial neural network (ANN) were adopted to set up the classification analysis model of coal resources. The collected samples were classified by using this model. Meanwhile, the pattern recognition model for classifying of the coal resources was built according to the factors influencing operation cost. Based on the results achieved above, in the light of the theory of information diffusion, the calculation model for operation cost of coal resources development has been presented and applied in practice, showing that these models are reasonable.

Minimizing Energy Cost of Air Conditioner in a Residential House under Demand Side Response Model

This research is aimed to develop a consumer demanding side response model to assist electricity consumers to mitigate peak demands during the peak season. The main contribution of this research is showing that consumers can mitigate peak demands by optimizing energy costs of an air conditioner(AC) when a spike happens. It may only occur in a one and a half hours spike during the peak season. This model also investigates how AC applies the pre-cooling method when there is a substantial risk of a price spike. The results indicate that the potential benefit of the model is achieving energy savings for consumers and aggregators,also reducing electricity bills for the consumers. The model is tested with selected characteristics of the room,and based on the standard room in a residential house in Makassar, a city of Indonesia.

Analysis of Satisfaction with Business Cost in Shanghai Using Structural Equation Modeling Approach

Tracing the origins of business cost, to define the satisfaction assessment factors on the business cost in Shanghai was investigated in this paper. Arguing that these effects: a single low cost is not only the criterion determining satisfaction. Other important factors, such as enterprise internal cognitive attitude,stability of the external environment,the quality of perceptions of government services can affect satisfaction. Within structural equation modeling( SEM) approach, six sets of hypotheses are drawn up and tested with a sample of 338 enterprises using questionnaires. Additionally,the analyses of findings introduce the crucial importance of these features in the assessment of satisfaction with business cost in Shanghai. Finally, the results show that internal cognitive has a positive impact on satisfaction. Stability of the external environment has a significant relationship with the effectiveness of government services. Stability of the external environmeat and the effectiveness of government servises have a positive effect on satisfaction.

An Integrated Rehabilitation Model: An Ideal Framework for Limiting Health Care Costs

The financial crisis has caused a severe limitation of resources for the public health service and rehabilitation. The proposal of integrated diagnosis and treatment in rehabilitation, involving the introduction of new therapeutic models alongside orthodox models, could lead to a reduction in health care costs through better patient compliance. In rehabilitative assistance in health care, the limiting of financial resources can be simplified, given its multifaceted nature and the need to integrate clinical experience with research. In addition, the phases of rehabilitative recovery do not focus on organ damage, but improved participation and the reduction of disability. For this reason, we have considered incorporating narrative based medicine (NBM) and Psycho-Neuro-Immuno-Endocrinology (PNEI) in the rehabilitation process through an empathetic approach, taking evidence based medicine (EBM) into account, thus creating a “framework” of reference. Managing patients through this “framework” would be a move towards an integrated model of care that could lead to a reduction in health care costs, given the aging population and the rise in patients with chronic pain. The decision to modify health care in rehabilitative assistance through a new “framework” will require time, organizational capacity and experimentation, but may represent the appropriate response for an improved quality of life for patients and a better allocation of resources.

A software cost model with maintenance and risk costs for safety-critical systems

According to the consequences of software failures, software faults remaining in safety-critical systems can be classified into two sets： common faults and fatal faults. Common faults cause slight loss when they are activated. A fatal fault can lead to significant loss, and even damage the safety-crltical system entirely when it is activated. A software reliability growth model for safety-critical systems is developed based on G - 0 model. And a software cost model is proposed too. The cost model considers maintenance and risk costs due to software failures. The optimal release policies are discussed to minimize the total software cost. A numerical exampie is provided to illustrate how to use the results we obtained.

Optimal pricing decision model based on activity-based costing

In order to find out the applicability of the optimal pricing decision model based on conventional cost behavior model after activity based costing has given strong shock to the conventional cost behavior model and its assumptions, detailed analyses have been made using the activity based cost behavior and cost volume profit analysis model, and it is concluded from these analyses that the theory behind the construction of optimal pricing decision model is still tenable under activity based costing, but the conventional optimal pricing decision model must be modified as appropriate to the activity based costing based cost behavior model and cost volume profit analysis model, and an optimal pricing decision model is really a product pricing decision model constructed by following the economic principle of maximizing profit.