区块链环境下基于商业信用融资模式的供应链运营决策研究  

Supply chain operation decision based on commercial credit financing mode in blockchain environment

作　　者：王道平[1] 朱梦影 董汉玺 WANG Daoping;ZHU Mengying;DONG Hanxi(School of Economics and Management,University of Science and Technology Beijing,Beijing 100083,China)

机构地区：[1]北京科技大学经济管理学院,北京100083

出　　处：《管理工程学报》2025年第1期243-255,共13页Journal of Industrial Engineering and Engineering Management

基　　金：国家自然科学基金项目(71871017)。

摘　　要：应用区块链可以解决现有商业信用融资模式中存在的交货期过长、产品真实性难以保证和零售商不按时还款等问题。本文构建了应用区块链与未应用区块链的两种商业信用融资模式,运用Stackelberg博弈求解两种模式下供应链的最优批发价和零售价决策,研究未应用区块链时产品为真的概率、零售商期末按时支付剩余款项的概率、零售商违约对供应商造成的损失比例、应用区块链的单位运营成本和应用区块链后的交货期等因素对供应链运营决策和成员期望利润的影响,分析应用区块链后商业信用融资的价值。研究表明:当引入区块链缩短交货期、确保产品为真等功能带来的益处大于一定程度时,零售价和批发价高于传统模式;若零售商违约的可能性非常低,或者即使零售商违约,供应商的损失也不大,则传统模式下的批发价和零售价更高。若区块链运营成本小于零售商愿意支付的阈值,选择应用区块链对供应链所有企业而言均有利;而若区块链运营成本大于供应商愿意支付的阈值,供应链中任何企业均不会因应用区块链而受益。Commercial credit financing is a short-term financing service offered by upstream core corporations to downstream capitalconstrained SMEs,mainly in the form that allows deferred loan payments.However,in reality,there are a number of issues.For instance,because supply chain enterprises′ business and operational processes are intertwined,it is very likely that a default by one party will have an impact on the entire supply chain.Blockchain,a relatively new technology,has the potential to address some pressing issues in the commercial credit finance mode,including long delivery period,challenges in ensuring the authenticity of goods,and retailers′ tardy repayment of outstanding debts.Although the application of blockchain for supply chain financing has been investigated in the past,the majority of the pertinent literature has concentrated on theoretical analyses of blockchain applications and the development of blockchain-based supply chain financing models using game theory,particularly the external financing mode involving banks.On the other hand,little research has been done on how the commercial credit financing mode using the blockchain affects operational decisions and business earnings.The operational strategies of the blockchain-based commercial credit financing mode,a typical internal financing mode,are therefore investigated in this paper.In the first and second parts of this work,two commercial credit financing modes with and without blockchain are constructed,taking into account that supply chain enterprises must pay blockchain operation costs when using blockchain.The main research method,Stackelberg games,is applied to solve the optimal pricing decisions of the supply chain members under the two modes.Investigated are the effects of variables such as the likelihood that a product is authentic without blockchain,the likelihood that a retailer will repay the remaining loans on time,the percentage of the supplier′s loss due to the retailer′s default,the unit operating cost of applying blockchain,a

关 键 词：区块链 商业信用融资 运营成本 定价 

分 类 号：F270[经济管理—企业管理]