基于资金时间价值的供应链契约替代性研究  

On Substitutability of Supply Chain Contract based on Time Value of Capital

作　　者：蹇明[1] 魏菲[1] 宗涵[1] 

机构地区：[1]西南交通大学交通运输与物流学院,成都610031

出　　处：《商业研究》2013年第12期159-164,共6页Commercial Research

基　　金：国家社会科学基金项目;项目编号:10CGL013;四川省科技规划项目项目编号:2009ZR0069;成都市科技计划项目;项目编号:10RKYB092ZF;中央高校基本科研业务费资助项目

摘　　要：因资金具有时间价值,供应链中资金流动的时点和大小会对供应链成员的收益产生影响,协调供应链的契约在理论上存在替代性。通过建立基于资金时间价值的回购契约和收益共享契约模型,本文分析资金时间价值对回购契约和收益共享契约相互替代性的影响。研究表明:对于供应链整体,在考虑资金时间价值时要使得回购契约和收益共享契约能够相互替代,需同时提高回购价格和零售商的分享比例;对于供应商而言,只需提高回购价格即可实现回购契约和收益贡献契约的相互替代;对于零售商而言,降低其收益分享比例即可实现回购契约和收益贡献契约的相互替代。Due to time value of capital, supply chain members＇ revenue is affected by the time point and magnitude of capital flow. There are many contracts to coordinate the supply chain, and these contracts exist substitutability in theory. Through establishing the huyback contract and revenue - sharing contracts models considering time value of capital, the paper analyzes the influence of time value of capital on substitutability of buyback contract and revenue - sharing contracts. The results are shown as follows： when considering time value of capital, the buyback price and retailers＇ sharing proportion should be elevated to realize the substitutability of buyback contract and revenue - sharing contracts for the whole supply chain; for the suppliers, only by elevating buyback price, can they achieve the same effect; and for the retailers, decreasing revenue - sharing proportion can also realize the substitutability of two contracts.

关 键 词：回购契约 收益共享契约 契约的替代性 资金时间价值 

分 类 号：F274[经济管理—企业管理]