| Issue |
MATEC Web Conf.
Volume 139, 2017
2017 3rd International Conference on Mechanical, Electronic and Information Technology Engineering (ICMITE 2017)
|
|
|---|---|---|
| Article Number | 00062 | |
| Number of page(s) | 12 | |
| DOI | https://doi.org/10.1051/matecconf/201713900062 | |
| Published online | 05 December 2017 | |
The optimal financing mode in a three-stage supply chain under capital constraint of retailers
1 School of Managemant, Shanghai University, Shanghai, 200444, P.R. China
2 School of Managemant, Shanghai University, Shanghai, 200444, P.R. China
In real life, there is a problem of capital fracture in some enterprises especially small and medium enterprises in the upstream and downstream of the supply chain. In order to research how retailers choose the optimal financing mode, this paper analyzes the double channel and three- stage supply chain under capital constraint of retailers, uses multi-objective nonlinear programming method, constructs the delayed payment financing model and the loan financing model respectively and gives the optimal decentralized decisions of suppliers, manufacturers and retailers under the two modes. The research shows that under the coexistence of the delayed payment financing model and the loan financing model, when the delayed payment rate is equal to the lending rate, if the retailers choose the delayed payment model, then it can not only increase the profits but also improve the market competitiveness and expand the market. This provides certain theory and numerical reference basis for retailers to choose a financing model.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
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