{"title":"Simple Analysis on the Function of Risk Management in Construction Enterprises Development","authors":"Zhu Mingqiang","doi":"10.1109/CCCM.2009.5268144","DOIUrl":"https://doi.org/10.1109/CCCM.2009.5268144","url":null,"abstract":"With rapid economic development and the progressively more intense competition, construction industries are facing the constant change, and these will bring risk to the enterprise development. Risk management is needed in the manufacturing course and has become the indispensable part of the national lash-up system. Based on the analysis of risk management situation of construction firms, the connotations of risk management are analyzed in this paper, then the necessity and approaches are also expounded. Appropriate patterns of risk management in construction industry are erected based on description and analysis of the risk and the effective methods of risk management are presented. Through systematic research and analysis, this paper intends to provide theoretical foundation for the risk management of the construction industry in China and strengthen their capabilities to evade risks.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122526131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamic Linkages between Stock Market Volatility and Macroeconomic Variables: Empirical Evidence Based on China","authors":"Zhaoxu Chen, Jun Xu","doi":"10.1109/BIFE.2009.191","DOIUrl":"https://doi.org/10.1109/BIFE.2009.191","url":null,"abstract":"This paper investigates whether dynamics in key macroeconomic indicators in China significantly explain stock returns. The dataset covers the period from January 1996 to December 2006. Using the impulse response, the study finds that in terms of magnitude, persistence, and significance, the transmission of shocks emanating from industrial production and money supply to stock market are more pronounced than the ones originating from the other macroeconomic variables. These findings may have important implications for decision-making by investors and national policymakers.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"135 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114671639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Survey of Interestingness Measures for Association Rules","authors":"Yuejin Zhang, Lingling Zhang, G. Nie, Yong Shi","doi":"10.1109/BIFE.2009.110","DOIUrl":"https://doi.org/10.1109/BIFE.2009.110","url":null,"abstract":"Association mining can generate large quantity of rules, most of which are not interesting to the user. Interestingness measures are used to find the truly interesting rules. This paper presents a review of the available literature on the various interestingness measures, which generally can be divided into two categories: objective measures based on the statistical strengths or properties of the discovered rules, and subjective measures which are derived from the user’s beliefs or expectations of their particular problem domain. We sum up twelve measure criteria which are concerned by many researchers and evaluate the strengths and weaknesses of the two categories of measures. At last, we pointed out that the combination of objective and subjective measures would be a possible research direction.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127087423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Learning Process of Uninformed Traders and Information Efficiency","authors":"Mianbi Xie","doi":"10.1109/BIFE.2009.172","DOIUrl":"https://doi.org/10.1109/BIFE.2009.172","url":null,"abstract":"This paper investigates the relationship between learning process of uninformed traders and information efficiency in the security market in which there are short-sale constraints, financing constraints, asymmetric information and difference in opinions between the traders. Using Bayes Law, we formulated the speed of information convergence (SIC), and found that the private information can be revealed at an exponential convergence speed. Short-sale constraints and financing constraints will decrease the SIC. Short-sale constraints restrain the bad news much worse, and financing constraints restrain the good news much worse. the SIC will increase with the proportion of informed traders. The more the traders’ opinions are centralized, the quicker the private information is reveaed.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"343 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122322712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Game Analysis of the Relationship among Government, Mobile Operator and Finance Organization in China Mobile Payment Industry Chain","authors":"Haiying Ou, Ting-jie Lv, Xia Chen","doi":"10.1109/BIFE.2009.142","DOIUrl":"https://doi.org/10.1109/BIFE.2009.142","url":null,"abstract":"Being at the primary stage, China mobile payment industry cries for a proper business mode between mobile operator and finance organization which are the keys in the industry chain. In this paper, we study this issue by using game theory. First, we present a three-person game model among these three players, i.e., government, mobile operator and finance organization. Then, we obtain the Nash equilibrium of this model. Finally, we propose some management insights and suggestions to mobile payment industry in China.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122451217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Warrant Pricing Bias in China's Stock Market and Its Causes","authors":"Yue Li, Xiangning Wang","doi":"10.1109/BIFE.2009.80","DOIUrl":"https://doi.org/10.1109/BIFE.2009.80","url":null,"abstract":"In this paper we study the characteristics of warrant prices and their formation in China's stock market. We use Hull-White option pricing model (H-W model) to investigate the characteristics of warrant prices, and then adopt the behavior finance theories to study the formation of these characteristics. Our study results show that: all sample warrants have great pricing biases; out-of-the-money warrants are overpriced while in-the-money warrants are underpriced; overpricing of the out-of-the-money call warrant becomes more serious along with the underlying stock price falling; the investors' overconfidence and their overrating of the probabilities of low-probability events are two main causes of these phenomena.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"149 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122039317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research of Dispatching Method in Elevator Group Control System Based on Traffic Mode Identify","authors":"Jun Wang, Airong Yu, Xiaoyi Zhang, Lei Qu","doi":"10.1109/BIFE.2009.20","DOIUrl":"https://doi.org/10.1109/BIFE.2009.20","url":null,"abstract":"Elevator group control system (EGCS) with multi-objective, stochastic and nonlinear characteristics is a complex optimization system. After analyzing characteristic of typical traffic mode of elevator. This paper proposed a new simulation platform of an elevator group control system implemented in C# using the fuzzy-neural network technology. The result of simulation shows that this method realizes reasonable elevator dispatching under various passenger traffic conditions and indicates the validity of this method.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129718238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A New Method of Membership Conversion for Fuzzy Evaluation of the Oil Storage Safety","authors":"Kai-di Liu, Jin Wang, Yan-jun Pang","doi":"10.1109/BIFE.2009.46","DOIUrl":"https://doi.org/10.1109/BIFE.2009.46","url":null,"abstract":"In order to realize evaluation of oil storage safety, clear the redundant data in indexes membership which is not useful for goal classification, based on data mining of entropy, mining knowledge information about object classification hidden in every index, affirming the relation of object classification and index membership, eliminating the redundant data in index membership for object classification by defining distinguishable weight, extracting valid values to compute object membership. A case of oil storage safety is in this paper. Empirical results show that: In order to clear the interference of redundant data, the membership conversion will be used as valid method with multiple indexes attributes. The method based on data mining of entropy clear the interference of redundant data in fuzzy evaluation and many multiple indexes decision-making are solved.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129862091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financing Mode of Restoration and Preservation of China's Groundwater","authors":"Ling Wang, Xuesong Jiang","doi":"10.1109/BIFE.2009.193","DOIUrl":"https://doi.org/10.1109/BIFE.2009.193","url":null,"abstract":"In order to collect the funds to restore and preserve the groundwater in China, it is important to study the proportion of each financing mode. The applicable financing modes of restoration and preservation project for China’s groundwater include seven, such as national financial transfer payment, national treasury bonds, local government financial transfer payment, municipal bonds, Bank Loans, The Groundwater Protection Fund, Groundwater Resources Fee, etc. To determine the proportion of each financing mode, Analytic Hierarchy Process (AHP) method is used in this paper. The results show that each financing mode plays a necessary role in collecting all funds. Finally, the proportion of financing modes is obtained to make a solid foundation of restoration and preservation of groundwater in China.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129877159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Credit Risk and Policy of Digital Content Production Online Trading","authors":"Chengxiong Zhou, Lanxiang Zhao, Zhuojun Liu","doi":"10.1109/BIFE.2009.136","DOIUrl":"https://doi.org/10.1109/BIFE.2009.136","url":null,"abstract":"Basic on Satoris-Hill Credit Policy Decision Model (SHPDM), this article analyzes the advantage and ability of bad debt risk resistance as well as comparison of digital content manufacturer with traditional one by virtue of profit under scenarios of the former adopting relative credit policy. We find that digital content manufacturer has stronger ability of risk resistance of bad debts than traditional product manufacturer in terms of credit sale. Furthermore, we prove that once reaching a degreed growth of sale, credit sales for the costs of bad debts and extended credit can be remedied for digital content manufacturers.","PeriodicalId":133724,"journal":{"name":"2009 International Conference on Business Intelligence and Financial Engineering","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129342206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}