Purpose: The paper aims to explore the optimal strategies of inventory financing when the risk-averse retailer has different objectives, in the presence of multi-risk, i.e. demand risk, non-operational risk and retailer's strategic default risk. Design/methodology/approach: This paper develops...

We examine the effect of free-riding and decision bias on the dual-channel operations of a supply chain consisting of one retailer and one manufacturer, in which the manufacturer has an option to open the direct channel. Under the dual-channel scenario, we explore the role of the free-riding of...