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Most Downloaded Journal of Management Science and Engineering Articles

The most downloaded articles from ScienceDirect in the last 90 days.

1. Is bitcoin a safe haven or a hedging asset? Evidence from China

September 2019
Gangjin Wang | Yanping Tang | Chi Xie | Shou Chen

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,...

2. Versatile HAR model for realized volatility: A least square model averaging perspective

March 2019
Yue Qiu | Xinyu Zhang | Tian Xie | Shangwei Zhao

A rapidly growing body of literature has documented improvements in forecasting financial return volatility measurement using various heterogeneous autoregression (HAR) type models. Most HAR-type models...

3. Refined analysis and prediction of natural gas consumption in China

June 2019
Ting Liang | Jian Chai | Yue-Jun Zhang | Zhe George Zhang

In view of the abrupt and phased features of natural gas consumption, this paper attempts to predict natural gas consumption in China with a refined forecasting approach. First, we establish a Markov...

4. A decomposition clustering ensemble learning approach for forecasting foreign exchange rates

March 2019
Yunjie Wei | Shaolong Sun | Jian Ma | Shouyang Wang | Kin Keung Lai

A decomposition clustering ensemble (DCE) learning approach is proposed for forecasting foreign exchange rates by integrating the variational mode decomposition (VMD), the self-organizing map (SOM)...

5. Out-of-sample forecasts of China's economic growth and inflation using rolling weighted least squares

March 2019
Yuying Sun | Yongmiao Hong | Shouyang Wang

Macroeconomic forecasting in China is essential for the government to take proper policy decisions on government expenditure and money supply, among other matters. The existing literature on forecasting...

6. Policy spillover and regional linkage characteristics of the real estate market in China's urban agglomerations

September 2019
Xiangfei Li | Minghan Sun | Kees Boersma

The main purpose of this study is to determine the spillover effect of real estate regulatory policies released by core cities on the surrounding cities in major urban agglomerations based on regional...

7. Vehicle flow formulation for two-echelon time-constrained vehicle routing problem

June 2019
Hongqi Li | Ming Bai | Yibin Zhao | Changzhi Dai

Two-echelon routing problems, including variants such as the two-echelon vehicle routing problem (2E-VRP) and the two-echelon location routing problem (2E-LRP), involve assignment and location decisions....

8. A Binomial Model of Asset and Option Pricing with Heterogeneous Beliefs

December 2016
Xue-Zhong He | Lei Shi

This paper provides a difference-in-opinions equilibrium framework for pricing asset and option in a multi-period binomial economy with heterogeneous beliefs. Agents agree to disagree about their beliefs...

9. Time-consistent investment and reinsurance strategies for insurers under multi-period mean-variance formulation with generalized correlated returns

June 2019
Zhongbao Zhou | Tiantian Ren | Helu Xiao | Wenbin Liu

The existing literature on investment and reinsurance is limited to the study of continuous-time problems, while discrete-time problems are always ignored by researchers. In this study, we first discuss...

10. Overall Efficiency and its Decomposition in a Two-Stage Network DEA Model

September 2017
Guo-Liang Yang | Yao-Yao Song | Dong-Ling Xu | Jian-Bo Yang

This paper aims to propose a new approach to decompose an overall data envelopment analysis model into equivalent two-stage models. In this approach, we use a minimax reference point method to set the...

11. Using Two-layer Minimax Optimization and DEA to Determine Attribute Weights

June 2018
Yao-Yao Song | Guo-Liang Yang | Jian-Bo Yang | Mohammad Khoveyni | Dong-Ling Xu

This study aims to explore a novel method for determining attribute weights, which is a key issue in constructing and analyzing multiple-attribute decision-making (MADM) problems. To this end, a hybrid...

12. A combined random effect and fixed effect forecast for panel data models

March 2019
Bai Huang | Tae-Hwy Lee | Aman Ullah

When some of the regressors in a panel data model are correlated with the random individual effects, the random effect (RE) estimator becomes inconsistent while the fixed effect (FE) estimator is consistent....

13. Firm Characteristics and Chinese Stocks

December 2018
Fuwei Jiang | Guohao Tang | Guofu Zhou

This paper presents a comprehensive study on predicting the cross section of Chinese stock market returns with a large panel of 75 individual firm characteristics. We use not only the traditional Fama-MacBeth...

14. Intraday Market-Wide Ups/Downs and Returns

December 2016
Wei Zhang | Shen Lin | Yongjie Zhang

Using stock market data over 16 years for Chinese stock markets and over 3 years for U.S. stock markets, this study explores the explanatory power of early intraday market-wide up and down movements...

15. Cluster Analysis in Data‐Driven Management and Decisions

December 2017
Leilei Sun | Guoqing Chen | Hui Xiong | Chonghui Guo

Clustering plays an important role in management and decision‐making processes. This paper first discusses three types of cluster analysis methods—centroid‐based, connectivity‐based, and density‐based....

16. Online Healthcare Community Interaction Dynamics

December 2016
Xitong Guo | Shanshan Guo | Douglas Vogel | Yijun Li

With the increasing dilemma of the rapid global demand for healthcare services (often in the presence of limited resources), how to creatively allocate and use healthcare resources across a widespread...

17. Forecasting using supervised factor models

March 2019
Yundong Tu | Tae-Hwy Lee

This paper examines the theoretical and empirical properties of a supervised factor model based on combining forecasts using principal components (CFPC), in comparison with two other supervised factor...

18. Projection bias, sophistication, and sub-additive discounting

June 2019
Shou Chen | Richard Fu | Lei Wedge | Ziran Zou

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...

19. Ensemble RBF modeling technique for quality design

June 2019
Linhan Ouyang | Liangqi Wan | Chanseok Park | Jianjun Wang | Yizhong Ma

This paper proposes an ensemble radial basis function neural network that selects important RBF subsets based on Pareto chart using Bootstrap samples. Then, the analysis of variance method is used to...

20. The Coordination and Preference of Supply Chain Contracts Based on Time-Sensitivity Promotional Mechanism

September 2018
Xin Fang | Fengjiao Yuan

To encourage retailers to submit orders as soon as possible, manufacturers usually launch a time-sensitivity promotional mechanism that the earlier you order, the cheaper the wholesale price will be...

21. Nowcasting China’s GDP Using a Bayesian Approach

December 2018
Yixiao Zhang | Cindy L. Yu | Haitao Li | Yongmiao Hong

Real time nowcasting is an assessment of current-quarter GDP from timely released economic and financial series before the GDP figure is disseminated. Providing a reliable current quarter nowcast in...

22. Asymmetries of Positive Feedback Trading in Individual Stocks: Evidences from China

December 2016
Die Wan | Weiyi Liu | Junbo Wang | Xiaoguang Yang

The paper investigates the positive feedback trading phenomenon of individual stocks in China’s stock market. Heterogeneous regression models and a non-parametric Sentana-Wadhwani model are developed...

23. Heterogeneous Traders, the Leverage Effect and Volatility of the Chinese P2P Market

March 2018
Xing Fang | Bo Wang | Lanbiao Liu | Yong Song

The new financial industry represented by peer-to-peer lending has gradually become a new source of volatility due to the increasing complexity of the Chinese financial market. This volatility leads...

24. A Bibliometric Analysis of Digital Innovation from 1998 to 2016

June 2017
Xi Zhang | Yao Meng | Hui Chen | Jiang Yu | Yongqiang Sun | Patricia Ordóñez de Pablos | Joy Wei He

Digital technologies are ubiquitous in our everyday lives. They have been widely embedded into the core processes of services and products, as well as into the operations of many organizations. These...

25. Risk measures for variable annuities: A hermite series expansion approach

June 2019
Zhenyu Cui | Jinhyoung Kim | Guanghua Lian | Yanchu Liu

In this study, we propose an efficient approach to the calculation of risk measures for an insurer's liability from writing a variable annuity with guaranteed benefits. Our approach is based on a novel...

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