How to cite this paper
Brahm, A., Hadj-Alouane, A & Sboui, S. (2020). Dynamic and reactive optimization of physical and financial flows in the supply chain.International Journal of Industrial Engineering Computations , 11(1), 83-106.
Refrences
Amrani, A., Deschamps, J.C., & Bourrières, J.P. (2012). The impact of supply contracts on supply chain product-flow management. Journal of Manufacturing Systems, 31(2), 253-266.
Badell, M., Romero, J., Huertas, R., & Puigjaner, L. (2004). Planning, scheduling and budgeting value-added chains. Computers and Chemical Engineering, 28(1-2), 45-61.
Bal, A. B., Elliot, V., Lindblom, T., Malmberg, L.-G., Rajput, T., & Woxenius, J. (2018). Different Perspectives on Supply Chain Finance—In Search of a Holistic Approach. Finance and Risk Management for International Logistics and the Supply Chain, 35–54.
Bassok, Y. & Anupindi R. (2008). Analysis of supply contracts with commitments and flexibility. Naval Research Logistics, 55(5), 459–77.
Shen, B., Choi, T.M., & Minner, S. (2018). A review on supply chain contracting with information considerations: information updating and information asymmetry. International Journal of Production Research, 1-39. https://doi.org/10.1080/00207543.2018.1467062
Brealey, R., Myers, S.C., & Allen, F. (2011). Principles of Corporate Finance. Tata McGraw-Hill Education.
Cao, M. & Zhang, Q. (2010). Supply chain collaborative advantage: A firm’s perspective. International Journal of Production Economics, 128 (1), 358-367.
Chen, X.F., & Hu, C.X. (2011). The value of supply chain finance. Supply Chain Management- Applications and Simulations, 111-132.
Comelli, M., Féniès, P., & Tchernev, N. (2008). A combined financial and physical flows evaluation for logistic process and tactical production planning: Application in a company supply chain. International Journal of Production Economics, 112(1), 77-95.
Dada, M., & Hu, Q. J. (2008). Financing newsvendor inventory. Operations Research Letters, 36(5), 569-573.
Demirguc-Kunt, A., & Vojislav, M. (2002). Firms as Financial Intermediaries: Evidence from Trade Credit Data. World Bank Working Paper.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance and Accounting, 30, 573-587.
Fabbri, D., & Klapper, L. (2009). Trade credit and the supply chain. Working paper. University of Amsterdam, Netherlands.
Galasso, F., Mercé, C., & Grabot, B. (2009). Decision support framework for supply chain planning with flexible demand. International Journal of Production Research, 47(2), 455–478.
Grossman, S., & Hart, O. (1986). The costs and benefits of ownership: a theory of vertical and lateral integration. Journal of Political Economy, 94(4), 691-719.
Guillén-Gosálbez, G., Badell, M., Espuña, A., & Puigjaner, L. (2006). Simultaneous optimization of process operations and financial decisions to enhance the integrated planning/scheduling of chemical supply chains. Computers and Chemical Engineering, 30, 421–436.
Gupta, S., & Dutta, K. (2011). Modeling of financial supply chain. European Journal of Operational Research, 211(1), 47-56.
Hahn, G. J., & Kuhn, H. (2012) Simultaneous investment, operations, and financial planning in supply chains: A value-based optimization approach. International Journal of Production Economics, 140, 559-569.
Heydari, J., Rastegar, M., & Glock, C. H. (2017). A two-level delay in payments contract for supply chain coordination: The case of credit-dependent demand. International Journal of Production Economics, 191, 26–36.
Hofmann, E. (2005). Supply Chain Finance: some conceptual insights. Beiträge Zu Beschaffung Und Logistik, 203-214.
Lainez, J. M., Guillén-Gosálbez, G., Badell, M., Espuna, A., & Puigjaner, L.(2007). Enhancing corporate value in the optimal design of chemical supply chains. Industrial and Engineering Chemistry Research, 46, 7739–7757.
Laínez, J. M., Puigjaner, L., & Reklaitis, G. V. (2009). Financial and financial engineering considerations in supply chain and product development pipeline management. Computers and Chemical Engineering, 33, 1999-2011.
Lalami, I., Frein, Y., & Gayon, J. P. (2017). Production planning in automotive powertrain plants: a case study. International Journal of Production Research, 55(18), 5378-5393.
Longinidis, P., & Georgiadis, M.C. (2011). Integration of financial statement analysis in the optimal design of supply chain networks under demand uncertainty, International Journal of Production Economics, 129, 262–276.
Longinidis, P., & Georgiadis, M.C. (2013). Managing the trade-offs between financial performance and credit solvency in the optimal design of supply chain networks under economic uncertainty. Computers and Chemical Engineering, 48, 264–279.
Longinidis, P., Georgiadis, M. C., & Kozanidis, G. (2015). Integrating operational hedging of exchange rate risk in the optimal design of global supply chain networks. Industrial & Engineering Chemistry Research, 54(24), 6311-6325.
Lian, Z., & Deshmukh, A. (2009). Analysis of supply contracts with quantity flexibility. European Journal of Operational Research, 196(2), 526-533.
Lin, P.C., & Uzsoy, R. (2016). Chance-constrained formulations in rolling horizon production planning: an experimental study. International Journal of Production Research, 54(13), 3927–3942.
Lin, Q., Su, X., & Peng, Y. (2018). Supply chain coordination in confirming warehouse financing. Computers & Industrial Engineering, 118, 104-111.
Luo, W. & Shang, K. (2013). Managing inventory for entrepreneurial firms with trade credit and payment defaults. Available at SSRN, 2013.
Klapper, L. (2006). The role of factoring for financing small and medium enterprises. Journal of Banking and Finance, 30(11), 3111-3130.
Klapper, L., Laeven, L., & Rajan, R. (2011). Trade credit contracts. The Review of Financial Studies, 25(3), 838-867.
Kim, J. S., Park, S. I., & Shin, K. Y. (2014). A quantity flexibility contract model for a system with heterogeneous suppliers. Computers and Operations Research, 41, 98-108.
Meltzer, A. (1960). Mercantile credit, monetary policy and the size of firms. Review of Economics and Statistics, 42(4), 429-437.
Mian, S.L., & Smith, C.W. (1992). Accounts receivable management policy: Theory and evidence. The Journal of Finance, 47(1), 169-200.
Nickel, S., Saldanha-da-Gama, F., & Ziegler, H. P. (2012). A multi-stage stochastic supply network design problem with financial decisions and risk management. Omega, 40(5), 511-524.
Petersen, M. A., & Rajan, R. G. (1997). Trade credit: theories and evidence. The Review of Financial Studies, 10(3), 661-691.
Pfohl, H.C., & Gomm, M. (2009). Supply chain finance: Optimizing financial flows in supply chains. Logistics Research, 1(3), 149-161.
Protopappa-Sieke, M., & Seifert, R. W. (2010). Interrelating operational and financial performance measurements in inventory control. European Journal of Operational Research, 204(3), 439-448.
Protopappa-Sieke, M. & Seifert, R.W. (2017). Benefits of working capital sharing in supply chains. Journal of the Operational Research Society, 68 (5), 521–532.
Puigjaner, L., & Guillén-Gosálbez, G. (2008). Towards an integrated framework for supply chain management in the batch chemical process industry. Computers & Chemical Engineering, 32(4-5), 650-670.
Puigjaner, L., & Laínez, J. M. (2008). Capturing dynamics in integrated supply chain management. Computers and Chemical Engineering, 32(11), 2582–2605.
Romero, J., Badell, M., Bagajewicz, M. J., & Puigjaner, L. (2003). Integrating budgeting models into scheduling and planning models for the chemical batch industry. Industrial and Engineering Chemistry Research, 42(24), 6125–6134.
Sethi, S. P., Yan, H., & Zhang, H. (2004). Quantity flexibility contracts: optimal decisions with information updates. Decision Sciences, 35(4), 691-712.
Sharma, P., Sarker, B.R., & Romagnoli, J.A. (2011). A decision support tool for strategic planning of sustainable biorefineries. Computers and Chemical Engineering, 35(9), 1767– 1781.
Shen, B., Choi, T.M., & Minner, S. (2018). A review on supply chain contracting with information considerations: information updating and information asymmetry. International Journal of Production Research, 1–39. https://doi.org/10.1080/00207543.2018.1467062
Sodhi, M.S., & Tang, C.S. (2009). Modeling supply-chain planning under demand uncertainty using stochastic programming: a survey motivated by asset-liability management. Productions Economics, 121, 728–738.
Sodhi, M. S., & Tang, C. S. (2012). Tactical approaches for mitigating supply chain risks: Financial and operational hedging, in: Managing supply chain risk (pp. 109-133). Springer, Boston, MA.
Sopranzetti, B. J. (1998). The economics of factoring accounts receivable. Journal of Economics and Business, 50(4), 339–359.
Soufani, K. (2002). On the determinants of factoring as a financing choice: evidence from the UK. Journal of Economics and Business, 54(2), 239–252.
Steinrücke, M., & Albrecht, W. (2016). A flow-to-equity approach to coordinate supply chain network planning and financial planning with annual cash outflows to an institutional investor. Business Research, 9(2), 297-333.
Tsay, A. A. (1999). The Quantity Flexibility Contract and Supplier-Customer Incentives. Management Science, 45(10), 1339-1358.
Tsay, A. A., & Lovejoy, W. S. (1999). Quantity flexibility contracts and supply chain performance. Manufacturing & Service Operations Management, 1(2), 89-111.
Yang, S. A., & Birge, J. R. (2013). How inventory is (should be) financed: Trade credit in supply chains with demand uncertainty and costs of financial distress. Available at SSRN 1734682.
Yi, G., & Reklaitis, G.V. (2004).Optimal design of batch-storage network with financial transactions and cash flows. AIChE Journal, 50(11), 2849–2865.
Walsh, P.M., Williams P.A., & Heavey, C. (2008) Investigation of rolling horizon flexibility contracts in a supply chain under highly variable stochastic demand. IMA Journal of Management Mathematics, 19(2), 117–35.
Zeballos, A.C, Seifert, RW., & Protopappa-Sieke, M. (2013). Single product, finite horizon, periodic review inventory model with working capital requirements and short-term debt. Computers and Operations Research, 40(12), 2940–2949.
Badell, M., Romero, J., Huertas, R., & Puigjaner, L. (2004). Planning, scheduling and budgeting value-added chains. Computers and Chemical Engineering, 28(1-2), 45-61.
Bal, A. B., Elliot, V., Lindblom, T., Malmberg, L.-G., Rajput, T., & Woxenius, J. (2018). Different Perspectives on Supply Chain Finance—In Search of a Holistic Approach. Finance and Risk Management for International Logistics and the Supply Chain, 35–54.
Bassok, Y. & Anupindi R. (2008). Analysis of supply contracts with commitments and flexibility. Naval Research Logistics, 55(5), 459–77.
Shen, B., Choi, T.M., & Minner, S. (2018). A review on supply chain contracting with information considerations: information updating and information asymmetry. International Journal of Production Research, 1-39. https://doi.org/10.1080/00207543.2018.1467062
Brealey, R., Myers, S.C., & Allen, F. (2011). Principles of Corporate Finance. Tata McGraw-Hill Education.
Cao, M. & Zhang, Q. (2010). Supply chain collaborative advantage: A firm’s perspective. International Journal of Production Economics, 128 (1), 358-367.
Chen, X.F., & Hu, C.X. (2011). The value of supply chain finance. Supply Chain Management- Applications and Simulations, 111-132.
Comelli, M., Féniès, P., & Tchernev, N. (2008). A combined financial and physical flows evaluation for logistic process and tactical production planning: Application in a company supply chain. International Journal of Production Economics, 112(1), 77-95.
Dada, M., & Hu, Q. J. (2008). Financing newsvendor inventory. Operations Research Letters, 36(5), 569-573.
Demirguc-Kunt, A., & Vojislav, M. (2002). Firms as Financial Intermediaries: Evidence from Trade Credit Data. World Bank Working Paper.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance and Accounting, 30, 573-587.
Fabbri, D., & Klapper, L. (2009). Trade credit and the supply chain. Working paper. University of Amsterdam, Netherlands.
Galasso, F., Mercé, C., & Grabot, B. (2009). Decision support framework for supply chain planning with flexible demand. International Journal of Production Research, 47(2), 455–478.
Grossman, S., & Hart, O. (1986). The costs and benefits of ownership: a theory of vertical and lateral integration. Journal of Political Economy, 94(4), 691-719.
Guillén-Gosálbez, G., Badell, M., Espuña, A., & Puigjaner, L. (2006). Simultaneous optimization of process operations and financial decisions to enhance the integrated planning/scheduling of chemical supply chains. Computers and Chemical Engineering, 30, 421–436.
Gupta, S., & Dutta, K. (2011). Modeling of financial supply chain. European Journal of Operational Research, 211(1), 47-56.
Hahn, G. J., & Kuhn, H. (2012) Simultaneous investment, operations, and financial planning in supply chains: A value-based optimization approach. International Journal of Production Economics, 140, 559-569.
Heydari, J., Rastegar, M., & Glock, C. H. (2017). A two-level delay in payments contract for supply chain coordination: The case of credit-dependent demand. International Journal of Production Economics, 191, 26–36.
Hofmann, E. (2005). Supply Chain Finance: some conceptual insights. Beiträge Zu Beschaffung Und Logistik, 203-214.
Lainez, J. M., Guillén-Gosálbez, G., Badell, M., Espuna, A., & Puigjaner, L.(2007). Enhancing corporate value in the optimal design of chemical supply chains. Industrial and Engineering Chemistry Research, 46, 7739–7757.
Laínez, J. M., Puigjaner, L., & Reklaitis, G. V. (2009). Financial and financial engineering considerations in supply chain and product development pipeline management. Computers and Chemical Engineering, 33, 1999-2011.
Lalami, I., Frein, Y., & Gayon, J. P. (2017). Production planning in automotive powertrain plants: a case study. International Journal of Production Research, 55(18), 5378-5393.
Longinidis, P., & Georgiadis, M.C. (2011). Integration of financial statement analysis in the optimal design of supply chain networks under demand uncertainty, International Journal of Production Economics, 129, 262–276.
Longinidis, P., & Georgiadis, M.C. (2013). Managing the trade-offs between financial performance and credit solvency in the optimal design of supply chain networks under economic uncertainty. Computers and Chemical Engineering, 48, 264–279.
Longinidis, P., Georgiadis, M. C., & Kozanidis, G. (2015). Integrating operational hedging of exchange rate risk in the optimal design of global supply chain networks. Industrial & Engineering Chemistry Research, 54(24), 6311-6325.
Lian, Z., & Deshmukh, A. (2009). Analysis of supply contracts with quantity flexibility. European Journal of Operational Research, 196(2), 526-533.
Lin, P.C., & Uzsoy, R. (2016). Chance-constrained formulations in rolling horizon production planning: an experimental study. International Journal of Production Research, 54(13), 3927–3942.
Lin, Q., Su, X., & Peng, Y. (2018). Supply chain coordination in confirming warehouse financing. Computers & Industrial Engineering, 118, 104-111.
Luo, W. & Shang, K. (2013). Managing inventory for entrepreneurial firms with trade credit and payment defaults. Available at SSRN, 2013.
Klapper, L. (2006). The role of factoring for financing small and medium enterprises. Journal of Banking and Finance, 30(11), 3111-3130.
Klapper, L., Laeven, L., & Rajan, R. (2011). Trade credit contracts. The Review of Financial Studies, 25(3), 838-867.
Kim, J. S., Park, S. I., & Shin, K. Y. (2014). A quantity flexibility contract model for a system with heterogeneous suppliers. Computers and Operations Research, 41, 98-108.
Meltzer, A. (1960). Mercantile credit, monetary policy and the size of firms. Review of Economics and Statistics, 42(4), 429-437.
Mian, S.L., & Smith, C.W. (1992). Accounts receivable management policy: Theory and evidence. The Journal of Finance, 47(1), 169-200.
Nickel, S., Saldanha-da-Gama, F., & Ziegler, H. P. (2012). A multi-stage stochastic supply network design problem with financial decisions and risk management. Omega, 40(5), 511-524.
Petersen, M. A., & Rajan, R. G. (1997). Trade credit: theories and evidence. The Review of Financial Studies, 10(3), 661-691.
Pfohl, H.C., & Gomm, M. (2009). Supply chain finance: Optimizing financial flows in supply chains. Logistics Research, 1(3), 149-161.
Protopappa-Sieke, M., & Seifert, R. W. (2010). Interrelating operational and financial performance measurements in inventory control. European Journal of Operational Research, 204(3), 439-448.
Protopappa-Sieke, M. & Seifert, R.W. (2017). Benefits of working capital sharing in supply chains. Journal of the Operational Research Society, 68 (5), 521–532.
Puigjaner, L., & Guillén-Gosálbez, G. (2008). Towards an integrated framework for supply chain management in the batch chemical process industry. Computers & Chemical Engineering, 32(4-5), 650-670.
Puigjaner, L., & Laínez, J. M. (2008). Capturing dynamics in integrated supply chain management. Computers and Chemical Engineering, 32(11), 2582–2605.
Romero, J., Badell, M., Bagajewicz, M. J., & Puigjaner, L. (2003). Integrating budgeting models into scheduling and planning models for the chemical batch industry. Industrial and Engineering Chemistry Research, 42(24), 6125–6134.
Sethi, S. P., Yan, H., & Zhang, H. (2004). Quantity flexibility contracts: optimal decisions with information updates. Decision Sciences, 35(4), 691-712.
Sharma, P., Sarker, B.R., & Romagnoli, J.A. (2011). A decision support tool for strategic planning of sustainable biorefineries. Computers and Chemical Engineering, 35(9), 1767– 1781.
Shen, B., Choi, T.M., & Minner, S. (2018). A review on supply chain contracting with information considerations: information updating and information asymmetry. International Journal of Production Research, 1–39. https://doi.org/10.1080/00207543.2018.1467062
Sodhi, M.S., & Tang, C.S. (2009). Modeling supply-chain planning under demand uncertainty using stochastic programming: a survey motivated by asset-liability management. Productions Economics, 121, 728–738.
Sodhi, M. S., & Tang, C. S. (2012). Tactical approaches for mitigating supply chain risks: Financial and operational hedging, in: Managing supply chain risk (pp. 109-133). Springer, Boston, MA.
Sopranzetti, B. J. (1998). The economics of factoring accounts receivable. Journal of Economics and Business, 50(4), 339–359.
Soufani, K. (2002). On the determinants of factoring as a financing choice: evidence from the UK. Journal of Economics and Business, 54(2), 239–252.
Steinrücke, M., & Albrecht, W. (2016). A flow-to-equity approach to coordinate supply chain network planning and financial planning with annual cash outflows to an institutional investor. Business Research, 9(2), 297-333.
Tsay, A. A. (1999). The Quantity Flexibility Contract and Supplier-Customer Incentives. Management Science, 45(10), 1339-1358.
Tsay, A. A., & Lovejoy, W. S. (1999). Quantity flexibility contracts and supply chain performance. Manufacturing & Service Operations Management, 1(2), 89-111.
Yang, S. A., & Birge, J. R. (2013). How inventory is (should be) financed: Trade credit in supply chains with demand uncertainty and costs of financial distress. Available at SSRN 1734682.
Yi, G., & Reklaitis, G.V. (2004).Optimal design of batch-storage network with financial transactions and cash flows. AIChE Journal, 50(11), 2849–2865.
Walsh, P.M., Williams P.A., & Heavey, C. (2008) Investigation of rolling horizon flexibility contracts in a supply chain under highly variable stochastic demand. IMA Journal of Management Mathematics, 19(2), 117–35.
Zeballos, A.C, Seifert, RW., & Protopappa-Sieke, M. (2013). Single product, finite horizon, periodic review inventory model with working capital requirements and short-term debt. Computers and Operations Research, 40(12), 2940–2949.