Issue |
RAIRO-Oper. Res.
Volume 59, Number 1, January-February 2025
|
|
---|---|---|
Page(s) | 355 - 390 | |
DOI | https://doi.org/10.1051/ro/2024213 | |
Published online | 04 February 2025 |
Optimal decisions in a capital-constrained supply chain under credit guarantee and revenue-sharing contracts
Department of Industrial Engineering, Tarbiat Modares University, Tehran, Iran
* Corresponding author: ma_rastegar@modares.ac.ir
Received:
1
March
2024
Accepted:
30
October
2024
This study proposes a novel Supply Chain Finance scheme (CG-RS), integrating credit guarantees (CG), and revenue-sharing contracts (RS). We analyze a three-party Stackelberg game between a capital-constrained retailer, supplier, and bank. We derived equilibrium strategies under both monopolistic and competitive bank markets to investigate the impact of the CG-RS scheme on the financial performance of each party. From the numerical analysis, we find that all parties can benefit from the CG-RS scheme by mitigating default risk and aligning incentives. The supplier’s guarantee coefficient and the retailer’s initial capital significantly influence the scheme’s outcomes, while the revenue-sharing proportion plays a crucial role in balancing interests. Our findings suggest that the CG-RS scheme offers a promising solution for addressing capital constraints and enhancing supply chain performance.
Mathematics Subject Classification: 90B06 / 91A06
Key words: Supply chain finance / capital constraint / credit guarantee / revenue-sharing contract / coordination
© The authors. Published by EDP Sciences, ROADEF, SMAI 2025
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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