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1 – 6 of 6Dan Qiao, Shuifa Ke, Xiaoxiao Zhang and Qiya Feng
The paper aims to explore the impact of marketization on forestry economic growth. Firstly, the development process of forestry marketization was summarized. Secondly, from the…
Abstract
Purpose
The paper aims to explore the impact of marketization on forestry economic growth. Firstly, the development process of forestry marketization was summarized. Secondly, from the three dimensions of forestry production factor marketization, production marketization and product marketization, the framework of marketization is constructed by the authors.
Design/methodology/approach
Based on the yearbook data from 1978 to 2016, the relationship between forestry marketization and forestry growth was demonstrated through multiple regression and Granger test in this paper.
Findings
The results showed that forestry marketization was one of the important driving factors that impacted on China's forestry economic growth. Since the reform and opening up, China's forestry marketization degree has been constantly strengthened, but there is still room for improvement. China has provided an important model as forestry marketization reform and development sample for the world.
Social implications
Many useful references and inspirations have been provided from China such as gradually promoting market-oriented reforms; paying attention to the important role of reform and opening up in the construction of market mechanism; dynamic coordination of market and government relations; developing and connecting the relationship between domestic and international market; and coordinating the development of forestry state-owned economy, private economy and mixed ownership economy.
Originality/value
This paper creates a measure index of forestry marketization from three dimensions of forestry production factor marketization, production marketization and product marketization.
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Md Nazirul Islam Sarker, Most Nilufa Khatun and GM Monirul Alam
The purpose of this paper is to explore the unique aspects of Islamic finance and its role in economic development. It also explores the suitability of Islamic finance in China.
Abstract
Purpose
The purpose of this paper is to explore the unique aspects of Islamic finance and its role in economic development. It also explores the suitability of Islamic finance in China.
Design/methodology/approach
The paper explores the potential of Islamic banking and finance for economic sustainability in China. This study adopts the content analysis approach and focuses on various aspects of finance. Moreover, a critical investigation has been done by using various indicators of a new finance system adoption by considering the economic, cultural, religious and political aspects of China.
Findings
The study reveals that China already tested Islamic finance on a pilot basis in Ningxia, China. China is suitably positioned to adopt Islamic finance for its economic development. It also reports that Islamic finance will be more helpful to implement One Belt One Road initiative of China, as the Gulf and Arab Islamic finance-based countries are the major partners of China. This study analyzes Islamic micro-finance literature and proposes suitable measures for adoption in China.
Practical implications
Despite some limitations, the findings have a large implication on Islamic financing in general. It will be helpful to researchers and practitioners to understand the Islamic finance model for implementing it in a new environment.
Social implications
This study analyzes the demand, rules and regulations, related challenges and potential of launching Islamic banking and finance in China.
Originality/value
This study analyzes the demand, rules and regulations, related challenges and potential of launching Islamic banking and finance in China. The paper fills a gap to the existing literature on Islamic finance uniqueness, challenges and opportunities from the perspective of a non-Muslim country.
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Hafiz Muhammad Athar Farid and Muhammad Riaz
The authors develop some prioritized operators named Pythagorean fuzzy prioritized averaging operator with priority degrees and Pythagorean fuzzy prioritized geometric operator…
Abstract
Purpose
The authors develop some prioritized operators named Pythagorean fuzzy prioritized averaging operator with priority degrees and Pythagorean fuzzy prioritized geometric operator with priority degrees. The properties of the existing method are routinely compared to those of other current approaches, emphasizing the superiority of the presented work over currently used methods. Furthermore, the impact of priority degrees on the aggregate outcome is thoroughly examined. Further, based on these operators, a decision-making approach is presented under the Pythagorean fuzzy set environment. An illustrative example related to the selection of the best alternative is considered to demonstrate the efficiency of the proposed approach.
Design/methodology/approach
In real-world situations, Pythagorean fuzzy numbers are exceptionally useful for representing ambiguous data. The authors look at multi-criteria decision-making issues in which the parameters have a prioritization relationship. The idea of a priority degree is introduced. The aggregation operators are formed by awarding non-negative real numbers known as priority degrees among strict priority levels. Consequently, the authors develop some prioritized operators named Pythagorean fuzzy prioritized averaging operator with priority degrees and Pythagorean fuzzy prioritized geometric operator with priority degrees.
Findings
The authors develop some prioritized operators named Pythagorean fuzzy prioritized averaging operator with priority degrees and Pythagorean fuzzy prioritized geometric operator with priority degrees. The properties of the existing method are routinely compared to those of other current approaches, emphasizing the superiority of the presented work over currently used methods. Furthermore, the impact of priority degrees on the aggregate outcome is thoroughly examined. Further, based on these operators, a decision-making approach is presented under the Pythagorean fuzzy set environment. An illustrative example related to the selection of the best alternative is considered to demonstrate the efficiency of the proposed approach.
Originality/value
The aggregation operators are formed by awarding non-negative real numbers known as priority degrees among strict priority levels. Consequently, the authors develop some prioritized operators named Pythagorean fuzzy prioritized averaging operator with priority degrees and Pythagorean fuzzy prioritized geometric operator with priority degrees. The properties of the existing method are routinely compared to those of other current approaches, emphasizing the superiority of the presented work over currently used methods. Furthermore, the impact of priority degrees on the aggregate outcome is thoroughly examined.
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This study aims to investigate the vulnerability of cold chain logistics through a comprehensive assessment and provide targeted control measures.
Abstract
Purpose
This study aims to investigate the vulnerability of cold chain logistics through a comprehensive assessment and provide targeted control measures.
Design/methodology/approach
The index system of the cold chain vulnerability assessment was established with knowledge obtained from three different dimensions, namely, exposure, sensitivity and adaptability. The final index weight was determined through combination of the intuitionistic fuzzy (IF) entropy and compromise ratio approaches, followed by the comprehensive vulnerability assessment through the two-stage grey comprehensive measurement model. The feasibility and effectiveness of the proposed method were verified by evaluation with SF, HNA, China Merchants and COFCO as target examples.
Findings
The results revealed that the most influential factors in the cold chain vulnerability problem were the temperature reaching the standard, as well as the storage and preservation levels; through their analysis combined with the overall cold chain vulnerability assessment, the targeted control measures were obtained.
Originality/value
Based on the research perspective of cold chain vulnerability assessment, a novel assessment model of cold chain logistics vulnerability was proposed, which is based on IF entropy two-stage grey comprehensive measurement. It provides more powerful theoretical support to improve the quality management of cold chain products.
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Mohammad Tahir Sabit Haji Mohammad
This paper aims to present an alternative to current banking systems. The purpose of the paper is the optimisation of the concept of cash waqf and its management in the framework…
Abstract
Purpose
This paper aims to present an alternative to current banking systems. The purpose of the paper is the optimisation of the concept of cash waqf and its management in the framework of a waqf bank and its viability.
Design/methodology/approach
The study is doctrinal and empirical. Several assumptions concerning the structure and operation of the bank are made, surveyed and descriptively analysed.
Findings
The concept of cash waqf could be used for the operation of a waqf bank. There was a tendency among the given group of practitioners towards a corporate international social bank, capitalised by the waqf and non-waqf assets, sought after from the public and private sectors, as well as the Muslims and non-Muslims.
Research limitations/implications
Assumptions are basic. Empirical findings are based on the perspective of waqf trustees. Other stakeholders’ perspectives need further research.
Practical implications
The study is expected to persuade for, and assist in the establishment of a waqf bank.
Social implications
This paper could contribute to the effectiveness of waqf institutions in their delivery of public good to the poor and society. These implications are not restricted to a specific country. Charities and the poor of any society may benefit from this study if the idea of total social banking is upheld.
Originality/value
This study is the first to address the structure and operation of a waqf bank empirically.
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Bushra Batool, Saleem Abdullah, Shahzaib Ashraf and Mumtaz Ahmad
This is mainly because the restrictive condition of intuitionistic hesitant fuzzy number (IHFN) is relaxed by the membership functions of Pythagorean probabilistic hesitant fuzzy…
Abstract
Purpose
This is mainly because the restrictive condition of intuitionistic hesitant fuzzy number (IHFN) is relaxed by the membership functions of Pythagorean probabilistic hesitant fuzzy number (PyPHFN), so the range of domain value of PyPHFN is greatly expanded. The paper aims to develop a novel decision-making technique based on aggregation operators under PyPHFNs. For this, the authors propose Algebraic operational laws using algebraic norm for PyPHFNs. Furthermore, a list of aggregation operators, namely Pythagorean probabilistic hesitant fuzzy weighted average (PyPHFWA) operator, Pythagorean probabilistic hesitant fuzzy weighted geometric (PyPHFWG) operator, Pythagorean probabilistic hesitant fuzzy ordered weighted average (PyPHFOWA) operator, Pythagorean probabilistic hesitant fuzzy ordered weighted geometric (PyPHFOWG) operator, Pythagorean probabilistic hesitant fuzzy hybrid weighted average (PyPHFHWA) operator and Pythagorean probabilistic hesitant fuzzy hybrid weighted geometric (PyPHFHWG) operator, are proposed based on the defined algebraic operational laws. Also, interesting properties of these aggregation operators are discussed in detail.
Design/methodology/approach
PyPHFN is not only a generalization of the traditional IHFN, but also a more effective tool to deal with uncertain multi-attribute decision-making problems.
Findings
In addition, the authors design the algorithm to handle the uncertainty in emergency decision-making issues. At last, a numerical case study of coronavirus disease 2019 (COVID-19) as an emergency decision-making is introduced to show the implementation and validity of the established technique. Besides, the comparison of the existing and the proposed technique is established to show the effectiveness and validity of the established technique.
Originality/value
Paper is original and not submitted elsewhere.
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