{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,1]],"date-time":"2025-11-01T09:31:59Z","timestamp":1761989519572},"reference-count":40,"publisher":"EDP Sciences","license":[{"start":{"date-parts":[[2021,2,24]],"date-time":"2021-02-24T00:00:00Z","timestamp":1614124800000},"content-version":"vor","delay-in-days":54,"URL":"https:\/\/www.edpsciences.org\/en\/authors\/copyright-and-licensing"}],"funder":[{"name":"the Postgraduate Scientific Research Innovation Project of Hunan Province","award":["CX20200456"],"award-info":[{"award-number":["CX20200456"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["RAIRO-Oper. Res."],"accepted":{"date-parts":[[2020,9,2]]},"published-print":{"date-parts":[[2021]]},"abstract":"<jats:p>We consider a two-echelon supply chain consisting of one dominant supplier and one capital-constrained retailer. The retailer needs to solve the shortage of working capital either from a bank or from its core supplier, which offers trade credit when it is also beneficial to itself. We assume the retailer is risk-averse behavior and the supplier has different risk preference behaviors that jointly model risk-averse, risk-neutral, and risk-taking. With a wholesale price contract, we incorporate each member\u2019s risk preference behavior into its objective function. Then we derive the optimal decisions in a Stackelberg game under bank credit financing and trade credit financing, respectively. We find that there exists a supplier\u2019s risk preference threshold that distinguishes financing scheme. When the supplier is a relatively higher risk preference, trade credit financing makes both the retailer and the supplier better off and is a unique financing equilibrium. Otherwise, the members prefer bank credit financing. Besides, the supplier with relatively higher risk preference behavior prefers the retailer with a low initial capital as a partner; the supplier with relatively lower risk preference behavior prefers the retailer with a higher initial capital level. The above theoretical results are verified by numerical analysis.<\/jats:p>","DOI":"10.1051\/ro\/2020094","type":"journal-article","created":{"date-parts":[[2020,9,4]],"date-time":"2020-09-04T08:13:02Z","timestamp":1599207182000},"page":"S2691-S2707","source":"Crossref","is-referenced-by-count":3,"special_numbering":"Supplement","title":["Joint financing and ordering decisions in a capital-constrained supply chain with risk preference"],"prefix":"10.1051","volume":"55","author":[{"given":"Zhiyuan","family":"Zhen","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jingru","family":"Wang","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"250","published-online":{"date-parts":[[2021,2,24]]},"reference":[{"key":"R1","doi-asserted-by":"crossref","first-page":"1139","DOI":"10.1109\/TSMC.2014.2313121","volume":"44","author":"Asian","year":"2014","journal-title":"IEEE Trans. Syst. Man. 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