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Sustainability 2016, 8(5), 429; doi:10.3390/su8050429

Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products

1
College of Management and Economics, Tianjin University, Tianjin 300072, China
2
College of Economics and Management, Shandong University of Science and Technology, Qingdao 266590, China
*
Author to whom correspondence should be addressed.
Academic Editor: Young Hae Lee
Received: 29 February 2016 / Revised: 17 April 2016 / Accepted: 27 April 2016 / Published: 30 April 2016
(This article belongs to the Special Issue Sustainability in Supply Chain Management)
View Full-Text   |   Download PDF [1279 KB, uploaded 30 April 2016]   |  

Abstract

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. View Full-Text
Keywords: supply chain management; complementary products; joint financing; Stackelberg game; optimal decisions; cash constrains supply chain management; complementary products; joint financing; Stackelberg game; optimal decisions; cash constrains
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Li, Y.; Chen, T.; Xin, B. Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products. Sustainability 2016, 8, 429.

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