[1]孙喜梅,赵国坤,汪颖.存货质押融资对供应链效益的影响[J].深圳大学学报理工版,2014,31(3):317-324.[doi:10.3724/SP.J.1249.2014.03317]
 Sun Ximei,Zhao Guokun,and Wang Ying.Effect analysis on supply chain performance based on inventory pledging financing[J].Journal of Shenzhen University Science and Engineering,2014,31(3):317-324.[doi:10.3724/SP.J.1249.2014.03317]
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存货质押融资对供应链效益的影响()
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《深圳大学学报理工版》[ISSN:1000-2618/CN:44-1401/N]

卷:
第31卷
期数:
2014年第3期
页码:
317-324
栏目:
数学与应用数学
出版日期:
2014-05-20

文章信息/Info

Title:
Effect analysis on supply chain performance based on inventory pledging financing
文章编号:
201403016
作者:
孙喜梅赵国坤汪颖
深圳大学经济学院,深圳 518060
Author(s):
Sun Ximei Zhao Guokun and Wang Ying
College of Economics, Shenzhen University, Shenzhen 518060, P.R.China
关键词:
供应链金融存货质押融资供应链效益质押量资金约束批发价
Keywords:
supply chain finance inventory financing supply chain performance inventory quantity capital-constrained wholesale price
分类号:
O 211.9
DOI:
10.3724/SP.J.1249.2014.03317
文献标志码:
A
摘要:
根据供应链存货质押融资业务的操作流程,针对单一供应商与单一零售商构成的2级供应链,建立节点企业及供应链整体的决策模型. 研究资金约束的零售商进行存货质押融资对各个节点企业及供应链整体利润的影响,给出实现供应链协同的条件. 研究质押量与质押率、贷款利率的关系,对比分析是否融资的最优决策. 结果表明,存货质押融资能够实现融资企业与供应商的共赢,增加节点企业利润同时提高供应链整体效益;供应商通过对调整批发价实现供应链协同,使供应商、零售商及供应链整体的效益同时达到最大;供应链协同时的质押量与质押率、贷款利率呈负相关;存货质押融资时的最优批发价和最优订货量都低于资金充足时的最优批发价与最优订货量. 通过算例分析验证相关结论.
Abstract:
This paper discusses the effect of inventory financing on the performance of node enterprises. It also examines the supply chain composed of one supplier and one capital-constrained retailer according to the supply chain inventory financing business operation process. The decision-making models of node enterprises and supply chain are presented, and the conditions to achieve supply chain coordination are given. In addition, the relationship among inventory quantity, loan-to-value ratios and loan interest rate are scrutinized. At the same time, comparative analysis of the optimal decision between capital-constrained retailer adopting inventory financing and interest rate is made. The results are as follows: firstly, inventory financing can increase both node enterprises’ and supply chain’s benefits. Secondly, to realize supply chain coordination when the supplier’s, retailer’s and supply chain’s benefits are maximized at the same time, the wholesale price should be reduced appropriately. Thirdly, inventory quantity is negatively correlated to both loan-to-value ratios and loan interest rate. Lastly, the supplier’s optimal wholesale price and supply chain’s optimal order quantity based on inventory financing when a retailer is cash constrained are both lower than those of well funded situation. Numerical analysis is given to illustrate the conclusions.

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备注/Memo

备注/Memo:
Received:2013-07-10;Revised:2013-11-21;Accepted:2013-12-20
Foundation:Humanities and Social Science Youth Foundation of Education of Ministry (10YJC630320);Educational Reform Project Granted by Shenzhen University(JG2012061)
Corresponding author:Associate professor Sun Ximei. E-mail:szusxm@163.com
Citation:Sun Ximei, Zhao Guokun, Wang Ying. Effect analysis on supply chain performance based on inventory pledging financing[J]. Journal of Shenzhen University Science and Engineering, 2014, 31(3): 317-324.(in Chinese)
基金项目:教育部人文社会科学研究资助项目(10YJC630320);深圳大学教学改革研究资助项目(JG2012061)
作者简介:孙喜梅(1965—),女(汉族),吉林省长春市人,深圳大学副教授、博士.E-mail:szusxm@163.com
引文:孙喜梅, 赵国坤,汪颖. 存货质押融资对供应链效益的影响[J]. 深圳大学学报理工版,2014,31(3):317-324.
更新日期/Last Update: 2014-05-01