Shou Chen

• Hunan University

This paper explores the optimization for the integrated vehicle routing of package collection and delivery in rural areas, based on the coverage idea and customer self-pickup strategy. The purpose is to optimize package collection and delivery in rural areas with the scattered and small-scale demand for the express service. An integrated vehicle ro...

Many researchers have examined the relationship between the original equipment manufacturer (OEM) and the third-party remanufacturer (TPR) and found that is mutually beneficial or competitive. This paper aims to study the competitive strategy and production strategy of the OEM and the TPR. The OEM’s competitive strategy is to change their competiti...

Public-private partnership (PPP) projects have played a critical role in providing infrastructure products and services in China. However, an efficient discounting criterion for PPP projects is still lacking, since the current constant discounting approach is independent of PPP projects’ risk characteristics. This study investigates the impact of m...

It is widely recognized that the evaluation of risky projects critically depends on how the riskiness of future benefits is treated. Standard discounting theories are based on the assumption that risks that are uncorrelated with aggregate risk are diversified, so that projects’ idiosyncratic risk is not priced. However, this may not be true for lon...

We study the consumption and portfolio decisions by incorporating mortality risk and altruistic factor in the classical model of Merton (Rev Econ Stat 51:247–257, 1969; J Econ Theory 3:373–413, 1971) and Yaari (Rev Econ Stud 32(2):137–150, 1965). We find that besides the present-biased preference, the process of updating mortality information may b...

With the shortage of global resources and the call for sustainable development, the remanufacturing supply chain and the corporate social responsibility of enterprises have attracted extensive attention from scholars. This paper studies a manufacturer-retailer corporate social responsibility (CSR) remanufacturing supply chain in which the manufactu...

This book aims to provide readers with the current information, development, and trend in time series analysis, particularly in time series data patterns, technical methodologies, and real-world applications. Specifically, this book is divided into three sections and each section include two chapters. Section 1 discusses analyzing multivariate and...

Based on daily data about Bitcoin and six other major financial assets (stocks, commodity futures (commodities), gold, foreign exchange (FX), monetary assets, and bonds) in China from 2013 to 2017, we use a VAR-GARCH-BEKK model to investigate mean and volatility spillover effects between Bitcoin and other major assets and explore whether Bitcoin ca...

Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains intertemporal choices. In this study, we demonstrate that completely and partially sophisticated individuals who are aware of their shifting preferences over time may exhibit sub-additive discoun...

This paper considers the problem of instantaneous certainty-equivalent (ICE) discountrate when future return on capital is uncertain. We show that the ICE discount rate equals the expected return under atransformed risk-adjusted probability measure. Our approach allows us to analyze theICE discount rate regardless of the distribution of future retu...

It is normal for enterprises to engage in remanufacturing nowadays. Nevertheless, the concern of enterprises and researchers is whether remanufacturers should compete for leadership in supply chains. Considering the WTP for new and remanufactured products differs, this article the evolutionary game theory model in three structures of leadership in...

Global warming has become a growing concern for countries around the world. Currently, the direct way to solve this issue is to curb carbon emissions. Governments and enterprises should assume the social responsibility to conserve the environment. Under the background of carbon emission constraint, this article investigates the optimal decisions of...

The constantly increasing CO2 emissions are threatening the environment tremendously. Facing the pressure of environmental activists and public opinion, businesses and governments are taking action to reduce carbon emissions. Among these endeavors, carbon tax and subsidy policies proposed by governments are widely adopted. Remanufacturing is believ...

This article investigates the order problem in a two-stage supply chain consisting of retailers, primary suppliers and backup suppliers. From retailers’ perspectives, the optimal offering strategies in unidirectional transshipments are analyzed on the basis of disruption risks in supply chains. With a focus on retailers’ profits, it develops the de...

This article compares a normal and a reverse supply chain in the Betrand Competition. Each supply chain consists of a retailer and an exclusive supplier with stable partnership. The two chains compete with each other in three competition structures: the Centralized Competition Game, the Hybrid Competition Game (including two cases), and the Decentr...

In a remanufacturing system, the uncertain quality of the product returns tends to impact the manufacturer’s price of returns and remanufacturing. This article introduces the quality coefficient of waste products on the basis of the analysis of the structure of the remanufacturing cost. It explores the remanufacturing cost function, the recycling p...

The paper investigates interactions in a two-period closed-loop supply chain consisting of a single manufacturer and a single remanufacturer. In the context of recycling and remanufacturing by the remanufacturer, the manufacturer and remanufacturer choose different production strategies. By comparing the costs, profits and equilibrium quantity of s...

We investigate the interaction among stocks in the US market over various time horizons from a network perspective. Unlike the high-frequency data-driven multiscale correlation networks used in previous works, we propose method-driven multiscale correlation networks that are constructed by wavelet analysis and topological methods of minimum spannin...

Enterprises have assigned increasing importance to remanufacturing, and meanwhile, the competitiveness of remanufacturing has also become established. In this article, game theory is exploited and government subsidies for remanufacturing, consumer willingness to pay and recycling competition are considered, with a focus on a supply chain consisting...

The increased awareness of the need for protecting the environment and policies relating to carbon emissions has resulted in manufacturers viewing carbon emissions as one of the most critical elements affecting production decisions. As a gradually maturing production form, remanufacturing plays an increasingly pivotal role in economy, environment a...

The government as a policy maker wishing to promote remanufacturing and proper disposal of hazardous old products which are harmful to environment has taken many actions, ranging from carbon regulation and financial incentives such as trade-in subsidy. However, carbon tax can result in loss of profit for firms to some degree, so the government has...

Supply chain disruption causes tremendous loss to supply chains and global businesses. Organizational structure and operational features of supply chain networks, therefore, constitute a major portion of research for coping with supply chain disruption risk. This article first discusses the theoretical foundation, analyses the strength theory of st...

This paper investigates various supply chain disruptions in terms of scenario planning, including node disruption and chain disruption; namely, disruptions in distribution centers and disruptions between manufacturing centers and distribution centers. Meanwhile, it also focuses on the simultaneous disruption on one node or a number of nodes, simult...

This article formulates a gaming model of the closed-loop supply chain with manufacturers (as the leader), sellers and consumers where consumers may or may not be willing to pay remunerative price for remanufactured products vis-à-vis new products. In the model, manufacturers produce new as well as remanufactured products, whereas sellers distribut...

This article explores the equilibrium behaviour of a basic supplier–retailer distribution channel under demand disruption via effort and revenue sharing contract. This differs from the traditional supply chain coordination model. Firstly, demand is simultaneously affected by retail price and nonprice marketing effort from manufacturers and retailer...

This paper explores a coordination model for a three-echelon supply chain including two different manufacturers, one distributer and one retailer via the combined option and back contracts. And one manufacturer provides the high wholesale price with low supply disruption risk and the other is completely the opposite. This differs from the previous...

The emergent events exert a significant impact on the corporate production, social stability, and economic prosperity. As the direct result of various emergent events, supply chain disruption brings multiple influences to the node enterprises in the supply chain and the supply chain as a whole. This study investigates the complexity of supply chain...

Based on the hurricane evacuation process, the dynamic characteristics of hurricane disaster risk were analyzed. The degree of harm and endanger regional are the two aspects of dynamic characteristics of hurricane disaster risk and by use the hurricane center and hurricane levels, the risk measurement method for a given point was proposed. The new...

This book discusses important issues related to managing supply chain disruption risks from various perspectives. It explores the essence and principles relating to managing these risks and provides the framework and multi-goal model groups for managing such risks. The book also discusses research development of managing supply chain disruptive ris...

Based on a time-varying copula approach and the minimum spanning tree (MST) method, we propose a time-varying correlation network-based approach to investigate dynamics of foreign exchange (FX) networks. In piratical terms, we choose the daily FX rates of 42 major currencies in the international FX market during the period of 2005–2012 as the empir...

We study finite horizon consumption and portfolio decisions of time-inconsistent individuals by incorporating the stochastic hyperbolic preferences of Harris and Laibson (2013) into the classical model of Merton (1969 and 1971) with constant relative risk aversion (CRRA). We obtain closed-form solutions for optimal consumption and portfolio choices...

Foreign direct investment (FDI) plays a crucial role in supply chain links. This paper aims to expound the status quo of FDI in China and the policies and measures adopted by Chinese government to attract foreign direct investment. On such a basis, extreme bounds analysis (EBA) is applied, three core variables and five conditional variables are sel...

We supply a new perspective to describe and understand the behavior of cross-correlations between energy and emissions markets. Namely, we investigate cross-correlations between oil and gas (Oil-Gas), oil and CO2 (Oil-CO2), and gas and CO2 (Gas-CO2) based on fractal and multifractal analysis. We focus our study on returns of the oil, gas, and CO2 d...

In this study, we first build two empirical cross-correlation matrices in the US stock market by two different methods, namely the Pearson’s correlation coefficient and the detrended cross-correlation coefficient (DCCA coefficient). Then, combining the two matrices with the method of random matrix theory (RMT), we mainly investigate the statistical...

We investigate the statistical properties of the foreign exchange (FX) network at different time scales by two approaches, namely the methods of detrended cross-correlation coefficient (DCCA coefficient) and minimum spanning tree (MST). The daily FX rates of 44 major currencies in the period of 2007–2012 are chosen as the empirical data. Based on t...

Enterprise working capital management determines the enterprise market competition efficiency and management efficiency to a great extent, how to configure working capital and make it generate a positive impact on the market competition effect in financial engineering is worth further discussion. This paper from turnover capacity and liquidity two...

This paper classifies the Chinese listed companies according to CSRC’ s industry classification standard, and conducts an empirical study on the capital structure's effect on firm's product market competitive performance based on the data of the listed companies in China A share market from 1996 to 2009. Empirical results reveal that capital struct...

Financial frictions in capital market affect the impact of firms' cash holdings in product market competition. Based on the measure of financial constrain and hedging needs, we analyze the effects of these two factors in the effects of firms'cash holdings. It shows that financially constrained firms will get more market share if they hold more cash...

This paper proposes that sales and demands information are equally important in the supply chain. It discusses the role of factors in chorological forecasting and puts forth the supply chain collaborative forecasting methods based on factors and presents the relevant empirical studies. In the light of the historical actual sales data, factors of Sp...

This paper proposes a new hierarchical economic information filtering model for vendor selection, consisting of three phases in which leading enterprises select their vendors, namely, the phase of collecting and releasing information, the phase of selecting vendors and the phase of dynamic rating of vendors. Rating and search criteria are different...

This paper presents AVE and CPFR concepts and their characteristics, establishes and analyzes the AVE-based CPFR working flow, and illustrates the content of the grid resource management and the mission in relation to the corresponding grid resource management system. It focuses on the working flow of the AVE-based CPFR. On this basis, it proposes...

Facing the complicated non-linear nature of risk evolutions, current risk measurement approaches offer insufficient explanatory power and limited performance. Thus this paper proposes wavelet decomposed non-linear ensemble value at risk (WDNEVaR), a novel semi-parametric paradigm, incorporating both, wavelet analysis and artificial neural network t...

This paper investigates the source and treatment of supply chain collaborative information in terms of Information Theory. It indicates that that the supply chain collaboration is one part of economic activities and that the supply chain collaborative information is one part of economic information. It proposes the hierarchy and main representation...

Stock trading activity is very important to market volatility. The particular market environment of China makes the internal reason of trading volume change more complicated. In order to test how trading activities are driven, we use a vector autoregressive and impulse-response function methodology. First, we study the intertemporal relationship be...

This paper proposes the supply chain collaborative forecasting methods on the basis of factors and presents the relevant empirical studies. In the light of the past actual sales data, factors of Spring Festival transportation, shutting down for examinations and repairs and minor repairs are extracted and quantified in different hierarchies and doma...

This paper establishes a new hierarchical economic information filter model of supplier selection by analyzing the development process of the supplier selection methods as well as the historic criterion system and on the basis of the results of multiple turns of investigating and interviewing the management staff in different manufacturing enterpri...

This paper explicates the criterion system weighting and importance sequence of supplier selection synthetically, in terms of hierarchy economic information filtering model, multiple turns of feedback from the management staff in manufacturing industries as well as analytic hierarchy process. Hierarchy economic information filtering model helps inc...

Collaborative credit granting is a key link in the operation of Agile Virtual Enterprise (AVE) chain and its supply chain. This paper first analyzes the measurement model of modern credit risk, and then it pro- poses the selection model of collaborative credit-granting guaranty techniques grounded on capital property pricing, and some important con...

Collaborative credit granting is a vital link in the operation of AVE chain and its supply chain. This paper first analyzes the measurement model of modern credit risk, and then it puts forth the selection model of collaborative credit-granting guaranty approaches on the basis of capital property pricing, and some corresponding conclusions are furt...

Motivated by the goal of discovering more accurate characteristics of Chinese stock market, this paper investigates the power-law properties and criticality of the Shanghai Securities Exchange Compound Index (SSEECI) with two benchmarks of 5-min and 1-day database. We find that the center profile of returns distribution is well described by Levy re...

There exist inclination and selection processes in enterprises' front collaboration based on Agile Virtual Enterprises (AVE) and Collaborative Planning, Forecasting and Replenishment (CPFR) mechanisms. This paper analyzes the existing configurations and dynamic features of AVE collaborations; and it also explicates enterprises' management patterns...

With the rapid development of the global economy in the last two decades have come intensified price fluctuations in the metals markets due to uneven product distribution and inadequate productivity. Risk management techniques such as value at risk (VaR) have been demanded and have increasingly become the basis of planning for the nonferrous metal...

As the global economic environment changes and information technology develops, demand has been oriented to individuality and diversity, product life-cycles have been shortened, and market uncertainty has greatly increased. Thus it is very difficult for the conventional pyramid-like construction to respond to market changes very quickly. The change...

The agile virtual enterprise (AVE) is a new and effective corporate organizational and production concept in the virtual economic environment; collaborative planning, forecasting and replenishment (CPFR) is a scheme in which enterprise partners can pursue collaborative supply chains by sharing information, thus making it a forceful supplement for t...

With the development of technology and financial engineering tools, oil markets are more competitive and volatile than ever before. This places the accurate and reliable measurement of market risks in the crucial position for both investment decision and hedging strategy designs. This paper tackles the measurement of risks from a Value at Risk (VaR...

This paper deals with a portfolio selection problem with fuzzy return rates. A possibilistic mean VaR model was proposed for portfolio selection. Specially, we present a mathematical programming model with possibilistic constraint. The possibilistic programming problem can be solved by transforming it into a linear programming problem. A numerical...