Dual-channel supply chain operations with working capital constraint: constant vs increasing marginal costs
This paper builds a two-stage game model to capture the operations of a dual-channel supply chain consisting of one supplier and two retailers where one of the retailers is constrained by its working capital and the other is not.With this model,we identify the different effects of the capital constraint on the operations of the supply chain and the corresponding profitability in two different(production)technological settings where the marginal cost is constant and increasing respectively.The results show that(1)in the case of a constant marginal cost,the unconstrained retailers operations and its profitability are independent of the constrained retailers working capital,while in the case of an increasing marginal cost,the constrained retailers working capital have a negative impact on the unconstrained retailers ordering quantity and profitability;(2)the impact of an change in such working capital on the constrained retailers operations and profitability is regardless to the feature of the marginal cost;(3)in both setting,the supplier and the constrained retailer benefit from an increase in the constrained retailers operational capital;(4)in the case of an increasing marginal cost,this produces a conflict between the constrained and the unconstrained channels.Managerial insights are also discussed.
supply chain dual channels operational capital constraints marginal cost
Zhuang Xiao Yixiang Tian Zheng Yuan
School of Management and Economics,UESTC,Chengdu,China;School of Management and Economics,CUAS,Chong School of Management and Economics,UESTC,Chengdu,China
国际会议
上海
英文
215-225
2017-10-21（万方平台首次上网日期，不代表论文的发表时间）