In a product market with uncertain demand, we examine a distribution channel consisting of one manufacturer and one capital-constrained retailer. The retailer may fund its business by borrowing credit either from a competitive bank market or from the manufacturer, provided it is also to the...

This paper evaluates the simultaneous determination of price and inventory replenishment when a firm faces demand from distinct market segments. A firm utilizes fences, such as advance or nonrefundable payment, to maintain separation of its market segments; however, fences are imperfect and...

This paper examines the impact of financing on the performance of a two-level supply chain consisting of a supplier and a budget-constrained retailer. To carry out our study, we set up a three-stage Stackelberg game under a wholesale price contract with a financial market. We show that financing...

Integrated logistics and financial services have been practiced by third party logistics (3PL) firms for years; however, the literature has been silent on the value of 3PL firms as credit providers in budget-constrained supply chains. This paper investigates an extended supply chain model with a...

Few papers have studied the optimal pricing and ordering with partial lost sales from a two-stage game theoretic perspective. This paper considers a supply chain game with a buyer and a seller through pricing and ordering models with partial lost sales. We evaluate the optimal solutions for the...

Asia’s trading and financial hubs have become global cities which frequently have more in common and closer linkages with each other than with their corresponding hinterlands. As this book expounds, these global cities illustrate to what extent world trends deeply penetrate and permeate...

Cet article évalue la part croissante du secteur privé chinois en Afrique. Actuellement l’attention se porte sur les entreprises publiques chinoises qui investissent dans le secteur minier et peu d’intérêt est accordé aux entreprises du secteur privé. Cette étude comble ce manque en...

China’s rapid growth has transformed its relationship with Africa. Industrialization has boosted China’s import demand for oil and minerals (e.g. iron ore, bauxite, nickel, copper), which Africa can satisfy. China is now Africa’s third largest trading partner and the Chinese governments...