Impact of financial risk on supply chains: a manufacturer-supplier relational perspective

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dc.contributor.authorGhadge, Abhijeet
dc.contributor.authorJena, Sarat Kumar
dc.contributor.authorKamble, Sachin
dc.contributor.authorMisra, Dheeraj
dc.contributor.authorTiwari, Manoj Kumar
dc.date.accessioned2020-11-13T16:05:42Z
dc.date.available2020-11-13T16:05:42Z
dc.date.issued2020-11-02
dc.description.abstractThis study aims to analyse the manufacturer-supplier relational perspective under the influence of exogenous financial risk. Following corporate finance theory, a multi-objective decision model for supplier selection and order allocation is developed to maximise the total profit of the manufacturer, and minimise the implicit equity stake and financial risk faced by selected suppliers. A two-echelon supply chain is explored under the influence of foreign exchange risk, default risk, market risk and price fluctuation risk, and solved using an NSGA-III algorithm. Three case scenarios are analysed to explore the influence of a set of financial risk on the manufacturer-supplier relationship and the behaviour of suppliers concerning risk profile, both in the short and long-term horizon. The results are analysed from both the manufacturer as well as supplier perspective, and the optimal conditions are discussed under the cascading risk circumstances. The study provides multiple insights into the impact of financial risk on supply chain relationship and will be valuable for dealing with similar uncertain economic environment. The research is likely to be of benefit beyond supply chain managers, like investors and financial risk managers in making informed decisions. The need to focus on systemic risk in supply chains is evident from the study.en_UK
dc.identifier.citationGhadge A, Jena SK, Kamble SS, et al., (2021) Impact of financial risk on supply chains: A manufacturer-supplier relational perspective. International Journal of Production Research, Volume 59, Number 23, 2021, pp. 7090-7105en_UK
dc.identifier.issn0020-7543
dc.identifier.urihttps://doi.org/10.1080/00207543.2020.1834638
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/15999
dc.language.isoenen_UK
dc.publisherTaylor and Francisen_UK
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectFinancial risken_UK
dc.subjectbuyer-supplier relationshipsen_UK
dc.subjectsupply chain risk managementen_UK
dc.subjectsystemic risken_UK
dc.subjectcorporate finance theoryen_UK
dc.subjectrisk propagationen_UK
dc.titleImpact of financial risk on supply chains: a manufacturer-supplier relational perspectiveen_UK
dc.typeArticleen_UK

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