Supply and demand of public goods provide a brand-new theoretical framework for research on the creation of inclusive global value chains(GVCs)under the Belt and Road Initiative(BRI).The supply of international public...Supply and demand of public goods provide a brand-new theoretical framework for research on the creation of inclusive global value chains(GVCs)under the Belt and Road Initiative(BRI).The supply of international public goods is an important positive variable for creating global value chains under the BRI,in which China and other developing countries involved,as well as their small and medium-sized enterprises(SMEs),are microscopic entities.When the BRI’s supply of instrumental,institutional,and conceptual international public goods is in equilibrium with the demand of GVC entities for public goods,the BRI creates necessary conditions for the extension of GVCs.GVCs created under the BRI are of great value in promoting inclusiveness,fair income distribution,balanced regional development,and the restructuring of international economic governance.Under the current GVC system,some developed countries have been wary about the BRI and even developed misgivings and biases.Nevertheless,developed countries may play an active role in bridging gaps in the BRI’s development and complement their respective strengths with developing countries for win-win cooperation.展开更多
Modelling of intraday increases in peak electricity demand using an autoregressive moving average-exponential generalized autoregressive conditional heteroskedastic-generalized single Pareto (ARMA-EGARCH-GSP) approach...Modelling of intraday increases in peak electricity demand using an autoregressive moving average-exponential generalized autoregressive conditional heteroskedastic-generalized single Pareto (ARMA-EGARCH-GSP) approach is discussed in this paper. The developed model is then used for extreme tail quantile estimation using daily peak electricity demand data from South Africa for the period, years 2000 to 2011. The advantage of this modelling approach lies in its ability to capture conditional heteroskedasticity in the data through the EGARCH framework, while at the same time estimating the extreme tail quantiles through the GSP modelling framework. Empirical results show that the ARMA-EGARCH-GSP model produces more accurate estimates of extreme tails than a pure ARMA-EGARCH model.展开更多
A closed-loop supply chain network equilibrium problem is examined,which consists of mutual competitive manufacturers with production capacity constraints and retailers with fuzzy market demands,mutual competitive col...A closed-loop supply chain network equilibrium problem is examined,which consists of mutual competitive manufacturers with production capacity constraints and retailers with fuzzy market demands,mutual competitive collectors as well as a binding price ceiling of the commodities.By utilizing the credibility measure of fuzzy event,variational inequality and Lagrange dual theory,the optimum behaviors of manufactures,retailers,collectors and consumers are described.Therefore,the supply chain network equilibrium model is established.Numerical examples were given to illustrate the impact of production capacity constraints and price ceiling on the network equilibrium pattern.The results show that the shortage of commodities in consumer market will be more serious,the wholesale price of product and purchase price of waste products rise,the profits of retailers decrease,the profits of manufacturers and collectors increase as the government gradually reduce the binding price ceiling on competitive markets,and the trend will be more obvious in the existence of production capacity constraints at same time.展开更多
Based on the two-stage Stackelberg game method, value creation of supply chain cooperation between coal enterprise and power utilities is studied by formulating profit functions of coal and power enterprises and calcu...Based on the two-stage Stackelberg game method, value creation of supply chain cooperation between coal enterprise and power utilities is studied by formulating profit functions of coal and power enterprises and calculating the maximum profit. According to the analysis, it is found that the profit from supply chain cooperation between coal and power enterprises is more than that of non- cooperation. The cooperation is validated to be beneficial for both units; however, the profit is mainly taken by the power enterprise. Thus, it is necessary to set up the incentive mechanism to distribute cooperation value between coal and power enterprises to promote their continual cooperation.展开更多
Owing to the changing fashion trends and a volatile market situation, demand in fashion and textile (FT) industry is unpredictable and could vary and change completely in a short time, which makes it more difficult ...Owing to the changing fashion trends and a volatile market situation, demand in fashion and textile (FT) industry is unpredictable and could vary and change completely in a short time, which makes it more difficult to coordinate a FT supply chain. A change in product preference due to fashion trends is the main reason why the demand of FT industry shows more variations than other industries. In this paper, we use a well known contract, the all-unit quantity discount policy (AQDP), to coordinate a FT supply chain with certain demand, and we further consider it under the demand variations scenario to investigate whether it can still coordinate the supply chain. In detail, before the selling season, an AQDP is provided by the manufacturer to the retailer, and under which the FT supply chain coordination achieved with a certain demand. During the selling season, demand variation is realized after an abrupt changing of fashion trends, therefore, the manufacturer may need to revise the original AQDP to insure the supply chain is still coordinated. Utilizing the mechanism design theory, we prove that: (i) while the traditional AQDP can coordinate the supply chain when no demand variations, it cannot always coordinate the supply chain after the demand variations; (ii) when the AQDP fails, we can use the proposed capacitated linear pricing policy (CLPP) to achieve a new coordination; (iii) a more dominant decision maker, who can set a higher profit goal, is favorable to stabilization of the supply chain system under demand variations. Numerical examples are proposed also to show our results.展开更多
Our focus herein is on developing an effective taxonomy for the simultaneous and real-timemanagement of supply and demand chains.More specifically,the taxonomy is developed in terms ofits underpinning components and i...Our focus herein is on developing an effective taxonomy for the simultaneous and real-timemanagement of supply and demand chains.More specifically,the taxonomy is developed in terms ofits underpinning components and its research foci.From a components perspective,we first considerthe value chain of supplier,manufacturer,assembler,retailer,and customer,and then develop aconsistent set of definitions for supply and demand chains based on the location of the customer orderpenetration point.From a research perspective,we classify the methods that are employed in themanagement of these chains,based on whether supply and/or demand are flexible or fixed.Interestingly,our taxonomy highlights a very critical research area at which both supply and demandare flexible,thus manageable.Simultaneous management of supply and demand chains sets the stagefor mass customization which is concerned with meeting the needs of an individualized customermarket.Simultaneous and real-time management of supply and demand chains set the stage forreal-time mass customization(e.g.,wherein a tailor first laser scans an individual's upper torso andthen delivers a uniquely fitted jacket within a reasonable period,while the individual is waiting).Thebenefits of real-time mass customization can not be over-stated as products and services becomeindistinguishable and are co-produced in real-time,resulting in an overwhelming economicadvantage.展开更多
文摘Supply and demand of public goods provide a brand-new theoretical framework for research on the creation of inclusive global value chains(GVCs)under the Belt and Road Initiative(BRI).The supply of international public goods is an important positive variable for creating global value chains under the BRI,in which China and other developing countries involved,as well as their small and medium-sized enterprises(SMEs),are microscopic entities.When the BRI’s supply of instrumental,institutional,and conceptual international public goods is in equilibrium with the demand of GVC entities for public goods,the BRI creates necessary conditions for the extension of GVCs.GVCs created under the BRI are of great value in promoting inclusiveness,fair income distribution,balanced regional development,and the restructuring of international economic governance.Under the current GVC system,some developed countries have been wary about the BRI and even developed misgivings and biases.Nevertheless,developed countries may play an active role in bridging gaps in the BRI’s development and complement their respective strengths with developing countries for win-win cooperation.
文摘Modelling of intraday increases in peak electricity demand using an autoregressive moving average-exponential generalized autoregressive conditional heteroskedastic-generalized single Pareto (ARMA-EGARCH-GSP) approach is discussed in this paper. The developed model is then used for extreme tail quantile estimation using daily peak electricity demand data from South Africa for the period, years 2000 to 2011. The advantage of this modelling approach lies in its ability to capture conditional heteroskedasticity in the data through the EGARCH framework, while at the same time estimating the extreme tail quantiles through the GSP modelling framework. Empirical results show that the ARMA-EGARCH-GSP model produces more accurate estimates of extreme tails than a pure ARMA-EGARCH model.
基金study by the National Natural Science Foundation of China,Shandong province by the National Science Foundation Project,Project number:71202142,ZR2012GM002
文摘A closed-loop supply chain network equilibrium problem is examined,which consists of mutual competitive manufacturers with production capacity constraints and retailers with fuzzy market demands,mutual competitive collectors as well as a binding price ceiling of the commodities.By utilizing the credibility measure of fuzzy event,variational inequality and Lagrange dual theory,the optimum behaviors of manufactures,retailers,collectors and consumers are described.Therefore,the supply chain network equilibrium model is established.Numerical examples were given to illustrate the impact of production capacity constraints and price ceiling on the network equilibrium pattern.The results show that the shortage of commodities in consumer market will be more serious,the wholesale price of product and purchase price of waste products rise,the profits of retailers decrease,the profits of manufacturers and collectors increase as the government gradually reduce the binding price ceiling on competitive markets,and the trend will be more obvious in the existence of production capacity constraints at same time.
文摘Based on the two-stage Stackelberg game method, value creation of supply chain cooperation between coal enterprise and power utilities is studied by formulating profit functions of coal and power enterprises and calculating the maximum profit. According to the analysis, it is found that the profit from supply chain cooperation between coal and power enterprises is more than that of non- cooperation. The cooperation is validated to be beneficial for both units; however, the profit is mainly taken by the power enterprise. Thus, it is necessary to set up the incentive mechanism to distribute cooperation value between coal and power enterprises to promote their continual cooperation.
基金supported by the National Natural Science Foundation of China(Grant Nos.70901068, 71271198)the Funds for International Cooperation and Exchange of the National Natural Science Foundation of China(Grant No.71110107024)Chinese Universities Scientific Fund. the Science Fund for Creative Research Groups of the National Natural Science Foundation of China (Grant No.71121061)
文摘Owing to the changing fashion trends and a volatile market situation, demand in fashion and textile (FT) industry is unpredictable and could vary and change completely in a short time, which makes it more difficult to coordinate a FT supply chain. A change in product preference due to fashion trends is the main reason why the demand of FT industry shows more variations than other industries. In this paper, we use a well known contract, the all-unit quantity discount policy (AQDP), to coordinate a FT supply chain with certain demand, and we further consider it under the demand variations scenario to investigate whether it can still coordinate the supply chain. In detail, before the selling season, an AQDP is provided by the manufacturer to the retailer, and under which the FT supply chain coordination achieved with a certain demand. During the selling season, demand variation is realized after an abrupt changing of fashion trends, therefore, the manufacturer may need to revise the original AQDP to insure the supply chain is still coordinated. Utilizing the mechanism design theory, we prove that: (i) while the traditional AQDP can coordinate the supply chain when no demand variations, it cannot always coordinate the supply chain after the demand variations; (ii) when the AQDP fails, we can use the proposed capacitated linear pricing policy (CLPP) to achieve a new coordination; (iii) a more dominant decision maker, who can set a higher profit goal, is favorable to stabilization of the supply chain system under demand variations. Numerical examples are proposed also to show our results.
文摘Our focus herein is on developing an effective taxonomy for the simultaneous and real-timemanagement of supply and demand chains.More specifically,the taxonomy is developed in terms ofits underpinning components and its research foci.From a components perspective,we first considerthe value chain of supplier,manufacturer,assembler,retailer,and customer,and then develop aconsistent set of definitions for supply and demand chains based on the location of the customer orderpenetration point.From a research perspective,we classify the methods that are employed in themanagement of these chains,based on whether supply and/or demand are flexible or fixed.Interestingly,our taxonomy highlights a very critical research area at which both supply and demandare flexible,thus manageable.Simultaneous management of supply and demand chains sets the stagefor mass customization which is concerned with meeting the needs of an individualized customermarket.Simultaneous and real-time management of supply and demand chains set the stage forreal-time mass customization(e.g.,wherein a tailor first laser scans an individual's upper torso andthen delivers a uniquely fitted jacket within a reasonable period,while the individual is waiting).Thebenefits of real-time mass customization can not be over-stated as products and services becomeindistinguishable and are co-produced in real-time,resulting in an overwhelming economicadvantage.