International Journal of Production Economics最新文献

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A sustainable supply chain finance ecosystem: A review and conceptual framework 可持续的供应链金融生态系统:回顾与概念框架
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-14 DOI: 10.1016/j.ijpe.2025.109676
Ziling Liao , Lorenzo Bruno Prataviera , Abhijeet Ghadge , Ismail Abushaikha
{"title":"A sustainable supply chain finance ecosystem: A review and conceptual framework","authors":"Ziling Liao ,&nbsp;Lorenzo Bruno Prataviera ,&nbsp;Abhijeet Ghadge ,&nbsp;Ismail Abushaikha","doi":"10.1016/j.ijpe.2025.109676","DOIUrl":"10.1016/j.ijpe.2025.109676","url":null,"abstract":"<div><div>Supply chain finance (SCF) is a set of instruments for optimizing working capital and improving supply chain efficiency. The evolving field of sustainable supply chain finance (SSCF) extends SCF with a growing focus on sustainability. While existing research has primarily focused on the economic benefits of SCF, its potential to generate broader sustainability benefits across environmental, social, and governance dimensions has received limited attention. Moreover, discussions on SSCF solutions and stakeholder interactions remain insufficient, necessitating further exploration to consolidate current research. This study seeks to explore the role of sustainability in SCF and proposes an SSCF ecosystem. A systematic literature review (SLR) of SCF and sustainability resulted in the analysis of 70 interdisciplinary journal papers published between 2008 and 2023. The SSCF ecosystem is defined as a collaborative network of stakeholders leveraging financial tools and sustainability metrics to create shared value and sustainability goals across the supply chain. By applying stakeholder theory and CIMO logic, the study develops a conceptual framework to explain how SSCF mechanisms and interventions produce desirable outcomes for stakeholders. Key influencing factors were identified across four sustainability dimensions—economic, environmental, social, and governance—along with core stakeholders, including buyers, financial institutions, and suppliers, supported by technology/logistics providers and ESG information providers. The study contributes by linking stakeholders to two distinct categories of SSCF solutions: buyer-centric accounts payable financing and supplier-centric accounts receivable financing. Lastly, it proposes future research directions by examining SSCF as an independent subject and capturing its links to traditional SCF.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109676"},"PeriodicalIF":9.8,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144070487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Why do manufacturers launch virtual NFT products? The role of aspirational inventory levels 制造商为什么要推出虚拟NFT产品?期望库存水平的作用
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-14 DOI: 10.1016/j.ijpe.2025.109673
Wenqian Zhu, Di Fan, Shuhan Wang
{"title":"Why do manufacturers launch virtual NFT products? The role of aspirational inventory levels","authors":"Wenqian Zhu,&nbsp;Di Fan,&nbsp;Shuhan Wang","doi":"10.1016/j.ijpe.2025.109673","DOIUrl":"10.1016/j.ijpe.2025.109673","url":null,"abstract":"<div><div>Manufacturers may face risks when transitioning from producing traditional tangible products to intangible ones, such as virtual non-fungible tokens (NFTs), which differ significantly from manufacturers' conventional offerings. Few scholars have explored why manufacturers opt to launch virtual NFTs. Motivated by the behavioral theory of the firm, we hypothesized that firms with excess inventories are likely to engage in problemistic search strategies aimed at reducing surplus, thus using NFT launches as marketing tools to enhance the sales of physical products and increase inventory turnover. Conversely, firms with inventory levels below their targets may adopt NFTs through slack search approaches, leveraging this new technology as an innovation strategy to bolster inventory performance and maintain competitive advantages. We sampled 104 firm-level announcements regarding virtual NFT products launching from U.S.-listed manufacturing firms and tested our hypotheses. The findings indicated that manufacturers with inventory levels deviating from their aspirations , whether positively or negatively, tended to launch NFTs. Furthermore, environmental cues, such as strong public attention and intense peer pressure, significantly reinforced this tendency. This study enriches the operations management literature by bridging inventory management with technological adoption and elucidating how physical inventory conditions drive firms’ decisions to embrace emerging intangible NFT products.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109673"},"PeriodicalIF":9.8,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144089077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Comparative analysis of crowdfunding and bank financing: The effect of market uncertainty 众筹与银行融资的比较分析:市场不确定性的影响
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-13 DOI: 10.1016/j.ijpe.2025.109657
Mingzhao Tang , Tian-Hui You , Bing-Bing Cao
{"title":"Comparative analysis of crowdfunding and bank financing: The effect of market uncertainty","authors":"Mingzhao Tang ,&nbsp;Tian-Hui You ,&nbsp;Bing-Bing Cao","doi":"10.1016/j.ijpe.2025.109657","DOIUrl":"10.1016/j.ijpe.2025.109657","url":null,"abstract":"<div><div>Faced with financial dilemmas, firms have long relied on bank financing as a prevalent and trusted solution. Recently, however, crowdfunding has emerged as an innovative alternative, enabling capital-constrained firms to raise funds from diverse investors. This study explores the optimal financing strategy for such firms under market uncertainty and evaluates pricing decisions across different financing strategies, including bank financing and crowdfunding. Our results reveal that under crowdfunding, market uncertainty may lead to either overfunding or underfunding, which in turn necessitates different pricing strategies. Crowdfunding is not entirely barrier-free for firms, as its accessibility often hinges on setup costs. In contrast, under bank financing, market uncertainty may hinder firms from generating enough revenue to cover the principal and interest on the bank loan, potentially leading to bankruptcy. Similarly, bank financing is also constrained by setup costs. Finally, by comparing crowdfunding and bank financing, our findings suggest that there is no one-size-fits-all solution. Firms must consider dynamic factors, including platform commission, interest rate, and setup costs, when selecting the most appropriate financing strategy. This approach ensures that the choice aligns with both the market conditions and the unique situation of firms. Additionally, in the extensions, we modify the crowdfunding financing mechanism and introduce a hybrid financing strategy designed to further alleviate financing difficulties for firms. These findings provide actionable insights for firms navigating uncertain financial environments.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109657"},"PeriodicalIF":9.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144070488","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The cyclic inventory routing problem with environmental considerations: Model, solution procedure, and insights 考虑环境因素的循环库存路线问题:模型、解决方案过程和见解
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-13 DOI: 10.1016/j.ijpe.2025.109652
Anass Kajji , Tarik Aouam , Asmae El Mokrini , Birger Raa
{"title":"The cyclic inventory routing problem with environmental considerations: Model, solution procedure, and insights","authors":"Anass Kajji ,&nbsp;Tarik Aouam ,&nbsp;Asmae El Mokrini ,&nbsp;Birger Raa","doi":"10.1016/j.ijpe.2025.109652","DOIUrl":"10.1016/j.ijpe.2025.109652","url":null,"abstract":"<div><div>This paper introduces and studies the Cyclic Inventory Routing Problem with Environmental (CIRP-E) considerations which plans the distribution from a single depot to multiple customers with the objective of minimizing the average cost of transportation, inventory, fuel, and carbon emissions subject to constraints related to demand satisfaction, vehicle and storage capacities, and driving hours limitations. CIRP-E integrates strategic fleet sizing, tactical route design, lot sizing and speed selection, together with operational vehicle scheduling. We derive analytical results for vehicle speed and cycle times, and study how they affect fleet sizing and vehicle scheduling. These results and insights are then exploited to develop heuristics which are embedded in a powerful two-phase metaheuristic solution approach for CIRP-E. The first phase designs vehicle routes and decides on vehicle speed and cycle times to minimize the total cost rate. The second phase takes the designed routes as input and decides on fleet sizing and scheduling of deliveries, while adjusting vehicle speeds and cycle times. Computational experiments show that the proposed solution approach adequately trades-off the various cost components and outperforms different adaptations of a state-of-the-art solution method for the classical cyclic inventory routing problem.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"287 ","pages":"Article 109652"},"PeriodicalIF":9.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084472","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Integrated inbound and inplant logistics scheduling of containers via heterogeneous material-handling resources 通过异构物料搬运资源对集装箱进行综合入库和出厂物流调度
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-13 DOI: 10.1016/j.ijpe.2025.109651
Priyam Bajpai , Chandrasekharan Rajendran , Renu Agarwal , Sanjoy Kumar Paul , A.S. Balakrishnan
{"title":"Integrated inbound and inplant logistics scheduling of containers via heterogeneous material-handling resources","authors":"Priyam Bajpai ,&nbsp;Chandrasekharan Rajendran ,&nbsp;Renu Agarwal ,&nbsp;Sanjoy Kumar Paul ,&nbsp;A.S. Balakrishnan","doi":"10.1016/j.ijpe.2025.109651","DOIUrl":"10.1016/j.ijpe.2025.109651","url":null,"abstract":"<div><div>This study examines the integrated inbound and inplant logistics in transporting containers with automobile parts from docks to designated storage locations, referred to as marketplaces, within an automobile manufacturing facility. The movement of these containers relies on Material Handling Resources (MHRs) with heterogeneous capacities. Stemming from a real-life scenario encountered in a manufacturing plant, this research represents a pioneering effort in exploring the integration of inbound and inplant logistics and thus highlights the operational intricacies of assigning docks and scheduling inbound trucks, along with the allocation and scheduling of unloaded containers via MHRs simultaneously. A mixed integer linear programming (MILP) model for integrated inbound and inplant logistics is proposed to optimize the makespan for container transport from dock to marketplace. Consequently, the developed model ensures comprehensive tracking of container movement from the dock to their respective marketplaces and other characteristics not addressed before in literature. A comparative analysis between the integrated and sequential approaches is conducted to underscore the advantages of the new approach, which demonstrates that a sequential approach yields suboptimal outcomes. Additionally, an innovative technique, namely Divide-Fix, Fix-Optimize, and Overarching Generate-Optimize, is introduced. This method leverages heuristics, MILP and three adapted metaheuristics—Population-based Multi-start Simulated Annealing, Hybrid Harris Hawks Optimization, and Opposition-based Whale Optimization Algorithm—to address large-scale instances. Notably, the technique yields good solutions with an optimality gap within 3 % and exhibits a narrow confidence interval, indicating consistent and stable outcomes.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"288 ","pages":"Article 109651"},"PeriodicalIF":9.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144491862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
FP-Growth-based risk pattern discovery for dual cost-risk mitigation in resilient multi-sourcing order allocation under time-varying demand 时变需求下弹性多源订单分配中基于fp增长的双重成本风险缓解风险模式发现
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-10 DOI: 10.1016/j.ijpe.2025.109672
Samia Chehbi Gamoura , David Damand , Youssef Lahrichi , Tarik Saikouk
{"title":"FP-Growth-based risk pattern discovery for dual cost-risk mitigation in resilient multi-sourcing order allocation under time-varying demand","authors":"Samia Chehbi Gamoura ,&nbsp;David Damand ,&nbsp;Youssef Lahrichi ,&nbsp;Tarik Saikouk","doi":"10.1016/j.ijpe.2025.109672","DOIUrl":"10.1016/j.ijpe.2025.109672","url":null,"abstract":"<div><div>The huge growth of e-commerce and globalization has increased the complexity of inbound supply chain resilience, especially in multi-sourcing order allocation decisions. Despite extensive research, traditional methods often prove inadequate for handling the dual cost-risk minimization, particularly when confronted with dynamic changes. This research aims to fill this gap by proposing a novel solution that simultaneously tackles the dual objectives with order allocation under time-varying demand. The uniqueness of our approach lies in the application of the FP-Growth association-rules algorithm to uncover latent risk patterns based on criteria interdependency. We hybridize this technique with a new proposed variant of the Weighted Sum Method (WSM), offering a risk-aware decision-making model. A numerical application based on real-world case study from the automotive industry is proposed to demonstrate the applicability. Furthermore, to adapt to data availability constraints, we proposed a data augmentation algorithm using the Joint and Conditional Probability Distributions (JCPD) method. This technique generates volumetric synthetic data while preserving interdependencies between attributes (criteria), enabling realistic validation. Experimental results demonstrate the effectiveness of the proposed solution across various scenarios, highlighting its superiority. This research provides twofold theoretical and managerial implications. First, it introduces a theoretical understanding of a bottom-up risk-pattern discovery approach for real-time risk modelling in an AI-driven model. Second, it introduces a practical AI-driven stepwise approach for purchasers that enhances cost efficiency, resilience, and proactive risk mitigation in the emerging risk-prone markets. Despite the promising results, we acknowledge the limitations of our study and suggest future research directions.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"288 ","pages":"Article 109672"},"PeriodicalIF":9.8,"publicationDate":"2025-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144522445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Balancing stability and flexibility: The effects of blockchain adoption on supply chain resilience 平衡稳定性和灵活性:区块链采用对供应链弹性的影响
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-09 DOI: 10.1016/j.ijpe.2025.109671
Haidi Zhou , Qiang Wang , Xiande Zhao
{"title":"Balancing stability and flexibility: The effects of blockchain adoption on supply chain resilience","authors":"Haidi Zhou ,&nbsp;Qiang Wang ,&nbsp;Xiande Zhao","doi":"10.1016/j.ijpe.2025.109671","DOIUrl":"10.1016/j.ijpe.2025.109671","url":null,"abstract":"<div><div>Firms are increasingly adopting blockchain technology to enhance risk management strategies. Nevertheless, the extent to which blockchain adoption influences firm resilience and its broader spectrum of stakeholders remains uncertain. Our study investigates how a focal firm's adoption of blockchain in the supply chain affects its resilience, encompassing both financial stability and operational flexibility. We then explore the spillover effects of the focal firm's use of blockchain on the resilience of both suppliers and customers, and further examine the moderating effects of supply chain diversification. Drawing on data from Chinese listed manufacturers and their supply chain partners, the empirical results reveal that blockchain significantly improves the financial stability of focal firms while its relationship with operational flexibility follows an inverted U-shaped pattern. In terms of supply chain spillover effects, the blockchain adoption of focal firms is linked to decreased financial stability for customers, but it concurrently boosts the operational flexibility of suppliers and customers. Supply chain diversification moderates the relationship between blockchain adoption and the operational flexibility of both suppliers and customers. These insights illuminate the trade-offs introduced by blockchain for supply chain resilience, providing a nuanced understanding of how supply chain members are influenced by the focal firm's blockchain adoption.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109671"},"PeriodicalIF":9.8,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143947467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
win–win contract farming in dual-channel agribusiness supply chains under yield, quality, and price uncertainty 产量、质量和价格不确定性下双渠道农业企业供应链中的双赢合同农业
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-09 DOI: 10.1016/j.ijpe.2025.109635
Mohammadreza Nematollahi , Adel Guitouni , Jafar Heydari , Eric M. Gerbrandt
{"title":"win–win contract farming in dual-channel agribusiness supply chains under yield, quality, and price uncertainty","authors":"Mohammadreza Nematollahi ,&nbsp;Adel Guitouni ,&nbsp;Jafar Heydari ,&nbsp;Eric M. Gerbrandt","doi":"10.1016/j.ijpe.2025.109635","DOIUrl":"10.1016/j.ijpe.2025.109635","url":null,"abstract":"<div><div>Despite the benefits of contract farming, power imbalances between farmers and agribusiness firms often result in unfair agreements. This study aims to design a fair (win–win) contract farming model for a dual-channel (fresh and processed) blueberry supply chain, incorporating an incentive mechanism to ensure that all parties benefit. We examine the benefits of incentive-based contracts over penalty-based contracts by analytically investigating three farming situations: (1) no contract, (2) penalty-based contract farming, and (3) incentive-based contract farming. We establish analytical conditions for collaborative incentive-based contract terms that benefit both parties and validate these conditions numerically using data from a representative blueberry farm. Our findings indicate that the incentive-based contract farming leads to mutually beneficial outcomes and higher supply chain profits compared to the penalty-based contract. We conduct numerical and comprehensive sensitivity analyses to assess the impact of contract farming on the profits of the farmer, agribusiness firm, and the overall supply chain. Our study has significant theoretical and practical implications, emphasizing the importance of balanced and mutually beneficial contract farming arrangements that account for yield, price, and quality uncertainties within a dual-channel supply chain.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109635"},"PeriodicalIF":9.8,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144072487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Supply chain network design with the presence of the bullwhip effect 存在牛鞭效应的供应链网络设计
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-08 DOI: 10.1016/j.ijpe.2025.109668
Agus Darmawan , Hartanto Wijaya Wong , Jan Fransoo
{"title":"Supply chain network design with the presence of the bullwhip effect","authors":"Agus Darmawan ,&nbsp;Hartanto Wijaya Wong ,&nbsp;Jan Fransoo","doi":"10.1016/j.ijpe.2025.109668","DOIUrl":"10.1016/j.ijpe.2025.109668","url":null,"abstract":"<div><div>This paper presents a modeling framework that integrates facility location-allocation and inventory control decisions, accounting for the potential presence of the bullwhip effect. Since incorporating the bullwhip effect adds complexity to the optimization problem, we apply linearization and approximation techniques in our solution approach. Through numerical experiments, we assess how the bullwhip effect influences optimal network design, focusing on various design parameters. The results suggest that the bullwhip effect can significantly influence network design, with lead time playing a particularly critical role in differentiating designs for supply chains with and without the bullwhip effect. Additionally, through a simulation study, we explore how incorporating the bullwhip effect may affect the resilience of supply chain networks when facing supply disruptions.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109668"},"PeriodicalIF":9.8,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144099769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Implications of platform ecosystems on manufacturers’ selling model selection 平台生态系统对厂商销售模式选择的影响
IF 9.8 1区 工程技术
International Journal of Production Economics Pub Date : 2025-05-08 DOI: 10.1016/j.ijpe.2025.109638
Lipan Feng , Xiaoxu Chen , Minyue Jin , Yongjian Li , Wei Wang
{"title":"Implications of platform ecosystems on manufacturers’ selling model selection","authors":"Lipan Feng ,&nbsp;Xiaoxu Chen ,&nbsp;Minyue Jin ,&nbsp;Yongjian Li ,&nbsp;Wei Wang","doi":"10.1016/j.ijpe.2025.109638","DOIUrl":"10.1016/j.ijpe.2025.109638","url":null,"abstract":"<div><div>Several major manufacturers, such as Apple and Xiaomi, have evolved into platform-based companies. They not only produce hardware products but also develop platform ecosystems that connect hardware product users and software developers. However, the existing literature rarely explores how the establishment of platform ecosystems affects the manufacturer’s optimal selling model choice. We consider a monopolistic manufacturer that establishes a platform ecosystem, generating revenue from both hardware sales and software developer access fees (service price). Furthermore, the manufacturer can choose the direct selling, reselling, and agency selling to distribute the hardware products. We primarily examine the impacts of establishing a platform ecosystem on hardware product pricing, profitability, and supply chain efficiency in different selling models. Our theoretical analysis first reveals that establishing a platform ecosystem, driven by cross-side network effects, can contribute to the reduction of hardware product prices. This incentive to lower prices is strongest under the agency selling, followed by the direct selling, and then the reselling. Second, compared with the scenario without a platform ecosystem, establishing a platform ecosystem will expand the manufacturer’s preference for agency selling over reselling. Third, the platform ecosystem can improve supply chain efficiency in reselling under a certain condition. However, agency selling consistently decreases in efficiency. Furthermore, contrary to traditional wisdom, when the commission rate is high and the cross-side network effect is low, supply chain efficiency under reselling surpasses that under agency selling. Last, we extended the model and reveal that consumers’ privacy concerns and the negative reverse network effect expand the region where agency selling dominates, while nonzero costs (production and service costs) and channel competition reduce this region.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"286 ","pages":"Article 109638"},"PeriodicalIF":9.8,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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