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The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

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  • Shuai Li

    (School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China)

  • Shaojian Qu

    (School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China)

Abstract

With the gradual and widespread application of blockchain technology in the supply chain, its characteristics can help solve the financing problem of MSMEs. To this end, this paper constructs a cooperative game model for suppliers, manufacturers and retailers in the case of a cross-level guarantee of order-to-factoring, studies the pricing strategy of supply chain finance members based on blockchain technology by adopting the Stackelberg primary-secondary game method, and makes a reasonable allocation of total supply chain revenue with the help of the Shapley value of the cooperative game. The study found that the adoption of blockchain can be effective in increasing the benefits to supply chain members and systems. The adoption of blockchain increases the blockchain costs but decreases the financing costs for the supplier. The Shapley value of the cooperative game is used to distribute the benefits, allowing for Pareto improvements in the benefits to supply chain members. In the next step, we will focus on examining the impact of risk assessment and the degree of information disclosure on supply chain finance with blockchain technology.

Suggested Citation

  • Shuai Li & Shaojian Qu, 2023. "The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game," Sustainability, MDPI, vol. 15(6), pages 1-28, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:6:p:5367-:d:1100363
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    Cited by:

    1. Boyi Zhang & Shaojian Qu, 2023. "Green Supply Chain Game: Decision-Making and Coordination Mechanism Design," Sustainability, MDPI, vol. 15(21), pages 1-25, November.

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