TY - GEN
T1 - Financial Assistance in a Capital-Constrained Cellphone Supply Chain
AU - Wu, Song Man
AU - Chan, Felix T.S.
AU - Chung, S. H.
N1 - Publisher Copyright:
© 2022, IFIP International Federation for Information Processing.
PY - 2022/2/8
Y1 - 2022/2/8
N2 - In the cellphone industry, some manufacturers may face the problem of insufficient funds in the production process and some retailers can return unsold phones to the manufacturer at a repurchase price. Hence, in this article, we aim to investigate the supply chain operation and financing strategy under a buyback policy in the product lifecycle management of the cellphone. In this supply chain, the manufacturer can obtain money from two sources, one is the downstream retailer’s advance payments, the other is the loans from a third-party financial institution. Through modeling, the optimal strategy of the supply chain is determined, and the influence of the deviation between repurchase price and residual value on the optimal strategy of the supply chain is analyzed. The results show that the deviation between the repurchase price and the residual value of the unsold cellphone has an impact on the manufacturer’s decisions, and the repurchase price has an impact on the financing equilibrium. Finally, the numerical analysis verifies the results.
AB - In the cellphone industry, some manufacturers may face the problem of insufficient funds in the production process and some retailers can return unsold phones to the manufacturer at a repurchase price. Hence, in this article, we aim to investigate the supply chain operation and financing strategy under a buyback policy in the product lifecycle management of the cellphone. In this supply chain, the manufacturer can obtain money from two sources, one is the downstream retailer’s advance payments, the other is the loans from a third-party financial institution. Through modeling, the optimal strategy of the supply chain is determined, and the influence of the deviation between repurchase price and residual value on the optimal strategy of the supply chain is analyzed. The results show that the deviation between the repurchase price and the residual value of the unsold cellphone has an impact on the manufacturer’s decisions, and the repurchase price has an impact on the financing equilibrium. Finally, the numerical analysis verifies the results.
KW - Buyback policy
KW - Capital constraints
KW - Residual value
KW - Supply chain financing
KW - Supply Chain Management
UR - http://www.scopus.com/inward/record.url?scp=85125234196&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-94335-6_6
DO - 10.1007/978-3-030-94335-6_6
M3 - Conference article published in proceeding or book
AN - SCOPUS:85125234196
SN - 9783030943349
T3 - IFIP Advances in Information and Communication Technology
SP - 74
EP - 83
BT - Product Lifecycle Management. Green and Blue Technologies to Support Smart and Sustainable Organizations
A2 - Canciglieri Junior, Osiris
A2 - Noël, Frédéric
A2 - Rivest, Louis
A2 - Bouras, Abdelaziz
PB - Springer Science and Business Media Deutschland GmbH
T2 - 18th IFIP WG 5.1 International Conference on Product Lifecycle Management, PLM 2021
Y2 - 11 July 2021 through 14 July 2021
ER -