TY - JOUR ID - 133492 TI - Optimization of supply chain finance based on Stackelberg model JO - Journal of Industrial Engineering and Management Studies JA - JIEMS LA - en SN - 2476-308X AU - Jafarnejad, Ahmad AU - Abdoli, Ghahreman AU - Amoozad Mahdiraji, Hannan AU - Khalili Esbouei, Saber AD - Faculty of Management, University of Tehran, Tehran, Iran. AD - Faculty of Economics, University of Tehran, Tehran, Iran. Y1 - 2021 PY - 2021 VL - 8 IS - 1 SP - 72 EP - 88 KW - optimization KW - supply chain finance (SCF) KW - purchase order financing (POF) KW - Stackelberg model DO - 10.22116/jiems.2020.215095.1329 N2 - In recent years, the relationship between the concepts of operations management and finance management has been an attractive area of research among researchers. One of the emerging areas at the beginning of the 21st century in the literature of operations and supply chain management is the topic of supply chain finance (SCF). SCF is a new concept that provides efficient financing of the supply chain, where all parties can balance the working capital and improve cash flow at a reduced cost by utilizing the buyer's or other parties' credit rating. Hence, in this study, an approach to optimize financing based on the Stackelberg model in a three-level supply chain, considering the circumstances in which the supplier is financially constrained for fulfillment the buyer's order and funded by the bank as another member of the supply chain based on the purchase order financing (POF) is discussed. For this purpose, a nonlinear mathematical programming model has been developed to maximize the payoff function of the partners. UR - https://jiems.icms.ac.ir/article_133492.html L1 - https://jiems.icms.ac.ir/article_133492_19733f89622eb51b9881bec80dad82fd.pdf ER -