Research On Income Sharing Contract Based On Inventory Pledge In

The small and medium-sized enterprises are close to the customer and market. With the strong flexibility, they have a rapid reaction to the market. What’s more, they are large enterprises’ good partners. In the domestic, the small and medium-sized enterprises’ rapid development make it more and more important to the economic growth. However, the small and medium-sized enterprise scale is small, so their ability to resist risk is weak, especially when facing the problem of funds. When faced with a short time and the volume of large transactions, it is easy to appear the capital turnover difficult problem. At the same time, the challenge of traditional credit that the commercial bank is facing is gradually increasing. The customer companies who can meet credit threshold are small range. Besides, the high risk of repayment problems also has great impact on the bank loan business. In these two kinds of background, supply chain finance service mode is gradually popularization development. Supply chain management is the management of logistics, capital flow and information flow. Supply chain finance belongs to the category of capital flow management. Based on the core enterprise in supply chain, commercial banks provide funds for the supply chain’s small and medium sized enterprises. So far, the supply chain finance in practice has been widely used, most domestic commercial banks have launched their own supply chain financial products. There also has a commercial bank let logistics enterprises free to choose customers. What’s more, with the strong strength and advantage on logistics control, some international logistics enterprises develop supply chain finance by their own. At the same time, the Internet technology’s participation also provides great convenience for the online development of supply chain finance. While the theoretical research about supply chain finance is deepening and broadening. From the put forward of initial concept to the optimality analysis now, scholars analysis a large number of supply chain finance pattern’s feasibility, advantages compared with the traditional financing, all parties’ optimal decision, risk control from qualitative and quantitative point of view.Based on the previous research, the paper makes a further step analysis in quantitative way. It explores the feasibility problem of contract management in inventory financing mode of supply chain finance. This mode mainly involved a two stage supply chain consisting by a core enterprise and a small and medium-sized enterprise, bank and logistics enterprise. Commercial banks provide supply chain financial service for small and medium-sized enterprises. In order to make the supply chain’s profit maximum, the supply chain enterprises act in accordance with the overall optimal direction bound by the contract management. The market demand is stochastic, and the bank is avoid the risk. The paper designs the sharing contract of supply chain, and calculates the range of revenue sharing contract’s coefficient. Considering the bank’s interest payments, firstly it establishes the supply chain and its members’ decentralized decision under the profit maximization model, then giving the numerical solution of the theoretical results. The design of revenue sharing contract help centralized decision, then it establishes the supply chain and its members’ decentralized decision under the profit maximization model again under centralized decision. Finally, it makes a contrast between the two modes. We found that by control the sharing coefficient’s range, the supply chain can satisfy the restriction condition of the bank loan risk control. At the same time, through the centralized decision, supply chain can achieve overall’s optimal. What’s more, the supply chain members can obtain more profit than under the decentralized decision.