Olin Business School at Washington University in St. Louis | Groups


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2017
 



The Boeing Center hosted its 3rd annual Supply Chain Finance & Risk Management Conference on May 14-15 at Washington University. The aim of the conference, which was attended by prominent academic researchers from top business schools from around the world, was to stimulate interactions and knowledge sharing at the interface of operations, finance, and supply chain risk management. The topic of supply chain finance and risk management has become extremely important to global corporations that deal with working capital management issues and their impact on operational decisions in complex global supply chains, especially in environments of volatile demand and price uncertainties. The researchers viewed the conference as an opportunity to receive feedback on their work, and to discuss current initiatives they are pursuing at various stages of completion.

The conference featured presentations based on current research trends, including financing inventories in supply chains; financing innovations such as crowd funding, trade credit and reverse factoring practices; applications of real options in managing flexibility within global supply chains; supply chain contracting considerations; and hedging of cash flow volatility due to commodity price fluctuations. Each presentation was followed by a discussion and comments from the attendees. There was also a panel discussion on emerging themes and directions of the field. In more detail, the list of addressed topics was:

  • The role of financial institutions and financial markets in operations and supply chain management;
  • New ways to finance inventories and other working capital needs within supply chains
  • Joint operational and financial decisions of the firms; 
  • Operational and financial risks: identification, measurement, pricing, and management; 
  • Integrated approaches to operational and financial risk management; 
  • Games, incentives, asymmetric information in operational and financial risk management;
  • Econometric methods for financial and operational risk management;
  • Empirical studies of operational risk management and integration of financial and operational decisions.

In order to preserve the energy and momentum of the discussion, and to explore topics of interest in a more casual setting, the attendees were treated to dinner on both evenings. For a high altitude view of St. Louis, the first evening featured dinner and drinks at the Four Seasons. Then, on the evening of the second day, the attendees let their hair down and feasted on the smoky-sweet barbecue of Pappy’s Smokehouse. It was a great opportunity for the field’s preeminent researchers to get to know one another.

One of the initiatives resulting from the conference will be an edited book, comprised of short papers submitted by attendees, to be published as an issue in the Foundations and Trends® in Technology, Information and Operations Management book series. Each submission will include motivation and description of the problem, modeling approach and methodology, results and insights, and future research suggestions. Stay tuned to our social media channels for more information on this publication in the fall.

We at The Boeing Center are grateful to all those who took time out of their busy schedules to share their research insights and perspectives with us. We look forward to seeing everyone at next year’s conference, which will undoubtedly be mentally and epicurially stimulating, in equal parts.

Following the conference, there was a discussion (click here for the video) on current trends in supply chain finance and its real-world applications, featuring some of the top academic minds in the field: Panos Kouvelis (Washington University in St. Louis), Onur Boyabatli (Singapore Management University), Matt Sobel (Case Western Reserve University), Dan Iancu (Stanford University), Tunay Tunca (University of Maryland). We’d like to hear from you too; leave your thoughts in the comments section. And be sure to check out the photo gallery here.

 



2016
 





The Boeing Center
Supply Chain Finance & Risk Management Conference
May 22-23, 2016
Washington University


Featuring presentations from:
 

Yasin Alan  |  Vanderbilt University
"Linking Operational Performance to Financial Distress in the U.S. Airline Industry"

Vlad Babich  |  Georgetown University
"Exploration in the presence of free-riding and risk-shifting incentives: can debt financing mitigate under-investment?"

Nitin Bakshi  |  London Business School
“Mitigating Disruption Cascades in Supply Networks”

Onur Boyabatli  |  Singapore Management University
“Crop Planning in Sustainable Agriculture: Dynamic Farmland Allocation in the Presence of Crop Rotation Benefits”

Caner Canyakmaz  |  Koc University
"A Dynamic Financial Hedging Model for an Inventory System with a Stochastic Price Process"

Arun Chockalingham  |  Eindhoven University of Technology
"Optimal hedging policies using options for Ocean Freight Transportation considering the Indivisibility of Carriers"

Jiri Chod  |  Boston College
"Trade vs. Bank Credit and Suppliers’ Competition"

Dan Corsten  |  IE Business School
"Suppliers as Liquidity Providers"

Francis de Vericourt  |  ESMT
"Financing Capacity Investment Under Demand Uncertainty"

Shiming  Deng  |  Huazhong Univ. of Science & Technology
"Financing Suppliers in Assembly Systems: Buyers or Banks"

Qing Ding  |  Huazhong Univ. of Science & Technology
"Procurement Financing in Shipping using Auctions"

Martin Haugh  |  Columbia University
"A Cournot-Stackelberg Model of Supply Contracts with Financial Hedging"

Dan Iancu  |  Stanford University
"Disruption Risk and Optimal Sourcing in Multi-tier Supply Networks"

Burak Kazaz  |  Syracuse University
"Wine Analytics: Fine Wine Pricing & Selection under Weather & Market Uncertainty"

Jie Ning  |  Case Western Reserve University
"Production, Capacity, and Liquidity of a Financially Constrained Firm"

William Schmidt  |  Corrnell University
“Quantifying Inaccuracy in Disruption Durations"

Nicola Secomandi  |  Carnegie Mellon University
"Merchant Energy Trading in a Network"

Nikos Trichakis  |  Harvard University
“Pricing Distortions and Spiralling Agency Costs under Debt"

Danko Turcic  |  Washington University in St. Louis
"The Role of Pass-Through Contracts in Environments with Volatile Input Prices and Frictions" 

Qi Wu  |  Case Western Reserve University
"Capital Structure and Asset Flexibility"

Alex Yang  |  London Business School
"Cancelability in Trade Credit Insurance"

Wenhui Zhao  |  Antai College
"Who Should Finance the Supply Chain: Impact of Credit Ratings on Supply Chain Decisions"

Schedule
 
SUNDAY, MAY 22

12:00pm  •  LUNCH (ANHEUSER-BUSCH DINING ROOM, KNIGHT CENTER 3RD FLOOR)

1:00pm  •  ENERGY & COMMODITY MERCHANT OPERATIONS

Presenters
:  Nicola Secomandi, Onur Boyabatli, Burak Kazaz
Discussants:  Martin Haugh, Ling Dong, Maqbool Dada

2:30pm  •  COFFEE BREAK

2:45pm  •  TRADE CREDIT & CORPORATE FINANCE
Presenters
:  Alex Yang, Jiri Chod, Qi Wu
Discussants:  Rong Li, Matt Sobel, Martin Haugh

4:15pm  •  COFFEE BREAK

4:30pm  •  FINANCING OPERATIONS
Presenters
:  Jie Ning, Wenhui Zhao, Arun Chockalingham

7:00pm  •  DINNER AT THE WHITTEMORE HOUSE
 
MONDAY, MAY 23

6:30am  •  BREAKFAST (KNIGHT CENTER 2ND FLOOR)

8:00am  •  RISK MANAGEMENT & HEDGING
Presenters:  Martin Haugh, Danko Turcic
Discussants:  Genaro Gutierrez, Dan Iancu

9:00am  •  COFFEE BREAK

9:15am  •  OPERATIONS/CORPORATE FINANCE INTERFACE
Presenters:  Francis de Vericourt, Vlad Babich, Nikos Trichakis
Discussants:  Iva Rashkova, Yu (Sammi) Tang, Danko Turcic

10:45am  •  COFFEE BREAK

11:00am  •  MANAGING SUPPLY RISKS & DISRUPTIONS
Presenters:  Dan Iancu, Nitin Bakshi
Discussants:  Roman Kapuscinski, Brian Tomlin

12:00pm  •  WORKING LUNCH  
Presenter:  Nikos Trichakis, "Teaching Supply Chain Finance"

2:00pm  •  EMPIRICAL STUDIES IN SUPPLY CHAIN RISK MANAGEMENT
Presenters:  William Schmidt, Yasin Alan, Dan Corsten
Discussants:  Vishal Gaur, Tunay Tunca, Nicola Secomandi

3:30pm  •  COFFEE BREAK

3:15pm  •  FINANCING OPERATIONS II
Presenters:  Qing Ding, Shiming Deng, Caner Canyakamaz

6:15pm  •  DEPART FOR CARDINALS GAME & DINNER

 


2015
 


 

First Annual BCTIM Research Conference

"Supply Chain Finance and Risk Management"

May 3-4, 2015

Olin Business School of Washington University in St. Louis

Topic Authors/Presenters Resources 
Supply Chain Network Structure and Firm Returns

John R. Birge - University of Chicago

A joint work with Jing Wu (University of Chicago)

Presentation


Paper

Operational Strategies in the Presence of Consumer-Driven Bankruptcy Risk

John R. Birge - University of Chicago

Rodney P. Parker - University of Chicago

Michelle Xiao Wu - Washington State University

S. Alex Yang - London Business School

Presentation


Paper

The Supply Chain Finance Role of 3PL's Procurement Service

Gangshu (George) Cai - Santa Clara University

A joint work with Xiangfeng Chen and Jeannette Song

Presentation
Inventory, Risk Shifting, and Trade Credit Jiri Chod - Boston College

Presentation


Paper

Production Chain Disruptions:  Inventory, Preparedness, and Insurance

Lingxiu Dong - Washington University

Sammi Yu Tang - University of Miami

Brian Tomlin - Dartmouth College

Presentation


Paper

Financial Hedging and Operational Flexibility:  An Empirical Investigation in the Gold Mining Industry

Panos Markou - IE Business School

Daniel Corsten - IE Business School

Presentation
Production, Capacity, and Liquidity of a Self-FInanced Firm

Jie Ning - Case Western Reserve University

Matthew J. Sobel - Case Western Reserve University

Presentation


Paper

Payment Timing in Multiechelon Supply Chains:  Cost Assessment, Incentives, and Coordination

Jeannette Song - Duke University

Jordan Tong - University of Wisconsin Madison

Gregory DeCroix - University of Wisconsin Madison

Presentation


Paper

Operationalizing Financial Covenants

Nikos Trichakis - Harvard University

A joint work with Dan Iancu (Stanford University) and Gerry Tsoukalas (University of Pennsylvania)

Presentation


Paper

Supply Chain Contract Design under Financial Constraints and Bankruptcy Costs

Wenhui Zhao - Shanghai Jiao Tong University

A joint work with Panos Kouvelis (Washington University)

Presentation
Wine Futures and Advance Selling under Quality Uncertainty

Tim Noparumpa - Chulalongkorn University

Burak Kazaz - Syracuse University

Scott Webster - Arizona State University

Paper
Tradeoff between Storage and Transport in Merchant Energy Trading on a Network

Selvaprabu Nadarajah - University of Illinois at Chicago

Nicola Secomandi - Carnegie Mellon University

Paper
Buyer Intermediation in Supplier Finance

Tunay I. Tunca - University of Maryland

Weiming Zhu - University of Maryland

Paper