风险规避下基于有追索权保理的供应链协调策略  

Supply chain coordination strategy based on recourse factoring under risk avoidance

作　　者：李正波 何娟[1,2,3] 董青 陈家慧 LI Zheng-bo;HE Juan;DONG Qing;CHEN Jia-hui(School of Transportation and Logistics,Southwest Jiaotong University,Chengdu 611756,China;Institute For Supply Chain Finance Studies,Chengdu 610031,China;National United Engineering Laboratory of Integrated and Intelligent Transportation,Chengdu 611756,China)

机构地区：[1]西南交通大学,交通运输与物流学院,成都611756 [2]供应链金融大数据应用技术研究院,成都610031 [3]综合交通运输智能化国家地方联合工程实验室,成都611756

出　　处：《交通运输工程与信息学报》2022年第4期147-160,共14页Journal of Transportation Engineering and Information

基　　金：国家自然科学基金资助项目(71273214/G0302、71873111);教育部人文社会科学基金资助项目(18YJAZH024)。

摘　　要：本研究聚焦风险规避下的供应商和银行对零售商主导型供应链的影响,构建了CVaR风险度量模型及有追索权保理融资下的供应链决策模型,探讨不同风险规避程度下零售商主导型供应链分散式和集中式的运营决策与融资决策,并从风险分担契约和收益共享契约两个方面讨论其对风险规避型供应链的协调问题。研究表明:供应商和银行的风险规避系数均会影响供应商的生产量决策,风险规避的银行可以借助CVaR准则制定利率,平衡其收益和风险;同时契约的引入能够改进供应链绩效,实现收益分配。This study examines the influence of suppliers and banks under risk aversion on the retailer-dominated supply chain,and establishes models of CVaR risk measurement and supply chain decision-making under recourse factoring financing.The study investigates the decentralized and centralized operational and financing decisions of the retailer-dominated supply chainunder various levels of risk aversion,and examines the coordination of the risk-averse supply chain in terms of both risk andrevenue sharing contracts.The results show that the risk-aversion coefficient of both suppliers and banks affect suppliers’production volume decisions.Moreover,risk-averse banks use the CVaR criterion to set interest rates and balance their benefits and risks.The findings indicate that introducing contracts can improve supply chain performance and benefit distribution.

关 键 词：供应链协调 有追索权保理 CVAR 零售商主导型供应链 

分 类 号：F274[经济管理—企业管理]