Optimal strategies for financing a three-level supply chain through blockchain platform finance

References

• Aghamohammadzadeh, E., and O. Valilai. 2020. “A Novel Cloud Manufacturing Service Composition Platform Enabled by Blockchain Technology.” International Journal of Production Research 58 (17): 5280–5298. doi:10.1080/00207543.2020.1715507.
   Web of Science ®Google Scholar
• An, S., B. Li, D. Song, and X. Chen. 2021. “Green Credit Financing Versus Trade Credit Financing in a Supply Chain with Carbon Emission Limits.” European Journal of Operational Research 292 (1): 125–142. doi:10.1016/j.ejor.2020.10.025.
   Web of Science ®Google Scholar
• Azzi, R., R. Kilany, and M. Sokhn. 2019. “The Power of A Blockchain-Based Supply Chain.” Computers & Industrial Engineering 135 (9): 582–592. doi:10.1016/j.cie.2019.06.042.
   Web of Science ®Google Scholar
• Cai, G. G., X. Chen, and Z. Xiao. 2014. “The Roles of Bank and Trade Credits: The Theoretical Analysis and Empirical Evidence.” Production and Operations Management 23 (4): 583–598. DOI: 10.1111/poms.12035.
   Web of Science ®Google Scholar
• Chen, X., G. Cai, and J. Song. 2019. “The Cash Flow Advantages of 3PLs as Supply Chain Orchestrators.” Manufacturing and Service Operations Management 21 (2): 435–451. DOI: 10.1287/msom.2017.0667.
   Web of Science ®Google Scholar
• Cheng, Y., D. D. Wu, D. L. Olson, and A. Dolgui. 2021. “Financing the Newsvendor with Preferential Credit: Bank vs. Manufacturer.” International Journal of Production Research 59 (14): 4228–4247. DOI: 10.1080/00207543.2020.1759839.
   Web of Science ®Google Scholar
• Chod, J., E. Lyandres, and S. A. Yang. 2019. “Trade Credit and Supplier Competition.” Journal of Financial Economics 131 (2): 484–505. DOI:10.1016/j.jfineco.2018.08.008.
   Web of Science ®Google Scholar
• Chod, J., N. Trichakis, G. Tsoukalas, H. Aspegren, and M. Weber. 2020. “On the Financing Benefits of Supply Chain Transparency and Blockchain Adoption.” Management Science 66 (10): 4378–4396. DOI:10.1287/mnsc.2019.3434.
   Web of Science ®Google Scholar
• Choi, T. 2020a. “Financing Product Development Projects in the Blockchain Era: Initial Coin Offerings Versus Traditional Bank Loans.” IEEE Transactions on Engineering Management, 1–13. DOI10.1109/TEM.2020.3032426.
   Web of Science ®Google Scholar
• Choi, T. 2020b. “Supply Chain Financing Using Blockchain: Impacts on Supply Chains Selling Fashionable Products.” Annals of Operations Research, doi:10.1007/s10479-020-03615-7.
   Web of Science ®Google Scholar
• Choi, T., L. Feng, and R. Li. 2020. “Information Disclosure Structure in Supply Chains with Rental Service Platforms in the Blockchain Technology Era.” International Journal of Production Economics 221), doi:10.1016/j.ijpe.2019.08.008107473.
   Web of Science ®Google Scholar
• Choi, T., and S. Luo. 2019. “Data Quality Challenges for Sustainable Fashion Supply Chain Operations in Emerging Markets: Roles of Blockchain, Government Sponsors and Environment Taxes.” Transportation Research Part E: Logistics and Transportation Review 131: 139–152. DOI: 10.1016/j.tre.2019.09.019.
   Web of Science ®Google Scholar
• Choi, T., and X. Ouyang. 2021. “Initial Coin Offerings for Blockchain-Based Product Provenance Authentication Platforms.” International Journal of Production Economics 233), DOI: 10.1016/j.ijpe.2020.107995.
   PubMed Web of Science ®Google Scholar
• Deng, S., K. Fu, J. Xu, and K. Zhu. 2021. “The Supply Chain Effects of Trade Credit Under Uncertain Demands.” Omega 98), DOI: 10.1016/j.omega.2019.102113.
   Web of Science ®Google Scholar
• Dolgui, A., D. Ivanov, S. Potryasaev, B. Sokolov, M. Ivanova, and F. Werner. 2020. “Blockchain-Oriented Dynamic Modelling of Smart Contract Design and Execution in the Supply Chain.” International Journal of Production Research 58 (7): 2184–2199. DOI10.1080/00207543.2019.1627439.
   Web of Science ®Google Scholar
• Dong, L., Y. Qiu, and F. Xu. 2021. “Blockchain-Enabled Deep-Tier Supply Chain Finance.” doi:10.2139/ssrn.3776953.
   Google Scholar
• Fan, Z., X. Wu, and B. Cao. 2020. “Considering the Traceability Awareness of Consumers: Should the Supply Chain Adopt the Blockchain Technology?” Annals of Operations Research, doi:10.1007/s10479-020-03729-y.
   PubMed Web of Science ®Google Scholar
• Gan, J., G. Tsoukalas, and S. Netessine. 2021. “Initial Coin Offerings, Speculation, and Asset Tokenization.” Management Science 67 (2): 914–931. DOI: 10.1287/mnsc.2020.3796.
   Web of Science ®Google Scholar
• Gao, G., Z. Fan, X. Fang, and Y. F. Lim. 2018. “Optimal Stackelberg Strategies for Financing a Supply Chain Through Online Peer-to-Peer Lending.” European Journal of Operational Research 267 (2): 585–597. DOI: 10.1016/j.ejor.2017.12.006.
   Web of Science ®Google Scholar
• Hastig, G. M., and M. S. Sodhi. 2020. “Blockchain for Supply Chain Traceability: Business Requirements and Critical Success Factors.” Production and Operations Management 29 (4): 935–954. DOI: 10.1111/poms.13147.
   Web of Science ®Google Scholar
• Hofmann, E., U. Strewe, and N. Bosia. 2018. Supply Chain Finance and Blockchain Technology. Springer International Publishing. DOI: 10.1007/978-3-319-62371-9.
   Google Scholar
• Hovelaque, V., J. Viviani, and M. A. Mansour. 2021. “Trade and Bank Credit in a Non-Cooperative Chain with a Price-Sensitive Demand.” International Journal of Production Research, 1–16. doi:10.1080/00207543.2020.1866222.
   Web of Science ®Google Scholar
• Huang, J., W. Yang, and Y. Tu. 2019. “Supplier Credit Guarantee Loan in Supply Chain with Financial Constraint and Bargaining.” International Journal of Production Research 57 (22): 7158–7173. DOI:10.1080/00207543.2019.1581386.
   Web of Science ®Google Scholar
• Jin, W., Q. Zhang, and J. Luo. 2019. “Non-Collaborative and Collaborative Financing in a Bilateral Supply Chain with Capital Constraints.” Omega 88: 210–222. DOI: 10.1016/j.omega.2018.04.001.
   Web of Science ®Google Scholar
• Jing, B., X. Chen, and G. G. Cai. 2012. “Equilibrium Financing in a Distribution Channel with Capital Constraint.” Production and Operations Management 21 (6): 1090–1101. DOI: 10.1111/j.1937-5956.2012.01328.x.
   Web of Science ®Google Scholar
• Kouvelis, P., and W. Zhao. 2016. “Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs.” Management Science 62 (8): 2341–2357. DOI: 10.1287/mnsc.2015.2248.
   Web of Science ®Google Scholar
• Kouvelis, P., and W. Zhao. 2018. “Who Should Finance the Supply Chain? Impact of Credit Ratings on Supply Chain Decisions.” Manufacturing and Service Operations Management 20 (1): 19–35. DOI: 10.1287/msom.2017.0669.
   Web of Science ®Google Scholar
• Kumar, A., R. Liu, and Z. Shan. 2020. “Is Blockchain a Silver Bullet for Supply Chain Management? Technical Challenges and Research Opportunities.” Decision Sciences 51 (1): 8–37. DOI: 10.1111/deci.12396.
   Web of Science ®Google Scholar
• Lan, Y., H. Yan, D. Ren, and R. Guo. 2019. “Merger Strategies in a Supply Chain with Asymmetric Capital-Constrained Retailers upon Market Power Dependent Trade Credit.” Omega 83: 299–318. DOI: 10.1016/j.omega.2018.08.009.
   Web of Science ®Google Scholar
• Li, Y., and X. Jiang. 2020. “The Supplier’s Optimal Guarantee Policy in Newsvendor Finance.” International Transactions in Operational Research 27 (5): 2370–2395. DOI: 10.1111/itor.12757.
   Web of Science ®Google Scholar
• Li, Y., L. Liu, L. Feng, W. Wang, and F. Xu. 2020. “Optimal Financing Models Offered by Manufacturers with Risk Aversion and Market Competition Considerations.” Decision Sciences 51 (6): 1411–1454. DOI: 10.1111/deci.12434.
   Web of Science ®Google Scholar
• Manupati, V. K., T. Schoenherr, M. Ramkumar, S. M. Wagner, S. K. Pabba, and R. I. R. Singh. 2020. “A Blockchain-Based Approach for a Multi-Echelon Sustainable Supply Chain.” International Journal of Production Research 58 (7): 2222–2241. DOI:10.1080/00207543.2019.1683248.
   Web of Science ®Google Scholar
• Niu, B., Z. Mu, B. Cao, and J. Gao. 2021. “Should Multinational Firms Implement Blockchain to Provide Quality Verification?” Transportation Research Part E: Logistics and Transportation Review 145), doi:10.1016/j.tre.2020.102121.
   PubMed Web of Science ®Google Scholar
• Rahmanzadeh, S., M. Pishvaee, and M. Rasouli. 2020. “Integrated Innovative Product Design and Supply Chain Tactical Planning Within a Blockchain Platform.” International Journal of Production Research 58 (7): 2242–2262. doi:10.1080/00207543.2019.1651947.
   Web of Science ®Google Scholar
• Shen, B., X. Xu, and Q. Yuan. 2020. “Selling Secondhand Products Through an Online Platform with Blockchain. .” Transportation Research. Part E, Logistics and Transportation Review 142: 102066. DOI: 10.1016/j.tre.2020.102066. at SSRN. https://ssrn.com/abstract=3776953.
   PubMed Web of Science ®Google Scholar
• Shi, X., S. Yao, and S. Luo. 2021. “Innovative Platform Operations with the use of Technologies in the Blockchain era.” International Journal of Production Research, doi:10.1080/00207543.2021.1953182.
   PubMed Web of Science ®Google Scholar
• Tang, C. S., S. A. Yang, and J. Wu. 2018. “Sourcing from Suppliers with Financial Constraints and Performance Risk.” Manufacturing and Service Operations Management 20 (1): 70–84. doi:10.1287/msom.2017.0638.
   Web of Science ®Google Scholar
• Wang, Z., Z. Zheng, W. Jiang, and S. Tang. 2021. “Blockchain-Enabled Data Sharing in Supply Chains: Model, Operationalization, and Tutorial.” Production and Operations Management, doi:10.1111/poms.13356.
   PubMed Web of Science ®Google Scholar
• Wu, D., B. Zhang, and O. Baron. 2019. “A Trade Credit Model with Asymmetric Competing Retailers.” Production and Operations Management 28 (1): 206–231. doi:10.1111/poms.12882.
   Web of Science ®Google Scholar
• Xu, Q., and Y. He. 2021. “Optimal Information Disclosure Strategies for a Retail Platform in the Blockchain Technology era.” International Journal of Production Research, doi:10.1080/00207543.2021.1976434.
   PubMed Web of Science ®Google Scholar
• Xu, X., M. Zheng, G. Dou, and Y. Yu. 2021. “Coordination of a Supply Chain with an Online Platform Considering Green Technology in the Blockchain era.” International Journal of Production Research, doi:10.1080/00207543.2021.1894367.
   PubMed Web of Science ®Google Scholar
• Yan, N., B. Sun, H. Zhang, and C. Liu. 2016. “A Partial Credit Guarantee Contract in a Capital-Constrained Supply Chain: Financing Equilibrium and Coordinating Strategy.” International Journal of Production Economics 173: 122–133. DOI: 10.1016/j.ijpe.2015.12.005.
   Web of Science ®Google Scholar
• Yi, Z., Y. Wang, and Y. Chen. 2021. “Financing an Agricultural Supply Chain with a Capital-Constrained Smallholder Farmer in Developing Economies.” Production and Operations Management, DOI: 10.1111/poms.13357.
   PubMed Web of Science ®Google Scholar
• Yu, Y., G. Huang, and X. Guo. 2020. “Financing Strategy Analysis for a Multi-Sided Platform with Blockchain Technology.” International Journal of Production Research, doi:10.1080/00207543.2020.1766718.
   Web of Science ®Google Scholar
• Zheng, K., Z. Zhang, and J. Gauthier. 2020. “Blockchain-based Intelligent Contract for Factoring Business in Supply Chains.” Annals of Operations Research, doi:10.1007/s10479-020-03601-z.
   Web of Science ®Google Scholar
• Zhou, W., T. Lin, and G. Cai. 2020. “Guarantor Financing in a Four-Party Supply Chain Game with Leadership Influence.” Production and Operations Management 29 (9): 2035–2056. DOI: 10.1111/poms.13196.
   Web of Science ®Google Scholar