Engineering facilities subjected to natural hazards(such as winds and earthquakes) will result in risk when any designed system(i.e.capacity) will not be able to meet the performance required(i.e.demand).Risk might be...Engineering facilities subjected to natural hazards(such as winds and earthquakes) will result in risk when any designed system(i.e.capacity) will not be able to meet the performance required(i.e.demand).Risk might be expressed either as a likelihood of damage or potential financial loss.Engineers tend to make use of the former(i.e.damage).Nevertheless,other non-technical stakeholders cannot get useful information from damage.However,if financial risk is expressed on the basis of probable monetary loss,it will be easily understood by all.Therefore,it is necessary to develop methodologies which communicate the system capacity and demand to financial risk,Incremental dynamic analysis(IDA) was applied in a performance-based earthquake engineering context to do hazard analysis,structural analysis,damage analysis and loss analysis of a reinforced concrete(RC) frame structure.And the financial implications of risk were expressed by expected annual loss(EAL).The quantitative risk analysis proposed is applicable to any engineering facilities and any natural hazards.It is shown that the results from the IDA can be used to assess the overall financial risk exposure to earthquake hazard for a given constructed facility.The computational IDA-EAL method will enable engineers to take into account the long-term financial implications in addition to the construction cost.Consequently,it will help stakeholders make decisions.展开更多
Biodiversity is closely related to human well-being and is an important foundation for human survival and development.Currently,there is a significant funding gap in biodiversity conservation in various regions.How to...Biodiversity is closely related to human well-being and is an important foundation for human survival and development.Currently,there is a significant funding gap in biodiversity conservation in various regions.How to leverage financial resources in key areas such as financial support for biodiversity conservation,value conversion of ecological products,and green inclusive finance has become an increasingly concerned field and an actively explored direction.This article reviews the relevant policies that have been issued in Jilin Province regarding biodiversity conservation,providing guidance for the formulation of investment and financing policies.In practice,Jilin Province has explored investment and financing models through multiple channels.In terms of finance,it has strengthened the coordination of financial resources at all levels in accordance with the principle of matching fiscal powers and expenditure responsibilities,and increased support for biodiversity conservation through existing funding channels.At the same time,it has actively studied the establishment of market-oriented and socialized investment and financing mechanisms and encouraged the participation of social capital.Through the research on the investment and financing policies and practices for biodiversity in Jilin Province,this article analyzes the existing bottlenecks in green finance support for biodiversity,aiming to provide reference for further improving relevant policies,optimizing the allocation and use of funds,and enhancing the level of biodiversity conservation.展开更多
With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of th...With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of the Communist Party of China,the development of green finance in China has an increasingly significant impact on enterprise operation and management.Against the backdrop of the continuous deepening of green finance,it has multi-dimensional and profound impacts on enterprises’investment and financing decisions,resource allocation,and development strategies.Based on this,this paper focuses on the level of enterprises’investment and financing strategies,deeply analyzes the specific impacts of green finance development on enterprises,analyzes them in combination with practical problems,and then proposes corresponding optimization countermeasures,aiming to provide theoretical support and practical references for enhancing the core competitiveness of enterprises in the context of green finance.展开更多
Performance-based warranties(PBWs)are widely used in industry and manufacturing.Given that PBW can impose financial burdens on manufacturers,rational maintenance decisions are essential for expanding profit margins.Th...Performance-based warranties(PBWs)are widely used in industry and manufacturing.Given that PBW can impose financial burdens on manufacturers,rational maintenance decisions are essential for expanding profit margins.This paper proposes an optimization model for PBW decisions for systems affected by Gamma degradation processes,incorporating periodic inspection.A system performance degradation model is established.Preventive maintenance probability and corrective renewal probability models are developed to calculate expected warranty costs and system availability.A benefits function,which includes incentives,is constructed to optimize the initial and subsequent inspection intervals and preventive maintenance thresholds,thereby maximizing warranty profit.An improved sparrow search algorithm is developed to optimize the model,with a case study on large steam turbine rotor shafts.The results suggest the optimal PBW strategy involves an initial inspection interval of approximately 20 months,with subsequent intervals of about four months,and a preventive maintenance threshold of approximately 37.39 mm wear.When compared to common cost-minimization-based condition maintenance strategies and PBW strategies that do not differentiate between initial and subsequent inspection intervals,the proposed PBW strategy increases the manufacturer’s profit by 1%and 18%,respectively.Sensitivity analyses provide managerial recommendations for PBW implementation.The PBW strategy proposed in this study significantly increases manufacturers’profits by optimizing inspection intervals and preventive maintenance thresholds,and manufacturers should focus on technological improvement in preventive maintenance and cost control to further enhance earnings.展开更多
As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting ...As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting green transformation plays a key role.SMEs play an important role in economic growth,innovation,and job creation,but due to a lack of collateral,imperfect credit history,and opaque financial information,they face great obstacles in the financing process,especially in the early capital investment required for green transformation.Green finance,through innovative financial instruments such as green credit and green bonds,provides new financing channels for SMEs,helping them reduce financing costs,optimize financing structure,and promote their green transformation and sustainable development.This paper analyzes the current situation and root causes of SMEs’financing dilemma from the perspective of green finance,and probes into the influence of green finance policies on financing behavior.展开更多
Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterpris...Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterprises are facing.But because of the huge base number of small and medium-sized enterprises in our country,there are many kinds,and the problem of financing constraints is still puzzling the development of enterprises at present.With the continuous promotion of inclusive finance in our country,the problems plaguing SMEs in the last mile of financing are gradually improved.In this context,small and medium-sized enterprises in Hainan Free Trade Port are taken as the research object to study the role of digital inclusive finance on the financing constraints of SMEs.The research shows that,first of all,small and medium-sized enterprises in Hainan Free Trade Port generally have financing problems.The development of digital inclusive finance solves the“last kilometer”problem of traditional finance,enhances financial access ability,broadens the financial service group,provides convenience and diversified services for SMEs'financing,and provides inexhaustible impetus for the long-term healthy development of SMEs.Secondly,digital inclusive finance alleviates the financing difficulties faced by SMEs on the island by reducing financial costs and expanding the scale of credit.展开更多
Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints a...Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints and promoting economic growth and inclusive development.As an innovative financial model,digital financial inclusion utilizes modern technological means to significantly improve the accessibility and convenience of financial services,especially in areas where traditional banking services are under-covered.Digital finance has promoted the popularization of financial services such as micro-credit,micro-savings,and micro-insurance,and helped improve the financing environment of low-income groups and small and micro enterprises.At the same time,digital financial inclusion promotes financial literacy education and digital inclusion construction,and enhances the acceptance and use of digital financial instruments by the general public,which is the key to achieving sustainable development of digital financial inclusion.Therefore,digital financial inclusion can better ease the financing constraints of small and medium-sized enterprises and promote economic development.展开更多
This article through the domestic and foreign literature research in this field,related concepts and theoretical review,as well as the analysis of our country's security talent rental housing and REITS development...This article through the domestic and foreign literature research in this field,related concepts and theoretical review,as well as the analysis of our country's security talent rental housing and REITS development situation,discuss the prospect and development direction of our country's security talent rental housing public REITs,and put forward suggestions.展开更多
With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishm...With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishment of a large number of small and micro enterprises makes its social and economic development play a non-negligible role.However,due to the small size and insufficient economic strength of small and micro enterprises,their status in the financial system is often very humble.Therefore,under normal circumstances,small and micro enterprises are faced with financing difficulties and high costs,which has a great side effect on their development.The proposal and continuous development of digital inclusive finance,so that small and micro enterprises in access to a wide range of financing opportunities at the same time,their financing methods are more convenient than in the past,the cost is getting lower and lower.This paper deeply discusses the role of digital inclusive finance in easing the financing constraints of small and micro enterprises and puts forward corresponding suggestions[1].展开更多
The global shipping industry,like many others,is under growing pressure to be more sustainable.Regulation,renewable energy advances and customer demand have created a golden opportunity to make shipping more environme...The global shipping industry,like many others,is under growing pressure to be more sustainable.Regulation,renewable energy advances and customer demand have created a golden opportunity to make shipping more environmentally sustainable,which,however,entails significant funding.Traditional ship financing has been done largely on a secured basis,with relatively few considerations around sustainability and environmental protection.This approach is ripe for innovation,given the industry’s significant environmental footprint.Evidence from other industries suggests that borrowers could benefit in pricing and structure from sustainable borrowing mechanisms,such as green bonds(where proceeds are dedicated to environmental and social investment).The trend is also increasing for sustainable loans,which can help to meet the growing demand for retrofit financing within existing vessels to meet CO_(2)emission targets.This paper aims to explore the attitudes of shipping industry participants,through the use of a survey,to green financing,that is,issuing unsecured and covered green,social,and sustainable bonds and other related financing instruments.These could effectively advance the environmental and social agenda in the industry,strengthening environmental,social,and governance(ESG)structures at the same time.Preliminary results suggest that there is considerable scope for improving knowledge and awareness among marine professionals to bridge the sustainability gap.展开更多
The establishment of Hainan Free Trade Port provides a new opportunity for the financing of small and medium-sized enterprises.In the process of the country continuously promoting the development of a free trade port,...The establishment of Hainan Free Trade Port provides a new opportunity for the financing of small and medium-sized enterprises.In the process of the country continuously promoting the development of a free trade port,the financing environment of small and medium-sized enterprises has gradually improved,and the financing environment has been greatly improved.But the small and medium-sized enterprises“financing difficult”“financing expensive”problem still exists.The problems of difficult and expensive financing of small and medium-sized enterprises in Haikou city have their reasons as well as the influence of external environmental factors.Therefore,to better solve the financing problems of small and medium-sized enterprises in Haikou,this paper analyzes the reasons for the difficulty and expensive financing of small and medium-sized enterprises according to the existing research results and summarizes the financing experience of small and medium-sized enterprises at home and abroad.This article finds that the financing systems for small and medium-sized enterprises(SMEs)in developed countries are relatively well-established,and both the government and society offer significant support to SMEs.Therefore,this paper believes that the government should adjust the business strategy to improve the financing ecological environment and enhance the financing ability of SMEs.The government should take the lead in perfecting the guarantee system,continuously improving the credit information system of enterprises and various financial service institutions,promoting the opening and institutionalization of private credit,and developing Internet finance[1].展开更多
The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro e...The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro enterprises is not a task to be accomplished overnight.It necessitates the establishment of a long-term mechanism,the acceleration of financial innovation,the gradual enhancement of the vitality of micro-entities,and the creation of a stable and healthy economic development environment.Therefore,the author first analyzes the current financing situation of small and micro enterprises,as well as the problems they face during the process of financial innovation enabling small and micro enterprises to access financing and solve their financing difficulties,such as insufficient technical support,an imperfect risk control system,incomplete information disclosure,and a lack of credit data.Subsequently,targeted paths for financial innovation are proposed,aiming to offer suggestions for solving the financing problems of small and micro enterprises.展开更多
To enhance the frequency stability and lower the regulation mileage payment of a multiarea integrated energy system(IES)that supports the power Internet of Things(IoT),this paper proposes a data-driven cooperative met...To enhance the frequency stability and lower the regulation mileage payment of a multiarea integrated energy system(IES)that supports the power Internet of Things(IoT),this paper proposes a data-driven cooperative method for automatic generation control(AGC).The method consists of adaptive fractional-order proportional-integral(FOPI)controllers and a novel efficient integration exploration multiagent twin delayed deep deterministic policy gradient(EIE-MATD3)algorithm.The FOPI controllers are designed for each area based on the performancebased frequency regulation market mechanism.The EIE-MATD3 algorithm is used to tune the coefficients of the FOPI controllers in real time using centralized training and decentralized execution.The algorithm incorporates imitation learning and efficient integration exploration to obtain a more robust coordinated control strategy.An experiment on the four-area China Southern Grid(CSG)real-time digital system shows that the proposed method can improve the control performance and reduce the regulation mileage payment of each area in the IES.展开更多
The rapid development of digital financial inclusion is profoundly changing the financing environment for small and medium-sized enterprises(SMEs).As an important driver of economic growth and innovation,SMEs account ...The rapid development of digital financial inclusion is profoundly changing the financing environment for small and medium-sized enterprises(SMEs).As an important driver of economic growth and innovation,SMEs account for a significant share of employment and GDP globally.However,the traditional bank credit model has long failed to effectively meet the financing needs of SMEs due to issues such as information asymmetry,high cost,and difficulty in risk assessment,resulting in serious financing constraints.Digital financial inclusion,through technological innovation and big data analysis,has significantly reduced credit costs,alleviated information asymmetry,and provided SMEs with more flexible and efficient financing channels.Research shows that digital financial inclusion can not only ease the financing constraints of SMEs,but also promote their innovation and growth,providing important support for building a more inclusive and sustainable financial ecosystem.展开更多
Background:Antimicrobial resistance(AMR)poses a significant and growing public health challenge in East and Southern Africa.Despite formal commitments to the National Action Plans,domestic financing for AMR remains cr...Background:Antimicrobial resistance(AMR)poses a significant and growing public health challenge in East and Southern Africa.Despite formal commitments to the National Action Plans,domestic financing for AMR remains critically limited,with most countries continuing to depend heavily on external donor funding.Objective:This narrative review examines the current extent to which domestic fiscal commitments align with national AMR policy goals across the two regions.Methods:Government websites for ministries of health and finance,donor platforms,and three academic databases(Scopus,JSTOR,Google Scholar)were searched for eligible articles.National budget statements and media reports were also reviewed where available.Three researchers independently screened titles and summaries,followed by full-text reviews to confirm eligibility.Results:The findings reveal that while several countries have developed National Action Plans,very few have allocated domestic funding to implement them.Only Malawi,Nigeria and Uganda reported modest domestic contributions,while in other countries such as Zambia,Ethiopia,and South Africa,AMR programs remain largely donor-financed or lack dedicated budget lines altogether.Veterinary and laboratory sectors are particularly underfunded,with minimal integration into broader AMR strategies.While this review has several limitations including restricted access to current,comprehensive national budget data and a reliance on secondary sources such as donor and World Health Organization reports,which may introduce bias,the patterns identified in this review still offer valuable insight into regional funding dynamics and can inform future policy and research efforts.Conclusion:We conclude that without dedicated domestic financing and accountability mechanisms,AMR efforts in the region may face significant sustainability challenges observed in other health responses such as human immunodeficiency virus.Strengthening AMR governance requires clear budgetary commitments,sustainable cofinancing models,and policy instruments to reduce dependency on external support.展开更多
Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,...Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,and external environmental factors,scientifically predict the scale,direction,and fluctuation of cash flow within a certain period in the future.This article focuses on the application of cash flow forecasting models in enterprise investment and financing decisions,sorts out the types and core functions of the models,analyzes their specific roles in investment project screening,financing plan formulation,risk prevention and control,and fund allocation,points out the existing problems in current applications,and proposes optimization paths.Research shows that the scientific application of cash flow forecasting models can enhance the accuracy and rationality of enterprises’investment and financing decisions,and help enterprises achieve sustainable development.展开更多
Against the backdrop of China s accelerated green development and its pursuit of the"dual carbon"goals,green finance,as a crucial instrument for the rational allocation of resources,plays a significant role ...Against the backdrop of China s accelerated green development and its pursuit of the"dual carbon"goals,green finance,as a crucial instrument for the rational allocation of resources,plays a significant role in promoting agricultural green transformation.Taking Henan Province as a case study,this research employs panel data from 18 prefecture-level cities spanning 2014 to 2023,utilizing dynamic panel models and mediating effect models for empirical analysis.The findings reveal that green finance indirectly fosters agricultural green development by driving agricultural technological progress.This promoting effect is significant,with the mediating effect accounting for 3.67%.Based on these results,policy recommendations are proposed:expanding the coverage of green finance and constructing a diversified product system;comprehensively promoting agricultural technological innovation and mechanization development;and coordinating and integrating green financial resources to facilitate agricultural green transformation tailored to local conditions.展开更多
Artificial intelligence(AI)is reshaping financial systems and services,as intelligent AI agents increasingly form the foundation of autonomous,goal-driven systems capable of reasoning,learning,and action.This review s...Artificial intelligence(AI)is reshaping financial systems and services,as intelligent AI agents increasingly form the foundation of autonomous,goal-driven systems capable of reasoning,learning,and action.This review synthesizes recent research and developments in the application of AI agents across core financial domains.Specifically,it covers the deployment of agent-based AI in algorithmic trading,fraud detection,credit risk assessment,roboadvisory,and regulatory compliance(RegTech).The review focuses on advanced agent-based methodologies,including reinforcement learning,multi-agent systems,and autonomous decision-making frameworks,particularly those leveraging large language models(LLMs),contrasting these with traditional AI or purely statistical models.Our primary goals are to consolidate current knowledge,identify significant trends and architectural approaches,review the practical efficiency and impact of current applications,and delineate key challenges and promising future research directions.The increasing sophistication of AI agents offers unprecedented opportunities for innovation in finance,yet presents complex technical,ethical,and regulatory challenges that demand careful consideration and proactive strategies.This review aims to provide a comprehensive understanding of this rapidly evolving landscape,highlighting the role of agent-based AI in the ongoing transformation of the financial industry,and is intended to serve financial institutions,regulators,investors,analysts,researchers,and other key stakeholders in the financial ecosystem.展开更多
This study empirically examines how land finance in destination and origin cities affects willingness to engage in labor mobility and explores the underlying mechanisms.Using a two-way fixed effects model,we match mac...This study empirically examines how land finance in destination and origin cities affects willingness to engage in labor mobility and explores the underlying mechanisms.Using a two-way fixed effects model,we match macro data from 287 prefecture-level cities in China from 2000 to 2020 with data from the 2018 China Migrant Dynamic Survey(CMDS).The results are as follows:First,land finance in destination cities inhibits labor mobility willingness,while land finance in origin cities and labor mobility willingness have a U-shaped relationship,decreasing initially and then increasing.Second,local governments’dependence on land finance increases local housing prices and suppresses investment in non-economic public goods in the administrative area,thereby inhibiting labor mobility willingness;however,this also increases investment in economic public goods,attracting labor mobility willingness.Third,labor force age weakens the impact of land finance in origin cities on labor mobility willingness;however,age does not affect the impact of land finance in destination cities on labor mobility willingness.Fourth,land finance increases laborers’willingness to settle.展开更多
It is a strategic measure to implement the fundamental task of cultivating morality and nurturing people by comprehensively promoting the construction of ideological and political education in curriculum.In this paper...It is a strategic measure to implement the fundamental task of cultivating morality and nurturing people by comprehensively promoting the construction of ideological and political education in curriculum.In this paper,the Finance course at Yangtze University is taken as the research object.Addressing the current problem of the"two skins"between professional courses and ideological and political education,it systematically elaborates on the constructed"value guidance-knowledge transmission-ability cultivation"trinity integrated model of ideological and political education in curriculum,which provides a valuable reference for the ideological and political construction in similar courses through the paradigm of"localized cases+collaborative practice+systematic education".展开更多
基金Project(2011CB013804) supported by the National Basic Research Program of ChinaProject(50925828) supported by the National Natural Science Funds for Distinguished Young Scholars of China
文摘Engineering facilities subjected to natural hazards(such as winds and earthquakes) will result in risk when any designed system(i.e.capacity) will not be able to meet the performance required(i.e.demand).Risk might be expressed either as a likelihood of damage or potential financial loss.Engineers tend to make use of the former(i.e.damage).Nevertheless,other non-technical stakeholders cannot get useful information from damage.However,if financial risk is expressed on the basis of probable monetary loss,it will be easily understood by all.Therefore,it is necessary to develop methodologies which communicate the system capacity and demand to financial risk,Incremental dynamic analysis(IDA) was applied in a performance-based earthquake engineering context to do hazard analysis,structural analysis,damage analysis and loss analysis of a reinforced concrete(RC) frame structure.And the financial implications of risk were expressed by expected annual loss(EAL).The quantitative risk analysis proposed is applicable to any engineering facilities and any natural hazards.It is shown that the results from the IDA can be used to assess the overall financial risk exposure to earthquake hazard for a given constructed facility.The computational IDA-EAL method will enable engineers to take into account the long-term financial implications in addition to the construction cost.Consequently,it will help stakeholders make decisions.
文摘Biodiversity is closely related to human well-being and is an important foundation for human survival and development.Currently,there is a significant funding gap in biodiversity conservation in various regions.How to leverage financial resources in key areas such as financial support for biodiversity conservation,value conversion of ecological products,and green inclusive finance has become an increasingly concerned field and an actively explored direction.This article reviews the relevant policies that have been issued in Jilin Province regarding biodiversity conservation,providing guidance for the formulation of investment and financing policies.In practice,Jilin Province has explored investment and financing models through multiple channels.In terms of finance,it has strengthened the coordination of financial resources at all levels in accordance with the principle of matching fiscal powers and expenditure responsibilities,and increased support for biodiversity conservation through existing funding channels.At the same time,it has actively studied the establishment of market-oriented and socialized investment and financing mechanisms and encouraged the participation of social capital.Through the research on the investment and financing policies and practices for biodiversity in Jilin Province,this article analyzes the existing bottlenecks in green finance support for biodiversity,aiming to provide reference for further improving relevant policies,optimizing the allocation and use of funds,and enhancing the level of biodiversity conservation.
基金Exploration of the Impact of Financial Reforms in the Hainan Free Trade Port on Enterprises,General Project(Project No.:HKKY2024-13)。
文摘With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of the Communist Party of China,the development of green finance in China has an increasingly significant impact on enterprise operation and management.Against the backdrop of the continuous deepening of green finance,it has multi-dimensional and profound impacts on enterprises’investment and financing decisions,resource allocation,and development strategies.Based on this,this paper focuses on the level of enterprises’investment and financing strategies,deeply analyzes the specific impacts of green finance development on enterprises,analyzes them in combination with practical problems,and then proposes corresponding optimization countermeasures,aiming to provide theoretical support and practical references for enhancing the core competitiveness of enterprises in the context of green finance.
基金supported by the National Natural Science Foundation of China(71871219).
文摘Performance-based warranties(PBWs)are widely used in industry and manufacturing.Given that PBW can impose financial burdens on manufacturers,rational maintenance decisions are essential for expanding profit margins.This paper proposes an optimization model for PBW decisions for systems affected by Gamma degradation processes,incorporating periodic inspection.A system performance degradation model is established.Preventive maintenance probability and corrective renewal probability models are developed to calculate expected warranty costs and system availability.A benefits function,which includes incentives,is constructed to optimize the initial and subsequent inspection intervals and preventive maintenance thresholds,thereby maximizing warranty profit.An improved sparrow search algorithm is developed to optimize the model,with a case study on large steam turbine rotor shafts.The results suggest the optimal PBW strategy involves an initial inspection interval of approximately 20 months,with subsequent intervals of about four months,and a preventive maintenance threshold of approximately 37.39 mm wear.When compared to common cost-minimization-based condition maintenance strategies and PBW strategies that do not differentiate between initial and subsequent inspection intervals,the proposed PBW strategy increases the manufacturer’s profit by 1%and 18%,respectively.Sensitivity analyses provide managerial recommendations for PBW implementation.The PBW strategy proposed in this study significantly increases manufacturers’profits by optimizing inspection intervals and preventive maintenance thresholds,and manufacturers should focus on technological improvement in preventive maintenance and cost control to further enhance earnings.
文摘As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting green transformation plays a key role.SMEs play an important role in economic growth,innovation,and job creation,but due to a lack of collateral,imperfect credit history,and opaque financial information,they face great obstacles in the financing process,especially in the early capital investment required for green transformation.Green finance,through innovative financial instruments such as green credit and green bonds,provides new financing channels for SMEs,helping them reduce financing costs,optimize financing structure,and promote their green transformation and sustainable development.This paper analyzes the current situation and root causes of SMEs’financing dilemma from the perspective of green finance,and probes into the influence of green finance policies on financing behavior.
文摘Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterprises are facing.But because of the huge base number of small and medium-sized enterprises in our country,there are many kinds,and the problem of financing constraints is still puzzling the development of enterprises at present.With the continuous promotion of inclusive finance in our country,the problems plaguing SMEs in the last mile of financing are gradually improved.In this context,small and medium-sized enterprises in Hainan Free Trade Port are taken as the research object to study the role of digital inclusive finance on the financing constraints of SMEs.The research shows that,first of all,small and medium-sized enterprises in Hainan Free Trade Port generally have financing problems.The development of digital inclusive finance solves the“last kilometer”problem of traditional finance,enhances financial access ability,broadens the financial service group,provides convenience and diversified services for SMEs'financing,and provides inexhaustible impetus for the long-term healthy development of SMEs.Secondly,digital inclusive finance alleviates the financing difficulties faced by SMEs on the island by reducing financial costs and expanding the scale of credit.
文摘Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints and promoting economic growth and inclusive development.As an innovative financial model,digital financial inclusion utilizes modern technological means to significantly improve the accessibility and convenience of financial services,especially in areas where traditional banking services are under-covered.Digital finance has promoted the popularization of financial services such as micro-credit,micro-savings,and micro-insurance,and helped improve the financing environment of low-income groups and small and micro enterprises.At the same time,digital financial inclusion promotes financial literacy education and digital inclusion construction,and enhances the acceptance and use of digital financial instruments by the general public,which is the key to achieving sustainable development of digital financial inclusion.Therefore,digital financial inclusion can better ease the financing constraints of small and medium-sized enterprises and promote economic development.
文摘This article through the domestic and foreign literature research in this field,related concepts and theoretical review,as well as the analysis of our country's security talent rental housing and REITS development situation,discuss the prospect and development direction of our country's security talent rental housing public REITs,and put forward suggestions.
文摘With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishment of a large number of small and micro enterprises makes its social and economic development play a non-negligible role.However,due to the small size and insufficient economic strength of small and micro enterprises,their status in the financial system is often very humble.Therefore,under normal circumstances,small and micro enterprises are faced with financing difficulties and high costs,which has a great side effect on their development.The proposal and continuous development of digital inclusive finance,so that small and micro enterprises in access to a wide range of financing opportunities at the same time,their financing methods are more convenient than in the past,the cost is getting lower and lower.This paper deeply discusses the role of digital inclusive finance in easing the financing constraints of small and micro enterprises and puts forward corresponding suggestions[1].
文摘The global shipping industry,like many others,is under growing pressure to be more sustainable.Regulation,renewable energy advances and customer demand have created a golden opportunity to make shipping more environmentally sustainable,which,however,entails significant funding.Traditional ship financing has been done largely on a secured basis,with relatively few considerations around sustainability and environmental protection.This approach is ripe for innovation,given the industry’s significant environmental footprint.Evidence from other industries suggests that borrowers could benefit in pricing and structure from sustainable borrowing mechanisms,such as green bonds(where proceeds are dedicated to environmental and social investment).The trend is also increasing for sustainable loans,which can help to meet the growing demand for retrofit financing within existing vessels to meet CO_(2)emission targets.This paper aims to explore the attitudes of shipping industry participants,through the use of a survey,to green financing,that is,issuing unsecured and covered green,social,and sustainable bonds and other related financing instruments.These could effectively advance the environmental and social agenda in the industry,strengthening environmental,social,and governance(ESG)structures at the same time.Preliminary results suggest that there is considerable scope for improving knowledge and awareness among marine professionals to bridge the sustainability gap.
文摘The establishment of Hainan Free Trade Port provides a new opportunity for the financing of small and medium-sized enterprises.In the process of the country continuously promoting the development of a free trade port,the financing environment of small and medium-sized enterprises has gradually improved,and the financing environment has been greatly improved.But the small and medium-sized enterprises“financing difficult”“financing expensive”problem still exists.The problems of difficult and expensive financing of small and medium-sized enterprises in Haikou city have their reasons as well as the influence of external environmental factors.Therefore,to better solve the financing problems of small and medium-sized enterprises in Haikou,this paper analyzes the reasons for the difficulty and expensive financing of small and medium-sized enterprises according to the existing research results and summarizes the financing experience of small and medium-sized enterprises at home and abroad.This article finds that the financing systems for small and medium-sized enterprises(SMEs)in developed countries are relatively well-established,and both the government and society offer significant support to SMEs.Therefore,this paper believes that the government should adjust the business strategy to improve the financing ecological environment and enhance the financing ability of SMEs.The government should take the lead in perfecting the guarantee system,continuously improving the credit information system of enterprises and various financial service institutions,promoting the opening and institutionalization of private credit,and developing Internet finance[1].
文摘The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro enterprises is not a task to be accomplished overnight.It necessitates the establishment of a long-term mechanism,the acceleration of financial innovation,the gradual enhancement of the vitality of micro-entities,and the creation of a stable and healthy economic development environment.Therefore,the author first analyzes the current financing situation of small and micro enterprises,as well as the problems they face during the process of financial innovation enabling small and micro enterprises to access financing and solve their financing difficulties,such as insufficient technical support,an imperfect risk control system,incomplete information disclosure,and a lack of credit data.Subsequently,targeted paths for financial innovation are proposed,aiming to offer suggestions for solving the financing problems of small and micro enterprises.
基金upported by National Natural Science Foundation of China(52307118).
文摘To enhance the frequency stability and lower the regulation mileage payment of a multiarea integrated energy system(IES)that supports the power Internet of Things(IoT),this paper proposes a data-driven cooperative method for automatic generation control(AGC).The method consists of adaptive fractional-order proportional-integral(FOPI)controllers and a novel efficient integration exploration multiagent twin delayed deep deterministic policy gradient(EIE-MATD3)algorithm.The FOPI controllers are designed for each area based on the performancebased frequency regulation market mechanism.The EIE-MATD3 algorithm is used to tune the coefficients of the FOPI controllers in real time using centralized training and decentralized execution.The algorithm incorporates imitation learning and efficient integration exploration to obtain a more robust coordinated control strategy.An experiment on the four-area China Southern Grid(CSG)real-time digital system shows that the proposed method can improve the control performance and reduce the regulation mileage payment of each area in the IES.
文摘The rapid development of digital financial inclusion is profoundly changing the financing environment for small and medium-sized enterprises(SMEs).As an important driver of economic growth and innovation,SMEs account for a significant share of employment and GDP globally.However,the traditional bank credit model has long failed to effectively meet the financing needs of SMEs due to issues such as information asymmetry,high cost,and difficulty in risk assessment,resulting in serious financing constraints.Digital financial inclusion,through technological innovation and big data analysis,has significantly reduced credit costs,alleviated information asymmetry,and provided SMEs with more flexible and efficient financing channels.Research shows that digital financial inclusion can not only ease the financing constraints of SMEs,but also promote their innovation and growth,providing important support for building a more inclusive and sustainable financial ecosystem.
文摘Background:Antimicrobial resistance(AMR)poses a significant and growing public health challenge in East and Southern Africa.Despite formal commitments to the National Action Plans,domestic financing for AMR remains critically limited,with most countries continuing to depend heavily on external donor funding.Objective:This narrative review examines the current extent to which domestic fiscal commitments align with national AMR policy goals across the two regions.Methods:Government websites for ministries of health and finance,donor platforms,and three academic databases(Scopus,JSTOR,Google Scholar)were searched for eligible articles.National budget statements and media reports were also reviewed where available.Three researchers independently screened titles and summaries,followed by full-text reviews to confirm eligibility.Results:The findings reveal that while several countries have developed National Action Plans,very few have allocated domestic funding to implement them.Only Malawi,Nigeria and Uganda reported modest domestic contributions,while in other countries such as Zambia,Ethiopia,and South Africa,AMR programs remain largely donor-financed or lack dedicated budget lines altogether.Veterinary and laboratory sectors are particularly underfunded,with minimal integration into broader AMR strategies.While this review has several limitations including restricted access to current,comprehensive national budget data and a reliance on secondary sources such as donor and World Health Organization reports,which may introduce bias,the patterns identified in this review still offer valuable insight into regional funding dynamics and can inform future policy and research efforts.Conclusion:We conclude that without dedicated domestic financing and accountability mechanisms,AMR efforts in the region may face significant sustainability challenges observed in other health responses such as human immunodeficiency virus.Strengthening AMR governance requires clear budgetary commitments,sustainable cofinancing models,and policy instruments to reduce dependency on external support.
文摘Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,and external environmental factors,scientifically predict the scale,direction,and fluctuation of cash flow within a certain period in the future.This article focuses on the application of cash flow forecasting models in enterprise investment and financing decisions,sorts out the types and core functions of the models,analyzes their specific roles in investment project screening,financing plan formulation,risk prevention and control,and fund allocation,points out the existing problems in current applications,and proposes optimization paths.Research shows that the scientific application of cash flow forecasting models can enhance the accuracy and rationality of enterprises’investment and financing decisions,and help enterprises achieve sustainable development.
基金Supported by Zhejiang Provincial Philosophy and Social Sciences Planning Project(23FNSQ58YB).
文摘Against the backdrop of China s accelerated green development and its pursuit of the"dual carbon"goals,green finance,as a crucial instrument for the rational allocation of resources,plays a significant role in promoting agricultural green transformation.Taking Henan Province as a case study,this research employs panel data from 18 prefecture-level cities spanning 2014 to 2023,utilizing dynamic panel models and mediating effect models for empirical analysis.The findings reveal that green finance indirectly fosters agricultural green development by driving agricultural technological progress.This promoting effect is significant,with the mediating effect accounting for 3.67%.Based on these results,policy recommendations are proposed:expanding the coverage of green finance and constructing a diversified product system;comprehensively promoting agricultural technological innovation and mechanization development;and coordinating and integrating green financial resources to facilitate agricultural green transformation tailored to local conditions.
基金supported by the Ministry of Education and Science of the Republic of North Macedonia through the project“Utilizing AI and National Large Language Models to Advance Macedonian Language Capabilties”。
文摘Artificial intelligence(AI)is reshaping financial systems and services,as intelligent AI agents increasingly form the foundation of autonomous,goal-driven systems capable of reasoning,learning,and action.This review synthesizes recent research and developments in the application of AI agents across core financial domains.Specifically,it covers the deployment of agent-based AI in algorithmic trading,fraud detection,credit risk assessment,roboadvisory,and regulatory compliance(RegTech).The review focuses on advanced agent-based methodologies,including reinforcement learning,multi-agent systems,and autonomous decision-making frameworks,particularly those leveraging large language models(LLMs),contrasting these with traditional AI or purely statistical models.Our primary goals are to consolidate current knowledge,identify significant trends and architectural approaches,review the practical efficiency and impact of current applications,and delineate key challenges and promising future research directions.The increasing sophistication of AI agents offers unprecedented opportunities for innovation in finance,yet presents complex technical,ethical,and regulatory challenges that demand careful consideration and proactive strategies.This review aims to provide a comprehensive understanding of this rapidly evolving landscape,highlighting the role of agent-based AI in the ongoing transformation of the financial industry,and is intended to serve financial institutions,regulators,investors,analysts,researchers,and other key stakeholders in the financial ecosystem.
基金funded by Major Project of the National Social Science Fund of China“Theory,Methods and Chinese Practices of National Welfare Accounting”[Grant No.22&ZD165]Key Project of the National Social Science Fund of China“Theoretical and Practical Research on the Compilation of Chinese Productivity Accounts”[Grant No.21AZD122].
文摘This study empirically examines how land finance in destination and origin cities affects willingness to engage in labor mobility and explores the underlying mechanisms.Using a two-way fixed effects model,we match macro data from 287 prefecture-level cities in China from 2000 to 2020 with data from the 2018 China Migrant Dynamic Survey(CMDS).The results are as follows:First,land finance in destination cities inhibits labor mobility willingness,while land finance in origin cities and labor mobility willingness have a U-shaped relationship,decreasing initially and then increasing.Second,local governments’dependence on land finance increases local housing prices and suppresses investment in non-economic public goods in the administrative area,thereby inhibiting labor mobility willingness;however,this also increases investment in economic public goods,attracting labor mobility willingness.Third,labor force age weakens the impact of land finance in origin cities on labor mobility willingness;however,age does not affect the impact of land finance in destination cities on labor mobility willingness.Fourth,land finance increases laborers’willingness to settle.
基金Supported by the General Project of Hubei Provincial Education Science Planning in 2025(2025GB482)the First Batch of Collaborative Education Projects between Industry and University at Yangtze University in 2025(Reform and Practice of Collaborative Intelligent Teaching between Industry and University in Finance under the Background of Digital Transformation)the Teaching Reform Research Project of Yangtze University in 2024(JY2024059).
文摘It is a strategic measure to implement the fundamental task of cultivating morality and nurturing people by comprehensively promoting the construction of ideological and political education in curriculum.In this paper,the Finance course at Yangtze University is taken as the research object.Addressing the current problem of the"two skins"between professional courses and ideological and political education,it systematically elaborates on the constructed"value guidance-knowledge transmission-ability cultivation"trinity integrated model of ideological and political education in curriculum,which provides a valuable reference for the ideological and political construction in similar courses through the paradigm of"localized cases+collaborative practice+systematic education".
