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Article
Publication date: 31 October 2023

Kai Zhang, Lingfei Chen and Xinmiao Zhou

Under the trend of global economic integration and the new context of stagflation, frequent fluctuations in international interest rates are exerting far-reaching impacts on the…

Abstract

Purpose

Under the trend of global economic integration and the new context of stagflation, frequent fluctuations in international interest rates are exerting far-reaching impacts on the world economy. In this paper, the transmission mechanism of the impact of fluctuations in international interest rates (specifically, the American interest rate) on the bankruptcy risk in China's pillar industry, the construction industry (which is also sensitive to interest rates), is examined.

Design/methodology/approach

Using an improved contingent claims analysis, the bankruptcy risk of enterprises is calculated in this paper. Additionally, an individual fixed-effects model is developed to investigate the mediating effects of international interest rates on the bankruptcy risk in the Chinese construction industry. The heterogeneity of subindustries in the industrial chain and the impact of China's energy consumption structure are also analysed in this paper.

Findings

The findings show that fluctuations in international interest rates, which affect the bankruptcy risk of China's construction industry, are mainly transmitted through two major pathways, namely, commodity price effects and exchange rate effects. In addition, the authors examine the important impact of China's energy consumption structure on risk transmission and assess the transmission and sharing of risks within the industrial chain.

Originality/value

First, in the research field, the study of international interest rate risk is extended to domestic-oriented industries. Second, in terms of the research content, this paper is focused on China-specific issues, including the significant influence of China's energy consumption structure characteristics and the risk contagion (and risk sharing) as determined by the current development of the Chinese construction industry. Third, in terms of research methods a modified contingent claim analysis approach to bankruptcy risk indicators is adopted for this study, thus overcoming the problems of data frequency, market sentiment and financial data fraud, which are issues that are ignored by most relevant studies.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 16 October 2009

Yifan Xing, Xice Sun, Diyang Chu, Zhi Wang and Jun Wu

This purpose of this paper is to present a new approach of solving quantum control problem.

Abstract

Purpose

This purpose of this paper is to present a new approach of solving quantum control problem.

Design/methodology/approach

State‐transition‐matrix (STM) is used to solute quantum control problem.

Findings

The paper obtains the matrix representation for wave function, normalization, and some other quantum operators, and then gives the possible methods to establish the STM model and solve it.

Originality/value

Based on this, many tools of the widely used control theory can be adopted to denote or analyze the quantum system.

Details

Kybernetes, vol. 38 no. 10
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 7 August 2017

Nan Zhou, Xiu-Xiu Zhan, Song Lin, Shang-Hui Yang, Chuang Liu, Gui-Quan Sun and Zi-Ke Zhang

Information carriers (including mass media and We-Media) play important roles in information diffusion on social networks. The purpose of this paper is to investigate changes in…

611

Abstract

Purpose

Information carriers (including mass media and We-Media) play important roles in information diffusion on social networks. The purpose of this paper is to investigate changes in the dissemination of information combing with data analysis.

Design/methodology/approach

This work analyzed nearly 200 years of coverage of different information carriers during different periods of human society, from the period of only mouth-to-mouth communication to the period of modern society. Information diffusion models are built to illustrate how the information dynamic changes with time and combined box office data of several movies to predict the process of information diffusion. In addition, a metric is defined to identify which information would become news in the future.

Findings

Results show that with the development of information carriers, information spreads faster and wider nowadays. The correctness of the metric proposed has been validated.

Research limitations/implications

The structure of social networks influences the dissemination of information. There are an enormous number of factors that influence the formation of hotspots.

Practical implications

The results and conclusion of this work will benefit by predicting the evolution of information carriers. The metric proposed will aid in searching hot news in the future.

Originality/value

This work may shed some light on a better understanding of information diffusion, spreading not only on social networks but also on the carriers used for the information spreading.

Details

The Electronic Library, vol. 35 no. 4
Type: Research Article
ISSN: 0264-0473

Keywords

Article
Publication date: 11 March 2019

Guoda Chen, Huafeng Yang, Huiqiang Cao, Shiming Ji, Xi Zeng and Qian Wang

For the climbing rod object with large diameter variation and the need of obstacle crossing, this paper aims to propose a new embracing-type climbing robot named as EVOC-I robot.

Abstract

Purpose

For the climbing rod object with large diameter variation and the need of obstacle crossing, this paper aims to propose a new embracing-type climbing robot named as EVOC-I robot.

Design/methodology/approach

The design philosophy and structural scheme are introduced. The kinematic analysis of embracing and telescoping mechanisms is carried out to provide the theoretical foundation for the effective climbing of the robot. Based on the prototype robot, three preliminary experiments are carried out to verify the effectiveness of the designed robot.

Findings

The theoretical and experimental analyses have verified the reasonability and effectiveness of the proposed robot design.

Research limitations/implications

As the preliminary study, the prototype still need a lot of improvement. The experimental verification is also limited. Future work will focus on improving the design and increasing the theoretical analysis, especially increasing experimental study and designing the next generation of the rod climbing robot.

Practical implications

The designed climbing robot can be used for climbing the rod with variation diameter and flange obstacle, especially the lightening rod in the transformer substation.

Originality/value

The paper designs a new climbing robot that integrates the ability of large variation diameter adaptation and obstacle crossing.

Details

Industrial Robot: the international journal of robotics research and application, vol. 46 no. 1
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 2 January 2018

Yubing Dong, Chen Qian, Jian Lu and Yaqin Fu

Epoxy (EP) and polye-caprolactone (PCL) are typical dual-shape memory polymer (DSMP). To get excellent triple-shape memory effect (TSME) polymer composites which are made from EP…

Abstract

Purpose

Epoxy (EP) and polye-caprolactone (PCL) are typical dual-shape memory polymer (DSMP). To get excellent triple-shape memory effect (TSME) polymer composites which are made from EP and PCL. Miscible PCL/EP blend composites have been investigated and compared to the TSMEs with electrospun PCL microfiber membranes/EP composites. Clay montmorillonite (MMT)-modified electrospun PCL microfiber membranes were prepared to improve the shape memory fixities of electrospun PCL microfiber membranes/EP composites.

Design/methodology/approach

The morphologies of electrospun PCL microfiber membranes and the cross section of PCL/EP composites were studied using a field emission scanning electron microscope (FE-SEM), and the existence of MMT was confirmed by a transmission electron microscope. Thermal mechanical properties were observed by a differential scanning calorimeter (DSC) and a dynamic thermomechanical analysis machine, and the TSMEs were also determined through dynamic mechanical analysis.

Findings

Results indicate that the TSMEs of electrospun PCL microfiber membranes/EP composites were excellent, whereas the TSMEs of PCL/EP blend composites were poor. The TSMEs of PCL electrospun microfiber membranes/EP composites significantly improved with the addition of the PCL electrospun microfiber modified with moderate MMT.

Research limitations/implications

Adding a moderate content of MMT into the electrospun PCL fibers, could improve the TSME of the PCL fiber membranes/EP composites. This study was to create a simple and effective method that can be applied to improve the performance of other SMP.

Originality/value

A novel triple-shape memory composite were made from dual-shape memory EP and electrospun PCL fiber membranes.

Details

Pigment & Resin Technology, vol. 47 no. 1
Type: Research Article
ISSN: 0369-9420

Keywords

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