摘要
针对公平偏好双渠道制造商存在的资金约束问题,构建了金融机构借贷融资与预付款融资两种模式下的供应链融资决策糢型,分析了制造商公平偏好对供应链利润及成员决策的影响,最后用数值分析验证并拓展结论.结果表明,制造商公平偏好特性降低了零售商收益,但提高了制造商以及整个供应链的收益.金融机构借贷融资糢式下,制造商和零售商的收益均低于无资金约束下其所得收益.预付款融资模式下,在一定的市场潜在需求规模下,零售商或制造商会获得高于无资金约束时其所得收益.对比两种融资模式下各成员收益,发现当预付款时间长度敏感系数相对较小时,制造商会倾向选择预付款融资模式,否则制造商会倾向选择金融机构借贷融资模式.
For the problem of financial constraint for fair preference dual-channel manufacturers,the prepayment financing model and the loan-payment financing model are established to analyze the impacts of manufacturers'fairness preference on the profits of supply chain and member's decision making.Finally,the conclusion is verified and extended by numerical study.The results show that the manufacturer’s fairness preference characteristics reduce the retailer’s profit,but increase the profit of the manufacturer and the entire supply chain.The manufacturer’s and retailer’s profit in the loan-payment model always less than their profit in the non-capital constraint mode,but not always less than the non-capital constraint mode in the prepayment financing mode.Comparing the partners' profit under two financing models,results show that when the sensitivity coefficient of the length of prepayment is low.the manufacturer prefers the prepayment financing model;Otherwise,the manufacturer prefers the loan payment financing mode.
作者
郭金森
周永务
Guo Jinsen;Zhou Yongwu(Business School,Henan Normal University,Xinxiang 453007,China;School of Business Administration,South China University of Technology,Guangzhou 510640,China)
出处
《系统工程学报》
CSCD
北大核心
2019年第6期831-843,共13页
Journal of Systems Engineering
基金
国家自然科学基金资助项目(71520107001,71902055)
国家社会科学基金资助项目(17BGL139)
河南省政府决策研究招标课题资助项目(2018B118).
关键词
双渠道
公平偏好
预付款融资
借贷支付融资
dual channel
fairness preference
prepayment financing
loan payment financing
