Trade credit and loan in capital-constrained supply chain network design model.
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| Title: | Trade credit and loan in capital-constrained supply chain network design model. |
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| Authors: | Fathi Heli Abadi, Azar1 (AUTHOR) a_fathiheliabadi@sbu.ac.ir, Raad, Abbas1 (AUTHOR) a-raad@sbu.ac.ir, Motameni, Alireza1 (AUTHOR) A_Motameni@sbu.ac.ir, Talebi, Davood1 (AUTHOR) d-talebi@sbu.ac.ir |
| Source: | Environment, Development & Sustainability. Feb2025, Vol. 27 Issue 2, p5187-5222. 36p. |
| Subject Terms: | *Stockholder wealth, *Multi-objective optimization, *Net present value, *Supply chains, *Small business, *Particle swarm optimization |
| Abstract: | Enhancing the management of working capital in supply chains due to fluctuations in demand necessitates the utilization of financial resources such as loans and trade credit. Small and medium-sized enterprises in developing countries often face financial challenges and lack the necessary credit history to secure bank loans. Consequently, trade credit has emerged as a viable debt-based financing alternative. This article presents a two-objective mathematical model for a three-level, multi-period, multi-product supply chain network, in which suppliers provide trade credit to plants for raw material procurement. Furthermore, plants offer trade credit to distribution centers, a novel approach absent from previous studies. The primary objective is to maximize the net present value of shareholders' wealth at the end of the planning horizon, while the secondary objective focuses on maximizing the fill rate. The AEC method and CPLEX solver were employed to solve the model in small dimensions. Given the model's categorization as NP-hard, the nondominated sorting genetic algorithm (NSGA-II) and multi-objective particle swarm optimization metaheuristic algorithms were utilized for solving the model in large dimensions. Additionally, the model's validity was investigated through real-world applications. [ABSTRACT FROM AUTHOR] |
| Database: | Energy & Power Source |
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| Header | DbId: enr DbLabel: Energy & Power Source An: 183080822 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Trade credit and loan in capital-constrained supply chain network design model. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Fathi+Heli+Abadi%2C+Azar%22">Fathi Heli Abadi, Azar</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> a_fathiheliabadi@sbu.ac.ir</i><br /><searchLink fieldCode="AR" term="%22Raad%2C+Abbas%22">Raad, Abbas</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> a-raad@sbu.ac.ir</i><br /><searchLink fieldCode="AR" term="%22Motameni%2C+Alireza%22">Motameni, Alireza</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> A_Motameni@sbu.ac.ir</i><br /><searchLink fieldCode="AR" term="%22Talebi%2C+Davood%22">Talebi, Davood</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> d-talebi@sbu.ac.ir</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Environment%2C+Development+%26+Sustainability%22">Environment, Development & Sustainability</searchLink>. Feb2025, Vol. 27 Issue 2, p5187-5222. 36p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Stockholder+wealth%22">Stockholder wealth</searchLink><br />*<searchLink fieldCode="DE" term="%22Multi-objective+optimization%22">Multi-objective optimization</searchLink><br />*<searchLink fieldCode="DE" term="%22Net+present+value%22">Net present value</searchLink><br />*<searchLink fieldCode="DE" term="%22Supply+chains%22">Supply chains</searchLink><br />*<searchLink fieldCode="DE" term="%22Small+business%22">Small business</searchLink><br />*<searchLink fieldCode="DE" term="%22Particle+swarm+optimization%22">Particle swarm optimization</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Enhancing the management of working capital in supply chains due to fluctuations in demand necessitates the utilization of financial resources such as loans and trade credit. Small and medium-sized enterprises in developing countries often face financial challenges and lack the necessary credit history to secure bank loans. Consequently, trade credit has emerged as a viable debt-based financing alternative. This article presents a two-objective mathematical model for a three-level, multi-period, multi-product supply chain network, in which suppliers provide trade credit to plants for raw material procurement. Furthermore, plants offer trade credit to distribution centers, a novel approach absent from previous studies. The primary objective is to maximize the net present value of shareholders' wealth at the end of the planning horizon, while the secondary objective focuses on maximizing the fill rate. The AEC method and CPLEX solver were employed to solve the model in small dimensions. Given the model's categorization as NP-hard, the nondominated sorting genetic algorithm (NSGA-II) and multi-objective particle swarm optimization metaheuristic algorithms were utilized for solving the model in large dimensions. Additionally, the model's validity was investigated through real-world applications. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=183080822 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1007/s10668-024-05399-3 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 36 StartPage: 5187 Subjects: – SubjectFull: Stockholder wealth Type: general – SubjectFull: Multi-objective optimization Type: general – SubjectFull: Net present value Type: general – SubjectFull: Supply chains Type: general – SubjectFull: Small business Type: general – SubjectFull: Particle swarm optimization Type: general Titles: – TitleFull: Trade credit and loan in capital-constrained supply chain network design model. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Fathi Heli Abadi, Azar – PersonEntity: Name: NameFull: Raad, Abbas – PersonEntity: Name: NameFull: Motameni, Alireza – PersonEntity: Name: NameFull: Talebi, Davood IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 02 Text: Feb2025 Type: published Y: 2025 Identifiers: – Type: issn-print Value: 1387585X Numbering: – Type: volume Value: 27 – Type: issue Value: 2 Titles: – TitleFull: Environment, Development & Sustainability Type: main |
| ResultId | 1 |
