Risk Assessment for Engagement in Sharing Economy of Manufacturing Enterprises: A Matter–Element Extension Based Approach

Harnessing probabilistic neural network with triple tree seed algorithm-based smart enterprise quantitative risk management framework

Enterprise risk management (ERM) frameworks convey vital principles that help create a consistent risk management culture, irrespective of employee turnover or industry standards. Enterprise Management System (EMS) are becoming a popular research area for assuring a company's long-term success. Statistical pattern recognition, federated learning, database administration, visualization technology, and social networking are all used in this field, which includes artificial intelligence (AI), data science, and statistics. Risk assessment in EMS is critical for enterprise decision-making to be effective. Recent advancements in AI, machine learning (ML), and deep learning (DL) concepts have enabled the development of effective risk assessment models for EMS. This special issue seeks groundbreaking research articles that showcase the application of applied probability and statistics to interdisciplinary studies. This study offers Improved Metaheuristics with a Deep Learning Enabled Risk Assessment Model (IMDLRA-SES) for Smart Enterprise Systems. Using feature selection (FS) and DL models, the provided IMDLRA-SES technique estimates business risks. Preprocessing is used in the IMDLRA-SES technique to change the original financial data into a usable format. In addition, an FS technique based on oppositional lion swarm optimization (OLSO) is utilized to find the best subset of features. In addition, the presence or absence of financial hazards in firms is classified using the triple tree seed algorithm (TTSA) with a probabilistic neural network (PNN) model. The TTSA is used as a hyperparameter optimizer to improve the efficiency of the PNN-based categorization. An extensive set of experimental evaluations is performed on German and Australian credit datasets to illustrate the IMDLRA-SES model's improved performance. The performance validation of the IMDLRA-SES model portrayed a superior accuracy value of 95.70% and 96.09% over existing techniques.

Deconstructing Online Hospitality Review Systems

Online hospitality reviews have an important impact on consumers’ travel and hospitality booking decisions in the Internet age. A well-designed online hospitality review system is crucial to reduce the uncertainty of consumers’ decision making, to grasp the actual needs of consumers, and to improve the quality experience of platforms. In this context, this research conducts an empirical study on the design features of online hospitality review systems based on the Kano model. First, the paper analyzes the design features of online hospitality review systems. Then, the paper proposes an improved method to classify design features on the basis of the Kano questionnaire design and survey data. Finally, the paper quantitatively measures their importance in online hospitality review systems. Results can provide scientific basis for online travel platforms or hospitality operators to optimize the design of online hospitality review systems and to obtain reference value to increase the satisfaction of consumers’ decision making.

Risk Evaluation of Electric Power Grid Investment in China Employing a Hybrid Novel MCDM Method

Socio-economic development is undergoing changes in China, such as the recently proposed carbon peak and carbon neutral targets, new infrastructure development strategy and the Coronavirus disease 2019 (COVID-19) pandemic. Meanwhile, the new-round marketization reform of the electricity industry has been ongoing in China since 2015. Therefore, it is urgent to evaluate the risk of electric power grid investment in China under new socio-economic development situation, which can help the investors manage risk and reduce risk loss. In this paper, a hybrid novel multi-criteria decision making (MCDM) method combining the latest group MCDM method, namely, Bayesian best–worst method (BBWM) and improved matter-element extension model (IMEEM) is proposed for risk evaluation of electric power grid investment in China under new socio-economic development situation. The BBWM is used for the weights’ determination of electric power grid investment risk criteria, and the IMEEM is employed to rank risk grade of electric power grid investment. The risk evaluation index system of electric power grid investment is built, including economic, social, environmental, technical and marketable risks. The risk of electric power grid investment under new socio-economic development situation in Inner Mongolia Autonomous Region of China is empirically evaluated by using the proposed MCDM method, and the results indicate that it belongs to “Medium” grade, but closer to “High” grade. The main contributions of this paper include: (1) it proposes a hybrid novel MCDM method combining the BBWM and IMEEM for risk evaluation of electric power grid investment; and (2) it provides a new view for risk evaluation of electric power grid investment including economic, social, environmental, technical and marketable risks. The proposed hybrid novel MCDM method for the risk evaluation of electric power grid investment is effective and practical.