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Keywords = risk transmission network

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20 pages, 1023 KiB  
Article
Joint Optimization of Radio and Computational Resource Allocation in Uplink NOMA-Based Remote State Estimation
by Rongzhen Li and Lei Xu
Sensors 2025, 25(15), 4686; https://doi.org/10.3390/s25154686 - 29 Jul 2025
Viewed by 162
Abstract
In industrial wireless networks beyond 5G and toward 6G, combining uplink non-orthogonal multiple access (NOMA) with the Kalman filter (KF) effectively reduces interruption risks and transmission delays in remote state estimation. However, the complexity of wireless environments and concurrent multi-sensor transmissions introduce significant [...] Read more.
In industrial wireless networks beyond 5G and toward 6G, combining uplink non-orthogonal multiple access (NOMA) with the Kalman filter (KF) effectively reduces interruption risks and transmission delays in remote state estimation. However, the complexity of wireless environments and concurrent multi-sensor transmissions introduce significant interference and latency, impairing the KF’s ability to continuously obtain reliable observations. Meanwhile, existing remote state estimation systems typically rely on oversimplified wireless communication models, unable to adequately handle the dynamics and interference in realistic network scenarios. To address these limitations, this paper formulates a novel dynamic wireless resource allocation problem as a mixed-integer nonlinear programming (MINLP) model. By jointly optimizing sensor grouping and power allocation—considering sensor available power and outage probability constraints—the proposed scheme minimizes both estimation outage and transmission delay. Simulation results demonstrate that, compared to conventional approaches, our method significantly improves transmission reliability and KF estimation performance, thus providing robust technical support for remote state estimation in next-generation industrial wireless networks. Full article
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18 pages, 2954 KiB  
Article
A Multi-Objective Decision-Making Method for Optimal Scheduling Operating Points in Integrated Main-Distribution Networks with Static Security Region Constraints
by Kang Xu, Zhaopeng Liu and Shuaihu Li
Energies 2025, 18(15), 4018; https://doi.org/10.3390/en18154018 - 28 Jul 2025
Viewed by 267
Abstract
With the increasing penetration of distributed generation (DG), integrated main-distribution networks (IMDNs) face challenges in rapidly and effectively performing comprehensive operational risk assessments under multiple uncertainties. Thereby, using the traditional hierarchical economic scheduling method makes it difficult to accurately find the optimal scheduling [...] Read more.
With the increasing penetration of distributed generation (DG), integrated main-distribution networks (IMDNs) face challenges in rapidly and effectively performing comprehensive operational risk assessments under multiple uncertainties. Thereby, using the traditional hierarchical economic scheduling method makes it difficult to accurately find the optimal scheduling operating point. To address this problem, this paper proposes a multi-objective dispatch decision-making optimization model for the IMDN with static security region (SSR) constraints. Firstly, the non-sequential Monte Carlo sampling is employed to generate diverse operational scenarios, and then the key risk characteristics are extracted to construct the risk assessment index system for the transmission and distribution grid, respectively. Secondly, a hyperplane model of the SSR is developed for the IMDN based on alternating current power flow equations and line current constraints. Thirdly, a risk assessment matrix is constructed through optimal power flow calculations across multiple load levels, with the index weights determined via principal component analysis (PCA). Subsequently, a scheduling optimization model is formulated to minimize both the system generation costs and the comprehensive risk, where the adaptive grid density-improved multi-objective particle swarm optimization (AG-MOPSO) algorithm is employed to efficiently generate Pareto-optimal operating point solutions. A membership matrix of the solution set is then established using fuzzy comprehensive evaluation to identify the optimal compromised operating point for dispatch decision support. Finally, the effectiveness and superiority of the proposed method are validated using an integrated IEEE 9-bus and IEEE 33-bus test system. Full article
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17 pages, 2181 KiB  
Article
Sustainability Analysis of the Global Hydrogen Trade Network from a Resilience Perspective: A Risk Propagation Model Based on Complex Networks
by Sai Chen and Yuxi Tian
Energies 2025, 18(15), 3944; https://doi.org/10.3390/en18153944 - 24 Jul 2025
Viewed by 218
Abstract
Hydrogen is being increasingly integrated into the international trade system as a clean and flexible energy carrier, motivated by the global energy transition and carbon neutrality objectives. The rapid expansion of the global hydrogen trade network has simultaneously exposed several sustainability challenges, including [...] Read more.
Hydrogen is being increasingly integrated into the international trade system as a clean and flexible energy carrier, motivated by the global energy transition and carbon neutrality objectives. The rapid expansion of the global hydrogen trade network has simultaneously exposed several sustainability challenges, including a centralized structure, overdependence on key countries, and limited resilience to external disruptions. Based on this, we develop a risk propagation model that incorporates the absorption capacity of nodes to simulate the propagation of supply shortage risks within the global hydrogen trade network. Furthermore, we propose a composite sustainability index constructed from structural, economic, and environmental resilience indicators, enabling a systematic assessment of the network’s sustainable development capacity under external shock scenarios. Findings indicate the following: (1) The global hydrogen trade network is undergoing a structural shift from a Western Europe-dominated unipolar configuration to a more polycentric pattern. Countries such as China and Singapore are emerging as key hubs linking Eurasian regions, with trade relationships among nations becoming increasingly dense and diversified. (2) Although supply shortage shocks trigger structural disturbances, economic losses, and risks of carbon rebound, their impacts are largely concentrated in a limited number of hub countries, with relatively limited disruption to the overall sustainability of the system. (3) Countries exhibit significant heterogeneity in structural, economic, and environmental resilience. Risk propagation demonstrates an uneven pattern characterized by hub-induced disruptions, chain-like transmission, and localized clustering. Accordingly, policy recommendations are proposed, including the establishment of a polycentric coordination mechanism, the enhancement of regional emergency coordination mechanisms, and the advancement of differentiated capacity-building efforts. Full article
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35 pages, 2334 KiB  
Article
Identification of Critical Exposed Elements and Strategies for Mitigating Secondary Hazards in Flood-Induced Coal Mine Accidents
by Xue Yang, Chen Liu, Langxuan Pan, Xiaona Su, Ke He and Ziyu Mao
Water 2025, 17(15), 2181; https://doi.org/10.3390/w17152181 - 22 Jul 2025
Viewed by 203
Abstract
Natech events, involving multi-hazard coupling and cascading effects, pose serious threats to coal mine safety. This paper addresses flood-induced Natech scenarios in coal mining and introduces a two-stage cascading analysis framework based on hazard systems theory. A tri-layered network—comprising natural hazards, exposed elements, [...] Read more.
Natech events, involving multi-hazard coupling and cascading effects, pose serious threats to coal mine safety. This paper addresses flood-induced Natech scenarios in coal mining and introduces a two-stage cascading analysis framework based on hazard systems theory. A tri-layered network—comprising natural hazards, exposed elements, and secondary hazards—models hazard propagation. In Stage 1, an improved adjacency information entropy algorithm with multi-hazard coupling coefficients identifies critical exposed elements. In Stage 2, Dijkstra’s algorithm extracts key risk transmission paths. A dual-dimensional classification method, based on entropy and transmission risk, is then applied to prioritize emergency responses. This method integrates the criticality of exposed elements with the risk levels associated with secondary disaster propagation paths. Case studies validate the framework, revealing: (1) Hierarchical heterogeneity in the network, with surface facilities and surrounding hydrological systems as central hubs; shaft and tunnel systems and surrounding geological systems are significantly affected by propagation from these core nodes, exhibiting marked instability. (2) Strong risk polarization in secondary hazard propagation, with core-node-originated paths being more efficient and urgent. (3) The entropy-risk classification enables targeted hazard control, improving efficiency. The study proposes chain-breaking strategies for precise, hierarchical, and timely emergency management, enhancing coal mine resilience to flood-induced Natech events. Full article
(This article belongs to the Topic Natural Hazards and Disaster Risks Reduction, 2nd Edition)
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27 pages, 1734 KiB  
Review
Outage Rates and Failure Removal Times for Power Lines and Transformers
by Paweł Pijarski and Adrian Belowski
Appl. Sci. 2025, 15(14), 8030; https://doi.org/10.3390/app15148030 - 18 Jul 2025
Viewed by 341
Abstract
The dynamic development of distributed sources (mainly RES) contributes to the emergence of, among others, balance and overload problems. For this reason, many RES do not receive conditions for connection to the power grid in Poland. Operators sometimes extend permits based on the [...] Read more.
The dynamic development of distributed sources (mainly RES) contributes to the emergence of, among others, balance and overload problems. For this reason, many RES do not receive conditions for connection to the power grid in Poland. Operators sometimes extend permits based on the possibility of periodic power reduction in RES in the event of the problems mentioned above. Before making a decision, investors, for economic reasons, need information on the probability of annual power reduction in their potential installation. Analyses that allow one to determine such a probability require knowledge of the reliability indicators of transmission lines and transformers, as well as failure removal times. The article analyses the available literature on the annual risk of outages of these elements and methods to determine the appropriate reliability indicators. Example calculations were performed for two networks (test and real). The values of indicators and times that can be used in practice were indicated. The unique contribution of this article lies not only in the comprehensive comparison of current, relevant transmission line and transformer reliability analysis methods but also in developing the first reliability indices for the Polish power system in more than 30 years. It is based on the relationships presented in the article and their comparison with results reported in the international literature. Full article
(This article belongs to the Section Electrical, Electronics and Communications Engineering)
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25 pages, 4094 KiB  
Article
Risk–Cost Equilibrium for Grid Reinforcement Under High Renewable Penetration: A Bi-Level Optimization Framework with GAN-Driven Scenario Learning
by Feng Liang, Ying Mu, Dashun Guan, Dongliang Zhang and Wenliang Yin
Energies 2025, 18(14), 3805; https://doi.org/10.3390/en18143805 - 17 Jul 2025
Viewed by 364
Abstract
The integration of high-penetration renewable energy sources (RESs) into transmission networks introduces profound uncertainty that challenges traditional infrastructure planning approaches. Existing transmission expansion planning (TEP) models either rely on static scenario sets or over-conservative worst-case assumptions, failing to capture the operational stress triggered [...] Read more.
The integration of high-penetration renewable energy sources (RESs) into transmission networks introduces profound uncertainty that challenges traditional infrastructure planning approaches. Existing transmission expansion planning (TEP) models either rely on static scenario sets or over-conservative worst-case assumptions, failing to capture the operational stress triggered by rare but structurally impactful renewable behaviors. This paper proposes a novel bi-level optimization framework for transmission planning under adversarial uncertainty, coupling a distributionally robust upper-level investment model with a lower-level operational response embedded with physics and market constraints. The uncertainty space was not exogenously fixed, but instead dynamically generated through a physics-informed spatiotemporal generative adversarial network (PI-ST-GAN), which synthesizes high-risk renewable and load scenarios designed to maximally challenge the system’s resilience. The generator was co-trained using a composite stress index—combining expected energy not served, loss-of-load probability, and marginal congestion cost—ensuring that each scenario reflects both physical plausibility and operational extremity. The resulting bi-level model was reformulated using strong duality, and it was decomposed into a tractable mixed-integer structure with embedded adversarial learning loops. The proposed framework was validated on a modified IEEE 118-bus system with high wind and solar penetration. Results demonstrate that the GAN-enhanced planner consistently outperforms deterministic and stochastic baselines, reducing renewable curtailment by up to 48.7% and load shedding by 62.4% under worst-case realization. Moreover, the stress investment frontier exhibits clear convexity, enabling planners to identify cost-efficient resilience strategies. Spatial congestion maps and scenario risk-density plots further illustrate the ability of adversarial learning to reveal latent structural bottlenecks not captured by conventional methods. This work offers a new methodological paradigm, in which optimization and generative AI co-evolve to produce robust, data-aware, and stress-responsive transmission infrastructure designs. Full article
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24 pages, 6250 KiB  
Article
A Failure Risk-Aware Multi-Hop Routing Protocol in LPWANs Using Deep Q-Network
by Shaojun Tao, Hongying Tang, Jiang Wang and Baoqing Li
Sensors 2025, 25(14), 4416; https://doi.org/10.3390/s25144416 - 15 Jul 2025
Viewed by 250
Abstract
Multi-hop routing over low-power wide-area networks (LPWANs) has emerged as a promising technology for extending network coverage. However, existing protocols face high transmission disruption risks due to factors such as dynamic topology driven by stochastic events, dynamic link quality, and coverage holes induced [...] Read more.
Multi-hop routing over low-power wide-area networks (LPWANs) has emerged as a promising technology for extending network coverage. However, existing protocols face high transmission disruption risks due to factors such as dynamic topology driven by stochastic events, dynamic link quality, and coverage holes induced by imbalanced energy consumption. To address this issue, we propose a failure risk-aware deep Q-network-based multi-hop routing (FRDR) protocol, aiming to reduce transmission disruption probability. First, we design a power regulation mechanism (PRM) that works in conjunction with pre-selection rules to optimize end-device node (EN) activations and candidate relay selection. Second, we introduce the concept of routing failure risk value (RFRV) to quantify the potential failure risk posed by each candidate next-hop EN, which correlates with its neighborhood state characteristics (i.e., the number of neighbors, the residual energy level, and link quality). Third, a deep Q-network (DQN)-based routing decision mechanism is proposed, where a multi-objective reward function incorporating RFRV, residual energy, distance to the gateway, and transmission hops is utilized to determine the optimal next-hop. Simulation results demonstrate that FRDR outperforms existing protocols in terms of packet delivery rate and network lifetime while maintaining comparable transmission delay. Full article
(This article belongs to the Special Issue Security, Privacy and Trust in Wireless Sensor Networks)
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13 pages, 3222 KiB  
Article
Effect of Flaxseed Gum on the Gelling and Structural Properties of Fish Gelatin
by Ting-Ting Wu, Ya-Ting Kuang, Chun-Yan Peng, Xin-Wu Hu, Ping Yuan, Xiao-Mei Sha and Zi-Zi Hu
Fishes 2025, 10(7), 346; https://doi.org/10.3390/fishes10070346 - 14 Jul 2025
Viewed by 220
Abstract
Fish gelatin (FG) has garnered significant attention as an alternative to mammalian gelatin, primarily attributed to its distinct advantages. These include the absence of epidemic transmission risks and the lack of religious restrictions, making it a more universally acceptable and safer option. However, [...] Read more.
Fish gelatin (FG) has garnered significant attention as an alternative to mammalian gelatin, primarily attributed to its distinct advantages. These include the absence of epidemic transmission risks and the lack of religious restrictions, making it a more universally acceptable and safer option. However, its application is limited due to shortcomings such as insufficient gel properties (such as rheological properties, gel strength, etc.). In this study, flaxseed gum (FFG) of 0–1.2% w/v was used to modify FG. The rheological properties, structural characteristics, and chemical bond changes of FG before and after modification were systematically analyzed using instruments such as a rheometer, infrared spectrometer, and Zeta potential analyzer. The results revealed that an appropriate amount of FFG could increase the gel strength of FG, but excessive FFG (>0.4%) reduced its gel strength. Moreover, FFG could increase the gelation transition temperature and apparent viscosity of the composite gel. FTIR confirmed that FFG and FG were bound through hydrogen bonding, β-sheet structure formation, and multi-electrolyte complexation. The ESEM showed that FFG promoted the formation of a denser network structure of FG. This study laid a theoretical foundation for the application and development of FG in the field of high-gel foods. Full article
(This article belongs to the Special Issue Fish Processing and Preservation Technologies)
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16 pages, 959 KiB  
Article
Impact of Prior SARS-CoV-2 Infection on COVID-19 Vaccine Effectiveness in Children and Adolescents in Norway and Italy
by Elisa Barbieri, Nhung T. H. Trinh, Costanza Di Chiara, Giovanni Corrao, Riccardo Boracchini, Ester Rosa, Cecilia Liberati, Daniele Donà, Angela Lupattelli, Carlo Giaquinto and Anna Cantarutti
Vaccines 2025, 13(7), 698; https://doi.org/10.3390/vaccines13070698 - 27 Jun 2025
Viewed by 459
Abstract
Background and objective: The approval of mRNA-based vaccines for children and adolescents has contributed to global efforts to control the SARS-CoV-2 pandemic. While hybrid immunity—combining prior SARS-CoV-2 infection and vaccination—may offer enhanced protection, data on its effectiveness versus vaccine-induced immunity in the [...] Read more.
Background and objective: The approval of mRNA-based vaccines for children and adolescents has contributed to global efforts to control the SARS-CoV-2 pandemic. While hybrid immunity—combining prior SARS-CoV-2 infection and vaccination—may offer enhanced protection, data on its effectiveness versus vaccine-induced immunity in the pediatric population are limited. Methods: This retrospective matched cohort study used linked health data from Norwegian nationwide health registries and the Italian Pedianet network. The study included children and adolescents aged 5–14 years eligible for COVID-19 vaccination at the time of approval (May/September 2021 and November 2021/January 2022, respectively). Mono- and two-dose vaccination schedules were assessed, and hybrid immunity was defined as prior SARS-CoV-2 infection followed by vaccination within 12 months. Conditional Cox regression models were used to estimate hazard ratios (HRs) for SARS-CoV-2 infection risk, adjusting for sociodemographics, comorbidities, and healthcare utilization. Results: The study included 626,537 children and adolescents in Norway and 38,938 in Italy. A single dose of the vaccine did not reduce the risk of infection among SARS-CoV-2–naive individuals in Norway (HR: 1.05; 95% CI: 1.04–1.07), whereas it was associated with an 8% risk reduction in Italy (HR: 0.92; 95% CI: 0.88–0.96). Among individuals with a recent prior infection (within 12 months), vaccination was associated with a reduced risk of reinfection in Norway (HR: 0.10; 95% CI: 0.05–0.13), but not in Italy (HR: 1.22; 95% CI: 0.83–1.80), compared to no vaccination. Among those with prior infection, vaccination was associated with a significantly reduced risk of reinfection in Norway (HR = 0.10; 95% CI: 0.05–0.20), but not in Italy (HR = 0.55; 95% CI: 0.27–1.11). Hybrid immunity provided greater protection against (re-)infection compared to vaccine-induced immunity alone, with a 26% risk reduction observed in Norway (HR = 0.74; 95% CI = 0.47–0.1.16) and an 86% reduction in Italy (HR = 0.14; 95% CI = 0.09–0.21). Conclusions: This analysis supports the effectiveness of SARS-CoV-2 vaccines in children, with hybrid immunity offering enhanced protection against reinfection. Given the waning effectiveness of vaccines over time, continued research and booster strategies are essential to sustain protection and mitigate transmission. Full article
(This article belongs to the Special Issue Advance Public Health Through Vaccination)
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68 pages, 3234 KiB  
Article
Monetary Policy Transmission Under Global Versus Local Geopolitical Risk: Exploring Time-Varying Granger Causality, Frequency Domain, and Nonlinear Territory in Tunisia
by Emna Trabelsi
Economies 2025, 13(7), 185; https://doi.org/10.3390/economies13070185 - 27 Jun 2025
Viewed by 717
Abstract
Using time-varying Granger causality, Neural Networks Nonlinear VAR, and Wavelet Coherence analysis, we evidence the unstable effect of the money market rate on industrial production and consumer price index in Tunisia. The effect is asymmetric and depends on geopolitical risk (low versus high). [...] Read more.
Using time-varying Granger causality, Neural Networks Nonlinear VAR, and Wavelet Coherence analysis, we evidence the unstable effect of the money market rate on industrial production and consumer price index in Tunisia. The effect is asymmetric and depends on geopolitical risk (low versus high). We show that global geopolitical risk has both detriments and benefits sides—it is a threat and an opportunity for monetary policy transmission mechanisms. Interacted local projections (LPs) reveal short–medium-term volatility or dampening effects, suggesting that geopolitical uncertainty might weaken the immediate impact of monetary policy on output and prices. In uncertain environments (e.g., high geopolitical risk), economic agents—households and businesses—may adopt a wait-and-see approach. They delay consumption and investment decisions, which could initially mute the impact of monetary policy. Agents may delay their responses until they gain more information about geopolitical developments. Once clarity emerges, they may adjust their behavior, aligning with the long-run effects observed in the Vector Error Correction Model (VECM). Furthermore, we identify an exacerbating investor sentiment following tightening monetary policy, during global and local geopolitical episodes. The impact is even more pronounced under conditions of high domestic weakness. Evidence is extracted through a novel composite index that we construct using Principal Component Analysis (PCA). Our results have implications for the Central Bank’s monetary policy conduct and communication practices. Full article
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23 pages, 2140 KiB  
Review
Stopping Tuberculosis at the Gate: The Role of M. tuberculosis Adhesins in Infection and Intervention
by Haoyan Yang, Yinuo Ma, Xinkui Lei, Siyu Chai, Sigen Zhang, Guimin Su, Songping Li and Lin Du
Vaccines 2025, 13(7), 676; https://doi.org/10.3390/vaccines13070676 - 24 Jun 2025
Viewed by 449
Abstract
The global burden of tuberculosis (TB), exacerbated by the rise of drug-resistant Mycobacterium tuberculosis (M. tuberculosis), underscores the need for alternative intervention strategies. One promising approach is to block the infection at its earliest stage—bacterial adhesion to host cells—thereby preventing colonization [...] Read more.
The global burden of tuberculosis (TB), exacerbated by the rise of drug-resistant Mycobacterium tuberculosis (M. tuberculosis), underscores the need for alternative intervention strategies. One promising approach is to block the infection at its earliest stage—bacterial adhesion to host cells—thereby preventing colonization and transmission without exerting selective pressure. Adhesins, surface-exposed molecules mediating this critical interaction, have therefore emerged as attractive targets for early prevention. This review outlines the infection process driven by bacterial adhesion and describes the architecture of the M. tuberculosis outer envelope, emphasizing components that contribute to host interaction. We comprehensively summarize both non-protein and protein adhesins, detailing their host receptors, biological roles, and experimental evidence. Recent progress in the computational prediction of adhesins, particularly neural network-based tools like SPAAN, is also discussed, highlighting its potential to accelerate adhesin discovery. Additionally, we present a detailed, generalized workflow for predicting M. tuberculosis adhesins, which synthesizes current approaches and provides a comprehensive framework for future studies. Targeting bacterial adhesion presents a therapeutic strategy that interferes with the early stages of infection while minimizing the risk of developing drug resistance. Consequently, anti-adhesion strategies may serve as valuable complements to conventional therapies and support the development of next-generation TB vaccines and treatments. Full article
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32 pages, 2505 KiB  
Article
Impact of Geopolitical and International Trade Dynamics on Corporate Vulnerability and Insolvency Risk: A Graph-Based Approach
by Yu Zhang, Elena Sánchez Arnau and Enrique A. Sánchez Pérez
Information 2025, 16(7), 525; https://doi.org/10.3390/info16070525 - 23 Jun 2025
Viewed by 598
Abstract
In the context of the globalization process, the interplay between geopolitical dynamics and international trade fluctuations has had significant effects on global economic and business stability. Recent crises, such as the US–China trade war, the invasion of Ukraine, and the COVID-19 pandemic, have [...] Read more.
In the context of the globalization process, the interplay between geopolitical dynamics and international trade fluctuations has had significant effects on global economic and business stability. Recent crises, such as the US–China trade war, the invasion of Ukraine, and the COVID-19 pandemic, have highlighted how changes in the structure of international trade can amplify the risks of business failure and reshape global competitiveness. This study aims to analyze in depth the transmission of business failure risk within the global trade network by assessing the sensitivity of industrial sectors in different countries to disruptive/critical/significant events. Through the integration of data from sources such as the World Trade Organization, national customs, and international relations research centers, a quantitative, exploratory, and descriptive approach based on graph theory, random forest, multivariate regression models, and neural networks is developed. This quantitative system makes it possible to identify patterns of risk propagation and to evaluate the degree of vulnerability of each country according to its commercial and financial structure. The mechanisms that relate geopolitical factors, such as trade sanctions and international conflicts, with the oscillations in the global market are analyzed. This study not only contributes to our understanding of how the macroeconomic environment influences business survival, but also provides analytical tools for strategic decision making. By providing an empirical and theoretical framework for early risk identification, it brings a novel perspective to academia and business, facilitating better adaptation to an increasingly volatile and uncertain business environment. Full article
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27 pages, 3082 KiB  
Article
Analyzing Systemic Risk Spillover Networks Through a Time-Frequency Approach
by Liping Zheng, Ziwei Liang, Jiaoting Yi and Yuhan Zhu
Mathematics 2025, 13(13), 2070; https://doi.org/10.3390/math13132070 - 22 Jun 2025
Viewed by 512
Abstract
This paper investigates the spillover effects and transmission networks of systemic risk within China’s national economic sectors under extreme conditions from both time and frequency domain perspectives, building upon the spillover index methodology and calculating the ∆CoVaR index for Chinese industries. The findings [...] Read more.
This paper investigates the spillover effects and transmission networks of systemic risk within China’s national economic sectors under extreme conditions from both time and frequency domain perspectives, building upon the spillover index methodology and calculating the ∆CoVaR index for Chinese industries. The findings indicate the following: (1) Extreme-risk spillovers synchronize across industries but exhibit pronounced time-varying peaks during the 2008 Global Financial Crisis, the 2015 crash, and the COVID-19 pandemic. (2) Long-term spillovers dominate overall connectedness, highlighting the lasting impact of fundamentals and structural linkages. (3) In terms of risk volatility, Energy, Materials, Consumer Discretionary, and Financials are most sensitive to systemic market shocks. (4) On the risk spillover effect, Consumer Discretionary, Industrials, Healthcare, and Information Technology consistently act as net transmitters of extreme risk, while Energy, Materials, Consumer Staples, Financials, Telecom Services, Utilities, and Real Estate primarily serve as net receivers. Based on these findings, the paper suggests deepening the regulatory mechanisms for systemic risk, strengthening the synergistic effect of systemic risk measurement and early warning indicators, and coordinating risk monitoring, early warning, and risk prevention and mitigation. It further emphasizes the importance of avoiding fragmented regulation by establishing a joint risk prevention mechanism across sectors and departments, strengthening the supervision of inter-industry capital flows. Finally, it highlights the need to closely monitor the formation mechanisms and transmission paths of new financial risks under the influence of the pandemic to prevent the accumulation and eruption of risks in the post-pandemic era. Authorities must conduct annual “Industry Transmission Reviews” to map emerging risk nodes and supply-chain vulnerabilities, refine policy tools, and stabilize market expectations so as to forestall the build-up and sudden release of new systemic shocks. Full article
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24 pages, 3214 KiB  
Article
Risk Contagion Mechanism and Control Strategies in Supply Chain Finance Using SEIR Epidemic Model from the Perspective of Commercial Banks
by Xiaojing Liu, Jie Gao and Mingfeng He
Mathematics 2025, 13(13), 2051; https://doi.org/10.3390/math13132051 - 20 Jun 2025
Viewed by 357
Abstract
Over the past decade, the rapid growth of supply chain finance (SCF) in developing countries has made it a key profit driver for commercial banks and financial firms. In parallel, financial risk control in SCF has attracted more and more attention from financial [...] Read more.
Over the past decade, the rapid growth of supply chain finance (SCF) in developing countries has made it a key profit driver for commercial banks and financial firms. In parallel, financial risk control in SCF has attracted more and more attention from financial service providers and has gained research momentum in recent years. This study analyzes the contagion mechanism of SCF-related risks faced by commercial banks through examining SCF network topology. First, this study uses complex network theory to integrate an SEIR epidemic model (Susceptible–Exposed–Infectious–Recovered) into financial risk management. The model simulates how financial risks spread in supply chain finance (SCF) under banks’ strategic, tactical, or operational interventions. Then, some key points for financial risk control from the perspective of commercial banks are obtained by investigating the risk stability threshold of the financial network of SCF and its stability. Numerical simulations show that effective interventions—such as strengthening loan guarantees to reduce the number of exposed firms—significantly curb risk transmission by restricting its scope and shortening its duration. This research provides commercial banks with a quantitative framework to analyze risk propagation and actionable strategies to optimize SCF risk control, enhancing financial system stability and offering practical guidance for preventing systemic risks. Full article
(This article belongs to the Section E5: Financial Mathematics)
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22 pages, 3277 KiB  
Article
Power Oscillation Emergency Support Strategy for Wind Power Clusters Based on Doubly Fed Variable-Speed Pumped Storage Power Support
by Weidong Chen and Jianyuan Xu
Symmetry 2025, 17(6), 964; https://doi.org/10.3390/sym17060964 - 17 Jun 2025
Viewed by 331
Abstract
Single-phase short-circuit faults are severe asymmetrical fault modes in high renewable energy power systems. They can easily cause large-scale renewable energy to enter the low-voltage ride-through (LVRT) state. When such symmetrical or asymmetrical faults occur in the transmission channels of high-proportion wind power [...] Read more.
Single-phase short-circuit faults are severe asymmetrical fault modes in high renewable energy power systems. They can easily cause large-scale renewable energy to enter the low-voltage ride-through (LVRT) state. When such symmetrical or asymmetrical faults occur in the transmission channels of high-proportion wind power clusters, they may trigger the tripping of thermal power units and a transient voltage drop in most wind turbines in the high-proportion wind power area. This causes an instantaneous active power deficiency and poses a low-frequency oscillation risk. To address the deficiencies of wind turbine units in fault ride-through (FRT) and active frequency regulation capabilities, a power emergency support scheme for wind power clusters based on doubly fed variable-speed pumped storage dynamic excitation is proposed. A dual-channel energy control model for variable-speed pumped storage units is established via AC excitation control. This model provides inertia support and FRT energy simultaneously through AC excitation control of variable-speed pumped storage units. Considering the transient stability of the power network in the wind power cluster transmission system, this scheme prioritizes offering dynamic reactive power to support voltage recovery and suppresses power oscillations caused by power deficiency during LVRT. The electromagnetic torque completed the power regulation within 0.4 s. Finally, the effectiveness of the proposed strategy is verified through modeling and analysis based on the actual power network of a certain region in Northeast China. Full article
(This article belongs to the Special Issue Advances in Intelligent Power Electronics with Symmetry/Asymmetry)
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