We study the effects of disruption risk in a supply chain where one retailer deals with competing risky suppliers who may default during their production lead-times. The suppliers, who compete for business with the retailer by establishing wholesale prices, are leaders in a Stackelberg game with...

We compare a Blockchain-based Supply Chain Finance system with traditional bank-based Supply Chain Finance solutions, using a three-tier supply chain model. Our model features financing frictions due to moral hazard with respect to product quality and dynamic updates of collateral-asset-value...

We consider a supply chain with one buyer and two suppliers who are subject to disruptions and whose likelihoods of disruption are their private information. In such a setting, does the buyer benefit from engaging the services of a better-informed procurement service provider (PSP) compared to...

Many owners of growing privately-held firms make operational and financial decisions in an effort to maximize the expected present value of the proceeds from an Initial Public Offering (IPO). We ask: What is the right time to make an IPO and How should operational and financial decisions be...

Concerned with the risk of supplier default, a firm may choose to diversify its orders among multiple suppliers. Furthermore, the discrepancy in production lead-times among suppliers furnishes a firm with a valuable option to defer ordering decisions until uncertainty has been partially...

The risk of supply disruptions due to suppliers' financial problems plays a prominent role in manufacturers' risk portfolios. Even large suppliers (e.g. Delphi) could file for bankruptcy, and manufacturer's actions, such as financial subsidies to the suppliers, affect profoundly suppliers'...