2015
DOI: 10.2112/si73-108.1
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An Early-Warning System for Shipping Market Crisis Using Climate Index

Abstract: Chen, J.; Lu, L.; Lu, J., and Luo, Y., 2015. An early-warning system for shipping market crisis using climate index.The shipping market is always in volatility according to complex impact factors. This paper develops a new operational early warning system (EWS) model based on the economy cycle theory for predicting shipping market crises. To achieve this goal this paper analyses and extends the early warning system by constructing the "climate index". Taking industry capacity and profit level into account, sev… Show more

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Cited by 15 publications
(6 citation statements)
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“…(3) Calculate the correlation coefficient matrix, R, with standardized data and determine the correlation between indicators (Equation (2)) [30].…”
Section: Principal Component Analysismentioning
confidence: 99%
“…(3) Calculate the correlation coefficient matrix, R, with standardized data and determine the correlation between indicators (Equation (2)) [30].…”
Section: Principal Component Analysismentioning
confidence: 99%
“…e proposal and application of this technology have also greatly changed the way equipment is maintained. Up to now, only some simple machines have applied this technology, but specific to large equipment, such as rolling mills, the fast and accurate position determination technology of multimodal couplings is still immature [4,5].…”
Section: Introductionmentioning
confidence: 99%
“…Through step three, the standardized correlation coefficient matrix ( ) defines the correlation between the indicators in Equation ( 10 ) [ 63 ]. …”
Section: Proposed Methodologymentioning
confidence: 99%