Inventory pledge financing decisions based on a permissioned blockchain by controlling fraudulent risk

Open Access

Issue		RAIRO-Oper. Res. Volume 58, Number 6, November-December 2024


Page(s)		4791 - 4817
DOI		https://doi.org/10.1051/ro/2024194
Published online		19 November 2024

D. More and P. Basu, Challenges of supply chain finance: a detailed study and a hierarchical model based on the experiences of an Indian firm. Bus. Process Manage. J. 19 (2013) 624–647. [CrossRef] [Google Scholar]
Y. Chang, E. Iakovou and W. Shi, Blockchain in global supply chains and cross border trade: a critical synthesis of the state-of-the-art, challenges and opportunities. Int. J. Prod. Res. 58 (2020) 2082–2099. [CrossRef] [Google Scholar]
S.F. Wamba and M.M. Queiroz, Industry 4.0 and the supply chain digitalisation: a blockchain diffusion perspective. Prod. Planning Control 33 (2022) 193–210. [CrossRef] [Google Scholar]
J. Chod, N. Trichakis, G. Tsoukalas, H. Aspegren and M. Weber, On the financing benefits of supply chain transparency and blockchain adoption. Manage. Sci. 66 (2020) 4378–4396. [CrossRef] [Google Scholar]
H. Song, S. Han and K. Yu, Blockchain-enabled supply chain operations and financing: the perspective of expectancy theory. Int. J. Oper. Prod. Manage. 43 (2023) 1943–1975. [CrossRef] [Google Scholar]
M. Du, Q. Chen, J. Xiao, H. Yang and X. Ma, Supply chain finance innovation using blockchain. IEEE Trans. Eng. Manage. 67 (2020) 1045–1058. [Google Scholar]
O. Ali, M. Ally and Y. Dwivedi, The state of play of blockchain technology in the financial services sector: a systematic literature review. Int. J. Inf. Manage. 54 (2020) 102199. [CrossRef] [Google Scholar]
J. Frizzo-Barker, P.A. Chow-White, P.R. Adams, J. Mentanko, D. Ha and S. Green, Blockchain as a disruptive technology for business: a systematic review. Int. J. Inf. Manage. 51 (2020) 102029. [CrossRef] [Google Scholar]
H. Barman, M. Pervin, S.K. Roy and G.-W. Weber, Analysis of a dual-channel green supply chain game-theoretical model under carbon policy. Int. J. Syst. Sci.: Oper. Logistics 10 (2023) 2242770. [Google Scholar]
H. Barman, S.K. Roy, L. Sakalauskas and G.-W. Weber, Inventory model involving reworking of faulty products with three carbon policies under neutrosophic environment. Adv. Eng. Inf. 57 (2023) 102081. [CrossRef] [Google Scholar]
H. Barman, M. Pervin and S.K. Roy, Impacts of green and preservation technology investments on a sustainable epq model during covid-19 pandemic. RAIRO-Oper. Res. 56 (2022) 2245–2275. [CrossRef] [EDP Sciences] [MathSciNet] [Google Scholar]
A. Mondal and S.K. Roy, Multi-objective sustainable opened-and closed-loop supply chain under mixed uncertainty during covid-19 pandemic situation. Comput. Ind. Eng. 159 (2021) 107453. [CrossRef] [Google Scholar]
A. Mondal, B.K. Giri, S.K. Roy, M. Deveci and D. Pamucar, Sustainable-resilient-responsive supply chain with demand prediction: an interval type-2 robust programming approach. Eng. App. Artif. Intell. 133 (2024) 108133. [CrossRef] [Google Scholar]
A. Paul, M. Pervin, S.K. Roy, G.-W. Weber and A. Mirzazadeh, Effect of price-sensitive demand and default risk on optimal credit period and cycle time for a deteriorating inventory model. RAIRO-Oper. Res. 55 (2021) S2575–S2592. [CrossRef] [EDP Sciences] [Google Scholar]
S.S. Ali, H. Barman, R. Kaur, H. Tomaskova and S.K. Roy, Multi-product multi echelon measurements of perishable supply chain: fuzzy non-linear programming approach. Mathematics 9 (2021) 2093. [CrossRef] [Google Scholar]
J. Chod, E. Lyandres and S.A. Yang, Trade credit and supplier competition. J. Finan. Econ. 131 (2019) 484–505. [CrossRef] [Google Scholar]
J. Chod, N. Trichakis and G. Tsoukalas, Supplier diversification under buyer risk. Manage. Sci. 65 (2019) 3150–3173. [CrossRef] [Google Scholar]
D. Wu, B. Zhang and O. Baron, A trade credit model with asymmetric competing retailers. Prod. Oper. Manage. 28 (2019) 206–231. [Google Scholar]
Q. Yan and F. Ye, Financing equilibrium in a three-echelon supply chain: the impact of a limited bank loan. Appl. Econ. 52 (2020) 5756–5769. [CrossRef] [Google Scholar]
H. Yang, Z. Zhen and H. Wan, Optimal portfolio financing selection in a capital-constrained supply chain with risk-averse members. Appl. Econ. 53 (2021) 4713–4733. [CrossRef] [Google Scholar]
V. Hovelaque, J.L. Viviani and M. Ait Mansour, Trade and bank credit in a non-cooperative chain with a price-sensitive demand. Int. J. Prod. Res. 60 (2022) 1553–1568. [CrossRef] [Google Scholar]
M.A. Robert and M.P. Jerome, Asset-based financing basics. Tech. Rep. AICPA & CIMA (2011). [Google Scholar]
D.A. Iancu, N. Trichakis and G. Tsoukalas, Is operating flexibility harmful under debt? Manage. Sci. 63 (2017) 1730–1761. [CrossRef] [Google Scholar]
Y. Alan and V. Gaur, Operational investment and capital structure under asset-based lending. Manuf. Ser. Oper. Manage. 20 (2018) 637–654. [CrossRef] [Google Scholar]
S.A. Yang and J.R. Birge, Trade credit, risk sharing, and inventory financing portfolios. Manage. Sci. 64 (2018) 3667–3689. [Google Scholar]
T. Li, W. Fang, D. Dash Wu and B. Zhang, Inventory financing a risk-averse newsvendor with strategic default. Ind. Manage. Data Syst. 120 (2020) 1003–1038. [CrossRef] [Google Scholar]
L. Liu, J.Z. Zhang, W. He and W. Li, Mitigating information asymmetry in inventory pledge financing through the internet of things and blockchain. J. Enterp. Inf. Manage. 34 (2021) 1429–1451. [CrossRef] [Google Scholar]
P. Kouvelis and W. Zhao, The newsvendor problem and price-only contract when bankruptcy costs exist. Prod. Oper. Manage. 20 (2011) 921–936. [Google Scholar]
Y. Lan, H. Yan, D. Ren and R. Guo, Merger strategies in a supply chain with asymmetric capital-constrained retailers upon market power dependent trade credit. Omega 83 (2019) 299–318. [CrossRef] [Google Scholar]
X. Chen, G. Cai and J.-S. Song, The cash flow advantages of 3PLs as supply chain orchestrators. Manuf. Serv. Oper. Manage. 21 (2019) 435–451. [CrossRef] [Google Scholar]
T.I. Tunca and W. Zhu, Buyer intermediation in supplier finance. Manage. Sci. 64 (2018) 5631–5650. [Google Scholar]
M. Reindorp, F. Tanrisever and A. Lange, Purchase order financing: credit, commitment, and supply chain consequences. Oper. Res. 66 (2018) 1287–1303. [CrossRef] [MathSciNet] [Google Scholar]
A. Wu, B. Huang and D. Chiang, Support SME suppliers through buyer-backed purchase order financing (2014). DOI: 10.2139/ssrn.2462521. [Google Scholar]
C.S. Tang, S.A. Yang and J. Wu, Sourcing from suppliers with financial constraints and performance risk. Manuf. Serv. Oper. Manage. 20 (2018) 70–84. [CrossRef] [Google Scholar]
Q. Huang, X. Zhao, M. Zhang, K. Yeung, L. Ma and Y.J. Hoi-yan, The joint effects of lead time, information sharing, and the accounts receivable period on reverse factoring. Ind. Manage. Data Syst. 120 (2020) 215–230. [Google Scholar]
P. Kouvelis and F. Xu, A supply chain theory of factoring and reverse factoring. Manage. Sci. 67 (2021) 6071–6088. [CrossRef] [Google Scholar]
L. Dong, Y. Qiu and F. Xu, Blockchain-enabled deep-tier supply chain finance. Manuf. Serv. Oper. Manage. 25 (2023) 2021–2037. [Google Scholar]
S. Nakamoto, A peer-to-peer electronic cash system. Bitcoin 4 (2008) 15. [Google Scholar]
E. Chowdhury, A. Stasi and A. Pellegrino, Blockchain technology in financial accounting: emerging regulatory issues. Rev. Finan. Econ. 21 (2023) 862–868. [Google Scholar]
T. Hendershott, X. Zhang, J.L. Zhao and Z. Zheng, Fintech as a game changer: overview of research frontiers. Inf. Syst. Res. 32 (2021) 1–17. [CrossRef] [Google Scholar]
P. Kouvelis, L. Dong and D. Turcic, Advances in supply chain finance and fintech innovations overview. Found. Trends Technol. Inf. Oper. Manage. 14 (2020) 1–4. [Google Scholar]
E. Hofmann, U.M. Strewe and N. Bosia, Supply Chain Finance and Blockchain Technology: The Case of Reverse Securitisation. Springer (2017). [Google Scholar]
J. Chod, N. Trichakis and S.A. Yang, Platform tokenization: financing, governance, and moral hazard. Manage. Sci. 68 (2022) 6411–6433. [CrossRef] [Google Scholar]
J. Gan, G. Tsoukalas and S. Netessine, Initial coin offerings, speculation, and asset tokenization. Manage. Sci. 67 (2021) 914–931. [CrossRef] [Google Scholar]
J. Gan, G. Tsoukalas and S. Netessine, Decentralized platforms: governance, tokenomics, and ICO design. Manage. Sci. 69 (2023) 6667–6683. [CrossRef] [Google Scholar]
V. Babich and G. Hilary, Om forum-distributed ledgers and operations: What operations management researchers should know about blockchain technology. Manuf. Serv. Oper. Manage. 22 (2020) 223–240. [CrossRef] [Google Scholar]
Y. Shibuya and V. Babich, Multi-tier supply chain financing with blockchain (2021). Available at SSRN 3787044. [Google Scholar]
Y. Yu, G. Huang and X. Guo, Financing strategy analysis for a multi-sided platform with blockchain technology. Int. J. Prod. Res. 59 (2021) 4513–4532. [CrossRef] [Google Scholar]
L. Liu, Y. Li and T. Jiang, Optimal strategies for financing a three-level supply chain through blockchain platform finance. Int. J. Prod. Res. 61 (2023) 3564–3581. [CrossRef] [Google Scholar]
C. Wang, X. Chen, X. Xu and W. Jin, Financing and operating strategies for blockchain technology-driven accounts receivable chains. Eur. J. Oper. Res. 304 (2023) 1279–1295. [CrossRef] [MathSciNet] [Google Scholar]
N. Jia, The Finance Mindset. CITIC Press Group VVI, Beijing (2020). [Google Scholar]
J. Xu, International Trade Finance Practice and Case. China Financial Publishing House, Beijing (2017). [Google Scholar]
L. Zhang, Code, Github. https://github.com/zhanglivy/WarehouseReceiptDoubleChannel/tree/main (2024). [Google Scholar]

Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.

Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.

Initial download of the metrics may take a while.