系统工程理论与实践
繫統工程理論與實踐
계통공정이론여실천
Systems Engineering—Theory & Practice
2011年
9期
1674~1679
,共null页
供应链金融 仓单质押 资金约束 信用额度 需求不确定性
供應鏈金融 倉單質押 資金約束 信用額度 需求不確定性
공응련금융 창단질압 자금약속 신용액도 수구불학정성
supply chain financing; warehouse receipts financing; capital constraints; credit line; demand uncertainty
在需求不确定环境下研究了供应链金融系统中受资金约束的零售商通过仓单质押融资的最优策略.设计了一个由制造商、零售商和商业银行组成的供应链金融系统,考虑零售商的信用额度和破产概率,分析了商业银行的最优融资利率、零售商的最优订货决策以及制造商的最优批发价格,并针对有无信用额度融资方案下的最优决策进行了对比分析.最后通过数值算例分析了零售商不同信用额度对供应链金融系统最优策略的影响,并验证了理论分析的结果.
在需求不確定環境下研究瞭供應鏈金融繫統中受資金約束的零售商通過倉單質押融資的最優策略.設計瞭一箇由製造商、零售商和商業銀行組成的供應鏈金融繫統,攷慮零售商的信用額度和破產概率,分析瞭商業銀行的最優融資利率、零售商的最優訂貨決策以及製造商的最優批髮價格,併針對有無信用額度融資方案下的最優決策進行瞭對比分析.最後通過數值算例分析瞭零售商不同信用額度對供應鏈金融繫統最優策略的影響,併驗證瞭理論分析的結果.
재수구불학정배경하연구료공응련금융계통중수자금약속적령수상통과창단질압융자적최우책략.설계료일개유제조상、령수상화상업은행조성적공응련금융계통,고필령수상적신용액도화파산개솔,분석료상업은행적최우융자리솔、령수상적최우정화결책이급제조상적최우비발개격,병침대유무신용액도융자방안하적최우결책진행료대비분석.최후통과수치산례분석료령수상불동신용액도대공응련금융계통최우책략적영향,병험증료이론분석적결과.
In this paper,we research the optimal strategies for supply chain financing system based on warehouse receipts with a capital-constrained retailer under the demand uncertainties.We design a supply chain financing system composed of a manufacturer,a retailer and a commercial bank.Considering the credit line and bankruptcy risk of the retailer,we analyzed the optimal financing interest of the commercial bank,the optimal orders of the retailer and the optimal wholesale price of the manufacturer,respectively. We make comparison analysis for the optimal strategies between the loan scheme with the credit line and without it.Finally,we analyze the impacts of different credit lines on the optimal strategies through the numerical examples and validate the theoretical analysis.
