摘要
在最初的保理中,核心企业提供信用的回报往往是体现在整体供应链绩效和运营效率上,而不是直接收取担保费用.文章研究的是基于保理融资下的新业务——订单转保理模式.描述了订单转保理融资模式下的整个供应链运作现状,考虑供应链中零售商为供应商提供信用担保,通过设定保理回报率收取担保费用,以收益最大化为目标建立了单周期报童模型,探讨了该融资模式对供应链绩效和效率的影响及保理回报率对订货决策的影响.研究发现,订单转保理模式能够提高供应链整体绩效,使得供应链多方共赢,但并不能明显改善供应链效率,说明该模式下协调依旧需要发挥重要作用.另外,零售商愿意提供信用担保,使得供应商获得贷款从而更好地匹配市场需求,但通过设定保理回报率获得担保费用的方式,反而会降低零售商的收益.
In the initial factoring, core enterprise credit returns tend to be reflected in the overall supply chain performance and operating efficiency, rather than guarantee cost. This paper studies the new business under the factoring financing — the order-to-factoring mode. This paper describes the operational status of the entire supply chain in the order-to-factoring mode, and considers it that in the supply chain the retailer provides credit guarantee for the supplier to get the guarantee cost by setting the rate of factoring return. Moreover, it establishes the single cycle newsvendor model with profit maximization as the goal to investigate the financing mode＇s effect on supply chain performance and efficiency and the rate of factoring return＇s effect on ordering decision. Research shows that the order-to-factoring mode can improve the supply chain performance for win-win. However, it doesn＇t have a significant influence on supply chain efficiency, which means that coordination still needs to play an important role. On the other hand, the retailer has willingness to give security to make his supply chain match supply and demand better, but it will reduce the retailer＇s revenue instead by setting the rate of factoring return.
出处
《系统工程理论与实践》
EI
CSSCI
CSCD
北大核心
2015年第7期1733-1743,共11页
Systems Engineering-Theory & Practice
基金
教育部人文社会科学研究一般资助项目(14YJA630087)
中央高校基本科研业务费(CDJKXB14004)
关键词
订单转保理
报童模型
保理回报率
供应链效率
the order-to-factoring mode
newsvendor model
the rate of factoring return
supply chain efficiency
