CAJ | 학술논문

企业通过向银行贷款获得资金是很多企业用于解决企业资金不足的方式之一。本文分析了由单个供应商和单个零售商组成的供应链系统，当零售商自有资金不足时，通过向银行贷款来融资，此时，传统的供应链协调契约已不适用，而供应商担保契约可以有效地解决该问题，文章研究了该契约下供应商与该零售商以及银行之间的决策行为。通过分析得到：在供应商担保契约下零售商的最优订购量增加。最后给出一个数例，来分析各因素对最优订购量及各方利润的影响。
기업통과향은행대관획득자금시흔다기업용우해결기업자금불족적방식지일。본문분석료유단개공응상화단개령수상조성적공응련계통，당령수상자유자금불족시，통과향은행대관래융자，차시，전통적공응련협조계약이불괄용，이공응상담보계약가이유효지해결해문제，문장연구료해계약하공응상여해령수상이급은행지간적결책행위。통과분석득도：재공응상담보계약하령수상적최우정구량증가。최후급출일개수례，래분석각인소대최우정구량급각방리윤적영향。
Loaning from banks is one of ways for many enterprises to obtain financial support for invest- ment. A research is conducted for a two-level supply chain composed of a supplier and a cash-constrained retailer under uncertain demands. The retailer is cast as a newsvendor who faces financial constraint and needs to borrow money from a bank. For such a supply chain, the traditional contracts such as revenue- sharing and buyback are not suitable. Thus, a new coordination contract called supplier-warrant contract is proposed. Under such a contract, decision-making behavior of the supplier, the cash-constrained newsven- dor, and the bank is analyzed. Results show that, with such a contract, the newsvendor＇s optimal ordering quantity can be increased. A numerical study is used to show how the parameters affect the retailer＇s opti- mal ordering quantity and the profits of members in the supply chain and the whole system.