Editorial to the Special Issue onOperations Research Models for Supply Chain Finance

• Published date: 01 September 2020
• Date: 01 September 2020
• Author: Dmitry Ivanov,Tsan‐Ming Choi
• DOI: http://doi.org/10.1111/itor.12789

Intl. Trans. in Op. Res. 27 (2020) 2263–2269

DOI: 10.1111/itor.12789

INTERNATIONAL

TRANSACTIONS

IN OPERATIONAL

RESEARCH

Editorial to the Special Issue on

Operations Research Models for Supply Chain Finance

Tsan-Ming Choia,∗and Dmitry Ivanovb

aInstitute of Textiles and Clothing,The Hong Kong Polytechnic University, Hung Hom, Hong Kong

bThe Berlin School of Economics and Law, Berlin, Germany

E-mail: jason.choi@polyu.edu.hk [Choi]; dmitry.ivanov@hwr-berlin.de[Ivanov]

1. Introduction

Traditionally, operations research (OR) for supply chain management focuses on the scientific

management of tangible resources such as goods and materials along the supply chain. Nowadays,

with the development of technologies and more sophisticated business operations in the supply

chain, it is also important to build OR models that consider information flows and financial cash

flows. It is also critical to conduct risk analysis and optimize the systems with respect to risk

preferences of individual stakeholders. For example, in the service industries such as on-demand

services (Choi et al., 2020b) or container shipping services (Choi et al., 2020a), risk sensitivity of

customers and supply chain members play an important role in affecting the performance of supply

chain systems (Ivanov et al., 2019b).

Motivated by the importance of finance-operations interfaces (Birge, 2015), we organize this

special issue of International Transactions in Operational Research (ITOR) focusing on OR studies

that address challenges associated with supply chain finance. In the following sections, we concisely

introduce the featured papers one by one.

2. OR models for supply chain finance

2.1. Financial constrained models

Several studies explore the case when there are financial constraints on individual supply chain

members. Cao et al. (2020) explore the optimal “carbon reductionlevel” problem. The authors con-

sider the situation when order quantity is a decision and the optimizationproblem involves the cases

when the manufacturer and retailer are constrained financially. The authors argue that the presence

∗Corresponding author.

C

2020 The Authors.

International Transactionsin Operational Research C

2020 International Federation ofOperational Research Societies

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