供应链内部企业融资契约研究

发布时间：2018-11-11 21:55

【摘要】：随着科技日新月异的发展和各行各业的市场竞争日趋激烈,供应链节点企业数量越来越多,各个节点企业之间的关系变得也越来越复杂,不仅仅存在着相互竞争的关系,更多的是节点企业为了实现所在供应链共同的利益而相互合作。以往的供应链各个节点企业间的关系逐渐得到深化,企业之间的竞争几乎被供应链之间的竞争所取代。而供应链的中小型企业融资困难的问题非常突出,会直接导致其所在供应链竞争力的降低,因此如何改进供应链内部融资的模式,在使得供应链在获得最大收益时能够加强其各个节点企业之间合作的问题值得学者们的研究。本文在总结以往的相关研究的基础上,研究了当供应链中的核心企业对中小型企业进行投资时,供应链作为一个整体如何去做集中决策获得最大的利润,并且分别从供应商主导和零售商主导两个角度去探讨供应链内部的协调问题。传统的产品需求函数仅与产品价格相关,在本文中由于投资会提高该供应链的核心竞争力和改善消费者的产品体验,所以将投资金额的多少作为一个重要决策变量加入到产品需求函数中去。本文首先探讨了供应链在内部直接融资情况下,如何去做集中决策使得自身的利益最大化,求解得到了此时的最优产品价格和最优投资决策金额；其次考虑了在供应商主导时的供应链内部利益分配问题,在追求分散决策下的供应链总利润等于集中决策下的供应链最大利润情况下,发现当用传统的股权法去分红与供应链最佳集中决策策略相悖,所以将转移支付加入该供应链协调过程中去,将利润进行合理地分配；最后对零售商主导的供应链批发价格契约进行了改进,加入转移支付,这样既保证了整个供应链能够获得最大的利润,又保证了两个参与者有讨价还价的空间来获得他们满意的利润。与以往的研究不同之处在本文考虑的供应链融资并不是传统的应收账款、未来贷权等融资模式,而是供应链内部资金充足的核心企业投资给中小型企业,通过转移支付强化了收益分配的平衡性,使供应链系统协同更加高效的发展。
[Abstract]:With the rapid development of science and technology and the increasingly fierce market competition in various industries, the number of supply chain node enterprises becomes more and more, and the relationship between each node enterprise becomes more and more complex. More node enterprises cooperate with each other in order to realize the common interests of their supply chain. In the past, the relationship between each node of the supply chain was gradually deepened, and the competition between the enterprises was almost replaced by the competition between the supply chain. The financing difficulty of the small and medium-sized enterprises in the supply chain is very prominent, which will directly lead to the reduction of the competitiveness of the supply chain, so how to improve the financing mode within the supply chain, The problem that the supply chain can enhance the cooperation between its node enterprises in order to obtain the maximum profit is worth the research of scholars. On the basis of summarizing the previous research, this paper studies how the supply chain as a whole can make the most profit when the core enterprises in the supply chain invest in the small and medium-sized enterprises. And from the point of view of supplier-led and retailer-led, this paper discusses the problem of coordination in supply chain. The traditional product demand function is only related to the product price. In this paper, the investment will improve the core competitiveness of the supply chain and improve the consumer's product experience. Therefore, the amount of investment as an important decision variable into the product demand function. This paper first discusses how to make centralized decision to maximize the benefit of supply chain in the case of internal direct financing, and get the optimal product price and the optimal investment decision amount. Secondly, considering the problem of profit distribution in the supply chain when the supplier is leading, when the total profit of the supply chain under the decentralized decision is equal to the maximum profit of the supply chain under the centralized decision, It is found that the traditional equity method is contrary to the optimal centralized decision strategy of the supply chain, so the transfer payment is added to the coordination process of the supply chain and the profit is allocated reasonably. Finally, the retailer led supply chain wholesale price contract is improved, and transfer payment is added to ensure the maximum profit of the whole supply chain. Two participants were also guaranteed room to bargain for a satisfactory profit. Different from the previous research, the supply chain financing is not the traditional financing mode, such as accounts receivable, future credit rights, but the core enterprises which have sufficient funds in the supply chain to invest in small and medium-sized enterprises. Transfer payment strengthens the balance of income distribution and makes the supply chain system develop more efficiently.
【学位授予单位】：合肥工业大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F274;F275

【相似文献】