scholarly journals Incorporating ‘Mortgage-Loan’ Contracts into an Agricultural Supply Chain Model under Stochastic Output

Mathematics ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 85
Author(s):  
Liurui Deng ◽  
Shuge Wang ◽  
Yixuan Wen ◽  
Yuting Li

This paper constructs an internal financing model in which the purchaser acts as the core leading enterprise to provide loans when the farmer has fixed assets as collateral. Numerical results show that the existence of fixed assets will increase the expected profit of the farmer, redistributing the risk and profit between the purchaser and the farmer. At the same time, the purchaser and the government are encouraged to provide more funds to the farmer with low value of its fixed assets, which will aid the overall return of the supply chain and the development of supply chain finance. In addition, under the framework of this model, the increase of agricultural production is beneficial to the farmer, not the purchaser. In the case of the same output level, we can alleviate this problem by selecting high-end agricultural products with high price elasticity of demand and high choking price so as to improve the profits of both purchaser and farmer.

Humanomics ◽  
2017 ◽  
Vol 33 (2) ◽  
pp. 189-210 ◽  
Author(s):  
Issa Salim Moh’d ◽  
Mustafa Omar Mohammed ◽  
Buerhan Saiti

Purpose This paper aims to identify the appropriate model to address the financial challenges in agricultural sector in Zanzibar. Since the middle of 1960, clove production has continually and significantly decreased because of some problems and challenges that include financial ones. The financial intermediaries such as banks, cooperatives and micro-enterprises provide micro-financing to the farmers with high interest rates along with collateral requirements. The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. Design/methodology/approach The authors will review and examine several existing financial models, identify the issues and challenges of the current financial models and propose an appropriate Islamic financing model. Findings The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. This study, therefore, proposed a Waqf-Muzara’ah-supply chain model to address the financial challenge. Partnership arrangement is also suggested in the model to mitigate the issues of high interest rates and collateral that constrains the financial ability of the farmers and their agricultural output. Originality/value The contribution of the agricultural sector to the economic development of Zanzibar Islands is considerable. As one of the important agricultural sectors, the clove industry was the economic backbone of the government of Zanzibar. This study is believed to be a pioneering work; hence, it is the first study that investigates empirically the challenges facing the clove industry in Zanzibar.


Author(s):  
Ketut Buda Artana ◽  
Dinariyana Dwi Putranta ◽  
Irfan Syarief Arief ◽  
I MadeAriana

Increase in demand for clean energy is one of the strategic issues in Indonesia nowadays, considering the significant economic growth of the country. A conventional LNG supply chain is not the best solution taking into consideration its high investment. The possibility of using a small scale LNG supply chain concept (Mini LNG) is recently sought by the government and private sectors in Indonesia. It is even more promising when we consider the amounts and number of stranded gas fields in the country. One of the main obstacles to the development plan is the geographical position of Indonesia as an archipelagic country. This paper presents a case study of LNG supply chain model of 10 mmscfd Gas Sales Agreement (GSA) in Batam and its design of LNG transportation model from Batam to Siantan-West Kalimantan [1]. The distance between Batam and Siantan is approximately 392 nautical miles. Two main objectives are covered in this paper. The first one is an implementation of the Analytical Hierarchy Process (AHP) to select the best location for mini LNG plant, and the second one is to design the LNG supply chain model based on optimization approach. The AHP model uses a pairwise comparison of 4 (four) qualitative attributes and 14 (fourteen) sub-attributes. 3 alternatives of location for mini LNG plant are evaluated, namely: Tanjung Uncang, Pemping Island and Janda Berhias Island. A sensitivity analysis by varying the weight of some critical attributes is also conducted to ensure that preferred location is sensitively selected with minimum error. The optimization of the LNG supply chain model is carried out by means of Gradually Reduced Gradient (GRG) methods. The Objective is to attain one design that will minimize investment (cost). Decision variables of the model are LNG plant capacity, storage tank capacity in loading and receiving terminal, vessel size, number of round trip, number of operating vessels, regasification capacity at the receiving terminal, and others.


2021 ◽  
Vol 1 (2) ◽  
pp. 267-274
Author(s):  
Umaruddin Usman ◽  
Likdanawati Likdanawati ◽  
Cut Putri Mellita Sari ◽  
Ichsan Ichsan

The purpose of this study was to determine the supply chain's path or flow pattern from the production source area to the consumer, as well as the parties involved, design a supply chain model, and build a food balance to determine whether there was a surplus or deficit of broiler meat in Lhokseumawe City. Furthermore, utilizing the Hayami technique, this study assesses the added value and profit for traders selling chicken meat. Documents, questionnaires, and interviews with retailers were used to collect data. The findings revealed that retailers controlled or monopolized the supply chain of broiler meat distribution, while producers were accomplices of several large corporations that controlled or monopolized the commodity of broiled chicken in Aceh Province. North Aceh Regency, Pidie Jaya Regency, and Pidie Regency are all sources of commodities coming from outside of Lhokseumawe City. To solve the problem of broiler meat supply, all competent parties, including the government, the commercial sector, relevant agencies/institutions, researchers, academics, scientists, and specialists, must work together to build a design model for the purebred broiler meat supply chain. Most actors cooperate and support one another to gain additional value and profit. Meanwhile, to make up for the losses, a few dealers sell other poultry products including free-range chicken and duck, as well as collect waste from the birds.


2011 ◽  
Vol 224 ◽  
pp. 147-151 ◽  
Author(s):  
Chang Fei Jin ◽  
Xin Wang ◽  
Li Jun Mei

In order to study the role that the government played in the green supply chain, we constructed a supply chain model by two kinds of manufacturers, consumers and government environmental fund, on this basis, the optimal government subsidies and products' optimal production and price were obtained by game theory and utility function. Then, according to the results of numerical example we draw the conclusion that if the government adopts optimal subsidies policy, social welfare will be substantially increase, and the demand for green products will rise too, on the other side, the prices will be bring down. It is shown that with the guidance of the government subsidy mechanism, the green supply chain will be on the track that is conducive to the rapid development of environmental protection.


2021 ◽  
Vol 13 (14) ◽  
pp. 7585
Author(s):  
Yunmei Liu ◽  
Shuai Zhang ◽  
Min Chen ◽  
Yenchun Wu ◽  
Zhengxian Chen

Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.


2021 ◽  
pp. 1-15
Author(s):  
Sudip Adak ◽  
G.S. Mahapatra

This paper develops a fuzzy two-layer supply chain for manufacturer and retailer with defective and non-defective types of products. The manufacturer produces up to a specific time, including faulty and non-defective items, and after the screening, the non-defective item sends to the retailer. The retailer’s strategy is to do the screening of items received from the manufacturer; subsequently, the perfect quality items are used to fulfill the customer’s demand, and the defective items are reworked. The retailer considers that customer demand is time and reliability dependent. The supply chain considers probabilistic deterioration for the manufacturer and retailers along with the strategies such as production rate, unit production cost, cost of idle time of manufacturer, screening, rework, etc. The optimum average profit of the integrated model is evaluated for both the cases crisp and fuzzy environments. Managerial insights and the effect of changes in the parameters’ values on the optimal inventory policy under fuzziness are presented.


2014 ◽  
Vol 635-637 ◽  
pp. 1771-1775 ◽  
Author(s):  
Hui Min Jia ◽  
Kai Chao Yu ◽  
Jin Chang Zhang

Leagile supply chain integrates lean supply chain and agile supply chain. In this paper, the theory of lean production and agile manufacturing are compared and analyzed, and then the leagile supply chain model and the performance evaluation system based on DEA are established. Based on the above, this paper provides an example of the evaluation system to verify the operability and effectiveness, which can provide the reference for enterprises to improve operating mode of the supply chain or develop a new leagile supply chain.


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