OPTIMAL OPERATIONAL DECISIONS WHEN A MANUFACTURER OFFERS TRADE CREDIT TO HIS RETAILER

In this paper, we develop models to determine operational and financial decisions of a supply chain under the condition that the retailer faces a financial constraint and the manufacturer can offer trade credit to assist the retailer. We first study the case where the retailer is risk-neutral, and d...

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Veröffentlicht in:	Journal of systems science and systems engineering 2012-12, Vol.21 (4), p.480-496
Hauptverfasser:	Shi, Dan, Li, Yongjian, Cai, Xiaoqiang
Format:	Artikel
Sprache:	eng
Schlagworte:	Complexity Decisions Economic Theory/Quantitative Economics/Mathematical Methods Engineering Operations Research/Decision Theory Risk Supply chains 供应链信贷制造商经营决策财务决策贸易零售商风险规避
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Beschreibung
Zusammenfassung:	In this paper, we develop models to determine operational and financial decisions of a supply chain under the condition that the retailer faces a financial constraint and the manufacturer can offer trade credit to assist the retailer. We first study the case where the retailer is risk-neutral, and derive the optimal ordering and financial decisions. Then, the case where the retailer is risk-averse （downside risk） is studied and-the effects of the risk on the retailer and manufacturer＇s operational and financial decisions are discussed. Finally, numerical examples are provided to conduct managerial analysis.
ISSN:	1004-3756 1861-9576
DOI:	10.1007/s11518-012-5206-1