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Search Results (3,163)

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25 pages, 1429 KiB  
Review
Large Language Models for Structured and Semi-Structured Data, Recommender Systems and Knowledge Base Engineering: A Survey of Recent Techniques and Architectures
by Alma Smajić, Ratomir Karlović, Mieta Bobanović Dasko and Ivan Lorencin
Electronics 2025, 14(15), 3153; https://doi.org/10.3390/electronics14153153 (registering DOI) - 7 Aug 2025
Abstract
Large Language Models (LLMs) are reshaping recommendation systems through enhanced language understanding, reasoning, and integration with structured data. This systematic review analyzes 88 studies published between 2023 and 2025, categorized into three thematic areas: data processing, technical identification, and LLM-based recommendation architectures. Following [...] Read more.
Large Language Models (LLMs) are reshaping recommendation systems through enhanced language understanding, reasoning, and integration with structured data. This systematic review analyzes 88 studies published between 2023 and 2025, categorized into three thematic areas: data processing, technical identification, and LLM-based recommendation architectures. Following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, the review highlights key trends such as the use of knowledge graphs, Retrieval-Augmented Generation (RAG), domain-specific fine-tuning, and robustness improvements. Findings reveal that while LLMs significantly advance semantic reasoning and personalization, challenges remain in hallucination mitigation, fairness, and domain adaptation. Technical innovations, including graph-augmented retrieval methods and human-in-the-loop validation, show promise in addressing these limitations. The review also considers the broader macroeconomic implications associated with the deployment of LLM-based systems, particularly as they relate to scalability, labor dynamics, and resource-intensive implementation in real-world recommendation contexts, emphasizing both productivity gains and potential labor market shifts. This work provides a structured overview of current methods and outlines future directions for developing reliable and efficient LLM-based recommendation systems. Full article
(This article belongs to the Special Issue Advances in Algorithm Optimization and Computational Intelligence)
24 pages, 1966 KiB  
Article
A Hybrid Bayesian Machine Learning Framework for Simultaneous Job Title Classification and Salary Estimation
by Wail Zita, Sami Abou El Faouz, Mohanad Alayedi and Ebrahim E. Elsayed
Symmetry 2025, 17(8), 1261; https://doi.org/10.3390/sym17081261 - 7 Aug 2025
Abstract
In today’s fast-paced and evolving job market, salary continues to play a critical role in career decision-making. The ability to accurately classify job titles and predict corresponding salary ranges is increasingly vital for organizations seeking to attract and retain top talent. This paper [...] Read more.
In today’s fast-paced and evolving job market, salary continues to play a critical role in career decision-making. The ability to accurately classify job titles and predict corresponding salary ranges is increasingly vital for organizations seeking to attract and retain top talent. This paper proposes a novel approach, the Hybrid Bayesian Model (HBM), which combines Bayesian classification with advanced regression techniques to jointly address job title identification and salary prediction. HBM is designed to capture the inherent complexity and variability of real-world job market data. The model was evaluated against established machine learning (ML) algorithms, including Random Forests (RF), Support Vector Machines (SVM), Decision Trees (DT), and multinomial naïve Bayes classifiers. Experimental results show that HBM outperforms these benchmarks, achieving 99.80% accuracy, 99.85% precision, 100% recall, and an F1 score of 98.8%. These findings highlight the potential of hybrid ML frameworks to improve labor market analytics and support data-driven decision-making in global recruitment strategies. Consequently, the suggested HBM algorithm provides high accuracy and handles the dual tasks of job title classification and salary estimation in a symmetric way. It does this by learning from class structures and mirrored decision limits in feature space. Full article
(This article belongs to the Special Issue Mathematics: Feature Papers 2025)
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23 pages, 394 KiB  
Article
Integrated ERP Systems—Determinant Factors for Their Adoption in Romanian Organizations
by Octavian Dospinescu and Sabin Buraga
Systems 2025, 13(8), 667; https://doi.org/10.3390/systems13080667 - 6 Aug 2025
Abstract
This study examines the factors influencing the adoption of enterprise resource planning (ERP) systems within Romanian organizations. The objective is to develop a comprehensive framework for ERP adoption decisions, thereby advancing the field of knowledge and offering managerial insights. To accomplish this research [...] Read more.
This study examines the factors influencing the adoption of enterprise resource planning (ERP) systems within Romanian organizations. The objective is to develop a comprehensive framework for ERP adoption decisions, thereby advancing the field of knowledge and offering managerial insights. To accomplish this research goal, a questionnaire is envisioned, employing various research hypotheses, and distributed to a representative sample. Quantitative econometric regression analysis is employed, considering potential factors such as user training and education, competitive pressures, user involvement and participation, decentralized ERP features, top management support, data quality, the quality of the ERP system, cost and budget considerations, and business process reengineering. Of the 12 factors analyzed, 9 were found to be relevant in terms of influence on the decision to adopt ERP systems, in the context of the Romanian market. The other three factors were found to be irrelevant, thus obtaining results partially different from other areas of the world. By validating the hypotheses and answering the research questions, this work addresses a research gap regarding the lack of a comprehensive understanding of the influencing factors that shape the adoption process of ERP systems in Romania. Full article
(This article belongs to the Special Issue Management Control Systems in the Era of Digital Transformation)
36 pages, 5003 KiB  
Article
Towards Smart Wildfire Prevention: Development of a LoRa-Based IoT Node for Environmental Hazard Detection
by Luis Miguel Pires, Vitor Fialho, Tiago Pécurto and André Madeira
Designs 2025, 9(4), 91; https://doi.org/10.3390/designs9040091 - 5 Aug 2025
Abstract
The increase in the number of wildfires in recent years in different parts of the world has caused growing concern among the population, since the consequences of these fires go beyond the destruction of the ecosystem. With the growing relevance of the Internet [...] Read more.
The increase in the number of wildfires in recent years in different parts of the world has caused growing concern among the population, since the consequences of these fires go beyond the destruction of the ecosystem. With the growing relevance of the Internet of Things (IoT) industry, developing solutions for the early detection of fires is of critical importance. This paper proposes a low-cost network based on Long-Range (LoRa) technology to autonomously assess the level of fire risk and the presence of a fire in rural areas. The system consists of several LoRa nodes with sensors to measure environmental variables such as temperature, humidity, carbon monoxide, air quality, and wind speed. The data collected is sent to a central gateway, where it is stored, processed, and later sent to a website for graphical visualization of the results. In this paper, a survey of the requirements of the devices and sensors that compose the system was made. After this survey, a market study of the available sensors was carried out, ending with a comparison between the sensors to determine which ones met the objectives. Using the chosen sensors, a study was made of possible power solutions for this prototype, considering the expected conditions of use. The system was tested in a real environment, and the results demonstrate that it is possible to cover a circular area with a radius of 2 km using a single gateway. Our system is prepared to trigger fire hazard alarms when, for example, the signals for relative humidity, ambient temperature, and wind speed are below or equal to 30%, above or equal to 30 °C, and above or equal to 30 m/s, respectively (commonly known as the 30-30-30 rule). Full article
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26 pages, 3478 KiB  
Article
Rethinking Routes: The Case for Regional Ports in a Decarbonizing World
by Dong-Ping Song
Logistics 2025, 9(3), 103; https://doi.org/10.3390/logistics9030103 - 4 Aug 2025
Viewed by 167
Abstract
Background: Increasing regulatory pressure for maritime decarbonization (e.g., IMO CII, FuelEU) drives adoption of low-carbon fuels and prompts reassessment of regional ports’ competitiveness. This study aims to evaluate the economic and environmental viability of rerouting deep-sea container services to regional ports in [...] Read more.
Background: Increasing regulatory pressure for maritime decarbonization (e.g., IMO CII, FuelEU) drives adoption of low-carbon fuels and prompts reassessment of regional ports’ competitiveness. This study aims to evaluate the economic and environmental viability of rerouting deep-sea container services to regional ports in a decarbonizing world. Methods: A scenario-based analysis is used to evaluate total costs and CO2 emissions across the entire container shipping supply chain, incorporating deep-sea shipping, port operations, feeder services, and inland rail/road transport. The Port of Liverpool serves as the primary case study for rerouting Asia–Europe services from major ports. Results: Analysis indicates Liverpool’s competitiveness improves with shipping lines’ slow steaming, growth in hinterland shipment volume, reductions in the emission factors of alternative low-carbon fuels, and an increased modal shift to rail matching that of competitor ports (e.g., Southampton). A dual-port strategy, rerouting services to call at both Liverpool and Southampton, shows potential for both economic and environmental benefits. Conclusions: The study concludes that rerouting deep-sea services to regional ports can offer cost and emission advantages under specific operational and market conditions. Findings on factors and conditions influencing competitiveness and the dual-port strategy provide insights for shippers, ports, shipping lines, logistics agents, and policymakers navigating maritime decarbonization. Full article
(This article belongs to the Section Maritime and Transport Logistics)
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25 pages, 2042 KiB  
Article
Primary School Teachers’ Needs for AI-Supported STEM Education
by Cizem Bas and Askin Kiraz
Sustainability 2025, 17(15), 7044; https://doi.org/10.3390/su17157044 - 3 Aug 2025
Viewed by 200
Abstract
In the globalizing world, raising individuals equipped with 21st-century skills is very important for the economic development of countries. Educational practices that support 21st-century skills are also gaining importance. In this context, STEM education, an interdisciplinary educational practice that develops 21st-century skills, emerges. [...] Read more.
In the globalizing world, raising individuals equipped with 21st-century skills is very important for the economic development of countries. Educational practices that support 21st-century skills are also gaining importance. In this context, STEM education, an interdisciplinary educational practice that develops 21st-century skills, emerges. STEM education aims to contribute to sustainable development by training individuals equipped with 21st-century skills and competencies. In a globalizing world, countries must set sustainable development goals to gain a foothold in the global market. In today’s world, where artificial intelligence also shows itself in every area of human life, it is possible to discuss the importance of artificial intelligence-supported STEM education. This study aims to reveal the educational needs of primary school teachers regarding artificial intelligence-supported STEM education. The study was conducted according to the phenomenological design, and the data were collected using a semi-structured interview form and literature review techniques. The thematic analysis method was used in the analysis of the data. According to the research results obtained from the findings of the study, teachers need training on 21st-century skills, interdisciplinary thinking, technology integration into courses, and artificial intelligence practices in courses to develop their knowledge and skills in the context of artificial intelligence-supported STEM education. Full article
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27 pages, 5026 KiB  
Review
China’s Carbon Emissions Trading Market: Current Situation, Impact Assessment, Challenges, and Suggestions
by Qidi Wang, Jinyan Zhan, Hailin Zhang, Yuhan Cao, Zheng Yang, Quanlong Wu and Ali Raza Otho
Land 2025, 14(8), 1582; https://doi.org/10.3390/land14081582 - 3 Aug 2025
Viewed by 173
Abstract
As the world’s largest developing and carbon-emitting country, China is accelerating its greenhouse gas (GHG) emission reduction process, and it is of vital importance in achieving the goals set out in the Paris Agreement. This paper examines the historical development and current operation [...] Read more.
As the world’s largest developing and carbon-emitting country, China is accelerating its greenhouse gas (GHG) emission reduction process, and it is of vital importance in achieving the goals set out in the Paris Agreement. This paper examines the historical development and current operation of China’s carbon emissions trading market (CETM). The current progress of research on the implementation of carbon emissions trading policy (CETP) is described in four dimensions: environment, economy, innovation, and society. The results show that CETP generates clear environmental and social benefits but exhibits mixed economic and innovation effects. Furthermore, this paper analyses the challenges of China’s carbon market, including the green paradox, the low carbon price, the imperfections in cap setting and allocation of allowances, the small scope of coverage, and the weakness of the legal supervision system. Ultimately, this paper proposes recommendations for fostering China’s CETM with the anticipation of offering a comprehensive outlook for future research. Full article
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20 pages, 2272 KiB  
Article
An Important Step for the United States: Efforts to Establish the First Official Trade and Diplomatic Relations with the Ottoman Empire During the Process of Developing Its Economy
by Ebru Güher
Histories 2025, 5(3), 37; https://doi.org/10.3390/histories5030037 - 2 Aug 2025
Viewed by 276
Abstract
This study examines how the newly established United States pursued economic development through diplomatic and commercial initiatives with the Ottoman Empire, navigating regional powers and the era’s political-economic conditions. It analyzes using American archival sources how America endeavored to establish commercial and diplomatic [...] Read more.
This study examines how the newly established United States pursued economic development through diplomatic and commercial initiatives with the Ottoman Empire, navigating regional powers and the era’s political-economic conditions. It analyzes using American archival sources how America endeavored to establish commercial and diplomatic relations with the Ottoman Empire in the Mediterranean and Black Sea regions, which it viewed as critical markets in the late 18th and early 19th centuries, before signing any formal agreement. The research tracks how these early efforts laid foundations for what would become one of the world’s largest economies. The study analyzes America’s diplomatic efforts to secure an agreement with the Ottoman Empire prior to the 7 May 1830 trade agreement—which laid the foundation for bilateral relations—alongside the reactions of regional powers, the prevailing conditions of the period, and the Ottoman administration’s reluctance due to various factors, based on U.S. archival sources that, to the best of our knowledge, have not previously been utilized in existing studies. Full article
(This article belongs to the Section Political, Institutional, and Economy History)
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16 pages, 1414 KiB  
Article
Integrated Analysis of the Safety Experience in Adults with the Bivalent Respiratory Syncytial Virus Prefusion F Vaccine
by Kumar Ilangovan, David Radley, Michael Patton, Emma Shittu, Maria Maddalena Lino, Christos Goulas, Kena A. Swanson, Annaliesa S. Anderson, Alejandra Gurtman and Iona Munjal
Vaccines 2025, 13(8), 827; https://doi.org/10.3390/vaccines13080827 - 1 Aug 2025
Viewed by 330
Abstract
Background/objectives: This was a post hoc analysis of safety data across the bivalent respiratory syncytial virus prefusion F (RSVpreF) vaccine clinical trial development program. Methods: Data from eight clinical trials in 46,913 immunocompetent adults who received RSVpreF or placebo were analyzed. Local reactions [...] Read more.
Background/objectives: This was a post hoc analysis of safety data across the bivalent respiratory syncytial virus prefusion F (RSVpreF) vaccine clinical trial development program. Methods: Data from eight clinical trials in 46,913 immunocompetent adults who received RSVpreF or placebo were analyzed. Local reactions and systemic events were assessed among non-pregnant ≥18-year-olds (n = 9517); adverse events (AEs) among pregnant and non-pregnant 18–59-year-olds (n = 9238); and vaccine-related AEs among non-pregnant ≥18-year-olds (n = 39,314). Post-marketing data in non-pregnant adults were considered. Results: Local reactions and systemic events were reported more frequently in RSVpreF versus placebo recipients; injection site pain was the most common local reaction (RSVpreF, 18.9%; placebo, 7.4%), and fatigue (23.5%; 18.4%) and headache (19.5%; 15.0%) were the most common systemic events. Percentages of AEs within 1 month after vaccination were similar across groups (RSVpreF, 12.8%; placebo, 13.1%); severe AEs were reported in ≤1.5% of participants. Differences in percentages of individuals reporting vaccine-related AEs between the RSVpreF and placebo groups were <0.2% for all related AEs. Serious AEs throughout the study were reported in ≤14.0% (RSVpreF, 12.6%; placebo, 14.0%). No atrial fibrillation, Guillain-Barré syndrome, or acute polyneuropathy cases were reported. The AE data from post-marketing data sources were consistent with the safety profile from the clinical trial program, with no new safety concerns. Conclusions: Integrated data demonstrated that RSVpreF was well tolerated with a favorable safety profile in non-pregnant and pregnant adults. Ongoing surveillance through real-world use and clinical trial experience continue to support the safety profile of RSVpreF. ClinicalTrials.gov: NCT03529773/NCT04071158/NCT04785612/NCT05035212/NCT05096208/NCT05842967/NCT04032093/NCT04424316. Full article
(This article belongs to the Special Issue Host Immunity and Vaccines for Respiratory Pathogens)
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46 pages, 4006 KiB  
Review
Solvent-Driven Electroless Nickel Coatings on Polymers: Interface Engineering, Microstructure, and Applications
by Chenyao Wang, Heng Zhai, David Lewis, Hugh Gong, Xuqing Liu and Anura Fernando
Coatings 2025, 15(8), 898; https://doi.org/10.3390/coatings15080898 - 1 Aug 2025
Viewed by 339
Abstract
Electroless nickel deposition (ELD) is an autocatalytic technique extensively used to impart conductive, protective, and mechanical functionalities to inherently non-conductive synthetic substrates. This review systematically explores the fundamental mechanisms of electroless nickel deposition, emphasising recent advancements in surface activation methods, solvent systems, and [...] Read more.
Electroless nickel deposition (ELD) is an autocatalytic technique extensively used to impart conductive, protective, and mechanical functionalities to inherently non-conductive synthetic substrates. This review systematically explores the fundamental mechanisms of electroless nickel deposition, emphasising recent advancements in surface activation methods, solvent systems, and microstructural control. Critical analysis reveals that bio-inspired activation methods, such as polydopamine (PDA) and tannic acid (TA), significantly enhance coating adhesion and durability compared to traditional chemical etching and plasma treatments. Additionally, solvent engineering, particularly using polar aprotic solvents like dimethyl sulfoxide (DMSO) and ethanol-based systems, emerges as a key strategy for achieving uniform, dense, and flexible coatings, overcoming limitations associated with traditional aqueous baths. The review also highlights that microstructural tailoring, specifically the development of amorphous-nanocrystalline hybrid nickel coatings, effectively balances mechanical robustness (hardness exceeding 800 HV), flexibility, and corrosion resistance, making these coatings particularly suitable for wearable electronic textiles and smart materials. Furthermore, commercial examples demonstrate the real-world applicability and market readiness of nickel-coated synthetic fibres. Despite significant progress, persistent challenges remain, including reliable long-term adhesion, internal stress management, and environmental sustainability. Future research should prioritise environmentally benign plating baths, standardised surface activation protocols, and scalable deposition processes to fully realise the industrial potential of electroless nickel coatings. Full article
(This article belongs to the Section Surface Characterization, Deposition and Modification)
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42 pages, 2867 KiB  
Article
A Heuristic Approach to Competitive Facility Location via Multi-View K-Means Clustering with Co-Regularization and Customer Behavior
by Thanathorn Phoka, Praeploy Poonprapan and Pornpimon Boriwan
Mathematics 2025, 13(15), 2481; https://doi.org/10.3390/math13152481 - 1 Aug 2025
Viewed by 217
Abstract
Solving competitive facility location problems can optimize market share or operational efficiency in environments where multiple firms compete for customer attention. In such contexts, facility attractiveness is shaped not only by geographic proximity but also by customer preference characteristics. This study presents a [...] Read more.
Solving competitive facility location problems can optimize market share or operational efficiency in environments where multiple firms compete for customer attention. In such contexts, facility attractiveness is shaped not only by geographic proximity but also by customer preference characteristics. This study presents a novel heuristic framework that integrates multi-view K-means clustering with customer behavior modeling reinforced by a co-regularization mechanism to align clustering results across heterogeneous data views. By jointly exploiting spatial and behavioral information, the framework clusters customers and facilities into meaningful market segments. Within each segment, a bilevel optimization model is applied to represent the sequential decision-making of competing entities—where a leader first selects facility locations, followed by a reactive follower. An empirical evaluation on a real-world dataset from San Francisco demonstrates that the proposed approach, using optimal co-regularization parameters, achieves a total runtime of approximately 4.00 s—representing a 99.34% reduction compared to the full CFLBP-CB model (608.58 s) and a 99.32% reduction compared to a genetic algorithm (585.20 s). Concurrently, it yields an overall profit of 16,104.17, which is an approximate 0.72% increase over the Direct CFLBP-CB profit of 15,988.27 and is only 0.21% lower than the genetic algorithm’s highest profit of 16,137.75. Moreover, comparative analysis reveals that the proposed multi-view clustering with co-regularization outperforms all single-view baselines, including K-means, spectral, and hierarchical methods. This superiority is evidenced by an approximate 5.21% increase in overall profit and a simultaneous reduction in optimization time, thereby demonstrating its effectiveness in capturing complementary spatial and behavioral structures for competitive facility location. Notably, the proposed two-stage approach achieves high-quality solutions with significantly shorter computation times, making it suitable for large-scale or time-sensitive competitive facility planning tasks. Full article
(This article belongs to the Section E: Applied Mathematics)
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11 pages, 4743 KiB  
Communication
The Remarkable Increase in the Invasive Autumn Fern, Dryopteris erythrosora, One of the World’s Most Marketed Ferns, in Eastern North America
by Robert W. Pemberton and Eduardo Escalona
Plants 2025, 14(15), 2369; https://doi.org/10.3390/plants14152369 - 1 Aug 2025
Viewed by 211
Abstract
Autumn fern, Dryopteris erythrosora, is the most marketed temperate fern in the world. The rapid increase and spread of this recently naturalized fern in North America was determined and mapped using 76 herbarium specimen records and 2553 Research Grade iNaturalist posts. In [...] Read more.
Autumn fern, Dryopteris erythrosora, is the most marketed temperate fern in the world. The rapid increase and spread of this recently naturalized fern in North America was determined and mapped using 76 herbarium specimen records and 2553 Research Grade iNaturalist posts. In 2008, it was recorded in two states, but by 2025, it was found in 25 states in the eastern United States and Ontario, Canada. At the end of 2017, there had been only 23 iNaturalist posts, but this grew to 511 by the end of 2020 and 2553 by May 2025. The great increase in the number of iNaturalist posts is thought to be due to the real geographic spread and an actual increase in the abundance of the fern, as well as recognition of the fern by iNaturalists, and the increase in the number of iNaturalists. The spread and great increase are probably related to the high level of marketing, which introduces plants to the environment, and to biological characteristics of the fern, including apogamy and polyploidy, and possibly natural enemy release, which allows it to flourish in new environments and to displace native plants. This novel study demonstrated citizen science’s (iNaturalist’s) great value in detecting the naturalization and spread of alien plants. Full article
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41 pages, 2458 KiB  
Article
Determinants of Behavioral Intention in Augmented Reality Filter Adoption: An Integrated TAM and Satisfaction–Loyalty Model Approach
by K. L. Keung, C. K. M. Lee and Kwok-To Luk
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 186; https://doi.org/10.3390/jtaer20030186 - 1 Aug 2025
Viewed by 328
Abstract
This study dives into what drives people to use AR filters in the catering industry, focusing on the Hong Kong market. The main idea is to determine how “perceived value” shapes users’ intentions to engage with these filters. To do this, the research [...] Read more.
This study dives into what drives people to use AR filters in the catering industry, focusing on the Hong Kong market. The main idea is to determine how “perceived value” shapes users’ intentions to engage with these filters. To do this, the research combines concepts from two popular models—the extended Technology Acceptance Model (TAM) and the Satisfaction–Loyalty Model (SLM)—to understand what influences perceived value. The survey data were then analyzed with Structural Equation Modeling (SEM) to see how perceived usefulness, enjoyment, satisfaction, and value connect to users’ intentions. The results showed that “perceived value” is a big deal—the main factor driving whether people want to use AR filters. Things like how useful or enjoyable the filters are and how satisfied users feel all play a role in shaping this perceived value. These findings are gold for marketing teams and AR developers, especially in the catering world. Combining TAM and the Satisfaction–Loyalty Model offers a fresh perspective on how AR technology influences consumer behavior. On top of that, it gives practical advice for businesses looking to make the most of AR filters in their marketing and customer experience strategies. Full article
(This article belongs to the Section Digital Marketing and the Connected Consumer)
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28 pages, 437 KiB  
Article
The General Semimartingale Market Model
by Moritz Sohns
AppliedMath 2025, 5(3), 97; https://doi.org/10.3390/appliedmath5030097 - 1 Aug 2025
Viewed by 152
Abstract
This paper develops a unified framework for mathematical finance under general semimartingale models that allow for dividend payments, negative asset prices, and unbounded jumps. We present a rigorous approach to the mathematical modeling of financial markets with dividend-paying assets by defining appropriate concepts [...] Read more.
This paper develops a unified framework for mathematical finance under general semimartingale models that allow for dividend payments, negative asset prices, and unbounded jumps. We present a rigorous approach to the mathematical modeling of financial markets with dividend-paying assets by defining appropriate concepts of numéraires, discounted processes, and self-financing trading strategies. While most of the mathematical results are not new, this unified framework has been missing in the literature. We carefully examine the transition between nominal and discounted price processes and define appropriate notions of admissible strategies that work naturally in both settings. By establishing the equivalence between these models and providing clear conditions for their applicability, we create a mathematical foundation that encompasses a wide range of realistic market scenarios and can serve as a basis for future work on mathematical finance and derivative pricing. We demonstrate the practical relevance of our framework through a comprehensive application to dividend-paying equity markets where the framework naturally handles discrete dividend payments. This application shows that our theoretical framework is not merely abstract but provides the rigorous foundation for pricing derivatives in real-world markets where classical assumptions need extension. Full article
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23 pages, 1830 KiB  
Article
Fuzzy Multi-Objective Optimization Model for Resilient Supply Chain Financing Based on Blockchain and IoT
by Hamed Nozari, Shereen Nassar and Agnieszka Szmelter-Jarosz
Digital 2025, 5(3), 32; https://doi.org/10.3390/digital5030032 - 31 Jul 2025
Viewed by 336
Abstract
Managing finances in a supply chain today is not as straightforward as it once was. The world is constantly shifting—markets fluctuate, risks emerge unexpectedly—and companies are continually trying to stay one step ahead. In all this, financial resilience has become more than just [...] Read more.
Managing finances in a supply chain today is not as straightforward as it once was. The world is constantly shifting—markets fluctuate, risks emerge unexpectedly—and companies are continually trying to stay one step ahead. In all this, financial resilience has become more than just a strategy. It is a survival skill. In our research, we examined how newer technologies (such as blockchain and the Internet of Things) can make a difference. The idea was not to reinvent the wheel but to see if these tools could actually make financing more transparent, reduce some of the friction, and maybe even help companies breathe a little easier when it comes to liquidity. We employed two optimization methods (Non-dominated Sorting Genetic Algorithm II (NSGA-II) and Multi-Objective Particle Swarm Optimization (MOPSO)) to achieve a balanced outcome. The goal was lower financing costs, better liquidity, and stronger resilience. Blockchain did not just record transactions—it seemed to build trust. Meanwhile, the Internet of Things (IoT) provided companies with a clearer picture of what is happening in real-time, making financial outcomes a bit less of a guessing game. However, it gives financial managers a better chance at planning and not getting caught off guard when the economy takes a turn. Full article
(This article belongs to the Topic Sustainable Supply Chain Practices in A Digital Age)
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