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Abstract

Details

An Introduction to Algorithmic Finance, Algorithmic Trading and Blockchain
Type: Book
ISBN: 978-1-78973-894-0

Abstract

Details

An Introduction to Algorithmic Finance, Algorithmic Trading and Blockchain
Type: Book
ISBN: 978-1-78973-894-0

Book part
Publication date: 15 December 1998

J.D. Addison and B.G. Heydecker

This paper investigates the temporal inflow profile that minimises the total cost of travel for a single route. The problem is formulated to consider the case in which the total…

Abstract

This paper investigates the temporal inflow profile that minimises the total cost of travel for a single route. The problem is formulated to consider the case in which the total demand to be serviced is fixed. The approach used here is a direct calculation of the first order variation of total system cost with respect to variations in the inflow profile. Two traffic models are considered; the bottleneck with deterministic queue and the kinematic wave model. For the bottleneck model a known solution is recovered. The wave model proves more difficult and after eliminating the possibility of a smooth inflow profile the restricted case of constant inflow is solved. As the space of possible profiles is finite dimensional in this case, the standard techniques of calculus apply. We establish a pair of equations that are satisfied simultaneously by the optimal inflow and time of first departure.

Details

Mathematics in Transport Planning and Control
Type: Book
ISBN: 978-0-08-043430-8

Book part
Publication date: 3 February 2015

Reuven Levary

A nurse home care scheduling system is described. The objective is to provide medical care at patients’ homes using the fewest number of nurses possible to deliver the required…

Abstract

A nurse home care scheduling system is described. The objective is to provide medical care at patients’ homes using the fewest number of nurses possible to deliver the required care. The heuristic scheduling system is easy to implement as a computerized adaptive system. As such, it is easy to use on a daily basis and easy to update as new data related to completed treatment and new requests are obtained. A case study illustrates the advantages of implementing such a system.

Details

Applications of Management Science
Type: Book
ISBN: 978-1-78441-211-1

Keywords

Abstract

Details

An Introduction to Algorithmic Finance, Algorithmic Trading and Blockchain
Type: Book
ISBN: 978-1-78973-894-0

Open Access
Article
Publication date: 4 June 2024

Yajing Zheng and Dekun Zhang

The purpose of this paper is to eliminate the fluctuations in train arrival and departure times caused by skewed distributions in interval operation times. These fluctuations…

Abstract

Purpose

The purpose of this paper is to eliminate the fluctuations in train arrival and departure times caused by skewed distributions in interval operation times. These fluctuations arise from random origin and process factors during interval operations and can accumulate over multiple intervals. The aim is to enhance the robustness of high-speed rail station arrival and departure track utilization schemes.

Design/methodology/approach

To achieve this objective, the paper simulates actual train operations, incorporating the fluctuations in interval operation times into the utilization of arrival and departure tracks at the station. The Monte Carlo simulation method is adopted to solve this problem. This approach transforms a nonlinear model, which includes constraints from probability distribution functions and is difficult to solve directly, into a linear programming model that is easier to handle. The method then linearly weights two objectives to optimize the solution.

Findings

Through the application of Monte Carlo simulation, the study successfully converts the complex nonlinear model with probability distribution function constraints into a manageable linear programming model. By continuously adjusting the weighting coefficients of the linear objectives, the method is able to optimize the Pareto solution. Notably, this approach does not require extensive scene data to obtain a satisfactory Pareto solution set.

Originality/value

The paper contributes to the field by introducing a novel method for optimizing high-speed rail station arrival and departure track utilization in the presence of fluctuations in interval operation times. The use of Monte Carlo simulation to transform the problem into a tractable linear programming model represents a significant advancement. Furthermore, the method’s ability to produce satisfactory Pareto solutions without relying on extensive data sets adds to its practical value and applicability in real-world scenarios.

Article
Publication date: 10 June 2024

Phong Ba Le, Dat Tho Tran, Huong Tran Lan and Huong Thi Lan Tran

Given the importance of identifying the antecedents of innovation for firms to follow and achieve it, the purpose of this paper is to investigate the effect of inclusive…

Abstract

Purpose

Given the importance of identifying the antecedents of innovation for firms to follow and achieve it, the purpose of this paper is to investigate the effect of inclusive leadership (IL) and knowledge sharing (KS) on ambidextrous innovation capabilities, namely exploratory and exploitative innovation. It also explores the possible moderating role of environmental uncertainty in the relationship between KS and ambidextrous innovation.

Design/methodology/approach

This study used structural equation modeling (SEM) to examine the relationship among latent factors in the proposed research model based on the data gathered from 118 manufacturing and service firms.

Findings

The empirical findings support the significant and positive impact of IL on exploratory and exploitative innovation through the mediating role of KS. It highlights the moderating mechanism of environmental uncertainty in fostering the relationship between KS and ambidextrous innovation.

Research limitations/implications

To gain a deeper understanding of the benefits and important role of knowledge resources, future research should investigate the potential role of IL practices in creating a KS culture for promoting specific forms of innovation such as open innovation or frugal innovation.

Practical implications

The paper provides a valuable understanding and novel approach for managers and directors of firms in developing and emerging countries to improve ambidextrous innovation by practicing IL for fostering KS in organizations.

Originality/value

The paper is unique in its attempts to bridge the research gaps in the literature and provide deeper insights on the mediating role of KS and the moderating effect of environmental uncertainty in pursuing both exploratory and exploitative innovation.

Details

Journal of Management Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0262-1711

Keywords

Article
Publication date: 30 May 2024

Baharak Hooshyarfarzin, Mostafa Abbaszadeh and Mehdi Dehghan

The main aim of the current paper is to find a numerical plan for hydraulic fracturing problem with application in extracting natural gases and oil.

Abstract

Purpose

The main aim of the current paper is to find a numerical plan for hydraulic fracturing problem with application in extracting natural gases and oil.

Design/methodology/approach

First, time discretization is accomplished via Crank-Nicolson and semi-implicit techniques. At the second step, a high-order finite element method using quadratic triangular elements is proposed to derive the spatial discretization. The efficiency and time consuming of both obtained schemes will be investigated. In addition to the popular uniform mesh refinement strategy, an adaptive mesh refinement strategy will be employed to reduce computational costs.

Findings

Numerical results show a good agreement between the two schemes as well as the efficiency of the employed techniques to capture acceptable patterns of the model. In central single-crack mode, the experimental results demonstrate that maximal values of displacements in x- and y- directions are 0.1 and 0.08, respectively. They occur around both ends of the line and sides directly next to the line where pressure takes impact. Moreover, the pressure of injected fluid almost gained its initial value, i.e. 3,000 inside and close to the notch. Further, the results for non-central single-crack mode and bifurcated crack mode are depicted. In central single-crack mode and square computational area with a uniform mesh, computational times corresponding to the numerical schemes based on the high order finite element method for spatial discretization and Crank-Nicolson as well as semi-implicit techniques for temporal discretizations are 207.19s and 97.47s, respectively, with 2,048 elements, final time T = 0.2 and time step size τ = 0.01. Also, the simulations effectively illustrate a further decrease in computational time when the method is equipped with an adaptive mesh refinement strategy. The computational cost is reduced to 4.23s when the governed model is solved with the numerical scheme based on the adaptive high order finite element method and semi-implicit technique for spatial and temporal discretizations, respectively. Similarly, in other samples, the reduction of computational cost has been shown.

Originality/value

This is the first time that the high-order finite element method is employed to solve the model investigated in the current paper.

Details

Multidiscipline Modeling in Materials and Structures, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1573-6105

Keywords

Article
Publication date: 13 June 2024

Ryley McConkey, Nikhila Kalia, Eugene Yee and Fue-Sang Lien

Industrial simulations of turbulent flows often rely on Reynolds-averaged Navier-Stokes (RANS) turbulence models, which contain numerous closure coefficients that need to be…

Abstract

Purpose

Industrial simulations of turbulent flows often rely on Reynolds-averaged Navier-Stokes (RANS) turbulence models, which contain numerous closure coefficients that need to be calibrated. This paper aims to address this issue by proposing a semi-automated calibration of these coefficients using a new framework (referred to as turbo-RANS) based on Bayesian optimization.

Design/methodology/approach

The authors introduce the generalized error and default coefficient preference (GEDCP) objective function, which can be used with integral, sparse or dense reference data for the purpose of calibrating RANS turbulence closure model coefficients. Then, the authors describe a Bayesian optimization-based algorithm for conducting the calibration of these model coefficients. An in-depth hyperparameter tuning study is conducted to recommend efficient settings for the turbo-RANS optimization procedure.

Findings

The authors demonstrate that the performance of the k shear stress transport (SST) and generalized k (GEKO) turbulence models can be efficiently improved via turbo-RANS, for three example cases: predicting the lift coefficient of an airfoil; predicting the velocity and turbulent kinetic energy fields for a separated flow; and, predicting the wall pressure coefficient distribution for flow through a converging-diverging channel.

Originality/value

To the best of the authors’ knowledge, this work is the first to propose and provide an open-source black-box calibration procedure for turbulence model coefficients based on Bayesian optimization. The authors propose a data-flexible objective function for the calibration target. The open-source implementation of the turbo-RANS framework includes OpenFOAM, Ansys Fluent, STAR-CCM+ and solver-agnostic templates for user application.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 12 June 2024

Yu Qiao, Lirong Jian and Hechang Cai

To overcome the limitations of traditional multi-attribute decision making (MADM) methods, which only provide deterministic rankings of decision objects, this paper proposes a…

Abstract

Purpose

To overcome the limitations of traditional multi-attribute decision making (MADM) methods, which only provide deterministic rankings of decision objects, this paper proposes a novel multi-attribute 3WD model. This model presents three-parameter interval grey number decision-theoretic rough sets (TPIGNDTRSs), aiming to offer a reasoned interpretation of loss functions in grey environments and ensure objective assessment of conditional probabilities.

Design/methodology/approach

Firstly, the traditional equivalence relation is replaced with the probabilistic dominance relation (PDR), categorizing decision objects into two state sets in DTRS for more objective conditional probabilities. Secondly, as the three-parameter interval grey number (TPIGN) introduces the most probable value on the basis of the traditional two-parameter interval grey number, it provides a more comprehensive method for describing grey information. Consequently, integrating TPIGN into DTRS refines the interpretations of loss functions in grey environments. Finally, by utilizing two main sorting techniques, relative kernel and degree of accuracy ranking and possibility ranking, two types of 3WD rules with TPIGNDTRSs, are constructed.

Findings

This study has successfully developed and validated a new multi-attribute 3WD model. The model was tested in two distinct domains: evaluating innovation efficiency in high-tech enterprises and recommending movies in a practical case. The findings reveal that the model can effectively integrate relevant information of high-tech enterprises, provide the government with enterprise-level assessments, and gather consumer preferences to recommend the most suitable movies.

Research limitations/implications

This study treats the loss function as grey information in the 3WD model but overlooks the grey nature of evaluation values, limiting its applicability. Additionally, the model’s reliance on subjective expert judgments and historical data to establish the loss function may affect its objectivity. The implications of this research are that the novel model overcomes traditional MADM limitations, enhancing decision-making quality and efficiency in complex and grey scenarios. The model’s successful application in evaluating high-tech enterprises and recommending movies illustrates its dual value in both theory and practice.

Originality/value

Initially, the model proposed in this study is of significant importance for the development of the 3WD field, as it successfully addresses the challenges of uncertain loss functions and unknown conditional probabilities in grey information environments. Moreover, by integrating the 3WD model with MADM problems, it has broken through the bottlenecks of traditional MADM methods, offering new perspectives and strategies for solving MADM issues. Therefore, this research not only advances theoretical research but also provides powerful tools for practical applications.

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