{"id":"https://openalex.org/W3103667737","doi":"https://doi.org/10.1051/ro/2020128","title":"Risk-averse preferences in a dual-channel supply chain with trade credit and demand uncertainty","display_name":"Risk-averse preferences in a dual-channel supply chain with trade credit and demand uncertainty","publication_year":2020,"publication_date":"2020-11-16","ids":{"openalex":"https://openalex.org/W3103667737","doi":"https://doi.org/10.1051/ro/2020128","mag":"3103667737"},"language":"en","primary_location":{"id":"doi:10.1051/ro/2020128","is_oa":true,"landing_page_url":"https://doi.org/10.1051/ro/2020128","pdf_url":"https://www.rairo-ro.org/articles/ro/pdf/2021/01/ro190222.pdf","source":{"id":"https://openalex.org/S20631277","display_name":"RAIRO - Operations Research","issn_l":"0399-0559","issn":["0399-0559","1290-3868"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319748","host_organization_name":"EDP Sciences","host_organization_lineage":["https://openalex.org/P4310319748"],"host_organization_lineage_names":["EDP Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"RAIRO - Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://www.rairo-ro.org/articles/ro/pdf/2021/01/ro190222.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100393897","display_name":"Chong Zhang","orcid":"https://orcid.org/0000-0002-0848-5677"},"institutions":[{"id":"https://openalex.org/I41198531","display_name":"Nanjing University of Posts and Telecommunications","ror":"https://ror.org/043bpky34","country_code":"CN","type":"education","lineage":["https://openalex.org/I41198531"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chong Zhang","raw_affiliation_strings":["School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China"],"affiliations":[{"raw_affiliation_string":"School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China","institution_ids":["https://openalex.org/I41198531"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066266457","display_name":"Yaxian Wang","orcid":"https://orcid.org/0009-0008-9421-0856"},"institutions":[{"id":"https://openalex.org/I41198531","display_name":"Nanjing University of Posts and Telecommunications","ror":"https://ror.org/043bpky34","country_code":"CN","type":"education","lineage":["https://openalex.org/I41198531"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yaxian Wang","raw_affiliation_strings":["School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China"],"affiliations":[{"raw_affiliation_string":"School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China","institution_ids":["https://openalex.org/I41198531"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001254304","display_name":"Lifan Zhang","orcid":"https://orcid.org/0000-0001-5597-4249"},"institutions":[{"id":"https://openalex.org/I41198531","display_name":"Nanjing University of Posts and Telecommunications","ror":"https://ror.org/043bpky34","country_code":"CN","type":"education","lineage":["https://openalex.org/I41198531"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Lifan Zhang","raw_affiliation_strings":["School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China"],"affiliations":[{"raw_affiliation_string":"School of Management, Nanjing University of Posts and Telecommunications, 210003 Nanjing, P.R. China","institution_ids":["https://openalex.org/I41198531"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5001254304"],"corresponding_institution_ids":["https://openalex.org/I41198531"],"apc_list":null,"apc_paid":null,"fwci":1.5534,"has_fulltext":true,"cited_by_count":10,"citation_normalized_percentile":{"value":0.85865933,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"55","issue":null,"first_page":"S2879","last_page":"S2903"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10539","display_name":"Sustainable Supply Chain Management","score":0.9979000091552734,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9453999996185303,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-aversion","display_name":"Risk aversion (psychology)","score":0.7617226839065552},{"id":"https://openalex.org/keywords/supply-chain","display_name":"Supply chain","score":0.6804932355880737},{"id":"https://openalex.org/keywords/expected-utility-hypothesis","display_name":"Expected utility hypothesis","score":0.6126120686531067},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.6009743809700012},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5781839489936829},{"id":"https://openalex.org/keywords/dual","display_name":"Dual (grammatical number)","score":0.5663551092147827},{"id":"https://openalex.org/keywords/payment","display_name":"Payment","score":0.5500215888023376},{"id":"https://openalex.org/keywords/preference","display_name":"Preference","score":0.5072452425956726},{"id":"https://openalex.org/keywords/channel-coordination","display_name":"Channel coordination","score":0.48647424578666687},{"id":"https://openalex.org/keywords/risk-neutral","display_name":"Risk neutral","score":0.4682254493236542},{"id":"https://openalex.org/keywords/variance","display_name":"Variance (accounting)","score":0.45266398787498474},{"id":"https://openalex.org/keywords/credit-risk","display_name":"Credit risk","score":0.4400051236152649},{"id":"https://openalex.org/keywords/trade-credit","display_name":"Trade credit","score":0.4376533329486847},{"id":"https://openalex.org/keywords/supply-and-demand","display_name":"Supply and demand","score":0.41555139422416687},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4039546251296997},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.342599481344223},{"id":"https://openalex.org/keywords/supply-chain-management","display_name":"Supply chain management","score":0.26627734303474426},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.20989319682121277},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.17015260457992554},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.11142289638519287}],"concepts":[{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.7617226839065552},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.6804932355880737},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.6126120686531067},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.6009743809700012},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5781839489936829},{"id":"https://openalex.org/C2780980858","wikidata":"https://www.wikidata.org/wiki/Q110022","display_name":"Dual (grammatical number)","level":2,"score":0.5663551092147827},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.5500215888023376},{"id":"https://openalex.org/C2781249084","wikidata":"https://www.wikidata.org/wiki/Q908656","display_name":"Preference","level":2,"score":0.5072452425956726},{"id":"https://openalex.org/C2778854227","wikidata":"https://www.wikidata.org/wiki/Q5072492","display_name":"Channel coordination","level":4,"score":0.48647424578666687},{"id":"https://openalex.org/C2780910948","wikidata":"https://www.wikidata.org/wiki/Q2154775","display_name":"Risk neutral","level":2,"score":0.4682254493236542},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.45266398787498474},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.4400051236152649},{"id":"https://openalex.org/C2776825449","wikidata":"https://www.wikidata.org/wiki/Q1780900","display_name":"Trade credit","level":2,"score":0.4376533329486847},{"id":"https://openalex.org/C120330832","wikidata":"https://www.wikidata.org/wiki/Q166656","display_name":"Supply and demand","level":2,"score":0.41555139422416687},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4039546251296997},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.342599481344223},{"id":"https://openalex.org/C44104985","wikidata":"https://www.wikidata.org/wiki/Q492886","display_name":"Supply chain management","level":3,"score":0.26627734303474426},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.20989319682121277},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17015260457992554},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.11142289638519287},{"id":"https://openalex.org/C124952713","wikidata":"https://www.wikidata.org/wiki/Q8242","display_name":"Literature","level":1,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1051/ro/2020128","is_oa":true,"landing_page_url":"https://doi.org/10.1051/ro/2020128","pdf_url":"https://www.rairo-ro.org/articles/ro/pdf/2021/01/ro190222.pdf","source":{"id":"https://openalex.org/S20631277","display_name":"RAIRO - Operations Research","issn_l":"0399-0559","issn":["0399-0559","1290-3868"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319748","host_organization_name":"EDP Sciences","host_organization_lineage":["https://openalex.org/P4310319748"],"host_organization_lineage_names":["EDP Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"RAIRO - Operations Research","raw_type":"journal-article"},{"id":"pmh:oai:edpsciences.org:dkey/10.1051/ro/2020128","is_oa":true,"landing_page_url":null,"pdf_url":"https://www.rairo-ro.org/10.1051/ro/2020128/pdf","source":{"id":"https://openalex.org/S4306400744","display_name":"Springer Link (Chiba Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I8488066","host_organization_name":"Chiba Institute of Technology","host_organization_lineage":["https://openalex.org/I8488066"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://doi.org/10.1051/ro/2020128","raw_type":"Text"},{"id":"pmh:oai:numdam.org:RO_2021__55_S1_S2879_0","is_oa":false,"landing_page_url":"https://www.numdam.org/articles/10.1051/ro/2020128/","pdf_url":null,"source":{"id":"https://openalex.org/S4306402264","display_name":"French digital mathematics library (Numdam)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I70900168","host_organization_name":"Universit\u00e9 Savoie Mont Blanc","host_organization_lineage":["https://openalex.org/I70900168"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Text"}],"best_oa_location":{"id":"doi:10.1051/ro/2020128","is_oa":true,"landing_page_url":"https://doi.org/10.1051/ro/2020128","pdf_url":"https://www.rairo-ro.org/articles/ro/pdf/2021/01/ro190222.pdf","source":{"id":"https://openalex.org/S20631277","display_name":"RAIRO - Operations Research","issn_l":"0399-0559","issn":["0399-0559","1290-3868"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319748","host_organization_name":"EDP Sciences","host_organization_lineage":["https://openalex.org/P4310319748"],"host_organization_lineage_names":["EDP Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"RAIRO - Operations Research","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Peace, Justice and strong institutions","score":0.5,"id":"https://metadata.un.org/sdg/16"}],"awards":[{"id":"https://openalex.org/G1729174809","display_name":null,"funder_award_id":"71301079","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G2087396116","display_name":null,"funder_award_id":"China","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G3317480652","display_name":null,"funder_award_id":"Science","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G3744313044","display_name":null,"funder_award_id":"Social","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G5994120800","display_name":null,"funder_award_id":"Natural","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321106","display_name":"Ministry of Education of the People's Republic of China","ror":"https://ror.org/01mv9t934"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3103667737.pdf","grobid_xml":"https://content.openalex.org/works/W3103667737.grobid-xml"},"referenced_works_count":65,"referenced_works":["https://openalex.org/W1968557420","https://openalex.org/W1978520816","https://openalex.org/W1980029862","https://openalex.org/W1982184180","https://openalex.org/W1993759672","https://openalex.org/W1995625942","https://openalex.org/W2001347904","https://openalex.org/W2003942780","https://openalex.org/W2008581871","https://openalex.org/W2013606151","https://openalex.org/W2014375970","https://openalex.org/W2019592007","https://openalex.org/W2024167714","https://openalex.org/W2028308112","https://openalex.org/W2029211339","https://openalex.org/W2030100228","https://openalex.org/W2030874315","https://openalex.org/W2032120310","https://openalex.org/W2032448387","https://openalex.org/W2037545986","https://openalex.org/W2039770840","https://openalex.org/W2047626292","https://openalex.org/W2067773720","https://openalex.org/W2071543954","https://openalex.org/W2071550028","https://openalex.org/W2071977935","https://openalex.org/W2075406787","https://openalex.org/W2080905805","https://openalex.org/W2086318357","https://openalex.org/W2089239142","https://openalex.org/W2092155007","https://openalex.org/W2107609368","https://openalex.org/W2119728383","https://openalex.org/W2120470870","https://openalex.org/W2126741666","https://openalex.org/W2130311007","https://openalex.org/W2133469585","https://openalex.org/W2148613634","https://openalex.org/W2150416045","https://openalex.org/W2158264113","https://openalex.org/W2224266630","https://openalex.org/W2285280299","https://openalex.org/W2327264553","https://openalex.org/W2401866119","https://openalex.org/W2504045844","https://openalex.org/W2590659344","https://openalex.org/W2592274661","https://openalex.org/W2740805638","https://openalex.org/W2762112204","https://openalex.org/W2789837907","https://openalex.org/W2795413297","https://openalex.org/W2809028421","https://openalex.org/W2810532544","https://openalex.org/W2888039527","https://openalex.org/W2890294862","https://openalex.org/W2902912506","https://openalex.org/W3004030774","https://openalex.org/W3004152136","https://openalex.org/W3011865677","https://openalex.org/W3121318218","https://openalex.org/W3122105525","https://openalex.org/W3122986902","https://openalex.org/W3124929054","https://openalex.org/W3125672793","https://openalex.org/W3126101103"],"related_works":["https://openalex.org/W2165263141","https://openalex.org/W4250007077","https://openalex.org/W4240615594","https://openalex.org/W3124992686","https://openalex.org/W3123087267","https://openalex.org/W3121561916","https://openalex.org/W2163164229","https://openalex.org/W2603071944","https://openalex.org/W2078738921","https://openalex.org/W3103667737"],"abstract_inverted_index":{"Though":[0],"it":[1,39],"is":[2,40,78,103,129,134,162,178,187],"an":[3],"important":[4],"means":[5],"for":[6,164],"enterprises":[7],"to":[8,42,99,105,110,140,153,169,180,208,218],"increase":[9],"market":[10,26],"demand":[11],"and":[12,72,84,94,113,223],"boost":[13],"profits,":[14],"trade":[15,219],"credit":[16,220],"can":[17,195],"carry":[18],"risks.":[19],"Besides,":[20],"risks":[21,108],"also":[22],"result":[23],"from":[24],"uncertain":[25,83,111],"demand.":[27],"Decision-makers\u2019":[28],"attitude":[29],"towards":[30],"risk":[31,47,148,160,188,215],"will":[32],"influence":[33],"the":[34,44,56,62,75,87,92,95,107,127,132,170,185,193,198,201,210],"decisions":[35],"of":[36,46,58,61,200],"enterprises,":[37],"so":[38],"meaningful":[41],"study":[43],"impact":[45],"preference":[48],"on":[49,66,86,213],"supply":[50,115,143,203],"chain":[51,116,144],"performance.":[52],"This":[53,205],"paper":[54,206],"explores":[55],"effect":[57],"risk-averse":[59],"preferences":[60,217],"manufacturer":[63,93,133],"or":[64],"retailer":[65,96,128,186],"their":[67],"delayed":[68,88,155],"payment":[69,89,156],"periods":[70,90],"decision":[71,222],"utility":[73,117,199],"when":[74,183],"dual-channel":[76,227],"structure":[77],"adopted.":[79],"Customer":[80],"demands":[81],"are":[82,124,137,150],"depend":[85],"that":[91,192],"may":[97],"offer":[98],"them.":[100],"Mean-variance":[101],"model":[102],"used":[104],"describe":[106],"due":[109],"demand,":[112],"establishes":[114],"models":[118],"under":[119,226],"four":[120],"decision-making":[121],"situations":[122],"(both":[123],"risk-neutral;":[125],"only":[126,131,184],"risk-averse;":[130,135],"both":[136],"risk-averse).":[138],"According":[139],"our":[141],"study,":[142],"members":[145],"with":[146],"higher":[147],"aversion":[149,161,216],"more":[151],"inclined":[152],"prolong":[154],"period.":[157],"The":[158],"retailers":[159],"adverse":[163],"her":[165],"utility,":[166,172],"but":[167],"beneficial":[168],"manufacturers":[171],"thus":[173],"a":[174],"new":[175],"coordination":[176,224],"mechanism":[177],"proposed":[179],"achieve":[181],"coordinate":[182],"averse.":[189],"We":[190],"prove":[191],"contract":[194],"effectively":[196],"improve":[197],"whole":[202],"chain.":[204],"conduces":[207],"enrich":[209],"emerging":[211],"literature":[212],"relating":[214],"period":[221],"behavior":[225],"environment.":[228]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1}],"updated_date":"2026-03-18T14:38:29.013473","created_date":"2025-10-10T00:00:00"}