供應(yīng)鏈應(yīng)收賬款融資的決策分析與價(jià)值研究
發(fā)布時(shí)間:2018-02-26 15:04
本文關(guān)鍵詞: 供應(yīng)鏈金融 應(yīng)收賬款融資 決策模型 供應(yīng)鏈管理 出處:《管理科學(xué)學(xué)報(bào)》2012年05期 論文類型:期刊論文
【摘要】:根據(jù)供應(yīng)鏈應(yīng)收賬款融資交易模型,建立了包含供應(yīng)商、下游廠商和金融機(jī)構(gòu)的多階段供應(yīng)鏈決策模型,研究了包含和不包含融資情況下相關(guān)企業(yè)的決策問(wèn)題,得到供應(yīng)鏈中各參與方在各階段的期望收益,并通過(guò)數(shù)值分析研究了供應(yīng)鏈應(yīng)收賬款融資對(duì)供應(yīng)鏈成員和整個(gè)供應(yīng)鏈的價(jià)值.分析發(fā)現(xiàn):沒(méi)有其他融資的情況下,中小供應(yīng)商有可能出現(xiàn)生產(chǎn)不連續(xù)的情況,而供應(yīng)鏈應(yīng)收賬款融資能夠使其進(jìn)行連續(xù)生產(chǎn),并在快速增長(zhǎng)的市場(chǎng)中能在較短的周期內(nèi)達(dá)到最優(yōu)產(chǎn)量;應(yīng)收賬款融資也能使廠商得到連續(xù)供貨,收益持續(xù)增長(zhǎng),供應(yīng)商的初始現(xiàn)金越多,廠商的期望收益越高;當(dāng)供應(yīng)商的實(shí)力較弱時(shí),金融機(jī)構(gòu)能夠得到較大融資總收益,當(dāng)供應(yīng)商的實(shí)力達(dá)到一定程度后,金融機(jī)構(gòu)得到的總收益呈下降趨勢(shì).供應(yīng)鏈應(yīng)收賬款融資對(duì)中小供應(yīng)商、廠商和金融機(jī)構(gòu)都具有很大的應(yīng)用價(jià)值.
[Abstract]:According to the supply chain accounts receivable financing transaction model, a multi-stage supply chain decision model including suppliers, downstream firms and financial institutions is established, and the decision problems of related enterprises with or without financing are studied. The expected income of participants in each stage of supply chain is obtained, and the value of supply chain receivables financing to supply chain members and the whole supply chain is studied by numerical analysis. It is possible for small and medium-sized suppliers to produce discontinuities, and the supply chain accounts receivable financing enables them to produce continuously and to achieve optimal production in a relatively short period of time in a rapidly growing market. Accounts receivable financing can also make the supplier get continuous supply, and the income increases continuously. The more the initial cash of the supplier, the higher the expected return. When the supplier's strength is weak, the financial institution can get the larger total financing income. When the supplier's strength reaches a certain level, the total income of the financial institution shows a downward trend, and the supply chain accounts receivable financing has great application value to the small and medium-sized supplier, the firm and the financial institution.
【作者單位】: 浙江大學(xué)管理學(xué)院;浙江工商大學(xué)金融學(xué)院;
【基金】:國(guó)家自然科學(xué)基金資助項(xiàng)目(71002084;71072118;70801053) 浙江省教育廳資助項(xiàng)目(Y200805911)
【分類號(hào)】:F274;F224
【參考文獻(xiàn)】
中國(guó)期刊全文數(shù)據(jù)庫(kù) 前3條
1 陳祥鋒;朱道立;應(yīng)雯s,
本文編號(hào):1538511
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