预付账款类供应链金融产品比较研究——基于系统动力学方法  

Comparative Study on Prepayment Supply Chain Financing Products——Based on System Dynamics

作　　者：兰庆高[1] 王婷睿[1,2] 

机构地区：[1]沈阳农业大学经济管理学院,辽宁沈阳110866 [2]大连民族学院经济管理学院,辽宁大连116600

出　　处：《技术经济与管理研究》2014年第9期72-77,共6页Journal of Technical Economics & Management

基　　金：中央高校基本科研业务费专项资金资助项目(DC110405)

摘　　要：文章基于系统动力学方法,在分析先票后货标准授信和保兑仓融资两种预付账款类供应链金融产品业务流程的基础上,构建两种供应链金融产品的系统动力学模型,探讨供应链金融实施的动态特性。在对模型的仿真研究中,通过考察供应链各节点企业的库存水平、库存波动情况、产品缺货量变化以及现金量变化情况,分析两种供应链金融产品的实施效果及其对供应链绩效的影响,并通过对比分析总结两者的差异。根据仿真得到的图形结果和相关统计数据,结果表明:两种融资方式都可以有效地解决分销商的资金短缺问题,但从对供应链绩效影响上看,供应链金融的实施还改善了供应链各节点企业的库存水平,两种预付款类供应链金融产品的差异主要体现在分销商库存维持成本及对核心企业库存水平的影响上,保兑仓融资更有利于降低分销商的库存成本,同时减少核心企业的库存水平。Based on system dynamics method and analyzing the operating process of standard credit of delivery after invoice and confirming storage financing, this article creates system dynamics model of two kinds of supply chain finance products and researches the dynamics characteristics of supply chain finance products. During the simulation research, it analyzes the results of implementation of supply chain finance and the effects on supply chain performance by looking at inventory level, stock volatility, products out of stock and changes in cash. According to simulation results of graph and statistical dates, it shows that ： both of financing way can solve the problem of the capital shortage, but from the point of the supply chain performance, supply chain finance improved the inventory level of joint enterprise of supply chain. The difference of two kinds of supply chain finance products mainly reflected in the holding cost of distributor and the effect on the level of inventory of the core enterprise. Confirming warehouse financing is more advantageous to save the inventory cost of the distributor and reduce the inventory level of core enterprise.

关 键 词：供应链金融 保兑仓融资 金融产品 预付账款 

分 类 号：F830[经济管理—金融学]