CAJ | 학술논문

基于由供应商、保理商和零售商组成的供应链，建立了无追索权保理和有追索权保理的决策模型。在这些模型的基础上，求解最优的保理折扣率，并给出分散决策和集中决策模式下的保理选择算法。最后，通过算例和数值分析研究了零售商的破产管理成本和运作资金对保理折扣率的影响，以及供应商和保理商对保理的选择。
기우유공응상、보리상화령수상조성적공응련，건립료무추색권보리화유추색권보리적결책모형。재저사모형적기출상，구해최우적보리절구솔，병급출분산결책화집중결책모식하적보리선택산법。최후，통과산례화수치분석연구료령수상적파산관리성본화운작자금대보리절구솔적영향，이급공응상화보리상대보리적선택。
In this paper, decision models of non-recourse factoring and recourse factoring are developed respectively in a supply chain which includes a supplier, a factor and a retailer. Base on the models, the optimal discount rate of factoring is found, and then the factoring choice scenarios in the decentralized decision-making mode and the centralized decision-making mode are given. Finally, it studies the influence of the retailer＇s administrative cost of bankruptcy and the retailer＇s working capital on the discount rate of factoring as well as the factoring choice of the supplier and the factor by numerical example and sensitivity analysis.