Artikel
A joint inventory-finance model for coordinating a capital-constrained supply chain with financing limitations
Faced with economic recession, firms struggle to find ways to stay competitive and maintain market share. Effective coordination of the supply chain can solve this problem, but this may fail if existing capital constraints and financial flows are ignored. This study addresses the challenge by exploiting coordination through joint decision-making on the physical and financial flows of a capital-constrained supply chain. We also consider the capital-constrained member's financing limitations that lead to lost sales. Two scenarios based on non-coordinated and coordinated structures are modeled in the form of bi-objective optimization problems that simultaneously optimize system costs and service levels. The models are solved using the ε-constraint method. The results indicate that the non-coordinated model cannot satisfy more than about 50% of the demand due to capital shortage and financing limitations, while the coordinated model can satisfy all of the demand via internal financing. Furthermore, the proposed coordination scheme leads to cost reduction for the members and the total system. To motivate all members to accept the proposed coordination scheme, a cost-sharing mechanism is applied to the coordination procedure. Finally, a sensitivity analysis concerning financial parameters is provided for validating the coordination model.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Financial Innovation ; ISSN: 2199-4730 ; Volume: 7 ; Year: 2021 ; Issue: 1 ; Pages: 1-39 ; Heidelberg: Springer
- Klassifikation
-
Management
- Thema
-
Bi-objective optimization
Capital shortage
Financing limitation
Inventory-finance model
Service level
Supply chain coordination
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Emtehani, Faranak
Nahavandi, Nasim
Rafiei, Farimah Mokhatab
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2021
- DOI
-
doi:10.1186/s40854-020-00223-z
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Emtehani, Faranak
- Nahavandi, Nasim
- Rafiei, Farimah Mokhatab
- Springer
Entstanden
- 2021
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