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Digital
Library of the European Council for Modelling and Simulation |
Title: |
Competitiveness And Finance Of Supply Chains: Considerations On Optimisation |
Authors: |
Peter Juhasz, Janos Szaz, Sandor Misik |
Published in: |
(2018). ECMS 2018
Proceedings Edited by: Lars Nolle, Alexandra
Burger, Christoph Tholen,
Jens Werner, Jens Wellhausen European Council for
Modeling and Simulation. doi:
10.7148/2018-0005 ISSN:
2522-2422 (ONLINE) ISSN:
2522-2414 (PRINT) ISSN:
2522-2430 (CD-ROM) 32nd European Conference on Modelling and Simulation, Wilhelmshaven, Germany, May 22nd
– May 265h, 2018 |
Citation
format: |
Peter
Juhasz, Janos Szaz, Sandor Misik (2018).
Competitiveness And Finance Of Supply Chains: Considerations On Optimisation, ECMS
2018 Proceedings Edited by: Lars Nolle, Alexandra
Burger, Christoph Tholen,
Jens Werner, Jens Wellhausen European Council for
Modeling and Simulation. doi:
10.7148/2018-0046 |
DOI: |
https://doi.org/10.7148/2018-0046 |
Abstract: |
The financial aspect of supply chain
(SC) management is a somewhat neglected research area, while earlier papers
showed that it has a strong link to competitiveness. Our main contribution to
literature is to analyse the competitiveness
effects of SC financial management decisions under perfect information and
cooperation among SC members the absence of which may distort empirical
findings. Our simulation-based research shows that even in case of perfect
foresight seasonality decreases the profitability and the ability to grow
while increasing the capital need. But, we also conclude that cooperation of
SC members may reduce this additional capital need while enhancing the
profitability and the growth, thus leading to higher competitiveness. This
cooperation may be achieved through regulating payment terms or introducing
special fees to be paid by the SC members to the dominating company of the
SC. Thus, an economic policy aiming at providing cheap capital to firms at a
lower level of SC or increasing their added value at the costs of other SC
levels may decrease the competitiveness of the SC in whole. |
Full
text: |