Kin Keung Lai

Dr. Kin Keung Lai

Shenzhen University, Shenzhen, 518060, China.
orcid

Research Focus & Metrics

Academic Career Length

9Years (2018-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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8 October 2020 in Emerging Markets Finance and Trade
Verified
Journal Article
Closed access
Lean YuLean Yu
Lean Yu
RZRongtian Zhou
Rongtian Zhou
RCRongda Chen
Rongda Chen
Kin Keung LaiKin Keung Lai
Kin Keung Lai
Missing data has become an increasingly serious problem in credit risk classification. A one-hot encoding-based data preprocessing method is proposed to solve the missing data problem in credit classification. In this paradigm, the proposed missing-data preprocessing method is first used to deal with missing values to fill in the incomplete dataset. Then the classification and regression tree (CART) model is applied on the completed dataset to measure performances of different preprocessing methods. The experimental results indicate that the proposed one-hot encoding method performs the best when the missing rate is high. When missing rate is low, random sample (RS) imputation method performs better though it entails a greater computational cost than other imputation methods listed in this study. In particular, for high-missing-rate coupled with data-imbalance issue, the proposed one-hot encoding based imputation method shows not only high accuracy, but also great robustness and needs less of computational time.

15 September 2022 in Annals of Operations Research
Verified
Journal Article
Closed access
PDF file
FTFeng Tao
Feng Tao
YZYan Zhou
Yan Zhou
JBJunsong Bian
Junsong Bian
Kin Keung LaiKin Keung Lai
Kin Keung Lai

26 June 2021 in Annals of Operations Research
Verified
Journal Article
Closed access
PDF file
LHLongfei He
Longfei He
BYBaiyun Yuan
Baiyun Yuan
JBJunsong Bian
Junsong Bian
Kin Keung LaiKin Keung Lai
Kin Keung Lai

29 October 2018 in Sustainability
Verified
Journal Article
Open access
PDF file
TSTong Shu
Tong Shu
CHChunfen Huang
Chunfen Huang
SCShou Chen
Shou Chen
Shouyang WangShouyang Wang
Shouyang Wang
Kin Keung LaiKin Keung Lai
Kin Keung Lai
The constantly increasing CO2 emissions are threatening the environment tremendously. Facing the pressure of environmental activists and public opinion, businesses and governments are taking action to reduce carbon emissions. Among these endeavors, carbon tax and subsidy policies proposed by governments are widely adopted. Remanufacturing is believed to save manufacturing costs and reduce carbon emissions from the process of enterprise operation, and it is increasingly being accepted by enterprises. However, different consumers’ willingness to pay for remanufactured products and the durability of new products will also affect consumers’ willingness to buy remanufactured products. Therefore, considering the discrepancy between consumer willingness to pay and product durability, we established the trade-old-for-remanufactured (TOR) model for a scenario of carbon tax and government subsidies. Through the analysis of the model, we obtained the optimal pricing and production decisions of manufacturers (remanufacturers) in the case of carbon tax and government subsidies. Our results show that, when there is no carbon tax constraint, the increase in consumer willingness to pay and the adjustment in product durability can stimulate consumers to participate in TOR projects and augment enterprises’ profits. However, it can also lead to a carbon rebound that increases corporate carbon emissions. When there is a carbon tax constraint, the introduction of carbon tax contributes to a reduction in carbon emissions, while enterprises tend to lose profits. In order to achieve a “win-win” between corporate profits and carbon emissions, we considered government subsidy policies. Our numerical examples illustrate that appropriate carbon tax and government subsidies can curb carbon emissions and also increase profits for enterprises.

27 November 2018 in Sustainability
Verified
Journal Article
Open access
PDF file
TSTong Shu
Tong Shu
LQLiu Qian
Liu Qian
SCShou Chen
Shou Chen
Shouyang WangShouyang Wang
Shouyang Wang
Kin Keung LaiKin Keung Lai
Kin Keung Lai
Global warming has become a growing concern for countries around the world. Currently, the direct way to solve this issue is to curb carbon emissions. Governments and enterprises should assume the social responsibility to conserve the environment. Under the background of carbon emission constraint, this article investigates the optimal decisions of closed-loop supply chains in the context of social responsibility, explores the impacts of constraints of carbon emissions and corporate social responsibility on recycling and remanufacturing decisions, and introduces the model of maximizing social welfare for further comparison and analysis. The results show that the coefficient of remanufacturing and emission reduction and the coefficient of government reward and punishment are inversely proportional to recycling rates and the total carbon emissions. Governments should formulate rational carbon emission caps for enterprises with different coefficients of remanufacturing and emission reduction. Additionally, corporate social responsibility has a positive effect on recycling rates, and a rise in its strength can lead to a fall in carbon emissions per unit product. In terms of product recycling and profit sources, the model of maximizing social welfare is superior to that of maximizing the manufacturer’s total profits, which provides new managerial insights for decision-makers.

30 March 2022 in International Journal of Logistics Research and Applications
Verified
Journal Article
Closed access
JLJian Li
Jian Li
Kin Keung LaiKin Keung Lai
Kin Keung Lai
YLYongming Li
Yongming Li
Closed-loop supply chain is an important path to realize the sustainable development of supply chain, and cap-and-trade and carbon tax policies further promote closed-loop supply chain to invest in low-carbon technologies. This paper combines Economic Production Quantity with Economic Order Quantity models and designs multiple carbon policies. Abatement rate and collection rate are the key variables used to explore the mechanism of the interaction between carbon tax and cap-and-trade, inventory dynamics of closed-loop supply chain and impact of multiple carbon policies on closed-loop supply chain. Construct and analyze benchmark model, investment model under multiple carbon policies, remanufacturing model under multiple carbon policies and mixed strategies model under multiple carbon policies, and the results show that there is a non-linear complementary relationship between carbon price and carbon tax, and both remanufacturing and low-carbon investment can optimize cost and carbon emissions when carbon price is distributed at a certain interval. Furthermore, mixed strategies combining remanufacturing and low-carbon investment can optimize cost and carbon emissions simultaneously. The main contribution of this paper is to build a low-carbon circular system, which can help balance cost and carbon emissions of closed-loop supply chain.