题名: |
An econophysics approach to forecast bulk shipbuilding orderbook: an application of Newton's law of gravitation (Part 1) |
正文语种: |
eng |
作者: |
Quazi Mohammed Habibus Sakalayen;Okan Duru;Enna Hirata; |
作者单位: |
School of Business and Economics, Universiti Brunei Darussalam Bandar Seri Begawan, Brunei;School of Civil and Environmental Engineering, Nanyang Technological University, Singapore, Singapore;Center for Mathematical and Data Sciences, Kobe University, Kobe, Japan; |
关键词: |
Shipbuilding; ARIMA; Bulk carriers; Econophysics approach; Newbuilding order forecasting; Newton's law of gravitation |
摘要: |
Purpose - Bulk shipping mostly facilitates the smooth flow of raw materials around the globe. Regardless, forecasting a bulk shipbuilding orderbook is a seldom researched domain in the academic arena. This study aims to pioneer an econophysics approach coupled with an autoregressive data analysis technique for bulk shipbuilding order forecasting. Design/methodology/approach - By offering an innovative forecasting method, this study provides a comprehensive but straightforward econophysics approach to forecast new shipbuilding order of bulk carrier. The model has been evaluated through autoregressive integrated moving average analysis, and the outcome indicates a relatively stable good fit. Findings - The outcomes of the econophysics model indicate a relatively stable good fit. Although relevant maritime data and its quality need to be improved, the flexibility in refining the predictive variables ensure the robustness of this econophysics-based forecasting model. Originality/value - By offering an innovative forecasting method, this study provides a comprehensive but straightforward econophysics approach to forecast new shipbuilding order of bulk carrier. The research result helps shipping investors make decision in a capital-intensive and uncertaintyprone environment. |
期刊名称: |
航贸周刊 |
出版年: |
2021 |
期: |
03 |
页码: |
42-56 |