Search Results (968)

This study proposes a novel Deep Reinforcement Learning (DRL) policy network structure for portfolio management called PortRSMs. PortRSMs employs stacked State-Space Models (SSMs) for the modeling of multi-scale continuous regime shifts in financial time series, striking a balance between exploring consistent distribution properties over short periods and maintaining sensitivity to sudden shocks in price sequences. PortRSMs also performs cross-asset regime fusion through hypergraph attention mechanisms, providing a more comprehensive state space for describing changes in asset correlations and co-integration. Experiments conducted on two different trading frequencies in the stock markets of the United States and Hong Kong show the superiority of PortRSMs compared to other approaches in terms of profitability, risk–return balancing, robustness, and the ability to handle sudden market shocks. Specifically, PortRSMs achieves up to a 0.03 improvement in the annual Sharpe ratio in the U.S. market, and up to a 0.12 improvement for the Hong Kong market compared to baseline methods. Full article

To address the limited flexibility of pumped storage power stations (PSPSs) under hierarchical clearing of energy and ancillary service markets, this study proposes a joint clearing mechanism for multi-level electricity markets. A bi-level optimization model based on the Stackelberg game is developed to characterize the strategic interaction between PSPSs and the market operator. Simulation results on the IEEE 30-bus system demonstrate that the proposed mechanism captures the dynamics of nodal supply and demand, as well as time-varying network congestion. It guides PSPSs to operate more flexibly and economically. Additionally, the mechanism increases PSPS profitability, reduces system costs, and improves frequency regulation performance. This game-theoretic framework offers quantitative decision support for PSPS participation in multi-level spot markets and provides insights for optimal storage deployment and market mechanism improvement. Full article

Personal Rapid Transit (PRT) and Group Rapid Transit (GRT) are classes of fully automated public transport systems, where passengers can travel in small vehicles on an interconnected, grade-separated network of guideways, non-stop, from origin to destination. PRT and GRT are considered sustainable as they are low-emission and able to attract car drivers. The parameterized cost modeling framework developed in this paper has the advantage that profitability of different PRT/GRT systems can be rapidly verified in a transparent way and in function of a variety of relevant system parameters. This framework may contribute to a more transparent, rapid, and low-cost evaluation of PRT/GRT schemes for planning and decision-making purposes. The main innovation is the introduction of the “peak hour network saturation” S: the number of vehicles in circulation during peak hour divided by the maximum number of vehicles running at line speed with minimum time headways. It is an index that aggregates the main uncertainties in the planning process, namely the demand level relative to the supply level. Furthermore, a maximum S can be estimated for a PRT/GRT project, even without a detailed demand estimation. The profit per trip is analytically derived based on S and a series of more certain parameters, such as fares, capital and maintenance costs, daily demand curve, empty vehicle share, and physical properties of the system. To demonstrate the ability of the framework to analyze profitability in function of various parameters, we apply the methods to a single vehicle PRT, a platooned PRT, and a mixed PRT/GRT. The results show that PRT services with trip length proportional fares could be profitable already for $S>0.25$. The PRT capacity, profitability, and robustness to tripled infrastructure costs can be increased by vehicle platooning or GRT service during peak hours. Full article

Next Point-of-Interest (POI) recommendation is aimed at predicting users’ future visits based on their current status and historical check-in records, providing convenience to users and potential profits to businesses. The Graph Neural Network (GNN) has become a common approach for this task due to the capabilities of modeling relations between nodes in a global perspective. However, most existing studies overlook the more prevalent heterogeneous relations in real-world scenarios, and manually constructed graphs may suffer from inaccuracies. To address these limitations, we propose a model called Heterogeneous Graph Structure Learning for Next POI Recommendation (HGSL-POI), which integrates three key components: heterogeneous graph contrastive learning, graph structure learning, and sequence modeling. The model first employs meta-path-based subgraphs and the user–POI interaction graph to obtain initial representations of users and POIs. Based on these representations, it reconstructs the subgraphs through graph structure learning. Finally, based on the embeddings from the reconstructed graphs, sequence modeling incorporating graph neural networks captures users’ sequential preferences to make recommendations. Experimental results on real-world datasets demonstrate the effectiveness of the proposed model. Additional studies confirm its robustness and superior performance across diverse recommendation tasks. Full article

European pig farmers are challenged by increasingly stringent EU regulations to protect the environment from pollution, to meet animal welfare standards and to make pig farming more sustainable. Economic sustainability is defined as the ability to achieve higher profits by respecting social and natural resources. This study is focused on the analysis of the economic resilience of intensive and extensive farming systems, based on data collected from 56 farms located in Denmark, Poland, Italy and Spain. Productive and economic performances of these farms are analyzed, and economic resilience is assessed through a survey including a selection of indicators, belonging to different themes: [i] resilience of resources, [ii] entrepreneurship, [iii] propensity to extensification. The qualitative data from the questionnaire allow for an exploration of how production systems relate to the three dimensions of resilience. Different levels of resilience were found and discussed for intensive and extensive farms. The findings suggest that intensive farms benefit from high standards and greater bargaining power within the supply chain. Extensive systems can achieve profitability through value-added strategies and generally display good resilience. Policies that support investment and risk reduction are essential for enhancing farm resilience and robustness, while strengthening farmer networks can improve adaptability. Full article

Container liner shipping companies operate within a complex environment where they must balance profitability and service reliability. Meanwhile, evolving regulatory policies, such as surcharges imposed on ships of a particular origin or type on specific trade lanes, introduce new operational challenges. This study addresses the heterogeneous ship routing and demand acceptance problem, aiming to maximize two conflicting objectives: weekly profit and total transport volume. We formulate the problem as a bi-objective mixed-integer programming model and prove that the ship chartering constraint matrix is totally unimodular, enabling the reformulation of the model into a partially relaxed MIP that preserves optimality while improving computational efficiency. We further analyze key mathematical properties showing that the Pareto frontier consists of a finite union of continuous, piecewise linear segments but is generally non-convex with discontinuities. A case study based on a realistic liner shipping network confirms the model’s effectiveness in capturing the trade-off between profit and transport volume. Sensitivity analyses show that increasing freight rates enables higher profits without large losses in volume. Notably, this paper provides a practical risk management framework for shipping companies to enhance their adaptability under shifting regulatory landscapes. Full article

With the support of the dual-carbon strategy and related policies, China’s offshore wind power has experienced rapid development. However, constrained by the inherent intermittency and volatility of wind power, large-scale expansion poses significant challenges to grid integration and exacerbates government fiscal burdens. To address these critical issues, this paper proposes a multi-market coupling trading model integrating energy storage-equipped offshore wind power into electricity–carbon–green certificate markets for large-scale grid networks. Firstly, a day-ahead electricity market optimization model that incorporates energy storage is established to maximize power revenue by coordinating offshore wind power generation, thermal power dispatch, and energy storage charging/discharging strategies. Subsequently, carbon market and green certificate market optimization models are developed to quantify Chinese Certified Emission Reduction (CCER) volume, carbon quotas, carbon emissions, market revenues, green certificate quantities, pricing mechanisms, and associated economic benefits. To validate the model’s effectiveness, a gradient ascent-optimized game-theoretic model and a double auction mechanism are introduced as benchmark comparisons. The simulation results demonstrate that the proposed model increases market revenues by 17.13% and 36.18%, respectively, compared to the two benchmark models. It not only improves wind power penetration and comprehensive profitability but also effectively alleviates government subsidy pressures through coordinated carbon–green certificate trading mechanisms. Full article

Global supply chains often face uncertainties in production lead times, fluctuating exchange rates, and varying tariff regulations, all of which can significantly impact total profit. To address these challenges, this study formulates a multi-country supply chain problem as a Semi-Markov Decision Process (SMDP), integrating both currency variability and tariff levels. Using a Q-learning-based method (SMART), we explore three scenarios: (1) wide currency gaps under a uniform tariff, (2) narrowed currency gaps encouraging more local sourcing, and (3) distinct tariff structures that highlight how varying duties can reshape global fulfillment decisions. Beyond these baselines we analyze uncertainty-extended variants and targeted sensitivities (quantity discounts, tariff escalation, and the joint influence of inventory holding costs and tariff costs). Simulation results, accompanied by policy heatmaps and performance metrics, illustrate how small or large shifts in exchange rates and tariffs can alter sourcing strategies, transportation modes, and inventory management. A Deep Q-Network (DQN) is also applied to validate the Q-learning policy, demonstrating alignment with a more advanced neural model for moderate-scale problems. These findings underscore the adaptability of reinforcement learning in guiding practitioners and policymakers, especially under rapidly changing trade environments where exchange rate volatility and incremental tariff changes demand robust, data-driven decision-making. Full article

Mobile Charging Robots (MCRs), essentially high-voltage batteries mounted on mobile platforms, offer a flexible solution for electric vehicle (EV) charging, particularly in environments like supermarket parking lots with photovoltaic (PV) generation. Unlike fixed charging stations, MCRs must be strategically dispatched and recharged to maximize operational efficiency and revenue. This study investigates a Model Predictive Control (MPC) approach using Mixed-Integer Linear Programming (MILP) to coordinate MCR charging and movement, accounting for the additional complexity that EVs can park at arbitrary locations. The performance impact of EV arrival and demand forecasts is evaluated, comparing perfect foresight with data-driven predictions using long short-term memory (LSTM) networks. A slack variable method is also introduced to ensure timely recharging of the MCRs. Results show that incorporating forecasts significantly improves performance compared to no prediction, with perfect forecasts outperforming LSTM-based ones due to better-timed recharging decisions. The study highlights that inaccurate forecasts—especially in the evening—can lead to suboptimal MCR utilization and reduced profitability. These findings demonstrate that combining MPC with predictive models enhances MCR-based EV charging strategies and underlines the importance of accurate forecasting for future smart charging systems. Full article

Inspired by real-world logistics scenarios, in this paper, we introduce a new variant of the Orienteering Problem known as the Multi-zone Orienteering Problem with Time Windows (MzOPTW). In the MzOPTW, customers are situated in distinct zones, each with multiple entrances and exits. Each customer has specific time window requirements; access to them will generate certain profits. This problem is to simultaneously determine which zones and customers to visit, select the zonal entrances and exits, and generate the routes for visiting each zone and its customers, all while maximizing total profits within a limited time frame. To tackle the MzOPTW, this paper develops an integer programming model. There are significant computational challenges in the strong interdependencies among zone selection, customer selection within zones, entrance and exit selection for each zone, the sequence of visits to zones and customers, and arrival and stay times. To address these challenges, this paper proposes a learning-enhanced metaheuristic algorithm called the Hybrid Ant Colony Optimization (HACO) algorithm, which incorporates Pointer Network learning. The HACO algorithm combines the global search capabilities of a population-based algorithm with the parallel decision-making abilities of the Pointer Network learning model. Additionally, a method to optimize zonal stay time limits is proposed to further enhance the solution. Experimental results demonstrate that the HACO algorithm outperforms comparative algorithms, achieving better solutions in 73% of the instances within the same time frame. Furthermore, the proposed optimization method for zonal stay time limits results in improvements in 78% of instances. Full article

Older people’s social participation is being shaped by the current context of “liquid modernity,” characterized by the erosion of traditional roles and identity, fragile social ties, individualism, economic precariousness, and uncertainty. The challenges entailed by these trends can be exacerbated when a circumstance, such as being the parent of an adult with a physical disability, is combined with old age. This study aimed to explore how this dual condition influences processes of aging and community participation. This work presents the findings of a phenomenological study conducted in 2025 through semi-structured interviews with a sample of 24 elderly people with children diagnosed with spina bifida. The results show that the children’s support needs, especially when they live with their parents, but also if they have become independent, impact the parents’ aging and social participation processes. Likewise, concern for the future is identified as a recurring aspect due to the children’s lack of support from a social network. It was concluded that public administrations and non-profit organizations should develop social intervention strategies aimed at promoting social participation, guaranteeing external assistance in the home, and providing coexistence resources. Full article

This paper presents a novel approach to enhancing the security of error correction in quantum key distribution by introducing randomization into the update rule of Tree Parity Machines. Two dynamic update algorithms—dynamic_rows and dynamic_matrix—are proposed and tested. These algorithms select the update rule quasi-randomly based on the input vector, reducing the effectiveness of synchronization-based attacks. A series of simulations were conducted to evaluate the security implications under various configurations, including different values of K, N, and L parameters of neural networks. The results demonstrate that the proposed dynamic algorithms can significantly reduce the attacker’s synchronization success rate without requiring additional communication overhead. Both proposed solutions outperformed hebbian, an update rule-based synchronization method utilizing the percentage of attackers synchronization. It has also been shown that when the attacker chooses their update rule randomly, the dynamic approaches work better compared to random walk rule-based synchronization, and that in most cases it is more profitable to use dynamic update rules when an attacker is using random walk. This study contributes to improving QKD’s robustness by introducing adaptive neural-based error correction mechanisms. Full article

The widespread adoption of electric vehicles introduces significant challenges to power grid stability due to uncoordinated large-scale charging and discharging behaviors. By addressing these challenges, mobile energy storage systems emerge as a flexible resource. To maximize the synergistic potential of jointly scheduling electric vehicles and mobile energy storage systems, this study develops a collaborative scheduling model incorporating the prediction of geographically and chronologically varying distributions of electric vehicles. Non-dominated sorting genetic algorithm-III is then applied to solve this model. Validation through case studies, conducted on the IEEE-69 bus system and an actual urban road network in southern China, demonstrates the model’s efficacy. Case studies reveal that compared to the initial disordered state, the optimized strategy yields a 122.6% increase in profits of the electric vehicle charging station operator, a 44.7% reduction in costs to the electric vehicle user, and a 62.5% decrease in voltage deviation. Furthermore, non-dominated sorting genetic algorithm-III exhibits superior comprehensive performance in multi-objective optimization when benchmarked against two alternative algorithms. Full article

This paper investigates the optimal planning of high-speed rail (HSR) freight operations, pricing strategies, and government carbon tax policies. The primary objective is to enhance the market share of HSR freight, thereby reducing carbon dioxide (CO₂) emissions associated with freight activities. The modal shift problem is formulated as a bi-level multi-objective model and solved using a specifically designed hybrid algorithm. The upper-level model integrates multiple objectives of the government (minimizing tax while maximizing the emission reduction rate) and HSR operators (maximizing profits). The lower-level model represents shippers’ transportation mode choices through network equilibrium modeling, aiming to minimize their costs. Numerical analysis is conducted using a transportation network that includes seven major central cities in China. The results indicate that optimizing HSR freight services with carbon tax policies can achieve a 56.97% reduction in CO₂ emissions compared to air freight only. The effectiveness of the government’s carbon tax policy in reducing CO₂ emissions depends on shippers’ emphasis on carbon reduction and the intensity of the carbon tax. Full article

The establishment of carbon capture, utilization, and storage supply chains at the national level is crucial for meeting global decarbonization targets: they have been suggested as a solution to maintain the global temperature rise below 2 °C relative to preindustrial levels. Optimizing these systems requires a balance of economic viability with environmental impact, but this is a challenge due to diverse operational limitations. This paper introduces an optimization framework that integrates life cycle assessment with a source-sink model while combining the geographical storage and conversion pathways of carbon dioxide into high-value chemicals. This study explores the economic and environmental outcomes of national carbon capture, utilization, and storage networks, considering several constraints, such as carbon dioxide reduction goals, product market demand, and renewable hydrogen availability. The framework is utilized in Germany as a case study, presenting three case studies to maximize overall annual profit and life cycle greenhouse gas reduction. In all analyzed scenarios, the results indicate a clear trade-off between profitability and emission reductions: profit-driven strategies are characterized by increased emissions, while environmental strategies have higher costs despite the environmental benefit. In addition, cost-optimal cases prefer high-profit utilization routes (e.g., gasoline through methane reforming) and cost-effective capture technologies, leading to significant profitability. On the other hand, climate-optimal approaches require diversification, integrating carbon dioxide storage with conversion pathways that exhibit lower emissions (e.g., gasoline, acetic acid, methanol through carbon dioxide hydrogenation). The proposed method significantly contributes to developing and constructing more sustainable, large-scale carbon projects. Full article