How to empower commercial satellite supply chain: Insurance, government subsidy or blockchain adoption?

IF 6.7 2区管理学 Q1 MANAGEMENT Omega-international Journal of Management Science Pub Date : 2024-04-06 DOI:10.1016/j.omega.2024.103083

Jichang Dong , Yihan Jing , Zhou He , Ciwei Dong

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Abstract

The rapid growth of the commercial satellite industry is hindered by its vulnerability to launch failures, demanding the adoption of effective risk mitigation strategies. This research investigates such strategies, including the adoption of launch insurance, government subsidies, and blockchain technology integration within satellite launch supply chains. Utilizing Stackelberg games, we model scenarios with launch insurance (Model I), insurance plus government subsidies (Model IG), blockchain-embedded insurance (Model B), and blockchain-embedded insurance with government subsidies (Model BG), to investigate optimal launch and retail pricing strategies and to enhance launch success probabilities. Our findings demonstrate that government-subsidized launch insurance can create a win-win scenario, while the incorporation of blockchain technology fosters an all-win situation, benefiting all stakeholders, including consumers. Notably, the study reveals a synergistic relationship between government subsidies and blockchain technology, significantly enhancing supply chain efficiency and leading to positive spillover effects on profits and social welfare. This research contributes significantly to the understanding of managerial implications of these strategies within the commercial space launch market.

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如何增强商业卫星供应链的能力？保险、政府补贴还是采用区块链？

商业卫星产业的快速发展因其易受发射失败的影响而受到阻碍，这就要求采取有效的风险缓解战略。本研究调查了此类策略，包括采用发射保险、政府补贴以及在卫星发射供应链中整合区块链技术。利用斯塔克尔伯格博弈，我们模拟了发射保险（模型 I）、保险加政府补贴（模型 IG）、区块链嵌入式保险（模型 B）和区块链嵌入式保险加政府补贴（模型 BG）等情景，以研究最佳发射和零售定价策略，并提高发射成功概率。我们的研究结果表明，政府补贴的发射保险可以创造双赢局面，而区块链技术的融入则可以促进多赢局面，使包括消费者在内的所有利益相关者受益。值得注意的是，研究揭示了政府补贴与区块链技术之间的协同关系，可显著提高供应链效率，并对利润和社会福利产生积极的溢出效应。这项研究极大地促进了人们对商业航天发射市场中这些战略的管理意义的理解。

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来源期刊

Omega-international Journal of Management Science 管理科学-运筹学与管理科学

CiteScore

13.80

自引率

11.60%

发文量

130

审稿时长

56 days

期刊介绍： Omega reports on developments in management, including the latest research results and applications. Original contributions and review articles describe the state of the art in specific fields or functions of management, while there are shorter critical assessments of particular management techniques. Other features of the journal are the "Memoranda" section for short communications and "Feedback", a correspondence column. Omega is both stimulating reading and an important source for practising managers, specialists in management services, operational research workers and management scientists, management consultants, academics, students and research personnel throughout the world. The material published is of high quality and relevance, written in a manner which makes it accessible to all of this wide-ranging readership. Preference will be given to papers with implications to the practice of management. Submissions of purely theoretical papers are discouraged. The review of material for publication in the journal reflects this aim.