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SCM Implementation Decisions Under Asymmetric Information: An Agency Approach 信息不对称下供应链管理实施决策:代理方法
Journal of Systems Science and Information Pub Date : 2020-10-01 DOI: 10.21078/JSSI-2020-447-11
Lina Wang, S. Poelmans, K. Milis
{"title":"SCM Implementation Decisions Under Asymmetric Information: An Agency Approach","authors":"Lina Wang, S. Poelmans, K. Milis","doi":"10.21078/JSSI-2020-447-11","DOIUrl":"https://doi.org/10.21078/JSSI-2020-447-11","url":null,"abstract":"Abstract The optimization investment policy decision of SCM-supply chain management-implementation has been analysed under symmetric and asymmetric information conditions. For both conditions, SCM implementation optional decision optimizing models have been developed. In these models, both clients and vendors try to pursue their own benefits. Based upon the principal-agent theory, the models show to what extent a principal (a client) needs to pay more to an agent (a vendor) in a context of asymmetric information. For the client it is important to understand the extra costs to be able to adopt effective strategies to stimulate a vendor to perform an optimal implementation of a SCM system. The results of a simulation experiment regarding SCM implementation options illustrate and verify the theoretical findings and confirm the general notion that the less informed party is obliged to pay information rent to the better-informed party.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128280623","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: 2
Relationships Among Perceived Value, Satisfaction, and e-Trust: An e-CRM View of Online Restaurant Consumption 感知价值、满意度和电子信任之间的关系:网上餐饮消费的电子crm视角
Journal of Systems Science and Information Pub Date : 2020-10-01 DOI: 10.21078/JSSI-2020-458-18
Gang Zhang, Zongshui Wang, Hong Zhao
{"title":"Relationships Among Perceived Value, Satisfaction, and e-Trust: An e-CRM View of Online Restaurant Consumption","authors":"Gang Zhang, Zongshui Wang, Hong Zhao","doi":"10.21078/JSSI-2020-458-18","DOIUrl":"https://doi.org/10.21078/JSSI-2020-458-18","url":null,"abstract":"Abstract This paper aims to propose a new trend in research which integrates the online customer relationship management through the perspectives of perceived value, satisfaction, and e-trust regarding the online restaurant in Chinese e-CRM business backgrounds. This study constructs a structural equation model to analyze the online restaurant marketing with the research perspective of the relationships among perceived value, satisfaction and e-Trust, corresponding to the cognitive belief, affective experiences and cognitive behavior of e-CRM. This model proposes six hypotheses concerning the relationships among perceived value, satisfaction and e-trust, aiming to demonstrate the predominant factors affecting the online restaurant sales and further to have a better understanding of the customers’ preferences on placing orders and purchases in the online context. The results show that there is a series of connections among perceived value, satisfaction and e-trust, and most of them are important. First, the perceived value has an incentive effect on satisfaction, e-trust, and customers’ commitment to a relationship. Second, satisfaction has a positive impact on e-trust and leads to the commitment to a relationship. Third, e-trust positively affects the consumer commitment to a relationship. In addition, production quality, service quality and price fairness have a significant impact on the perceived value.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133799996","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: 3
Bifractional Black-Scholes Model for Pricing European Options and Compound Options 欧式期权和复合期权定价的双分数Black-Scholes模型
Journal of Systems Science and Information Pub Date : 2020-08-26 DOI: 10.21078/JSSI-2020-346-10
Xu Feng
{"title":"Bifractional Black-Scholes Model for Pricing European Options and Compound Options","authors":"Xu Feng","doi":"10.21078/JSSI-2020-346-10","DOIUrl":"https://doi.org/10.21078/JSSI-2020-346-10","url":null,"abstract":"Recent empirical studies show that an underlying asset price process may have the property of long memory. In this paper, it is introduced the bifractional Brownian motion to capture the underlying asset of European options. Moreover, a bifractional Black-Scholes partial differential equation formulation for valuing European options based on Delta hedging strategy is proposed. Using the final condition and the method of variable substitution, the pricing formulas for the European options are derived. Furthermore, applying to risk-neutral principle, we obtain the pricing formulas for the compound options. Finally, the numerical experiments show that the parameter HK has a significant impact on the option value.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116954465","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: 1
Traveler’s Willingness to Accept and Provide Carpooling Services: A Case Study in Beijing 乘客接受和提供拼车服务的意愿:以北京为例
Journal of Systems Science and Information Pub Date : 2020-08-01 DOI: 10.21078/JSSI-2020-356-11
Lingling Xiao, Zhitian Zhou
{"title":"Traveler’s Willingness to Accept and Provide Carpooling Services: A Case Study in Beijing","authors":"Lingling Xiao, Zhitian Zhou","doi":"10.21078/JSSI-2020-356-11","DOIUrl":"https://doi.org/10.21078/JSSI-2020-356-11","url":null,"abstract":"Abstract Carpooling as a transportation demand management (TDM) tool is currently being prevalent in major Chinese cities and producing much diminishment in the frequency of solo-driving trips. Meanwhile, much disputes relating to carpooling is arising. To better understand the acceptance and the influence factors of carpooling, this paper investigates travelers’ willingness to provide and accept carpooling services. Firstly, a questionnaire survey was conducted. Secondly, we proposed a theoretical model, both car-owners and non-car-owners were sampled as respondents, and a multi-variable regression method was employed to analyze the survey data. Finally, we found that the higher acceptance, the more positive reactions to carpooling. The results indicate that it is necessary to improve the public’s acceptance of carpooling, because lower acceptance will lead to more negative reactions towards the carpooling, which may weaken its effectiveness.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116890722","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
Evaluation of Heavy Commercial Vehicles Brand Considering Multi-Attribute Indexes in China 基于多属性指标的中国重型商用车品牌评价
Journal of Systems Science and Information Pub Date : 2020-08-01 DOI: 10.21078/JSSI-2020-291-18
Xiaoqin Xiong, A. Cheng
{"title":"Evaluation of Heavy Commercial Vehicles Brand Considering Multi-Attribute Indexes in China","authors":"Xiaoqin Xiong, A. Cheng","doi":"10.21078/JSSI-2020-291-18","DOIUrl":"https://doi.org/10.21078/JSSI-2020-291-18","url":null,"abstract":"Abstract Assessment of brand competitiveness which influences consumer trends and company’s sales performance contributes to business development. This paper elaborates the theories and the main investigations of brand competitiveness, and formulates a comprehensive hierarchical structure integrating multi-attribute indexes, i.e., social, technical, managerial, environmental and cultural criteria. An integrated multi-criterion decision-making (MCDM) model combining with analytic hierarchy process (AHP), grey relational analysis (GRA) and VIKOR is presented to determine the weights of influence criteria and to evaluate brand competitiveness. The utilized integrated methodology has been proved to be valid and practical by the empirical application on three enterprises. The results provide an accurate and effective tool for MCDM problem and also a new guideline for the enterprise development.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129900716","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: 2
Exploring Evolution of Public Opinions on Tianya Club Using Dynamic Topic Models 基于动态话题模型的天涯社舆情演变研究
Journal of Systems Science and Information Pub Date : 2020-08-01 DOI: 10.21078/JSSI-2020-309-16
Zhihua Yan, Xijin J. Tang
{"title":"Exploring Evolution of Public Opinions on Tianya Club Using Dynamic Topic Models","authors":"Zhihua Yan, Xijin J. Tang","doi":"10.21078/JSSI-2020-309-16","DOIUrl":"https://doi.org/10.21078/JSSI-2020-309-16","url":null,"abstract":"Abstract Online media have brought tremendous changes to civic life, public opinions, and government administration. Compared with traditional media, online media not only allow individuals to browse news and express their views more freely, but also accelerate the transmission of opinions and expand influence. As public opinions may arouse societal unrest, it is worth detecting the primary topics and uncovering the evolution trends of public opinions for societal administration. Various algorithms are developed to deal with the huge volume of unstructured online media data. In this study, dynamic topic model is employed to explore topic content evolution and prevalence evolution using the original posts published from 2013 to 2017 on the Tianya Zatan Board of Tianya Club, which is one of the most popular BBS in China. Based on semantic similarities, topics are grouped into three themes: Family life, societal affairs, and government administration. The evolution of topic prevalence and content are affected by emergent incidents. Topics on family life become popular, while themes “societal affairs” and “government administration” with bigger standard deviations are more likely to be influenced by emergent hot events. Content evolution represented by monthly pairwise distance matrix is very easy to find change points of topic content.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128765679","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: 1
Localized or Regional? Urban Housing Policy Spillover in China’s Urban Agglomerations 2010–2018 本地化还是区域性?2010-2018年中国城市群住房政策溢出效应研究
Journal of Systems Science and Information Pub Date : 2020-08-01 DOI: 10.21078/JSSI-2020-325-21
Xiangfei Li, Hongli Han, Minghan Sun
{"title":"Localized or Regional? Urban Housing Policy Spillover in China’s Urban Agglomerations 2010–2018","authors":"Xiangfei Li, Hongli Han, Minghan Sun","doi":"10.21078/JSSI-2020-325-21","DOIUrl":"https://doi.org/10.21078/JSSI-2020-325-21","url":null,"abstract":"Abstract Spatio-temporal model and event analysis were integrated in this paper, with 156 prefecture level cities’ housing transaction data and 167 items policies proposed by 10 central cities between January, 2010 and December, 2018 as samples. This paper studied the regional and cross-regional spillover effects of central cities’ urban housing regulation policies to the peripheral cities in the scope of urban agglomerations, as well as the policy-driven interactions of different regional real estate markets. The results indicated that: China’s regional housing market has obvious characteristics of policy orientation, of which the regulation measures on some central cities can affect the residential market and produce certain spillover interference on the market fluctuations of peripheral cities in time and space dimension. When geographical factor was considered, the 10 central cities had different degree of policy spillover effects caused by distinct policy types in their respective urban agglomerations. When ignoring spatial factors, restrictive policies in Beijing, Shanghai, Zhengzhou, Xi’an, Wuhan and Shenzhen had significant cross-regional spillover effects and drove the surrounding housing markets to have geared interactions, which to a certain extent revealed the flowing way of population and wealth in China’s regional economy during the past dozen years.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133195744","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: 1
Recursive Solution of Queue Length Distribution for Geo/G/1 Queue with Delayed Min(N, D)-Policy 具有延迟最小(N, D)-策略的Geo/G/1队列长度分布的递推解
Journal of Systems Science and Information Pub Date : 2020-08-01 DOI: 10.21078/JSSI-2020-367-20
Yingyuan Wei, Yinghui Tang, Miaomiao Yu
{"title":"Recursive Solution of Queue Length Distribution for Geo/G/1 Queue with Delayed Min(N, D)-Policy","authors":"Yingyuan Wei, Yinghui Tang, Miaomiao Yu","doi":"10.21078/JSSI-2020-367-20","DOIUrl":"https://doi.org/10.21078/JSSI-2020-367-20","url":null,"abstract":"Abstract In this paper we consider a discrete-time Geo/G/1 queue with delayed Min(N, D)-policy. Using renewal process theory, total probability decomposition technique and z-transform, we study the transient and equilibrium properties of the queue length from an arbitrary initial state, and obtain both the recursive expressions of the transient state queue length distribution and the steady state queue length distribution at arbitrary time epoch n+. Furthermore, we derive the important relations between equilibrium queue length distributions at different time epochs n–, n and n+. Finally, we give some numerical examples about capacity decision in queueing systems to demonstrate the application of the analytical results reported in this paper.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127535711","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: 2
Truck and Trailer Routing Problem Solving by a Backtracking Search Algorithm 用回溯搜索算法求解卡车和拖车路线问题
Journal of Systems Science and Information Pub Date : 2020-07-28 DOI: 10.21078/JSSI-2020-253-20
Yu Shiyi, Fu Jianwen, Cui Feng, Zhang Xin
{"title":"Truck and Trailer Routing Problem Solving by a Backtracking Search Algorithm","authors":"Yu Shiyi, Fu Jianwen, Cui Feng, Zhang Xin","doi":"10.21078/JSSI-2020-253-20","DOIUrl":"https://doi.org/10.21078/JSSI-2020-253-20","url":null,"abstract":"Truck and trailer routing problem (TTRP) is one of the most frequently encountered problem in city distribution, particularly in populated and intensive downtown. This paper addresses this problem and designs a novel backtracking search algorithm (BSA) based meta-heuristics to solve it. The initial population is created by T-sweep heuristic and then based on the framework of backtracking search algorithm, four types of route improvement strategies are used as building blocks to improve the solutions of BSA in the process of mutation and crossover. The computational experiments and results indicate that the proposed BSA algorithm can provide an effective approach to generate high-quality solutions within the satisfactory computational time.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126898568","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: 4
Strategic Behavior and Optimization in an Unobservable Constant Retrial Queue with Balking and Set-Up Time 具有延迟和设置时间的不可观测恒重审队列的策略行为与优化
Journal of Systems Science and Information Pub Date : 2020-06-01 DOI: 10.21078/JSSI-2020-273-18
Linlin Wang, Liwei Liu, Zhen Wang, X. Chai
{"title":"Strategic Behavior and Optimization in an Unobservable Constant Retrial Queue with Balking and Set-Up Time","authors":"Linlin Wang, Liwei Liu, Zhen Wang, X. Chai","doi":"10.21078/JSSI-2020-273-18","DOIUrl":"https://doi.org/10.21078/JSSI-2020-273-18","url":null,"abstract":"Abstract An M/M/1 constant retrial queue with balking customers and set-up time is considered. Once the system becomes empty, the server will be turned down to reduce operating costs, and it will be activated only when there is a customers arrives. In this paper, the almost unobservable case is studied, in which the information of the queue length is unavailable, whereas the state of the server can be obtained. Firstly, the steady state solutions are derived and the individual equilibrium strategies are analyzed. In addition, social optimization problems, including cost analysis and social welfare maximization are investigated by using the PSO algorithm. Finally, by appropriate numerical examples, the sensitivity of some main system parameters is shown.","PeriodicalId":258223,"journal":{"name":"Journal of Systems Science and Information","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129750839","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: 2
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