部分信息可信下贷款利率与运作决策的供应链分析
发布时间：2018-08-04 20:29
【摘要】：供应链金融的出现在一定程度上缓解了中小企业融资难的状况，尤其是近年来相关理论、实践以及配套服务设施的发展，，使得供应链金融的作用逐渐凸显，在实现供应链多方共赢的目标中发挥着重要作用。利率市场化的趋势下，开展供应链金融业务时面对贷款企业提供的信息，银行采信的信息是利率决策的主要依据，该利率决策会对贷款企业以及整条供应链的运营产生一定的影响。所以采信信息与银行贷款利率制定之间的关系以及相应决策对借款企业所在供应链的影响的探讨具有重要意义。 考虑利率市场化背景下，本文尝试针对广义供应链金融中银行对供应链下游零售商融资方案中短期流动资金贷款模式进行量化决策研究，运用Stackelberg博弈理论、鲁棒报童方法、极大极小方法以及极小极大后悔方法探索利率市场化背景下采信不同信息时银行的相关决策以及该决策对企业以及供应链的影响。首先，对国内外供应链金融的研究现状进行了系统的归纳总结，以文献评述的方式给出目前理论与实践操作的差距。在此基础上，依据具体的运作模式抽象出关键运营步骤和决策因素进行建模分析，并运用数值模拟对问题进行验证和探讨，包括第三章和第四章。第三章构建银行参与的由供应商和零售商组成二级供应链模型，刻画了零售商存在资金货款需求的供应链金融情景。针对银行采信零售商提供的全部信息或部分信息情况（需求的均值和方差），运用Stackelberg博弈理论以及鲁棒的报童方法和极大极小方法分别获得了银行的最优利率决策和零售商的最优订货量决策，并将两种情形下的决策对供应链运营所造成的影响进行对比分析。第四章提供了一个利率市场化对供应链影响的极小极大鲁棒后悔模型，构建了银行参与的由供应商和零售商组成的二级供应链，对比分析了银行采用零售商提供的需求部分（需求的上下界信息）或者全部随机信息的利率最优策略，进而刻画了最优利率决策对供应链运营所造成的影响。最后对全文研究内容和结论进行了总结，并提出了未来可能的研究方向。 供应链金融在实际运营中面临诸多问题，考虑利率市场化背景下，从供应链的视角出发，获得了银行采信不同信息时的最优利率决策及其对供应链运营所造成的影响，发现了银行采信信息与利率决策之间的某些关系，同时对该决策下供应链参与主体之间的相互作用有了一定的认识，发现了该情景下供应链中存在可能的增值空间。为以后供应链金融中参与主体的决策提供了参考和管理启示。
[Abstract]:The emergence of supply chain finance to a certain extent alleviates the financing difficulties of small and medium-sized enterprises, especially the development of related theory, practice and supporting service facilities in recent years, which makes the role of supply chain finance gradually prominent. It plays an important role in realizing the goal of multi-win in supply chain. Under the trend of interest rate marketization, when developing the supply chain financial business, the information provided by loan enterprises is the main basis of interest rate decision. The interest rate decision will have a certain impact on the operation of loan companies and the entire supply chain. Therefore, it is of great significance to discuss the relationship between credit information and bank loan interest rate setting, as well as the influence of the corresponding decision on the supply chain in which the borrowing enterprises are located. Under the background of interest rate marketization, this paper attempts to make a quantitative decision on the loan mode of short-term liquidity in the financing scheme of the downstream retailer in the supply chain, using Stackelberg game theory and robust newsboy method. The Maxima method and the Minimax regret method explore the bank's decision and its influence on the enterprise and the supply chain under the background of interest rate marketization. Firstly, the research status of supply chain finance at home and abroad is summarized systematically, and the gap between theory and practice is given in the way of literature review. On this basis, the key operation steps and decision factors are abstracted and analyzed according to the specific operation mode, and the numerical simulation is used to verify and discuss the problem, including the third and fourth chapters. In the third chapter, a two-level supply chain model composed of suppliers and retailers is constructed, which depicts the supply chain finance scenario in which the retailer has the demand for funds. In view of all or part of the information (mean and variance of demand) provided by the retailer, the optimal interest rate decision of the bank is obtained by using the Stackelberg game theory, the robust newsboy method and the minimax method, respectively. And the retailer's optimal order volume decision, The effects of decision-making on supply chain operation are compared and analyzed. Chapter 4 provides a minimal robust regret model of the impact of interest rate marketization on supply chain, and constructs a two-level supply chain composed of suppliers and retailers, in which banks participate. This paper compares and analyzes the optimal interest rate strategy of the bank using the demand part (the upper and lower boundary information of the demand) or all the random information provided by the retailer, and then describes the influence of the optimal interest rate decision on the operation of the supply chain. Finally, the research contents and conclusions are summarized, and the possible research directions in the future are put forward. Supply chain finance is faced with many problems in practical operation. Considering the background of interest rate marketization and from the perspective of supply chain, this paper obtains the optimal interest rate decision and its influence on supply chain operation when banks adopt different information. Some relationships between bank credit information and interest rate decision are found. At the same time, there is a certain understanding of the interaction between the participants in the supply chain under the decision, and the possible value-added space in the supply chain under this scenario is found. It provides a reference and management inspiration for the decision of the participants in the supply chain finance.
【学位授予单位】：重庆大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F276.3;F275;F832.4;F224.32
[Abstract]:The emergence of supply chain finance to a certain extent alleviates the financing difficulties of small and medium-sized enterprises, especially the development of related theory, practice and supporting service facilities in recent years, which makes the role of supply chain finance gradually prominent. It plays an important role in realizing the goal of multi-win in supply chain. Under the trend of interest rate marketization, when developing the supply chain financial business, the information provided by loan enterprises is the main basis of interest rate decision. The interest rate decision will have a certain impact on the operation of loan companies and the entire supply chain. Therefore, it is of great significance to discuss the relationship between credit information and bank loan interest rate setting, as well as the influence of the corresponding decision on the supply chain in which the borrowing enterprises are located. Under the background of interest rate marketization, this paper attempts to make a quantitative decision on the loan mode of short-term liquidity in the financing scheme of the downstream retailer in the supply chain, using Stackelberg game theory and robust newsboy method. The Maxima method and the Minimax regret method explore the bank's decision and its influence on the enterprise and the supply chain under the background of interest rate marketization. Firstly, the research status of supply chain finance at home and abroad is summarized systematically, and the gap between theory and practice is given in the way of literature review. On this basis, the key operation steps and decision factors are abstracted and analyzed according to the specific operation mode, and the numerical simulation is used to verify and discuss the problem, including the third and fourth chapters. In the third chapter, a two-level supply chain model composed of suppliers and retailers is constructed, which depicts the supply chain finance scenario in which the retailer has the demand for funds. In view of all or part of the information (mean and variance of demand) provided by the retailer, the optimal interest rate decision of the bank is obtained by using the Stackelberg game theory, the robust newsboy method and the minimax method, respectively. And the retailer's optimal order volume decision, The effects of decision-making on supply chain operation are compared and analyzed. Chapter 4 provides a minimal robust regret model of the impact of interest rate marketization on supply chain, and constructs a two-level supply chain composed of suppliers and retailers, in which banks participate. This paper compares and analyzes the optimal interest rate strategy of the bank using the demand part (the upper and lower boundary information of the demand) or all the random information provided by the retailer, and then describes the influence of the optimal interest rate decision on the operation of the supply chain. Finally, the research contents and conclusions are summarized, and the possible research directions in the future are put forward. Supply chain finance is faced with many problems in practical operation. Considering the background of interest rate marketization and from the perspective of supply chain, this paper obtains the optimal interest rate decision and its influence on supply chain operation when banks adopt different information. Some relationships between bank credit information and interest rate decision are found. At the same time, there is a certain understanding of the interaction between the participants in the supply chain under the decision, and the possible value-added space in the supply chain under this scenario is found. It provides a reference and management inspiration for the decision of the participants in the supply chain finance.
【学位授予单位】：重庆大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F276.3;F275;F832.4;F224.32
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