The Stochastic Equilibrium And Optimization Models Of SCN After Enterprises’ Horizontal M&A

Although the M&A is becoming a main subject for a soaring-ambitionenterprise, there are many M&A activities turning out to fail. This is mainly because:1. In practice, the firms containing in a M&A focus more on the negotiations andtrade than the integration and resources reorganization after the M&A which play acrucial role for obtaining the M&A synergies;2. From a theoretical standpoint,there are little research delving into the M&A. Therefore the lack of the M&Atheory makes it difficult to obtain the M&A synergy. Especially in the face of thefierce competition of the world nowadays, how to obtain the M&A synergies by theoperations and integrations of the supply chain, has becomes a most difficultproblem. So, horizontal M&A has become an important content of the moderneconomic life, and how to obtain the M&A synergy by the optimal operations of thesupply chain has become the mainstream of the study of scholars. Therefore, it isvaluable to study the optimal operations of the supply chain after the horizontalM&A.Based on the above ideas, in our dissertation, from the angle of supply chainmanagement after horizontal M&A, in order to obtain the synergy effect after M&A,we focus on the game analysis between supply chain before the horizontal M&A,analyze the characteristics of the supply chain network after the horizontal M&A,present the essence and the agent of the horizontal M&A and give the optimaloperations of the supply chain network after the horizontal M&A. There are mainlyincluded three fold: The optimal strategies for the stakeholders in the supply chainnetwork with only one homogeneous product are derived by using the stochasticequilibrium. First, the manufacturers decide the price and production; After this, tomaximize their profit, the retailers make the rational price according to the decisionof the manufacturers; Then finally, the consumers decide the corresponding retailersto obtain the product by their transportation costs and the price in the retailers.After comparing horizontal mergers and vertical mergers motivation andfeatures based on the advantages of horizontal mergers and acquisitions refined,clear horizontal merger resource leveling characteristics, theoretical analysis theconnotation and synergies of the supply chain network, stochastic game starting tobuild the random equilibrium model of the SCN, a prerequisite random gameequilibrium are analyzed in detail. Random equilibrium model, the interior pointmethod and quasi-Monte Carlo combining proposed a new class of algorithms forsolving this article of the proposed algorithm not only give a global convergenceproof of the new method, but also on new The method for the numerical experiments.The SCN horizontal merger of enterprises (assumed to contain the optimaloperation of the productive resources and marketing resources) integration analysis,taking into account the horizontal merger, without loss of generality, all the chaptersof the paper is to consider only a commodity participate in the circulation of thesupply chain situation. First of all, the essence of the horizontal merger of the SCNcharacteristics and horizontal mergers and acquisitions and move due to carry outthe analysis; Secondly, the use of systems analysis of non-M&A enterprises SCNas a whole carried out a detailed analysis; Finally, the use of systems analysismethods, on The horizontal merger companies SCN research, marketing resourcesin the post-merger integration, production resource integration and integration ofresources (ie, marketing resources and production resource integration) detailedanalysis were constructed corresponding random equilibrium model. In order toverify the feasibility of the above theory, we use the M&A performance evaluationmodel for the simulation analysis of horizontal merger integration of the optimalfunctioning of the SCN, the results show the effectiveness of the proposed method.Further horizontal merger of enterprises with production resources andmarketing resources SCN analysis, in the case of demand uncertainty, built after themerger SCN robust optimization model. First, the uncertain nature of the marketand the uncertainty optimization methods are analyzed in detail, pointing out thesuperiority of the robust optimization method in the analysis of uncertainty; Second,the demand uncertainty case of non-M&A business SCN study, the use of systemanalysis method were constructed demand meet Box Constrained OptimizationModel in the three cases of polynomial constraints and oval constraintscorresponding non-acquisition of SCN optimal operational strategies; Finally,demand uncertainty horizontal merger SCN, horizontal merger the SCN optimalintegration strategy and the use of numerical experiments to verify the effectivenessof the proposed method.As research into the application, use the stochastic game theory and robustoptimization method, production process integration issues in the discussion afterthe reorganization of assets of Dongbei Special Steel Group, by calculatingenterprise horizontal Stochastic Equilibrium operation of the production line afterthe merger resource sharing measures, as well as demand uncertainty EnterpriseM&A SCN operation of integrated marketing resource sharing measures.