考虑提前支付的供应链成员内部融资策略研究
发布时间：2018-09-03 14:32
【摘要】：资金约束会影响供应链各成员企业及系统的盈利能力与竞争力,而供应链成员内部融资作为一种缓解成员企业资金压力的有效手段在实践中已得到了广泛的应用。通过供应链成员内部融资,资金充足的成员企业通过提前付款或延期付款的方式帮助资金约束的成员企业缓解资金问题。相对于依赖银行的外部融资,供应链成员内部融资不需要额外的固定资产作为抵押,并且供应链中作为提供融资的一方企业更了解融资企业生产成本、市场需求、信誉等各方面的信息,融资风险较好控制。本文从供应链内部融资的角度研究资金约束的供应商设计一定的预订价格折扣,吸引零售商提前订购部分产品并提前支付货款,从而缓解自身资金压力的问题。本文的主要研究内容包括以下三个方面：(1)介绍供应链融资的理论基础交易信用理论,分析供应链内外部融资的模式,总结供应链内部融资的优势。分析现有文献对于供应链融资问题的研究,在此基础上找到本文研究的切入点。(2)对面向单一供应商的零售商提前付款融资模式进行分析。研究不同价格折扣下零售商的最优提前付款决策和供应商的最优生产决策；进一步分析得出价格折扣一定,供应商不同资金水平下的最优提前付款额和最优生产量,以及供应商不同资金水平对供应链整体绩效的影响。(3)考虑多供应商的情况,即资金约束的供应商存在替代竞争者,不同价格折扣以及不同资金水平下零售商的最优提前付款决策和供应商的最优生产决策,并与单供应商的最优决策进行比较,分析得出替代竞争者的存在对于供应链内部融资的影响。最后通过企业应用分析,验证前文结论的合理性和可行性,为中小企业融资提供参照。
[Abstract]:Capital constraints will affect the profitability and competitiveness of supply chain member enterprises and systems. As an effective means to alleviate the financial pressure of supply chain members, the internal financing of supply chain members has been widely used in practice. Through the internal financing of supply chain members, the well-funded member enterprises can help the member enterprises with capital constraints to alleviate the financial problems by the way of early payment or deferred payment. Compared with external financing by banks, internal financing of supply chain members does not require additional fixed assets as collateral, and enterprises in the supply chain as a party to provide financing have a better understanding of the production costs and market requirements of financing enterprises. Credibility and other aspects of information, financing risk better control. In this paper, from the point of view of financing in the supply chain, we study the problem that the suppliers with capital constraints design a certain discount of reservation price, so as to attract retailers to order some products in advance and pay for the goods in advance, so as to alleviate the pressure of their own capital. The main contents of this paper include the following three aspects: (1) introduce the theoretical basis of supply chain financing transaction credit theory, analyze the supply chain internal and external financing mode, summarize the advantages of supply chain internal financing. On the basis of analyzing the existing literature on supply chain financing, we find the breakthrough point of this paper. (2) analyze the financing mode of retailer's advance payment for a single supplier. This paper studies the optimal early payment decision of retailers and the optimal production decision of suppliers under different price discounts, and further analyses the optimal amount of early payment and optimal production under certain price discounts and different funding levels of suppliers. And the impact of different funding levels of suppliers on the overall performance of the supply chain. (3) considering the situation of multiple suppliers, that is, suppliers with financial constraints have alternative competitors, Under different price discounts and different funding levels, the retailer's optimal early payment decision and the supplier's optimal production decision are compared with the single supplier's optimal decision. The influence of substitute competitors on internal financing of supply chain is analyzed. Finally, the rationality and feasibility of the above conclusions are verified by enterprise application analysis, which provides a reference for SME financing.
【学位授予单位】：东北大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F274;F275
[Abstract]:Capital constraints will affect the profitability and competitiveness of supply chain member enterprises and systems. As an effective means to alleviate the financial pressure of supply chain members, the internal financing of supply chain members has been widely used in practice. Through the internal financing of supply chain members, the well-funded member enterprises can help the member enterprises with capital constraints to alleviate the financial problems by the way of early payment or deferred payment. Compared with external financing by banks, internal financing of supply chain members does not require additional fixed assets as collateral, and enterprises in the supply chain as a party to provide financing have a better understanding of the production costs and market requirements of financing enterprises. Credibility and other aspects of information, financing risk better control. In this paper, from the point of view of financing in the supply chain, we study the problem that the suppliers with capital constraints design a certain discount of reservation price, so as to attract retailers to order some products in advance and pay for the goods in advance, so as to alleviate the pressure of their own capital. The main contents of this paper include the following three aspects: (1) introduce the theoretical basis of supply chain financing transaction credit theory, analyze the supply chain internal and external financing mode, summarize the advantages of supply chain internal financing. On the basis of analyzing the existing literature on supply chain financing, we find the breakthrough point of this paper. (2) analyze the financing mode of retailer's advance payment for a single supplier. This paper studies the optimal early payment decision of retailers and the optimal production decision of suppliers under different price discounts, and further analyses the optimal amount of early payment and optimal production under certain price discounts and different funding levels of suppliers. And the impact of different funding levels of suppliers on the overall performance of the supply chain. (3) considering the situation of multiple suppliers, that is, suppliers with financial constraints have alternative competitors, Under different price discounts and different funding levels, the retailer's optimal early payment decision and the supplier's optimal production decision are compared with the single supplier's optimal decision. The influence of substitute competitors on internal financing of supply chain is analyzed. Finally, the rationality and feasibility of the above conclusions are verified by enterprise application analysis, which provides a reference for SME financing.
【学位授予单位】：东北大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F274;F275
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