2020
Authors
Marques, BP; Alves, CF;
Publication
INTELLIGENT SYSTEMS IN ACCOUNTING FINANCE & MANAGEMENT
Abstract
The business models of banks are often seen as the result of a variety of simultaneously determined managerial choices, such as those regarding the types of activities, funding sources, level of diversification, and size. Moreover, owing to the fuzziness of data and the possibility that some banks may combine features of different business models, the use of hard clustering methods has often led to poorly identified business models. In this paper we propose a framework to deal with these challenges based on an ensemble of three unsupervised clustering methods to identify banking business models: fuzzy c-means (which allows us to handle fuzzy clustering), self-organizing maps (which yield intuitive visual representations of the clusters), and partitioning around medoids (which circumvents the presence of data outliers). We set up our analysis in the context of the European banking sector, which has seen its regulators increasingly focused on examining the business models of supervised entities in the aftermath of the twin financial crises. In our empirical application, we find evidence of four distinct banking business models and further distinguish between banks with a clearly defined business model (core banks) and others (non-core banks), as well as banks with a stable business model over time (persistent banks) and others (non-persistent banks). Our proposed framework performs well under several robustness checks related with the sample, clustering methods, and variables used.
2020
Authors
Terras, JM; Simão, T; Rua, D; Coelho, F; Gouveia, C; Bessa, R; Baumeister, J; Prümm, RI; Genest, O; Siarheyeva, A; Laarakkers, J; Rivero, E; Bosco, E; Nemcek, P; Glennung, K;
Publication
IET Conference Publications
Abstract
This study offers an overview of the H2020 InterConnect project, which targets the relation between smart homes and distribution grids. The project vision is to produce a digital marketplace, using an interoperable marketplace toolbox and Smart appliances REference Ontology (SAREF) compliant Internet of Things (IoT) reference architecture as the main backbone, through which all SAREF-ized services, compliant devices, platform enablers and applications can be downloaded onto IoT and smart grid digital platforms. Energy users in buildings, either residential or non-residential, manufacturers, distribution grid operators and the energy retailers will work together towards the demonstration of the smart energy management solutions in seven connected large-scale test-sites in Portugal, Belgium, Germany, the Netherlands, Italy, Greece and France. This study depicts how InterConnect project will enhance the relation and the interconnectivity between smart buildings and grids safeguarding the definition of the role of each stakeholder in energy and non-energy services.
2020
Authors
Nogueira, S; Traqueia, A; Barbosa, B; Costa, F; Dias, GP; Filipe, S; Melo, A; Rodrigues, C; Santos, CA;
Publication
14TH INTERNATIONAL TECHNOLOGY, EDUCATION AND DEVELOPMENT CONFERENCE (INTED2020)
Abstract
Despite the existence of Vocational Education and Training (VET) programmes allowing dual certification (general school and vocational diplomas), the main aim of vocational courses is arguably the insertion of young people in the labour market. Still, there is a diversification of pathways for upper secondary vocational students, including continuing studies at a tertiary level. In fact, international statistics point to the increased number of vocational students that choose to pursue studies at a higher level, encouraged, among several motivations, by the quest for social mobility. Despite the relevance of this theme, studies that explore students' pathways after the completion of upper secondary vocational education are still scarce. To fill this gap, the paper synthesizes and reviews literature contributions with the purpose of identifying the factors that explain the adoption of each of the pathways (working, continuing to study or neither) by upper secondary education VET students. As a result, the article discusses a list of factors associated with career choices after completion of VET secondary studies and proposes a set of questions for future research. Overall, this paper shows that VET deserves urgent consideration by researchers and offers valuable insights for academics, students, parents and decision makers alike.
2020
Authors
Leao, AAS; Toledo, FMB; Oliveira, JF; Carravilla, MA; Alvarez Valdes, R;
Publication
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Abstract
Irregular packing problems (also known as nesting problems) belong to the more general class of cutting and packing problems and consist of allocating a set of irregular and regular pieces to larger rectangular or irregular containers, while minimizing the waste of material or space. These problems combine the combinatorial hardness of cutting and packing problems with the computational difficulty of enforcing the geometric non-overlap and containment constraints. Unsurprisingly, nesting problems have been addressed, both in the scientific literature and in real-world applications, by means of heuristic and metaheuristic techniques. However, more recently a variety of mathematical models has been proposed for nesting problems. These models can be used either to provide optimal solutions for nesting problems or as the basis of heuristic approaches based on them (e.g. matheuristics). In both cases, better solutions are sought, with the natural economic and environmental positive impact. Different modeling options are proposed in the literature. We review these mathematical models under a common notation framework, allowing differences and similarities among them to be highlighted. Some insights on weaknesses and strengths are also provided. By building this structured review of mathematical models for nesting problems, research opportunities in the field are proposed.
2020
Authors
Schaller, J; Valente, JMS;
Publication
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Abstract
This paper considers the problem of scheduling jobs in a no-wait flow shop with the objective of minimizing total earliness and tardiness. An exact branch-and-bound algorithm is developed for the problem. Several dispatching heuristics used previously for other environments and two new heuristics were tested under a variety of conditions. It was found that one of the new heuristics consistently performed well compared to the others. An insertion search improvement procedure with speed up methods based on the structure of the problem was proposed and was found to deliver much improved solutions in a reasonable amount of time.
2020
Authors
Nunes, D; Teixeira, D; Carneiro, D; Sousa, C; Novais, P;
Publication
Trends and Innovations in Information Systems and Technologies - Volume 2, WorldCIST 2020, Budva, Montenegro, 7-10 April 2020.
Abstract
The European Union has been making efforts to increase energy efficiency within its member states, in line with most of the industrialized countries. In these efforts, the energy consumed by public lighting networks is a key target as it represents approximately 50% of the electricity consumption of European cities. In this paper we propose an approach for the autonomous management of public lighting networks in which each luminary is managed individually and that takes into account both their individual characteristics as well as ambient data. The approach is compared against a traditional management scheme, leading to a reduction in energy consumption of 28%. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020.
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