Volume 121

Published on October 2024

Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development

Conference website: https://2024.icemgd.org/
ISBN:978-1-83558-665-5(Print) / 978-1-83558-666-2(Online)
Conference date: 26 September 2024
Editor:Lukáš Vartiak
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242291
Muyun Wei
DOI: 10.54254/2754-1169/121/20242291

With the rapid development of the traditional construction industry, China's construction market is becoming saturated and overcapacity, and the global macro economy is facing uncertainty. Negatively impacted by global events and the climate crisis, the willingness of traditional architectural firms to invest in real estate, infrastructure and other projects needs to be higher. The enhancement of digital information technology has brought greater freedom and openness, and traditional architects are looking to BIM technology to stimulate creativity and build more dynamic buildings. This paper analyses the development and application of BIM technology from the perspective of the “BIM+” intelligent management model. It discusses the importance of upgrading the traditional construction industry, especially in building life cycle management. Through “BIM+” intelligent management, the traditional construction industry can handle the information in all project stages more efficiently and achieve the goal of resource integration. At the same time, the combination of BIM and facility management can realise intelligent operation and monitoring of building projects. This paper reviews related research and looks forward to the future research direction of combining BIM and building facility management.

Show more
View pdf
Wei,M. (2024).BIM Driving Innovation in Construction Industry: Advancements in Building Lifecycle Management and Facility Management.Advances in Economics, Management and Political Sciences,121,1-6.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242297
Shan Zhao
DOI: 10.54254/2754-1169/121/20242297

This study is dedicated to the innovative research of smart factory operation management systems in the era of smart manufacturing. Against the backdrop of the rapid evolution of the information revolution, smart manufacturing, represented by a new generation of information technologies such as mobile Internet, big data, and artificial intelligence, is rapidly emerging. As an information-physical fusion system, smart factories interpenetrate physical and virtual resources by interweaving multi-scale production systems, forming an open, complex giant system with multiple levels and dimensions. It is found that smart factories face a complex and variable structure, and their production and operations involve a large number of cross-domain, cross-industry, and cross-region manufacturing resources, requiring the establishment of a new operation management system framework and breakthroughs in key theories and methods. This study provides comprehensive and in-depth theoretical and technical support for constructing a smart factory operation management system. It lays the foundation for the smart upgrading of the manufacturing industry.

Show more
View pdf
Zhao,S. (2024).Smart Factory Operation Management System and Innovation in the Era of Smart Manufacturing.Advances in Economics, Management and Political Sciences,121,7-13.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242305
Yunqi Yan
DOI: 10.54254/2754-1169/121/20242305

In recent years, ESG (Environmental, Social, and Governance) investment has significantly integrated into investment strategies worldwide. The concept of ESG investing is not merely a fleeting trend but rather an essential tool for investors looking towards sustainable and responsible investment practices. With the evolution and adoption of ESG investments in the global market, a thorough examination of ESG investment practices reveals valuable insights. Nowadays, in economic landscape, the emphasis on ESG factors in investment decisions continues to grow, underscoring the importance of responsible investing practices in fostering long-term value creation and societal impact. This study offers noteworthy recommendations regarding ESG investment standards, aiming to drive improved ESG performance within enterprises. By adhering to robust ESG criteria, organizations can access enhanced financial prospects, paving the way for them to garner increased social recognition. Besides, this paper also put forward countermeasures and suggestions for China's ESG to improve China's ESG information disclosure system and the awareness of ESG.

Show more
View pdf
Yan,Y. (2024).The Impact of ESG Standards and Investment : Global Trends and Practices.Advances in Economics, Management and Political Sciences,121,14-22.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242320
Wenjie Yin, Jing Huang, Jiabin Chen
DOI: 10.54254/2754-1169/121/20242320

In recent years, the attention to Environmental, Social, and Governance (ESG) issues has been increasing, accompanied by the enrichment and improvement of related policy systems. The advantages brought to enterprises by corresponding ESG policies have gradually become evident. Therefore, this paper takes the development of Poly Development Group from 2021 to 2023 as a sample to study the advantages that enterprises have gained in response to ESG-related policies. Through the analysis of existing data, it is found that the advantages established by ESG for enterprises mainly include: (1) enhancing corporate economic benefits, (2) reducing corporate operating risks, and (3) promoting corporate innovation and development. Based on these findings, it is proposed to accelerate the improvement of the ESG-related policy system, increase the attention of enterprises to ESG performance and disclosure, and contribute to the construction of a favorable development ecosystem for both academia and industry, thereby effectively improving production and development efficiency.

Show more
View pdf
Yin,W.;Huang,J.;Chen,J. (2024).Construction of ESG Performance and Corporate Competitive Advantage: A Case Study of Poly Development Holding Group Co., Ltd..Advances in Economics, Management and Political Sciences,121,23-30.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242322
Yangcheng Xu
DOI: 10.54254/2754-1169/121/20242322

Against the backdrop of contemporary Chinese-style modernization, the state has placed increasing demands on enterprises to adhere to the principles of Environmental (E), Social (S), and Governance (G). Consequently, enterprises will face more challenges and transformations. This paper employs a multi-case study method, focusing on the sample data of Wahaha Group and Ant Group. Based on Wahaha Group's 2020 Social Responsibility Report and Ant Group's 2022 Sustainable Development Report, the paper analyzes the impact and role of corporate ESG disclosure on Chinese-style modernization from the perspectives of people-oriented, shared prosperity, and green development. The paper argues that Wahaha Group and Ant Group fully embody the new development concept of "coordination, greenness, and sharing" in their disclosure of ESG information, which has a close relationship with "Chinese-style modernization" and holds significant importance in contemporary China.

Show more
View pdf
Xu,Y. (2024).The Relationship Between Corporate ESG Disclosure and the Chinese-style Modernization.Advances in Economics, Management and Political Sciences,121,31-36.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242345
Xiaoyu Li
DOI: 10.54254/2754-1169/121/20242345

Technological advances and the Internet's rapid development have fueled the rapid rise of Internet celebrity cities, providing a unique impetus to urban development (mainly tourism) and economic vitality. However, the ensuing controversies have been persistent. In order to promote a thriving urban tourism industry and alleviate urban economic and employment pressures, it is essential to address the issue of Internet celebrity cities and fully realize their economic and social potential. This study summarizes the multiple problems in the operation of traditional Internet celebrity cities, reveals their challenges to urban management, and proposes ways to build a digital Internet celebrity city system using "digital" technologies. These digital tools can effectively overcome the difficulties faced by traditional Internet celebrity cities and provide strategic guidance for the long-term and healthy development of the Internet celebrity city economy.

Show more
View pdf
Li,X. (2024).Analysis of the Harmonious Development Path of Urban Management and Internet Celebrity Cities under Digital Perspective.Advances in Economics, Management and Political Sciences,121,37-43.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242400
Woxue Li
DOI: 10.54254/2754-1169/121/20242400

The increasing pace of modern life has catalyzed the rise of the prepared meals industry, reshaping consumer behaviors and market dynamics in the global catering sector. This study examines the impact of prepared meals on the catering market, focusing on consumer behavior, market dynamics, technological innovations, and sustainability issues. The prepared meals industry has seen exponential growth, driven by consumer demands for convenience, health, and environmentally friendly options. Technological advancements in food preservation, distribution, and packaging have played a pivotal role in improving product quality and safety while extending market reach. Financial analyses of key industry players like Tyson Foods, Inc., Nissin Foods Holdings Co., Ltd., and Nestlé S.A. reveal varied strategies for capitalizing on this growth, highlighting significant contributions to their overall business performance. The sector faces challenges including environmental sustainability, health and nutritional scrutiny, and intense market competition. Strategic responses to these challenges, such as investing in sustainable practices, focusing on health and nutrition, leveraging new technologies, and enhancing consumer engagement, are essential for future success. This research provides critical insights into the evolution of the prepared meals market, offering a comprehensive overview that could guide stakeholders in navigating this dynamic landscape.

Show more
View pdf
Li,W. (2024).Impact and Prospects of Prepared Meals on the Catering Market.Advances in Economics, Management and Political Sciences,121,44-50.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242527
Huahao Zhang
DOI: 10.54254/2754-1169/121/20242527

This paper examines the transition from LIBOR to SOFR and its impact on financial markets. LIBOR, once a key benchmark rate, has faced credibility issues, leading to the proposal of new benchmark rates like SOFR. The study investigates whether SOFR is a suitable LIBOR replacement and analyzes its effects on financial markets. Using statistical analysis, including covered interest rate parity theory and hypothesis testing, the study compares the accuracy of SOFR and LIBOR in determining the risk-free rate. The findings support the hypothesis that SOFR calculations more accurately reflect real market data compared to LIBOR. However, the study is limited in its focus on the US dollar market, which may limit its generalizability. Future research could explore the transition to alternative benchmark rates in other currencies and regions. Additionally, incorporating real-time data could provide more current insights into SOFR's effectiveness as a LIBOR replacement. Overall, the transition from LIBOR to SOFR represents a significant change in financial markets. Further research is needed to fully understand its implications. Addressing these limitations and exploring future research directions can enhance our understanding of the transition's impact on the global financial system.

Show more
View pdf
Zhang,H. (2024).Whether SORF Is a More Effective Substitute for LIBOR in the Market?.Advances in Economics, Management and Political Sciences,121,51-56.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242550
Zhongsheng Luo
DOI: 10.54254/2754-1169/121/20242550

With the booming demands of global consumers, the grand total of international e-commercial procurement in 2024 will be expected to exceed 6.3 trillion USD. Under the pressure of huge orders and shipping lag, figuring out a cost-effective last mile delivery achieving real door-to-door service, especially in rural areas, has become one of the focuses in the international e-commercial market. To better solve this problem, this paper starts with the analysis of international e-commercial status and the feasibility of UAV mobile terminal station launch, taking good account of drone delivery route setting, time schedule, and costs spent to optimize the mobile station moving. Based on a series of experiments to iterate the Unmanned Aerial Vehicle (UAV) mobile terminal station delivery mode, it will provide some insights to the market about how the last mile delivery will develop in the next decade. This paper will focus on applying the hybrid ant colony algorithm to improve truck-drone collaborative last mile delivery route settings and figure out the best delivery route combo for cost saving.

Show more
View pdf
Luo,Z. (2024).Optimization and Application Analysis of the UAV "Last Mile" Mobile Terminal Distribution Station in Rural Area under the Background of E-Commerce.Advances in Economics, Management and Political Sciences,121,57-62.
Export citation
Research Article
Published on 25 October 2024 DOI: 10.54254/2754-1169/121/20242572
Nan Xiao
DOI: 10.54254/2754-1169/121/20242572

With the rapid development of new energy vehicles, governments and automobile manufacturers are generally aware that environmental protection is an important direction for the development of the future automotive industry, and Tesla, as a representative of the global new energy electric vehicles, has great research significance. In the fierce environment of the automobile market, Tesla has won the leadership position with many innovations. Therefore, the company is considered a disruptive innovation by the public. This paper focuses on whether Tesla’s innovation is disruptive innovation, and studies Tesla’s disruptive innovation strategy through literature reading and qualitative analysis. This paper discusses the definition of disruptive innovation, Tesla’s current innovation status and explores the difference between it and incremental innovation. This paper draws the conclusion that Tesla is a disruptive innovation by considering whether it creates a value network as a breakthrough point. Finally, the paper puts forward some suggestions, including extending the product line, adjusting its price to maintain its competitive advantage and innovation, adjusting the channel level based on local markets, provide more extreme and detailed experiential marketing and after-sales service, so as to promote Tesla's sustainable innovation.

Show more
View pdf
Xiao,N. (2024).An Analysis of Tesla's Disruptive Innovation Strategy.Advances in Economics, Management and Political Sciences,121,63-69.
Export citation