Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products
In recent years; financing difficulties have been obsessed small and medium enterprises (SMEs); especially emerging SMEs. Inter-members’ joint financing within a supply chain is one of solutions for SMEs. How about members’ joint financing of inter-supply chains? In order to answer the question, we...
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doaj-2c58285b633f49a2b6cdbfe300e40c162020-11-25T01:03:25ZengMDPI AGSustainability2071-10502016-04-018542910.3390/su8050429su8050429Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary ProductsYuting Li0Tong Chen1Baogui Xin2College of Management and Economics, Tianjin University, Tianjin 300072, ChinaCollege of Management and Economics, Tianjin University, Tianjin 300072, ChinaCollege of Economics and Management, Shandong University of Science and Technology, Qingdao 266590, ChinaIn recent years; financing difficulties have been obsessed small and medium enterprises (SMEs); especially emerging SMEs. Inter-members’ joint financing within a supply chain is one of solutions for SMEs. How about members’ joint financing of inter-supply chains? In order to answer the question, we firstly employ the Stackelberg game to propose three kinds of financing decision models of two cash-constrained supply chains with complementary products. Secondly, we analyze qualitatively these models and find the joint financing decision of the two supply chains is the most optimal one. Lastly, we conduct some numerical simulations not only to illustrate above results but also to find that the larger are cross-price sensitivity coefficients; the higher is the motivation for participants to make joint financing decisions; and the more are profits for them to gain.http://www.mdpi.com/2071-1050/8/5/429supply chain managementcomplementary productsjoint financingStackelberg gameoptimal decisionscash constrains |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Yuting Li Tong Chen Baogui Xin |
spellingShingle |
Yuting Li Tong Chen Baogui Xin Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products Sustainability supply chain management complementary products joint financing Stackelberg game optimal decisions cash constrains |
author_facet |
Yuting Li Tong Chen Baogui Xin |
author_sort |
Yuting Li |
title |
Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products |
title_short |
Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products |
title_full |
Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products |
title_fullStr |
Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products |
title_full_unstemmed |
Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products |
title_sort |
optimal financing decisions of two cash-constrained supply chains with complementary products |
publisher |
MDPI AG |
series |
Sustainability |
issn |
2071-1050 |
publishDate |
2016-04-01 |
description |
In recent years; financing difficulties have been obsessed small and medium enterprises (SMEs); especially emerging SMEs. Inter-members’ joint financing within a supply chain is one of solutions for SMEs. How about members’ joint financing of inter-supply chains? In order to answer the question, we firstly employ the Stackelberg game to propose three kinds of financing decision models of two cash-constrained supply chains with complementary products. Secondly, we analyze qualitatively these models and find the joint financing decision of the two supply chains is the most optimal one. Lastly, we conduct some numerical simulations not only to illustrate above results but also to find that the larger are cross-price sensitivity coefficients; the higher is the motivation for participants to make joint financing decisions; and the more are profits for them to gain. |
topic |
supply chain management complementary products joint financing Stackelberg game optimal decisions cash constrains |
url |
http://www.mdpi.com/2071-1050/8/5/429 |
work_keys_str_mv |
AT yutingli optimalfinancingdecisionsoftwocashconstrainedsupplychainswithcomplementaryproducts AT tongchen optimalfinancingdecisionsoftwocashconstrainedsupplychainswithcomplementaryproducts AT baoguixin optimalfinancingdecisionsoftwocashconstrainedsupplychainswithcomplementaryproducts |
_version_ |
1725201359491301376 |