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Introduction to Operations–Finance Interface

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Part of the book series: EURO Advanced Tutorials on Operational Research ((EUROATOR))

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Abstract

This chapter presents concepts of OFI (operations–finance interface) and a framework of integrated risk management. First, we introduce a “closed-loop” view of resources by a cycle of material, financial, and information flows. Second, we synthesize various definitions on operations–finance interface to ensure consistency. Third, we present a risk management framework for multidimensional integration of operations–finance interfaces. Fourth, ten aspects are examined to specify the conditions under which firms should integrate operations and finance. Fifth, we examine the decision criteria for relationship analysis of operations and finance (complements or substitutes).

This chapter is a revised version of “Operations–finance interface models: A literature review and framework” published in issue 244 of European Journal of Operations Research.

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Author information

Authors and Affiliations

  1. Associate Professor of Supply Chain Management, Ningbo Supply Chain Innovation Institute China, MIT Global SCALE Network, Ningbo, China

    Lima Zhao

  2. Chair of Production Management, WHU-Otto Beisheim School of Management, Vallendar, Germany

    Arnd Huchzermeier

Authors
  1. Lima Zhao
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  2. Arnd Huchzermeier
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Correspondence to Lima Zhao .

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Zhao, L., Huchzermeier, A. (2018). Introduction to Operations–Finance Interface. In: Supply Chain Finance. EURO Advanced Tutorials on Operational Research. Springer, Cham. https://doi.org/10.1007/978-3-319-76663-8_1

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