{"title":"Optimizing Distribution Network Design Using Conic Relaxation for Maximum Cut Formulations","authors":"Jian Luo;Huimin Song;Zhiqiao Wu;Yukai Zheng","doi":"10.1109/TEM.2025.3556417","DOIUrl":"https://doi.org/10.1109/TEM.2025.3556417","url":null,"abstract":"In the home appliance retail industry, delivery services have faced challenging situations caused by cross-area distributions in recent years, making it necessary to determine the service area to reduce the distribution coupling of different areas. Given the special characteristics of home appliance products, we first propose a multidimensional weight model by incorporating a designed fuzzy membership function that corrects the cost errors brought about by travel distance. Determination of the service area is then formulated as multiple maximum cut problems. Moreover, with good theoretical properties, a linear conic programming (LCoP) algorithm is developed to obtain the proximate global optimum solution for the maximum cut problem by applying conic relaxation. The proposed LCoP algorithm is applied iteratively to solve the formulated maximum cut problems. From numerical results, the LCoP algorithm produces a better approximated maximum cut than Williamson and Goemans’ algorithm and quantum approximate optimization algorithm, both of which become increasingly less effective as the problem size increases. Compared to the original RiRiShun Logistics (RRS) distribution network and tested algorithm, implementing the proposed planning approach benefit more to RRS with respect to the cross-area distribution frequency and transportation costs.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1592-1607"},"PeriodicalIF":4.6,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Equilibrium Analysis of Unfair Competition From Shoddy Goods","authors":"Shu Hu;Qin Zhou;Tong Wu","doi":"10.1109/TEM.2025.3556454","DOIUrl":"https://doi.org/10.1109/TEM.2025.3556454","url":null,"abstract":"Advances in e-commerce allow consumers to learn the truth about shoddy goods. This article develops an analytical framework for examining the competition between an honest manufacturer (the “truth-teller”) and a deceptive manufacturer (the “deceiver”). Our equilibrium analysis suggests that the deceiver is not always inclined to deceive and that the truth-teller is not necessarily harmed by deception. Depending on the parameter values, the deceptive behavior of a deceiver can lead to four types of outcomes vis-à-vis the truth-teller: win–win, win–lose, lose–win, and lose–lose. In particular, if the consumer response to deception is weak then the truth-teller always has an incentive to prevent the deceiver from excessively exaggerating its product quality by <italic>lowering</i> his own production cost, which lessens the truth-teller's deceiver-induced profit loss. Yet if the consumer response to deception is strong then the truth-teller can prevent the deceiver from even slightly exaggerating its product quality by <italic>raising</i> his own production cost; however, he might not have sufficient incentive to do so because this strategy would reduce his profit. Counter-intuitively, if the consumer response to deception is weak, then both consumer surplus and social welfare will actually increase with the deceiver's announced quality.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1639-1652"},"PeriodicalIF":4.6,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Understanding Blockchain Adoption in SMEs: A Mixed-Method Study of Digital Transformation, Resilience, and Senior Leadership Support","authors":"Debarun Chakraborty;Abhishek Behl;Ismail Golgeci;Asif Nazrul","doi":"10.1109/TEM.2025.3556371","DOIUrl":"https://doi.org/10.1109/TEM.2025.3556371","url":null,"abstract":"This article investigates the adoption of blockchain technology (BCT) by small- and medium-sized enterprises (SMEs), focusing on the interplay between digital transformation, market volatility, and organizational resilience. The goal of this article is to assess how perceived usefulness and perceived ease of use shape SMEs’ intention to adopt BCT. This article integrates the Technology Acceptance Model with the Dynamic Capabilities Theory and explores how perceived usefulness, ease of use, and resilience influence SMEs’ adoption intentions under the boundary conditions of senior leadership support (SLS). Conducted in India from November 2023 to February 2024, a mixed-method approach combining qualitative insights from interviews and case studies with quantitative analysis from survey data is employed to provide a comprehensive understanding of the factors driving or hindering BCT adoption. The findings also underscore the critical role of SLS in fostering resilience and guiding SMEs through the digital transformation process, highlighting the need for tailored strategies to support BCT integration in resource-constrained environments. This article contributes to bridging the knowledge gap on BCT's impact on SMEs, offering practical implications for entrepreneurs seeking to leverage BCT for competitive advantage amid volatility. This article reveals that SMEs’ successful adoption of BCT hinges not only on perceived usefulness and ease of use but also on the strategic alignment of digital capabilities with resilience-building efforts, particularly under strong SLS.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1576-1591"},"PeriodicalIF":4.6,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Team Experience and ICO Success: An Empirical Study of Entrepreneurs in Blockchain Projects","authors":"Chunjia Han;Mu Yang;George Saridakis;Vladimiro Sassone","doi":"10.1109/TEM.2025.3555541","DOIUrl":"https://doi.org/10.1109/TEM.2025.3555541","url":null,"abstract":"Initial coin offering (ICO), based on the blockchain technology, has emerged as a new fundraising mechanism in entrepreneurial finance for ventures to raise capital via crowdfunding. Building upon the limited yet growing body of literature on the interaction of entrepreneurship, crowdfunding, and organizational learning, this article aims to investigate the relationship between entrepreneur teams’ functional-based experience and crowdfunding success with a focus on the ICOs of blockchain projects. We also examine the moderating roles of the characteristics of blockchain projects on the relationship. The study collects empirical data on 428 blockchain projects which had completed their ICOs. Logistic regression models are developed to test hypotheses. The results show that entrepreneurial teams’ technically related ICO experience has a positive impact on their ICO success while commercially related ICO experience has a negative impact. Further examination shows that the sector factor significantly moderates both impacts. The moderating effect of soft caps is found insignificant. These findings add to the existing literature by highlighting the impact of entrepreneurs’ experience on the success of their ICO projects and have implications for practice on managing entrepreneurial team to improve crowdfunding performance","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1334-1347"},"PeriodicalIF":4.6,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143845348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of Carbon Abatement Policies on Cross-Border Supply Chain Remanufacturing: The Role of Import Quotas","authors":"Wei Li;Jian Kang;Hui Sun;Gu Pang","doi":"10.1109/TEM.2025.3555392","DOIUrl":"https://doi.org/10.1109/TEM.2025.3555392","url":null,"abstract":"This study investigates the strategic interplay between import quotas and carbon abatement policies in cross-border closed-loop supply chains. Specifically, it examines the impact of three distinct carbon policies—carbon constraints (Policy A), carbon trading (Policy B), and carbon tariffs and taxes (Policy C) on the remanufacturing production decisions within a supply chain comprising an original equipment manufacturer (OEM) and a retailer, as well as on the social welfare of the importing country and environmental sustainability. The findings challenge conventional assumptions by demonstrating that higher carbon trading prices imposed by importing countries do not necessarily incentivize OEMs to reduce emissions or promote remanufacturing. Instead, more stringent carbon tariffs are more effective in encouraging emission reductions. Furthermore, the optimal policy mix for maximizing social welfare and environmental benefits is contingent upon the levels of import and carbon quotas: Policy A is most effective under low quotas, Policy B under high quotas, and Policy C under moderate quotas. When remanufactured products exhibit lower carbon footprints, reducing import quotas enhances environmental benefits, whereas lowering carbon quotas improves social welfare under Policy A. In addition, the study highlights that governments can calibrate import quotas in response to fluctuations in carbon trading prices or carbon tariffs to achieve a win-win between economic and environmental objectives. By advancing a theoretical framework for policy optimization in cross-border closed-loop supply chains, this research provides valuable insights for policymakers and industry stakeholders in designing sustainable and economically viable carbon abatement strategies.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1281-1296"},"PeriodicalIF":4.6,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143835443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring the Role of Disruptive Periods in the Digital Transformation of Theatre and Performing Arts","authors":"Dilşad Evci;Dilay Çelebi;Ferhan Çebi","doi":"10.1109/TEM.2025.3555331","DOIUrl":"https://doi.org/10.1109/TEM.2025.3555331","url":null,"abstract":"This article investigates the impacts of the disruptive periods of uncertainty and great change caused by processes such as the 2020 global Covid-19 pandemic, on the performing arts industry, with a specific focus on theatre. We use a combination of systematic literature review and semistructured interviews with professionals in the field to explore how the shift to digital platforms has reshaped production, distribution, and consumption within this traditionally live interaction-dependent sector. This article identifies key transformations in the sociotechnical regime of the performing arts, highlighting the accelerated integration of digital technologies and the consequent shifts in audience engagement and economic models. Theoretical contributions of this article include insights into the resilience and adaptability of creative industries in the face of regulatory and environmental changes, while practical implications point to the need for innovative economic strategies and policy support to bridge the digital divide.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1608-1621"},"PeriodicalIF":4.6,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Governmental Venture Capital on Firm Innovation: The Role of Proactive R&D Management","authors":"Songyang Wu;Lutao Ning;Shijun Mu;Kaihua Chen","doi":"10.1109/TEM.2025.3570950","DOIUrl":"https://doi.org/10.1109/TEM.2025.3570950","url":null,"abstract":"We investigate the effect of governmental venture capital (GVC) funds on firm-level technological innovation performance and how proactive R&D management influences the effectiveness of GVC funds. Using an unbalanced panel of 4999 firms listed on China's National Equities Exchange and Quotations from 2012 to 2019, this article employs the propensity score matching method with a difference-in-differences estimator to examine the effect of GVC funds. GVC funds can promote technological innovation at the firm level. This positive association between GVC funds and technological innovation is more pronounced in firms with proactive high-level R&D management compared to those with low-level R&D management. Policymakers could leverage GVC funds as a policy instrument to incentivize firms to innovate, focusing on directing funds to those with proactive R&D management. Firm managers should consider GVC funds as a valuable financial resource and facilitate the adoption of proactive R&D management to boost innovation performance. Building upon the resource dependence theory and dynamic capability theory, our study complements and extends existing research by revealing the positive effect of GVC funds on firm innovation and also identifying that proactive R&D management can enhance the effectiveness of GVC funds on firm innovation.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"2082-2096"},"PeriodicalIF":4.6,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144219824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yan Zhou;Samuel Shuai Liu;Xiaoping Xu;T. C. E. Cheng
{"title":"Enhancing Competitive Advantage Through AI-Driven Live Streaming Sales","authors":"Yan Zhou;Samuel Shuai Liu;Xiaoping Xu;T. C. E. Cheng","doi":"10.1109/TEM.2025.3550400","DOIUrl":"https://doi.org/10.1109/TEM.2025.3550400","url":null,"abstract":"Artificial intelligence (AI)-supported live streaming sales have emerged as a popular marketing strategy. Faced with competition from bricks-and-mortar (B&M) retailers, online retailers are considering how to utilize live streaming to enhance their competitive advantage. We develop a duopoly competition game model in which a B&M retailer sells a product through an offline channel, while an online retailer utilizes human-hosted or AI-supported live streaming to sell the product through an online channel. Our findings reveal that the B&M retailer can sustain a higher price and more profits unless the online retailer adopts live streaming sales. Human-hosted live streaming enables the online retailer to gain a competitive advantage, especially in the situation of low online acceptance with notable or minimal live streaming advantage, or high online acceptance with limited live streaming advantage. AI-supported live streaming proves beneficial when consumers encounter high hassle costs. Furthermore, we underscore the advantage of live streaming sales for the online retailer, noting that it can benefit from utilizing either human-hosted or AI-supported live streaming when consumers' hassle costs are between moderately low and not too high. Moreover, our study offers insights into the online retailer's optimal live streaming selection strategy that the choice between human-hosted and AI-supported live streaming depends on the cost of human-hosted live streaming and consumers' hassle costs.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1348-1360"},"PeriodicalIF":4.6,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143845517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Selling Products in the E-Marketplace: Do Fairness Concerns Matter for the Deployment of Product Visualization Tools?","authors":"Jianing Zhang;Bin Shen","doi":"10.1109/TEM.2025.3553124","DOIUrl":"https://doi.org/10.1109/TEM.2025.3553124","url":null,"abstract":"Deploying product visualization tools (PVTs) can reduce consumers’ product fit uncertainty in e-marketplaces. This article examines the impact of PVTs on selling products. Consumers are fairness-minded. We develop a game-theoretical framework and find that PVTs can be deployed when consumer fairness concerns are relatively weak. Highly precise PVTs can facilitate an all-win outcome for the supplier, retailer, and consumers if the product has low quality. Such an all-win outcome may also be achieved if product quality is higher than a certain level and the degree of product visualization precision is relatively low. We find that the region of an all-win outcome of deploying PVTs will expand with decreased degree of consumer fairness concerns. Thus, consumer fairness concerns are advised to be measured when deploying PVTs in e-marketplaces. Moreover, demand will decrease if product quality and the degree of product visualization precision are high. Consequently, an all-lose outcome for the supplier, retailer, and consumers will occur. Thus, deploying PVTs for high-quality products is not wise when the degree of product visualization precision is relatively high. This article provides managerial insights into the optimal strategy for deploying PVTs in e-marketplaces when selling to fairness-minded consumers.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1195-1206"},"PeriodicalIF":4.6,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143818021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Being an Emotionally Unaffected Investor: Evidence From Bitcoin","authors":"Xiaohang Ren;Wenting Jiang;Kun Duan;Tapas Mishra","doi":"10.1109/TEM.2025.3554567","DOIUrl":"https://doi.org/10.1109/TEM.2025.3554567","url":null,"abstract":"As one of the most prominent cryptocurrencies, Bitcoin has been at the forefront of a major revolution in the financial and technological sectors. This study utilizes data from social media to extract the emotional tendencies of investors in the Bitcoin market and analyze differences in investor behavior under various emotional features. We find that when investors exhibit reluctance (such as Sadness and Fear) to buy Bitcoin, it is the opportune moment to invest and achieve returns higher than expected. Conversely, when the emotional tone of investors becomes positive (such as Joy and Love), indicating a tendency to invest, we choose to avoid investing. Our research has also revealed that such emotional cues can assist in better predicting returns in the Bitcoin market. Analyzing market emotions contributes to a deeper understanding of market fluctuations and investor behavior. Our findings help stakeholders recognize the role of subjective emotions in the market and provide them with prudent investment advice: avoid relying excessively on the feelings of others, as this may trigger investment losses.","PeriodicalId":55009,"journal":{"name":"IEEE Transactions on Engineering Management","volume":"72 ","pages":"1471-1485"},"PeriodicalIF":4.6,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143883521","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}