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Due to its high leverage nature, a bank suffers vitally from the credit risk it inherently bears. As a result, managing credit is the ultimate responsibility of a bank. In this chapter, we examine how efficiently banks manage their credit risk via a powerful tool used widely in the decision/management science area called data envelopment analysis (DEA). Among various existing versions, our DEA is a two-stage, dynamic model that captures how each bank performs relative to its peer banks in terms of value creation and credit risk control. Using data from the largest 22 banks in the United States over the period of 1996 till 2013, we have identified leading banks such as First Bank systems and Bank of New York Mellon before and after mergers and acquisitions, respectively. With the goal of preventing financial crises such as the one that occurred in 2008, a conceptual model of credit risk reduction and management (CRR&M) is proposed in the final section of this study. Discussions on strategy formulations at both the individual bank level and the national level are provided. With the help of our two-stage DEA-based decision support systems and CRR&M-driven strategies, policy/decision-makers in a banking sector can identify improvement opportunities regarding value creation and risk mitigation. The effective tool and procedures presented in this work will help banks worldwide manage the unknown and become more resilient to potential credit crises in the 21st century.

This chapter analyses the efficiency of African airlines using a two-stage network DEA (Data Envelopment Analysis) model. Network DEA models usually take into account the production process with intermediate inputs derived from the first stage and a second stage that departs from it. This fundamental feature enables one to view the airline production process as a carry-over activity. The analysis covers the 2010–2013 period. The relative efficiency ranks are presented and policy implications are derived.

The purpose of this paper is to propose a novel type of switched flux PM machines with two separate stators.

2D-FEA is employed to analyze the electromagnetic performance of the proposed machines. Moreover, the results are validated by experiments.

The proposed machine has higher torque density, less unbalanced magnetic force on the modulating steel piece and uses less PM volume.

The proposed machine is a low-cost novel topology with different rotor pole combinations.

The purpose of this paper is to investigate the influence of end‐effect and cross‐coupling on the torque‐speed characteristics of switched flux permanent magnet (SFPM) machines.

The torque‐speed characteristics are predicted using two different methods. These are direct and indirect finite element methods, at different cross‐coupling levels, namely, full cross‐coupling on both PM flux linkage and dq‐axis inductances, partial cross‐coupling on the PM flux linkage only and without cross‐coupling.

The influence of the cross‐coupling on dq‐axis inductances of the studied machine is relatively small. However, it is more significant on the PM flux linkage. Therefore, the partial cross‐coupling model, which is much easier and faster, exhibits almost the same accuracy as the full cross‐coupling model. Furthermore, the end‐effect causes a large reduction in torque‐speed characteristics. However, such a reduction is more significant in the flux weakening operation region.

This is the first time that the influence of end‐effect of SFPM machines on the torque‐speed characteristics, especially in flux weakening region, and on the dq‐axis inductances has been investigated.

Fractional slot permanent magnet (PM) brushless machines having concentrated non‐overlapping windings have been the subject of research over last few years. They have already been employed in the commercial hybrid electric vehicles (HEVs) due to high‐torque density, high efficiency, low‐torque ripple, good flux‐weakening and fault‐tolerance performance. The purpose of this paper is to overview recent development and research challenges in such machines in terms of various structural and design features for electric vehicle (EV)/HEV applications.

In the paper, fractional slot PM brushless machines are overviewed according to the following main and sub‐topics: first, machine topologies: slot and pole number combinations, all and alternate teeth wound (double‐ and single‐layer windings), unequal tooth structure, modular stator, interior magnet rotor; second, machine parameters and control performance: winding inductances, flux‐weakening capability, fault‐tolerant performance; and third, parasitic effects: cogging torque, iron loss, rotor eddy current loss, unbalanced magnetic force, acoustic noise and vibration.

Many fractional slot PM machine topologies exist. Owing to rich mmf harmonics, fractional slot PM brushless machines exhibit relatively high rotor eddy current loss, potentially high unbalanced magnetic force and acoustic noise and vibration, while the reluctance torque component is relatively low or even negligible when an interior PM rotor is employed.

This is the first overview paper which systematically reviews the recent development and research challenges in fractional‐slot PM machines. It summarizes their various structural and design features for EV/HEV applications.

Food choices profoundly affect one's dietary, nutritional and health outcomes. Using alcoholic beverages as a case study, the authors assess the potential of genetic data in predicting consumers' food choices combined with conventional socio-demographic data.

A discrete choice experiment was conducted to elicit the underlying preferences of 484 participants from seven provinces in China. By linking three types of data (—data from the choice experiment, socio-demographic information and individual genotyping data) of the participants, the authors employed four machine learning-based classification (MLC) models to assess the performance of genetic information in predicting individuals' food choices.

The authors found that the XGBoost algorithm incorporating both genetic and socio-demographic data achieves the highest prediction accuracy (77.36%), significantly outperforming those using only socio-demographic data (permutation test p-value = 0.033). Polygenic scores of several behavioral traits (e.g. depression and height) and genetic variants associated with bitter taste perceptions (e.g. TAS2R5 rs2227264 and TAS2R38 rs713598) offer contributions comparable to that of standard socio-demographic factors (e.g. gender, age and income).

This study is among the first in the economic literature to empirically demonstrate genetic factors' important role in predicting consumer behavior. The findings contribute fresh insights to the realm of random utility theory and warrant further consumer behavior studies integrating genetic data to facilitate developments in precision nutrition and precision marketing.

The paper purposes a novel SFPM machine topology with radial and circumferential permanent magnets (PMs). The paper aims to discuss this issue.

In order to reduce the flux leakage in the stator-outer region and consequently achieve higher magnetic material utilization in switched flux permanent magnet (SFPM) machine, a novel topology with radial and circumferential PMs is proposed. This topology (SFRCPM) has the same structure as conventional SFPM (CSFPM) machine except of the additional set of radially magnetized PMs located around the back iron and surrounded by a laminated ring frame. Using finite element analysis (FEA) the influence of the design parameters on the performance is investigated in order to obtain an effective optimization procedure. Internal and external rotor SFRCPM machines with either NdFeB or ferrite magnets are investigated, optimized and compared with the CSFPM machine having the same size, copper loss and stator/rotor pole combination.

It is concluded that comparing SFRCPM with its CSFPM machine counterpart, internal rotor SFRCPM machine can achieve high PM flux-linkage per magnet volume, however reduced slot area leads to low output torque, whereas external rotor SFRCPM machine can produce higher torque and torque per magnet volume.

This paper proposes a novel SFPM machine topology.

This paper aims to provide an overview of the recent developments and new topologies of single-phase moving magnet linear oscillating actuators (MMLOAs). The key advantage of the MMLOA when compared with conventional LOA is the absence of screws, gears and crankshaft mechanism, which results in fewer mechanical parts, simple structure, easy fabrication, lower noise levels and negligible frictional losses.

The review included papers up to August 2021. The structural designs of alternative topologies are deliberated in detail, and their relative merits and demerits are evaluated. Specific design issues, including pole and tooth number combinations, stroke length, magnet pole ratio and split ratio, are investigated. The imperative phenomena of the resonance, as well as the adjustable stroke, are also discussed in detail.

The electromagnetic performance in terms of thrust force of selected MMLOA topologies is compared. It is observed that the MMLOA with flux bridge topology has the highest thrust force of 365 N because of the large volume of the permanent magnets (PMs) used, which consequently increased the mass of the mover but based on overall performance analysis, single-phase end ferromagnetic Halbach surface-mounted PM LOA has the highest efficiency around 92%.

This review provides a comparative analysis for different tubular MMLOA topologies based on design construction and their electromagnetic performances.