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Complex adaptive system theory,agent-based modeling,and simulation in dominant technology formation

Journal of Systems Engineering and Electronics 2024年第1期35卷 130-153页

作者： ZHANG Ruihan SUN Bing Glorious Sun school of business and management Donghua UniversityShanghai 200051China school of Economics and management Harbin Engineering UniversityHarbin 150001China

Dominant technology formation is the key for the hightech industry to“cross the chasm”and gain an established foothold in the market(and hence disrupt the regime).Therefore,a stimulus-response model is proposed to investigate the dominant technology by exploring its formation process and ***,based on complex adaptive system theory and the basic stimulus-response model,we use a combination of agent-based modeling and system dynamics modeling to capture the interactions between dominant technology and the socio-technical *** results indicate the following:(i)The dynamic interaction is“stimulus-reaction-selection”,which promotes the dominant technology’s formation.(ii)The dominant technology’s formation can be described as a dynamic process in which the adaptation intensity of technology standards increases continuously until it becomes the leading technology under the dual action of internal and external mechanisms.(iii)The dominant technology’s formation in the high-tech industry is influenced by learning ability,the number of adopting users and ***,a“critical scale”of learning ability exists to promote the formation of leading technology:a large number of adopting users can promote the dominant technology’s formation by influencing the adaptive response of technology standards to the socio-technical landscape and the choice of technology standards by the socio-technical *** is a minimum threshold and a maximum threshold for the role of adaptability in the dominant technology’s formation.(iv)The socio-technical landscape can promote the leading technology’s shaping in the high-tech industry,and different elements have different *** study promotes research on the formation mechanism of dominant technology in the high-tech industry,presents new perspectives and methods for researchers,and provides essential enlightenment for managers to formulate technology strategies.

关键词： complex adaptive system theory agent-based modeling and simulation dominant technology socio-technical landscape adaptation-choice

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Stimulating Start-up Investment Through Government-Sponsored Venture Capital: Theory and Chinese Evidence

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Journal of Systems Science & Complexity 2024年第5期37卷 2021-2053页

作者： NI Xuanming ZHENG Tiantian GAO Feng ZHAO Huimin school of Software and Microelectronics Peking University school of Economics and management Tsinghua University school of business Sun Yat-sen University

Government-sponsored venture capital(GVC) has been used to support financially constrained start-ups as an important policy tool in China. Typically, to motivate the social capital to invest in start-ups, GVC provides subsidies for them to bridge the funding gap in the early-stage venture capital market. However, the effect and mechanism of GVC affecting social capital investment have not been clearly studied. In this paper, the authors not only develop a game model to analyze this issue in theory, but conduct an empirical study by analyzing the 14741 records matched by propensity score matching(PSM) of Chinese venture capital market data from 2011 to 2021. The proposed findings are as the follows. Firstly, the subsidies offered by GVC will simultaneously increase the returns and risks of investments in start-ups of social capital with more volatile incentive effect of GVC. The incentive effect of GVC is only effective when the returns resulting from the subsidies outweigh the risks they introduce. In the context of the Chinese venture capital market, the incentive effect of GVC is effective. Secondly, the incentive effect of GVC is more pronounced in high-tech industries, which can be attributed to the signaling effect facilitated by GVC. In this context, the subsidy mainly helps social capital to bear the costs associated with screening potential investments. Thirdly, the incentive effect of GVC is more significant in underdeveloped venture capital markets, which can be explained by the “virtuous cycle” effect, in which GVC plays a pioneering role in establishing a more robust early-stage market trading system. By examining these three points, this study contributes to a better understanding of how GVC can effectively guide social capital investment, especially in the Chinese landscape.

关键词： Government-sponsored venture capital fund incentive effect social capital subsidy venture capital

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GMAT:A Graph Modeling Method for Group Preference Prediction

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Journal of Systems Science and Systems Engineering 2024年第4期33卷 475-493页

作者： Xiangyu Li Xunhua Guo Guoqing Chen International business school Jinan UniversityZhuhai519070China school of Economics and management Tsinghua UniversityBeijing100084China

Preference prediction is the building block of personalized services,and its implementation at the group level helps enterprises identify their target customers *** methods for preference prediction mainly focus on behavioral interactions to extract the associations between groups and products,ignoring the importance of other auxiliary records(e.g.,online reviews and social tags)in association *** paper proposes a novel method named GMAT for group preference prediction,aiming to collectively detect the sophisticated association patterns from user generated content(UGC)and behavioral *** doing so,we construct a tripartite graph to collaborate these two types of data,and design a deep-learning algorithm with mutual attention module for generating the contextualized representations of groups and *** experiments on two real-world datasets show that GMAT is superior to other baselines in terms of group preference ***,GMAT is able to improve prediction accuracy compared with its different variants,further verifying the proposed method’s effectiveness on association pattern detection.

关键词： Group preference UGC tripartite graph deep learning

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The Capital Market Reaction and the Influencing Mechanism of the Establishment of the Data Basic Institutional System

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Social Sciences in China 2024年第1期45卷 134-156页

作者： Liu Bai Zhang Ailian school of business and management Jilin University

This study uses a sample of A-share listed companies to investigate the impact of China's Data Basic Institutional System on capital market reactions and the mechanism by which it exerts *** findings reveal that within a 5-day period before and after the policy announcement,listed companies with high data resources experience a significantly higher abnormal return compared to those with low data ***,this difference becomes more pronounced as enterprise technology intensity ***,the policy enhances the capital market's perception of the value of data resources and its potential for generating multiplier *** tests confirm that post-implementation of the policy,the capital market reevaluates the long-term value of enterprises associated with data *** comprehensive examination contributes empirical evidence to support academic research,inform policy formulation,and guide strategic planning in relevantindustries.

关键词： data resources technology intensity market value event study abnormal return

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Coordination for a Closed-loop Supply Chain with Recycling Platform Considering Dynamic Setting

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Journal of Systems Science and Systems Engineering 2024年第4期33卷 425-451页

作者： Zehua Xiang Ting Ji Lingfeng Dong school of management Zhejiang UniversityHangzhou310058China school of business Hangzhou City UniversityHangzhou310015China Alibaba business College Hangzhou Normal UniversityHangzhou311121China

This paper presents a dynamic closed-loop supply chain(CLSC)model,incorporating a manufacturer,a retailer,and an internet recycling platform(IRP),utilizing differential game theory while considering the forgetting effect of *** model encompasses factors such as the quality level of used products and Big Data marketing(BDM),comparing optimal equilibriums under decentralized and cooperative decision *** effectively coordinate the dynamic CLSC at each time point,we propose a revenue-sharing and cost-sharing(RSCS)combined *** addition to ensuring reasonable sharing of revenues and costs,this contract allows the manufacturer to flexibly adjust wholesale prices for final products and transfer prices for used products in order to distribute profits appropriately and achieve Pareto optimality within the CLSC ***,our results indicate that there exists a threshold for Big Data marketing efficiency;high-efficiency BDM not only facilitates increased recycling on Internet platforms but also reduces unit recycling costs for ***,when implementing the combined contract,Big Data marketing efficiency does not impact the transfer price paid by manufacturers to Internet recycling platforms.

关键词： Big Data marketing differential game closed-loop supply chain coordination internet recycling platform

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A Superior Sales Mode for a Two-Echelon Supply Chain of Perishable Products

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Journal of Systems Science and Information 2024年第2期12卷 274-293页

作者： Mengqi BAO Xiaozhen DAI school of management Wenzhou Business CollegeWenzhou 325035China

This paper considers sales mode selection issues for a two-echelon supply chain of perishable products involving a supplier and a ***’purchase desire is assumed to be positive correlation with the freshness of the ***,the traditional sales mode is examined,in which the supplier and the retailer play a Stackelberg *** propose a three-layer decision model for this situation,and obtain dynamic pricing strategies and selling cycle *** is shown that the retailer has little motivation to order many perishable products so as to avoid a long selling cycle ***,the commission-charge mode is analyzed,in which the retailer declares its decision *** this mode,we demonstrate that the perishable product will be on sale during the whole shelf life under a certain *** correlation between the sales price of each stage and the remaining shelf-life length is ***,the superiority analysis for the two sales modes is *** show the relation between the selling cycle lengths of the two *** our analysis,it is shown that both the supplier and the retailer gain more profits when the commission-charge mode is adopted and the commission rate locates in a certain open ***,a numerical illustration is presented to visualize the discussed models,and some supplements are made for the acquired conclusions by the illustration.

关键词： pricing sales mode commission-charge mode selling cycle length superiority analysis

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Stock Markets,Financial Depth,and Economic Growth in China:Evidence from ARDLModel

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China Finance and Economic Review 2024年第1期13卷 88-111页

作者： Afef Bouattour Maha Kalai Kamel Helali higher Institute of business Administration of Sfax University of Sfax Faculty of Economics and management of Sfax University of Sfax

The relationship between financial development and economic growth in China is *** this perspective,this article aims to identify this relationship using both capital market and banking intermediation indicators,which were rarely considered in the previous *** autoregressive model with staggered lags(ARDL)examines the long-run cointegration relationship between 1980 and *** results suggest that the contribution of different subsectors of the Chinese financial system to economic growth *** development of the money market has a negative impact,whereas market capitalization has a positive impact on economic growth in *** the contribution of the banking system to China's economic growth,the two variables measuring the depth of financial institutions showed opposite impacts in both the short and long *** important policy implications,regulators need to ensure a pro-growth environment,effectively regulate the informal banking system,and prevent potential financial risks by revising policies.

关键词： stock markets financial depth economic growth China ARDL

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Dynamics of information diffusion and disease transmission in time-varying multiplex networks with asymmetric activity levels

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Chinese Physics B 2024年第3期33卷 690-699页

作者：谢笑笑霍良安董雅芳程英英 business school University of Shanghai for Science and TechnologyShanghai 200093China school of Intelligent Emergency management University of Shanghai for Science and TechnologyShanghai 200093China school of management Henan University of Science and TechnologyLuoyang 471023China

While the interaction between information and disease in static networks has been extensively investigated,many studies have ignored the characteristics of network *** this study,we construct a new two-layer coupling model to explore the interactions between information and *** upper layer describes the diffusion of disease-related information,and the lower layer represents the disease *** then use power-law distributions to examine the influence of asymmetric activity levels on dynamic propagation,revealing a mapping relationship characterizing the interconnected propagation of information and diseases among partial nodes within the ***,we derive the disease outbreak threshold by using the microscopic Markov-chain approach(MMCA).Finally,we perform extensive Monte Carlo(MC)numerical simulations to verify the accuracy of our theoretical *** findings indicate that the activity levels of individuals in the disease transmission layer have a more significant influence on disease transmission compared with the individual activity levels in the information diffusion ***,reducing the damping factor can delay disease outbreaks and suppress disease transmission,while improving individual quarantine measures can contribute positively to disease *** study provides valuable insights into policymakers for developing outbreak prevention and control strategies.

关键词： information diffusion disease transmission asymmetric activity levels quarantine strength

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Intercultural Trust in Global Contexts:Synthesizing a Western Nomological Approach with a Chinese Systems Approach

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Journal of Systems Science and Systems Engineering 2024年第2期33卷 162-186页

作者： Rong Du Mingqian Li Shizhong Ai Cathal MacSwiney Brugha Uirike Reisach school of Economics and management Xidian UniversityXi'an 710071China UCD school of business University College DublinDublinIreland Information management Department Neu-Ulm University of Applied SciencesBavariaGermany

Intercultural trust in global contexts plays a central role in helping people from different cultures to communicate comfortably,which is essential for *** to construct a framework that might foster international cooperation,and thus be helpful for coping with global emergencies,we relate a Western nomological approach to an Eastern systems approach to analyse intercultural trust in global *** cultural impacts on intercultural trust and the nomological framework of cultural differences,we propose an intercultural trust model to interpret how cultural differences influence trust.A qualitative study of Chinese-Irish interactions was conducted to interpret this *** organized 10 seminars on intercultural trust,and interviewed 16 people to further explore the respondents'deeper feelings and experiences about intercultural trust in global *** this study,we have identified factors impacting on intercultural trust,and found that intercultural trust can be developed and improved in various *** llustrate these ways,we have provided tactics and methods for building intercultural trust in global *** are highlighted for organizations to avoid cultural clashes and relevant political or economic risks.

关键词： Intercultural trust global contexts systems approach Western approach Chinese approach

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Studying the co-evolution of information diffusion,vaccination behavior and disease transmission in multilayer networks with local and global effects

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Chinese Physics B 2024年第3期33卷 677-689页

作者：霍良安武兵杰 business school University of Shanghai for Science and TechnologyShanghai 200093China school of Intelligent Emergency management University of Shanghai for Science and TechnologyShanghai 200093China

Today,with the rapid development of the internet,a large amount of information often accompanies the rapid transmission of disease outbreaks,and increasing numbers of scholars are studying the relationship between information and the disease transmission process using complex *** fact,the disease transmission process is very *** this information,there will often be individual behavioral measures and other factors to *** of the previous research has aimed to establish a two-layer network model to consider the impact of information on the transmission process of disease,rarely divided into information and behavior,*** carry out a more in-depth analysis of the disease transmission process and the intrinsic influencing mechanism,this paper divides information and behavior into two layers and proposes the establishment of a complex network to study the dynamic co-evolution of information diffusion,vaccination behavior,and disease *** is achieved by considering four influential relationships between adjacent layers in multilayer *** the information layer,the diffusion process of negative information is described,and the feedback effects of local and global vaccination are *** the behavioral layer,an individual's vaccination behavior is described,and the probability of an individual receiving a vaccination is influenced by two factors:the influence of negative information,and the influence of local and global disease *** the disease layer,individual susceptibility is considered to be influenced by vaccination *** state transition equations are derived using the micro Markov chain approach(MMCA),and disease prevalence thresholds are *** is demonstrated through simulation experiments that the negative information diffusion is less influenced by local vaccination behavior,and is mainly influenced by global vaccination behavior;vaccination behavior is mainly influenced by local d

关键词： information diffusion vaccination behavior disease transmission multilayer networks local and global effect

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