Journal of Modelling in Management最新文献

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Understanding the challenges of entrepreneurship in emerging economies: a grey systems-based study with entrepreneurs in Brazil 了解新兴经济体的创业挑战:对巴西创业者进行的基于灰色系统的研究
IF 2.4
Journal of Modelling in Management Pub Date : 2024-09-16 DOI: 10.1108/jm2-03-2024-0078
Wilhelm K.K. Abreu, Tiago F.A.C. Sigahi, Izabela Simon Rampasso, Gustavo Hermínio Salati Marcondes de Moraes, Lucas Veiga Ávila, Milena Pavan Serafim, Rosley Anholon
{"title":"Understanding the challenges of entrepreneurship in emerging economies: a grey systems-based study with entrepreneurs in Brazil","authors":"Wilhelm K.K. Abreu, Tiago F.A.C. Sigahi, Izabela Simon Rampasso, Gustavo Hermínio Salati Marcondes de Moraes, Lucas Veiga Ávila, Milena Pavan Serafim, Rosley Anholon","doi":"10.1108/jm2-03-2024-0078","DOIUrl":"https://doi.org/10.1108/jm2-03-2024-0078","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This research aims to understand the primary challenges encountered by entrepreneurs operating in emerging economies, where entrepreneurship plays a vital role. The study places a particular emphasis on entrepreneurs in Brazil.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The research methodology involved the analysis of data obtained from interviews, using both content analysis and Grey Relational Analysis techniques.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The analysis revealed several prominent difficulties that entrepreneurs face in these domains. These challenges encompassed issues such as grappling with intricate taxation systems and the associated tax burden, navigating government bureaucracy, securing access to essential financing and initial investments, contending with the absence of supportive government programs and addressing the dynamic nature of market conditions. The findings on the most critical barriers reveal potential pathways for entrepreneurs, policymakers and universities to act in developing the entrepreneurial ecosystem in emerging economies.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The insights garnered from this research have the potential to inform the formulation of robust public policies aimed at fostering entrepreneurship and innovation in emerging countries. Furthermore, these findings can serve as a valuable resource for planning initiatives designed to train engineers to become successful entrepreneurs.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142191018","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}
引用次数: 0
Financing options for logistics firms considering product quality loss 考虑产品质量损失的物流企业融资方案
IF 2.4
Journal of Modelling in Management Pub Date : 2024-09-04 DOI: 10.1108/jm2-12-2023-0296
Gongbing Bi, Yue Wu, Hang Xu
{"title":"Financing options for logistics firms considering product quality loss","authors":"Gongbing Bi, Yue Wu, Hang Xu","doi":"10.1108/jm2-12-2023-0296","DOIUrl":"https://doi.org/10.1108/jm2-12-2023-0296","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to investigate the impact of quality loss in transit on e-commerce supply chain pricing, production and financing decisions.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The authors consider a Stackelberg game model with a supplier, logistics firm and e-commerce platform. The logistics firm is capital-constrained and obtains funding from the e-commerce platform by debt financing or equity financing. Through backward induction, this paper first solves the equilibrium results under the two financing schemes and then reveals the financing preferences of all parties.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results demonstrate that equity financing reduces financing costs and promotes production significantly. However, it may also lead to overproduction, particularly in markets with poor profitability and high cost factors. When the percentage of product quality loss is large, equity financing is preferable. With the increasing of transportation level, the benefits of debt finance are steadily growing. In addition, equity financing is the Pareto dominant scheme for all firms under certain circumstances. The extensions consider hybrid financing and another quality loss type.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The paper derives the equilibrium solutions and financing preferences, then specifies the threshold for applying financing schemes. Provide guidance for logistics firms’ finance model innovation and core enterprise involvement in the logistics industry.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The paper investigates how logistics firms’ financing strategies are impacted by product quality loss.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142191017","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}
引用次数: 0
A machine learning analysis of the value-added intellectual coefficient’s effect on firm performance 智力增值系数对企业绩效影响的机器学习分析
IF 2.4
Journal of Modelling in Management Pub Date : 2024-08-28 DOI: 10.1108/jm2-10-2023-0253
Rumeysa Bilgin
{"title":"A machine learning analysis of the value-added intellectual coefficient’s effect on firm performance","authors":"Rumeysa Bilgin","doi":"10.1108/jm2-10-2023-0253","DOIUrl":"https://doi.org/10.1108/jm2-10-2023-0253","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Recently, machine learning (ML) methods gained popularity in finance and accounting research as alternatives to econometric analysis. Their success in high-dimensional settings is promising as a cure for the shortcomings of econometric analysis. The purpose of this study is to prove further the relationship between intellectual capital (IC) efficiency and firm performance using ML methods.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study used the double selection, partialing-out and cross-fit partialing-out LASSO estimators to analyze the IC efficiency’s linear and nonlinear effects on firm performance using a sample of 2,581 North American firms from 1999 to 2021. The value-added intellectual capital (VAIC) and its components are used as indicators of IC efficiency. Firm performance is measured by return on equity, return on assets and market-to-book ratio.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The findings revealed significant connections between IC measures and firm performance. First, the VAIC, as an aggregate measure, significantly impacts both firm profitability and value. When the VAIC is decomposed into its breakdowns, it is revealed that structural capital efficiency substantially affects firm value, and capital employed efficiency has the same function for firm profitability. In contrast to the prevalent belief in the area, human capital efficiency’s impact is found to be less important than the others. Nonlinearities are also detected in the relationships.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>As ML tools are most recently introduced to the IC literature, only a few studies have used them to expand the current knowledge. However, none of these studies investigated the role of IC as a determinant of firm performance. The present study fills this gap in the literature by investigating the effect of IC efficiency on firm performance using supervised ML methods. It also provides a novel approach by comparing the estimation results of three LASSO estimators. To the best of the author’s knowledge, this is the first study that has used LASSO in IC research.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142191019","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}
引用次数: 0
A multiobjective mathematical model for a novel buy-back coordination contract in the symbiotic supply chain with fuzzy price: a data-driven decision approach 具有模糊价格的共生供应链中新型回购协调合同的多目标数学模型:一种数据驱动的决策方法
IF 2.4
Journal of Modelling in Management Pub Date : 2024-08-20 DOI: 10.1108/jm2-05-2023-0103
Mobina Belghand, Amirhosein Asadi, Mohammad Alipour-Vaezi, Fariborz Jolai, Amir Aghsami
{"title":"A multiobjective mathematical model for a novel buy-back coordination contract in the symbiotic supply chain with fuzzy price: a data-driven decision approach","authors":"Mobina Belghand, Amirhosein Asadi, Mohammad Alipour-Vaezi, Fariborz Jolai, Amir Aghsami","doi":"10.1108/jm2-05-2023-0103","DOIUrl":"https://doi.org/10.1108/jm2-05-2023-0103","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this study is developing a new buy-back coordination contract in the symbiotic supply chain. In this new contract, the goal of the supply chain members (profit maximization) is realized.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This paper encourages the manufacturer to order products optimally by presenting a new buy-back coordination contract, and in return, the supplier undertakes to buy the unsold products from the manufacturer at the buy-back price. By using data-driven decision-making and multiobjective decision-making and considering the existing conditions in the symbiosis industry, a contract has been presented that guarantees the profits of supply chain members.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>In this paper, it was found out how the authors can determine the order quantity, buy-back price and wholesale price in a symbiotic supply chain in such a way that it makes a profit for both the supplier and the manufacturer. In other words, how to determine these variables to encourage the manufacturer to order more quantity to the supplier so that both will benefit.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this is the first paper that defines a new buy-back coordination contract in the symbiotic supply chain by considering uncertain demand and a multiobjective model. Due to the importance of environmental issues, the sharing of resources by companies and organizations with each other, and the necessity of their cooperation, industries are moving toward a symbiosis industry.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142191021","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}
引用次数: 0
Determining the optimal food hub location in the fresh produce supply chain 确定新鲜农产品供应链中的最佳食品枢纽位置
IF 2.4
Journal of Modelling in Management Pub Date : 2024-08-13 DOI: 10.1108/jm2-02-2024-0042
Houtian Ge, Jing Yi, Stephan J. Goetz, Rebecca Cleary, Miguel I. Gómez
{"title":"Determining the optimal food hub location in the fresh produce supply chain","authors":"Houtian Ge, Jing Yi, Stephan J. Goetz, Rebecca Cleary, Miguel I. Gómez","doi":"10.1108/jm2-02-2024-0042","DOIUrl":"https://doi.org/10.1108/jm2-02-2024-0042","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Using recent US regional data associated with food system operations, this study aims at building optimization and econometric models to incorporate varying influential factors on food hub location decisions and generate effective facility location solutions.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Mathematical optimization and econometric models have been commonly used to identify hub location decisions, and each is associated with specific strengths to handle uncertainty. This paper develops an optimization model and a hurdle model of the US fresh produce sector to compare the hub location solutions between these two modeling approaches.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Econometric modeling and mathematical optimization are complementary approaches. While there is a divergence between the results of the optimization model and the econometric model, the optimization solution is largely confirmed by the econometric solution. A combination of the results of the two models might lead to improved decision-making.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This study suggests a future direction in which model development can move forward, for example, to explore and expose how to make the existing modeling techniques easier to use and more accessible to decision-makers.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>The models and results provide information that is currently limited and is useful to help inform sustainable decisions of various stakeholders interested in the development of regional food systems, regional infrastructure investment and operational strategies for food hubs.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study sheds light on how the application of complementary modeling approaches improves the effectiveness of facility location solutions. This study offers new perspectives on elaborating key features to encompass facility location issues by applying interdisciplinary approaches.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141948347","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}
引用次数: 0
Fermatean fuzzy group decision model for agile, resilient and sustainable logistics service provider selection in the manufacturing industry 为制造业选择灵活、有弹性和可持续的物流服务供应商而建立的 Fermatean 模糊群体决策模型
IF 1.8
Journal of Modelling in Management Pub Date : 2024-08-13 DOI: 10.1108/jm2-02-2024-0040
Mohammad Akhtar
{"title":"Fermatean fuzzy group decision model for agile, resilient and sustainable logistics service provider selection in the manufacturing industry","authors":"Mohammad Akhtar","doi":"10.1108/jm2-02-2024-0040","DOIUrl":"https://doi.org/10.1108/jm2-02-2024-0040","url":null,"abstract":"\u0000Purpose\u0000Logistics service provider (LSP) selection involves multiple criteria, alternatives and decision makers. Group decision-making involves vagueness and uncertainty. This paper aims to propose a novel fuzzy method for assessing and selecting agile, resilient and sustainable LSP, taking care of the inconsistency and uncertainty in subjective group ratings.\u0000\u0000\u0000Design/methodology/approach\u0000Eighteen agile, resilient, operational, economic, environmental and social sustainability criteria were identified from the literature and discussion with experts. Interval-valued Fermatean fuzzy (IVFF) sets are more flexible and accurate for handling complex uncertainty, impreciseness and inconsistency in group ratings. The IVFF PIvot Pairwise RElative Criteria Importance Assessment Simplified (IVFF-PIPRECIAS) and IVFF weighted aggregated sum product assessment (IVFF-WASPAS) methods are applied to determine criteria weights and LSP evaluation, respectively.\u0000\u0000\u0000Findings\u0000Collaboration and partnership, range of services, capacity flexibility, geographic coverage, cost of service and environmental safeguard are found to have a greater influence on the LSP selection, as per this study. The LSP (L3) with the highest score (0.949) is the best agile, resilient and sustainable LSP in the manufacturing industry.\u0000\u0000\u0000Research limitations/implications\u0000Hybrid IVFF-based PIPRECIAS and WASPAS methods are proposed for the selection of agile, resilient and sustainable LSP in the manufacturing industry.\u0000\u0000\u0000Practical implications\u0000The model can help supply chain managers in the manufacturing industry to easily adopt the hybrid model for agile, resilient and sustainable LSP selection.\u0000\u0000\u0000Social implications\u0000The paper also contributes to the social sustainability of logistics workers.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, IVFF-PIPRECIAS and IVFF-WASPAS methods are applied for the first time to select the best agile, resilient and sustainable LSP in a developing economy context.\u0000","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919424","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}
引用次数: 0
Fermatean fuzzy group decision model for agile, resilient and sustainable logistics service provider selection in the manufacturing industry 为制造业选择灵活、有弹性和可持续的物流服务供应商而建立的 Fermatean 模糊群体决策模型
IF 1.8
Journal of Modelling in Management Pub Date : 2024-08-13 DOI: 10.1108/jm2-02-2024-0040
Mohammad Akhtar
{"title":"Fermatean fuzzy group decision model for agile, resilient and sustainable logistics service provider selection in the manufacturing industry","authors":"Mohammad Akhtar","doi":"10.1108/jm2-02-2024-0040","DOIUrl":"https://doi.org/10.1108/jm2-02-2024-0040","url":null,"abstract":"\u0000Purpose\u0000Logistics service provider (LSP) selection involves multiple criteria, alternatives and decision makers. Group decision-making involves vagueness and uncertainty. This paper aims to propose a novel fuzzy method for assessing and selecting agile, resilient and sustainable LSP, taking care of the inconsistency and uncertainty in subjective group ratings.\u0000\u0000\u0000Design/methodology/approach\u0000Eighteen agile, resilient, operational, economic, environmental and social sustainability criteria were identified from the literature and discussion with experts. Interval-valued Fermatean fuzzy (IVFF) sets are more flexible and accurate for handling complex uncertainty, impreciseness and inconsistency in group ratings. The IVFF PIvot Pairwise RElative Criteria Importance Assessment Simplified (IVFF-PIPRECIAS) and IVFF weighted aggregated sum product assessment (IVFF-WASPAS) methods are applied to determine criteria weights and LSP evaluation, respectively.\u0000\u0000\u0000Findings\u0000Collaboration and partnership, range of services, capacity flexibility, geographic coverage, cost of service and environmental safeguard are found to have a greater influence on the LSP selection, as per this study. The LSP (L3) with the highest score (0.949) is the best agile, resilient and sustainable LSP in the manufacturing industry.\u0000\u0000\u0000Research limitations/implications\u0000Hybrid IVFF-based PIPRECIAS and WASPAS methods are proposed for the selection of agile, resilient and sustainable LSP in the manufacturing industry.\u0000\u0000\u0000Practical implications\u0000The model can help supply chain managers in the manufacturing industry to easily adopt the hybrid model for agile, resilient and sustainable LSP selection.\u0000\u0000\u0000Social implications\u0000The paper also contributes to the social sustainability of logistics workers.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, IVFF-PIPRECIAS and IVFF-WASPAS methods are applied for the first time to select the best agile, resilient and sustainable LSP in a developing economy context.\u0000","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919171","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}
引用次数: 0
A dynamic analysis of the firms in oligopoly market structure: a case study 寡头垄断市场结构中企业的动态分析:案例研究
IF 1.8
Journal of Modelling in Management Pub Date : 2024-08-09 DOI: 10.1108/jm2-01-2024-0023
Reza Basiri, Mansour Abedian, Saeed Aghasi, Zahra Dashtaali
{"title":"A dynamic analysis of the firms in oligopoly market structure: a case study","authors":"Reza Basiri, Mansour Abedian, Saeed Aghasi, Zahra Dashtaali","doi":"10.1108/jm2-01-2024-0023","DOIUrl":"https://doi.org/10.1108/jm2-01-2024-0023","url":null,"abstract":"Purpose\u0000Over the last years, powerful advances in the area of dynamic games have enriched game theory and made it more applicable to the modeling of real-world competitive strategies. The study of strategic behaviors of firms in an oligopoly market has received little attention, even though real firms have been shown to compete in output and in price in a single industry. The purpose of this study is to propose a game-theoretic approach to studying strategic behaviors of firms in an oligopoly market structure.\u0000\u0000Design/methodology/approach\u0000This approach was developed to study market dynamics and pricing strategic behavior of firms that have the possibility of deciding to be one of the two types (price-maker or price-taker) and reconsider the choice overtime on the basis of their current insights and knowledge and their experience. Firms try to improve their performance in the competitive market in a strategic way, by considering their steady-state profits and choosing the best type given the other firms’ types, actions and interactions.\u0000\u0000Findings\u0000The results of the present study confirm the previous study that the Cournot market is a stable market, where each firm can be a price-maker and enjoy individual learning as well as social learning. On the contrary, the market with price-takers only is never stable, and, therefore, the Walrasian equilibrium may not be supported in some instances. The Cournot market loses its stability as the number of firms in the market increases due to the fact that it will be more profitable for a firm to switch to price-taking when the number of firms is high enough. In such a situation, when the number of price-takers increases, there are no stable markets and price dynamics are destabilized.\u0000\u0000Originality/value\u0000The study and modeling of real-world competitive strategies would enhance the understanding of oligopoly markets. The study of strategic behaviors of firms in an oligopoly market has received little attention, even though real firms have been shown to compete in output and in price in a single industry as price-takers and price-makers.\u0000","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141921876","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}
引用次数: 0
Integration of game theory optimization in financial markets: a systematic literature review based on TCCM framework 金融市场中的博弈论优化整合:基于 TCCM 框架的系统性文献综述
IF 2.4
Journal of Modelling in Management Pub Date : 2024-08-05 DOI: 10.1108/jm2-04-2024-0114
Aritra Ganti, Shubham Singhania
{"title":"Integration of game theory optimization in financial markets: a systematic literature review based on TCCM framework","authors":"Aritra Ganti, Shubham Singhania","doi":"10.1108/jm2-04-2024-0114","DOIUrl":"https://doi.org/10.1108/jm2-04-2024-0114","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>While being integrated together conceptually and practically, the literature on game theory in the context of financial markets lacks a cohesive understanding. This study aims to systematically scrutinize and analyse the literature of game theory in the context of financial markets, through a systematic literature review.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>A systematic literature-based approach, through the theories, context, characteristics and methodology (TCCM) framework has been applied to 97 articles, extracted and filtered from two databases, Scopus and Web of Science, for a comprehensive review and understanding of the intellectual development in the domain of game theory and financial markets.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The review highlighted the most utilitarian theories within the literature, the context of research in terms of countries and industries, four themes which characterize the literature, as well as the methodologies and research designs used in this research domain. The paper also uncovered certain essential areas that present scope for further research.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>While two of the largest indexation databases have been used, some relevant articles may have been excluded due to the restriction of databases and screening criteria, which may lead to the less exploration of several facets of the domain.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Practically, the paper has implications for multiple stakeholders including traders, businesses and governments. For traders, this paper acts as a guide to entering and understanding the dynamics of financial markets. The review also covers decision-making from the perspective of firms, including venture capitalists. This paper would allow firms to understand how game theory can help influence or analyze the strategic interactions between their stakeholders in terms of information disclosure, or consumers and their behavior to stimuli from the firm’s actions.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this study is the first of its kind that attempts to comprehensively provide an overview of the literature on game theory in financial markets. In doing so, this study shall help assess the current state of knowledge in the said field and locate gaps in the literature to propose new research directions.</p><!--/ Abstract__block -->","PeriodicalId":16349,"journal":{"name":"Journal of Modelling in Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141881019","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}
引用次数: 0
Decision on the introduction of blockchain technology in green supply chains considering altruistic preferences 考虑利他主义偏好,决定在绿色供应链中引入区块链技术
IF 2.4
Journal of Modelling in Management Pub Date : 2024-08-02 DOI: 10.1108/jm2-03-2024-0092
Wenxian Zhao
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