發(fā)布時(shí)間：2018-08-04 20:29

【摘要】：供應(yīng)鏈金融的出現(xiàn)在一定程度上緩解了中小企業(yè)融資難的狀況，尤其是近年來(lái)相關(guān)理論、實(shí)踐以及配套服務(wù)設(shè)施的發(fā)展，，使得供應(yīng)鏈金融的作用逐漸凸顯，在實(shí)現(xiàn)供應(yīng)鏈多方共贏的目標(biāo)中發(fā)揮著重要作用。利率市場(chǎng)化的趨勢(shì)下，開(kāi)展供應(yīng)鏈金融業(yè)務(wù)時(shí)面對(duì)貸款企業(yè)提供的信息，銀行采信的信息是利率決策的主要依據(jù)，該利率決策會(huì)對(duì)貸款企業(yè)以及整條供應(yīng)鏈的運(yùn)營(yíng)產(chǎn)生一定的影響。所以采信信息與銀行貸款利率制定之間的關(guān)系以及相應(yīng)決策對(duì)借款企業(yè)所在供應(yīng)鏈的影響的探討具有重要意義。 考慮利率市場(chǎng)化背景下，本文嘗試針對(duì)廣義供應(yīng)鏈金融中銀行對(duì)供應(yīng)鏈下游零售商融資方案中短期流動(dòng)資金貸款模式進(jìn)行量化決策研究，運(yùn)用Stackelberg博弈理論、魯棒報(bào)童方法、極大極小方法以及極小極大后悔方法探索利率市場(chǎng)化背景下采信不同信息時(shí)銀行的相關(guān)決策以及該決策對(duì)企業(yè)以及供應(yīng)鏈的影響。首先，對(duì)國(guó)內(nèi)外供應(yīng)鏈金融的研究現(xiàn)狀進(jìn)行了系統(tǒng)的歸納總結(jié)，以文獻(xiàn)評(píng)述的方式給出目前理論與實(shí)踐操作的差距。在此基礎(chǔ)上，依據(jù)具體的運(yùn)作模式抽象出關(guān)鍵運(yùn)營(yíng)步驟和決策因素進(jìn)行建模分析，并運(yùn)用數(shù)值模擬對(duì)問(wèn)題進(jìn)行驗(yàn)證和探討，包括第三章和第四章。第三章構(gòu)建銀行參與的由供應(yīng)商和零售商組成二級(jí)供應(yīng)鏈模型，刻畫了零售商存在資金貨款需求的供應(yīng)鏈金融情景。針對(duì)銀行采信零售商提供的全部信息或部分信息情況（需求的均值和方差），運(yùn)用Stackelberg博弈理論以及魯棒的報(bào)童方法和極大極小方法分別獲得了銀行的最優(yōu)利率決策和零售商的最優(yōu)訂貨量決策，并將兩種情形下的決策對(duì)供應(yīng)鏈運(yùn)營(yíng)所造成的影響進(jìn)行對(duì)比分析。第四章提供了一個(gè)利率市場(chǎng)化對(duì)供應(yīng)鏈影響的極小極大魯棒后悔模型，構(gòu)建了銀行參與的由供應(yīng)商和零售商組成的二級(jí)供應(yīng)鏈，對(duì)比分析了銀行采用零售商提供的需求部分（需求的上下界信息）或者全部隨機(jī)信息的利率最優(yōu)策略，進(jìn)而刻畫了最優(yōu)利率決策對(duì)供應(yīng)鏈運(yùn)營(yíng)所造成的影響。最后對(duì)全文研究?jī)?nèi)容和結(jié)論進(jìn)行了總結(jié)，并提出了未來(lái)可能的研究方向。 供應(yīng)鏈金融在實(shí)際運(yùn)營(yíng)中面臨諸多問(wèn)題，考慮利率市場(chǎng)化背景下，從供應(yīng)鏈的視角出發(fā)，獲得了銀行采信不同信息時(shí)的最優(yōu)利率決策及其對(duì)供應(yīng)鏈運(yùn)營(yíng)所造成的影響，發(fā)現(xiàn)了銀行采信信息與利率決策之間的某些關(guān)系，同時(shí)對(duì)該決策下供應(yīng)鏈參與主體之間的相互作用有了一定的認(rèn)識(shí)，發(fā)現(xiàn)了該情景下供應(yīng)鏈中存在可能的增值空間。為以后供應(yīng)鏈金融中參與主體的決策提供了參考和管理啟示。
[Abstract]:The emergence of supply chain finance to a certain extent alleviates the financing difficulties of small and medium-sized enterprises, especially the development of related theory, practice and supporting service facilities in recent years, which makes the role of supply chain finance gradually prominent. It plays an important role in realizing the goal of multi-win in supply chain. Under the trend of interest rate marketization, when developing the supply chain financial business, the information provided by loan enterprises is the main basis of interest rate decision. The interest rate decision will have a certain impact on the operation of loan companies and the entire supply chain. Therefore, it is of great significance to discuss the relationship between credit information and bank loan interest rate setting, as well as the influence of the corresponding decision on the supply chain in which the borrowing enterprises are located. Under the background of interest rate marketization, this paper attempts to make a quantitative decision on the loan mode of short-term liquidity in the financing scheme of the downstream retailer in the supply chain, using Stackelberg game theory and robust newsboy method. The Maxima method and the Minimax regret method explore the bank's decision and its influence on the enterprise and the supply chain under the background of interest rate marketization. Firstly, the research status of supply chain finance at home and abroad is summarized systematically, and the gap between theory and practice is given in the way of literature review. On this basis, the key operation steps and decision factors are abstracted and analyzed according to the specific operation mode, and the numerical simulation is used to verify and discuss the problem, including the third and fourth chapters. In the third chapter, a two-level supply chain model composed of suppliers and retailers is constructed, which depicts the supply chain finance scenario in which the retailer has the demand for funds. In view of all or part of the information (mean and variance of demand) provided by the retailer, the optimal interest rate decision of the bank is obtained by using the Stackelberg game theory, the robust newsboy method and the minimax method, respectively. And the retailer's optimal order volume decision, The effects of decision-making on supply chain operation are compared and analyzed. Chapter 4 provides a minimal robust regret model of the impact of interest rate marketization on supply chain, and constructs a two-level supply chain composed of suppliers and retailers, in which banks participate. This paper compares and analyzes the optimal interest rate strategy of the bank using the demand part (the upper and lower boundary information of the demand) or all the random information provided by the retailer, and then describes the influence of the optimal interest rate decision on the operation of the supply chain. Finally, the research contents and conclusions are summarized, and the possible research directions in the future are put forward. Supply chain finance is faced with many problems in practical operation. Considering the background of interest rate marketization and from the perspective of supply chain, this paper obtains the optimal interest rate decision and its influence on supply chain operation when banks adopt different information. Some relationships between bank credit information and interest rate decision are found. At the same time, there is a certain understanding of the interaction between the participants in the supply chain under the decision, and the possible value-added space in the supply chain under this scenario is found. It provides a reference and management inspiration for the decision of the participants in the supply chain finance.
【學(xué)位授予單位】：重慶大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F276.3;F275;F832.4;F224.32

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本文編號(hào)：2165047