考虑资金约束的再制造企业生产与融资综合决策研究

发布时间：2018-03-21 00:48

本文选题：资金约束　切入点：制造/再制造　出处：《管理工程学报》2017年04期 　论文类型：期刊论文

【摘要】：在生产预算资金短缺的情形下,对再制造企业生产决策和融资决策进行了综合研究。首先,分析了再制造企业无资金约束时的制造/再制造生产决策,另外用非线性规划中的Kuhn-Tucker条件分析了存在资金约束但不选择融资时的生产决策,通过对比,探讨了自有资金量对再制造企业生产决策的影响,并得出了不同资金短缺程度下的生产决策;其次,分析了再制造企业存在资金约束,选择融资时的生产决策和融资决策,研究表明:在生产预算资金短缺的情形下,再制造企业是否选择融资,取决于融资年利率的大小,并且融资后两种产品的最优生产量与自有资金无关,只与融资年利率的大小有关;最后,通过数值分析对研究结论进行了验证和说明。
[Abstract]:Under the circumstance of shortage of production budget and capital, the production decision and financing decision of remanufacturing enterprise are studied. Firstly, the manufacturing / remanufacturing decision without capital constraint is analyzed. In addition, the Kuhn-Tucker condition in nonlinear programming is used to analyze the production decision when there are capital constraints but no financing is chosen. By comparison, the influence of the amount of the own capital on the production decision of the remanufacturing enterprise is discussed. Secondly, the paper analyzes the production decision and financing decision when the remanufacturing enterprise has capital constraints, and the research shows that: in the case of production budget shortage, the production decision and financing decision of the remanufacturing enterprise are analyzed. The results show that: the production budget is short of funds, and the production budget is short of funds. Whether the remanufacturing enterprise chooses to finance depends on the size of the annual interest rate on financing, and the optimal production of the two products after financing is independent of the own capital, but only related to the size of the annual interest rate of the financing; finally, The conclusion is verified and explained by numerical analysis.
【作者单位】：东南大学经济管理学院;
【基金】：国家自然科学基金资助项目(71271054,70971022)
【分类号】：F273;F406.7

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