This study investigates the dynamic relationship between a set of banking sector development indicators and interest rate volatility for 12 emerging market countries during the period of 1980-2019. For this purpose, the bounds testing within autoregressive distributed lag (ARDL) methodology is employed. The empirical results reveal that the interest rate volatility has negative impacts on the majority of the banking sector development indicators which also play a significant role in dampening the banking sector development path in the long-run. These findings suggest that the banking sectors of emerging countries are vulnerable to interest rate risks. Thus, the results have important implications for policymakers to improve the banking system and to promote economic growth of emerging economies.

This study analyzes the vulnerability of the power relations between the Indonesian National Armed Forces and the Indonesian National Police (TNI-Polri power relations) post-1998 Reform. This article employed exploratory sequential mixed methods in answering the research problem. Analytical Hierarchy Process (AHP) and System Dynamics methods were utilized in the study. Based on the research results, the variables of Socio-Economic (SE) Vulnerability and Adaptive Capacity (AC) have the highest weight value of 0.329. Meanwhile, the variable of Institutional Vulnerability has the lowest weight, 0.142. Overall, the vulnerability value of TNI-Polri power relations post-1998 Reform was still in the Low Vulnerability category with a value of 1,699 (33.97%). The vulnerability value of TNI-Polri power relations in the next five years will increase from a score of 1.66 in 2022 to 1.74 in 2027 so that it will increase by 5% with the same category level, namely Low Vulnerability. This study is expected to strengthen TNI-Polri power relations in maintaining national political stability.

This paper considers a practical truncated traveling salesman problem (TTSP), in which the salesman is only required to cover a subset of out of given cities (rather than covering all the given cities as in conventional travelling salesman problem (TSP)) with minimal traversal distance. Thus, every feasible solution tour contains exactly cities including the starting city. However, extensive research on TSP has been received and various efficient solution techniques including exact, heuristic, and metaheuristic algorithms are devoted, a very limited attention has been given to TTSP models because of its solution structure. The TTSP model comprises two types of problems including city selection i.e. as a salesman's trip need not include all the cities, the challenge is to identify which combination of cities are to be visited and which sequence of cities will constitute minimal traversal distance. A hybrid genetic algorithm (GA) comprising sophisticated mutation operators is developed to tackle this problem efficiently. Comparative computational findings suggest that the proposed GA has capability to outperform existing approaches in terms of TTSP results. In addition, the proposed GA report improved results and will serve as a basis for forthcoming TTSP studies.

The property is a unique product that cannot be contrasted with other commercial products due to pricing conditions. Property price determination is one of the crucial aspects of property development activities because of the profit margin made by the developer and the purchasing preferences. This study attempts to extend the literature that has largely focused on factors of housing prices in developed markets and provided recent evidence of housing price determinants in two countries (i.e., Indonesia and Malaysia). Thus, this study examines the factors affecting housing prices in Jakarta Metropolitan Region and Greater Kuala Lumpur. A quantitative approach was used involving two countries, namely Indonesia and Malaysia. The data was collected using a survey questionnaire through purposive sampling. A total of 100 respondents (Indonesia) and 134 respondents (Malaysia) participated in this study. The data was analyzed using descriptive (frequency) and inferential statistics (chi-square test and multinomial regression). The results indicated that housing location, property funding, and health have a significant effect on residential property prices in Indonesia. Besides that, the results displayed that housing physical design, home design and construction, developer and real estate products, development concepts, housing location, property funding, social status, health, law provisions, and external factors do not affect residential property price in Malaysia. Despite being neighbors, Indonesia and Malaysia have distinct economic and landscape characteristics. Furthermore, considering Indonesia has a higher number of Covid-19 cases than Malaysia, significant information on how the pandemic has affected the demand, cost, and pricing of residential housing in Jakarta and Kuala Lumpur will be provided. The findings of this study will provide recommendations to investors, buyers, and policy about the residential housing industry's prospects for growth in emerging nations following the pandemic.

This study explores the quality control system featuring visual inspection and grade judgment for detecting distortion defects in spectacle lens fabrication. Spectacle lenses must be precisely curved to help accommodate nearsightedness and farsightedness. The curved shape allows the lens to have different curvatures in different areas during grinding. The spectacle lens will be prone to optical distortion when the curvature changes abnormally. Accordingly, this study proposes an automatic distortion flaw inspection system for spectacle lenses to substitute professional inspectors who rely on empirical judgment. We first apply the digital imaging of a concentric circle pattern through a testing lens to create an image of that lens. Second, the centroid–radii model is employed to stand for the shape property of each concentric circle in the image. Third, by finding the deviations of the centroid radii for detecting distortion flaws through a small variation control method, we obtain a different image showing the detected distortion regions. Four, based on the distortion amounts and locations, we establish the fuzzy membership functions and inference rulesets to measure distortion severity. Finally, the GA-ANFIS model is applied to determine the quality levels of distortion severity for the detected distortion flaws. Trial outcomes reveal that the proposed automatic inspection system can help practitioners in spectacle lens fabrication, for it attains a high 94% correct classification rate of quality grades in distortion severity, 81.09% distortion flaw detection rate, and 10.94% fake alert rate, in distortion inspection of spectacle lenses.

Today, the economic resilience in Indonesia measures using the index approach, but it does not consider the effect of the disturbance and causes meaningless. The index is essentially an average, and the average is not a model that captures the relationship between variables. This research differs significantly from earlier studies that used the index to measure economic resilience. The crucial step in assessing the economic resilience of a city is to determine the economic resilience decision variable itself. If a variable significantly correlates with the disturbance factors in each relationship pattern, it is considered suitable as an economic resilience variable. This study evaluates variable Z as an economic resilience variable with a significant relationship to its disturbance variable. The evaluation method is conducted in-depth by studying Indonesia's cities over five years (2015-2019). Z, the ratio of Original Local Government Revenue (PAD) to the number of poor people in a city as a cost centre, will be evaluated as a prospective decision variable for economic resilience. The statistical relationship between Z and 9 disturbance variables is examined using piecewise linear regression analysis. All 514 cities in Indonesia were observed extensively for identification during a five-year observation period. Rosenbrock pattern search estimation was used to estimate the model parameters. The following results were obtained by analysing the data with the STATISTICA software. As determined by parsimonious analysis, the price of Pertalite fuel and the US dollar foreign exchange are two disturbance factors that are crucial to the fall in the resilience variable Z. The joint effect of these two variables on the decline in the resilience measure Z is 73.63 percent. The study concludes that Z is a city-level economic resilience decision variable that applies to all 514 cities in Indonesia and is measured as the ratio of PAD to the number of poor people. This study's novel contribution to Indonesian policymakers is Z as a new economic resilience decision variable that can be used to assess cities' relative economic resilience.

In developing countries, child labor has become a significant problem with adverse effects in the present and future for society and individuals. There are many causes that obligate children to abandon school and start working. Economic, social, familiar, and personal problems can expel children from school, inhibiting them from living appropriately. Polls like the ENAHO in Peru tried to recollect relevant data as much as possible to explain this problem. With many variables, it is necessary to have a methodology to build an algorithm with enough explanatory power to explain the situation. Therefore, this research elaborated an algorithm through Lasso to proportionate a statistical explanation of child labor. Due to the type of data, the regression was logistic.

Production managers face the growing trend of rapid-response orders and inevitable production defects and failures; they must carefully measure these factors’ effects to minimize operating expenditures and operational disruption. Inspired by assisting producers decide the optimal runtime policy under these real situations, this work investigates the collective impact of rework, expedited-rate, external source, and machine failures on such a specific fabrication system. A partial outsourcing and expedited manufacturing rate are considered in the studied system to reduce the batch fabricating time. Additionally, defects rework and repair failure machines are implemented to retain the quality and avoid production disruption. Our research scheme consists of (1) developing a model for the mentioned manufacturing characteristics; and (2) analytical and optimization techniques for deciding the best batch runtime decision by minimizing the system’s overall expenses. Lastly, we provide numerical examples to demonstrate the model’s applicability and disclose important, in-depth characteristics that facilitate managerial decision-making.

Layout design and selection often have notable effects on the performance of the manufacturing industry. This research investigates the Multi-Criteria Decision Making (MCDM) approach to find out the optimum plant layout design. The proposed methodology is demonstrated through the real-life setting for the gearbox manufacturing industry. Manual and computerized layout generation approach is used efficiently and accordingly, six layout designs are generated. The approach takes into account qualitative as well as quantitative performance criteria for the selection of layout design. Analytical Hierarchy Process (AHP) is applied to obtain the weight of qualitative measures. Ranking of alternatives is obtained through the application of Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and Weighted Aggregated Sum-Product Assessment (WASPAS) both integrated with the Entropy method. Empirical findings indicate that the rank acquired using the TOPSIS method is perfectly parallel to those acquired through the WASPAS method, which confirms the applicability and potential of these methods. Also, the effect of the parameter λ in WASPAS method on performance score is stable. At the same time, this paper analyses the rank reversal phenomenon and proves that the ranking proposed by TOPSIS satisfies ranking stability.

Rank reversal in decision making is a common phenomenon resulting in confusion and ambiguity in selection procedure especially while multiple multi-criteria decision making (MCDM) techniques are independently applied. To eradicate this confusion, this paper proposes a novel MCDM methodology namely Technique of Accurate Ranking Order (TARO). The TARO method is an extension of conventional MCDM approaches. The proposed method commences at the end of conventional methodologies with the final selection values. The proposed technique, using an advanced version of entropy weighting method, initially measures weights of the final selection values. Subsequently, based on the final section values and their computed weights, TARO measures accurate selection indices that determine the accurate ranking order of the alternatives. The proposed technique is illustrated by three real life examples on robot selection problems. The results obtained by TARO justify the validity, applicability and requirements of the proposed techniques for proper decision making under the MCDM environment.