供应链应收账款融资的决策分析与价值研究

发布时间：2018-02-26 15:04

  本文关键词： 供应链金融 应收账款融资 决策模型 供应链管理　出处：《管理科学学报》2012年05期 　论文类型：期刊论文

【摘要】：根据供应链应收账款融资交易模型,建立了包含供应商、下游厂商和金融机构的多阶段供应链决策模型,研究了包含和不包含融资情况下相关企业的决策问题,得到供应链中各参与方在各阶段的期望收益,并通过数值分析研究了供应链应收账款融资对供应链成员和整个供应链的价值.分析发现:没有其他融资的情况下,中小供应商有可能出现生产不连续的情况,而供应链应收账款融资能够使其进行连续生产,并在快速增长的市场中能在较短的周期内达到最优产量;应收账款融资也能使厂商得到连续供货,收益持续增长,供应商的初始现金越多,厂商的期望收益越高;当供应商的实力较弱时,金融机构能够得到较大融资总收益,当供应商的实力达到一定程度后,金融机构得到的总收益呈下降趋势.供应链应收账款融资对中小供应商、厂商和金融机构都具有很大的应用价值.
[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.
【作者单位】： 浙江大学管理学院;浙江工商大学金融学院;
【基金】：国家自然科学基金资助项目(71002084;71072118;70801053) 浙江省教育厅资助项目(Y200805911)
【分类号】：F274;F224

【参考文献】

中国期刊全文数据库 前3条

1 陈祥锋;朱道立;应雯s，

本文编号：1538511