论文部分内容阅读
供应链金融是金融业面向供应链的创新服务。考虑单一供应商和单一零售商构成的二级供应链,产品市场为典型的报童模型,零售商以其与制造商签订的产品采购合同向银行申请抵押贷款。将供应链上下游企业的决策引入银行基于下侧风险控制模式的贷款价值比决策模型,刻画供应链的决策对采购合同抵押价值的影响。首先确定了贷款价值比的解析式,然后讨论了其与批发价格、回购率等供应链决策的关系,并确定了相应的取值区间。
Supply Chain Finance is an innovative service for the supply chain in the financial industry. Considering a two-level supply chain consisting of a single supplier and a single retailer, the product market is a typical newsboy model, with retailers applying for a mortgage from a bank for a product purchase contract with the manufacturer. The decision-making of the upstream and downstream firms in the supply chain is introduced into the bank’s loan-to-value ratio decision model based on the downside risk control model to characterize the impact of the supply chain decision on the value of the mortgage contract in the procurement contract. Firstly, the analytical formula of the loan value ratio is determined, and then the relationship between the loan value ratio and the supply chain decision such as the wholesale price and the repo rate is discussed, and the corresponding interval of value is determined.