考虑零售商风险偏好和资金约束的供应链最优决策和协调策略  

Research on Optimal Decision and Coordination Strategy of Supply Chain with Retailer’s Risk Preference and Capital Constraints

作　　者：吴旺延 陈胜利 WU Wang-yan;CHEN Sheng-li(Xi'an University of Finance&Economics,Xi'an 710100,China)

机构地区：[1]西安财经大学

出　　处：《统计与信息论坛》2019年第11期82-90,共9页Journal of Statistics and Information

基　　金：陕西省社会科学基金项目《突发事件下闭环供应链契约协调机制研究》(2016R013);陕西省社会科学基金项目《陕西省智能制造调查与发展对策研究》(2017D002);国家社会科学基金项目《绿色金融驱动的互联网供应链产品服务能力统计测度与创新路径研究》(19BTJ056)

摘　　要：以混合条件风险值为风险度量准则,且受资金约束的零售商和风险中性的供应商所构成的二级供应链系统,分别研究延期支付和信贷融资两种模式下零售商的最优订购量、供应商的最优批发价以及供应链系统的批发价格信用契约协调策略。研究结果表明:在两种融资模式下零售商的最优订购量和最大混合条件风险值均是风险偏好系数的增函数,零售商在延期支付融资模式下所获得的混合条件风险值大于信贷融资模式下所获得的混合条件风险值;不管资金约束零售商的风险偏好系数如何,在延期支付融资模式下批发价格信用契约均不能实现供应链协调,而在信贷融资模式下批发价格信用契约均能够实现供应链协调。Based on a two-level supply chain system consisting of retailers with mixed conditional risk value as the measure criterion and capital constraints and risk-neutral suppliers,the optimal order quantity of retailers,the optimal wholesale price of suppliers and the coordination strategy of wholesale price credit contract in supply chain under two modes of delay and credit financing are studied respectively.The results show that the optimal order quantity and the maximum mixed conditional risk value of retailers under the two financing modes are both increasing functions of the risk preference coefficient.The mixed conditional risk value of retailers under delayed financing mode is larger than that under credit financing mode.Whatever the risk preference coefficient of capital-constrained retailers,wholesale price credit contracts can not coordinate supply chain under delayed financing mode,while wholesale price credit contracts can coordinate supply chain under credit financing mode.

关 键 词：风险偏好 资金约束 延期支付 信贷融资 

分 类 号：C93[经济管理—管理学]