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Abstract: The suitability of the project delivery system (PDS) selected for a project greatly influences the efficiency to conduct a project. It is not an easy task to select an appropriate PDS as a large amount of ambiguous information exists. The paper aims to develop a PDS selection model to help owners to make a decision. The similar projects are identified through the similarity metrics between the target project to be predicted and those in the database. In addition, some of the indicator values are examined and modified through DEA-BND model, and then they are trained by ANN model to predict an appropriate PDS for the target project. A survey was conducted by postal questionnaire to empirically validate the reliability of the model in China. The indicator system for the selection of an appropriate PDS is established. Through the comparison of results predicted by different models, it is found that the PDS selection model developed in this paper can predict PDS precisely, and shows higher reliability than the ANN model. A PDS selection model is developed by inputting project-specific data, which proves to be more accurate and less dependent on experts’ judgment. Its practical application will benefit the owner’s decision making in the selection of the PDS. [ABSTRACT FROM AUTHOR]

Abstract: In this paper, we investigate the statistical properties of the fluctuations of the Chinese Stock Index, and we study the statistical properties of HSI, DJI, IXIC and SP500 by comparison. According to the theory of artificial neural networks, a stochastic time effective function is introduced in the forecasting model of the indices in the present paper, which gives an improved neural network – the stochastic time effective neural network model. In this model, a promising data mining technique in machine learning has been proposed to uncover the predictive relationships of numerous financial and economic variables. We suppose that the investors decide their investment positions by analyzing the historical data on the stock market, and the historical data are given weights depending on their time, in detail, the nearer the time of the historical data is to the present, the stronger impact the data have on the predictive model, and we also introduce the Brownian motion in order to make the model have the effect of random movement while maintaining the original trend. In the last part of the paper, we test the forecasting performance of the model by using different volatility parameters and we show some results of the analysis for the fluctuations of the global stock indices using the model. [Copyright &y& Elsevier]

Waste sorting is an imperative and significant issue in China, of which sorted-waste collection and transportation are indispensable parts. Despite its vital yet practical significance, few studies research mathematical models or algorithms of waste collection and transportation from the perspective of waste sorting. To address this issue, we extend a novel transportation model for the waste management system, namely, capacitated location routing problem with queuing time (CLRPQT) and design a cross-entropy and simulated-annealing based hyper-heuristic algorithm (CE-SAHH) for it. The main idea of this paper is three-fold: (1) As a particular property of this problem, source nodes cannot but need to be served by more than one vehicle that causes queuing time between a heterogeneous fleet of vehicles, which is novel in terms of the proposed model; (2) For the methodological contribution, a character encoding scheme, new decoding procedure, and local search strategy are designed embedded in the proposed method; (3) An integration of simulated annealing strategy and the cross-entropy-based hyper-heuristic algorithm is developed to overcome the combinatorial optimization problem with a more complex solution of this study. Finally, the results and analysis of three numeric experiments on benchmark datasets, new instances of CLRPQT, and simulation data in Shanghai, China, verify the effectiveness and universality of the proposed model and method. • A novel model with interactional routes for sorted-waste transportation is proposed. • A cross-entropy-based hyper-heuristic algorithm is proposed and performs well. • The novel model and method based on sorted waste enrich the waste management system. • Real-life data is used to verify the method and some managerial insights are drawn. [ABSTRACT FROM AUTHOR]

Abstract: Over the past few years property management has become a prominent topic in Mainland China. The proprietors expect the property company to provide a broad range of services and deal with kinds of complaints. One of main duties of the property management is to provide a security patrol on the housing estate so that the security personnel can provide an immediate response to people in need and deal with complaints. The property managers are facing two big challenges: an increase in complaints and manpower shortage. The purpose of this study is to find a systematic method to improve the deployment of security guards in a large property company located in south China. We developed a mathematical model that fits the practical situation. A case study in which the proposed methodology is applied is given in this paper to show how the optimal allocation is determined. In comparison with the current empirical method of allocation the utilization of the optimal allocation obtains a 27.5% improvement. [ABSTRACT FROM AUTHOR]

Data envelopment analysis (DEA) requires input and output data to be precisely known. This is not always the case in real applications. This paper proposes two new fuzzy DEA models constructed from the perspective of fuzzy arithmetic to deal with fuzziness in input and output data in DEA. The new fuzzy DEA models are formulated as linear programming models and can be solved to determine fuzzy efficiencies of a group of decision-making units (DMUs). An analytical fuzzy ranking approach is developed to compare and rank the fuzzy efficiencies of the DMUs. The proposed fuzzy DEA models and ranking approach are applied to evaluate the performances of eight manufacturing enterprises in China. [Copyright &y& Elsevier]