The Research Of Inventory Financing Cooperative Games Mode Based On Supply Chain Finance

In the 21st century, competition among enterprises has become increasingly fierce. In order to seek more development space, some SMEs have emerged. The SEM has made great contributions to China’s economic growth, but financing has been a major obstacle to the development of SME. In order to solve this problem, banks and other financial institutions jointly logistics enterprises designed a series of supply chain financial services products, from supply chain perspective to give SME more financing help. In the supply chain finance, core enterprise with its own economic strength as the SME guarantee. It not only reduces the bank’s credit extension risk, but also improves the SME’s credit rating. The supply chain financial services products alleviated the SME financing predicament. This paper selects inventory financing mode as the research object. Through analyze our country present stage inventories financing mode. This paper using the cost income approach to analyzing the bank-dominated first after financing pledge way of under fixed term of single warehouse receipt in static pledge in each member enterprises’operating profits. This paper use cooperative game theory to solve the problem of profit allocation among member enterprises. Then using three round bargaining theory to determine the final pricing.Firstly, this paper introduces the concept and function of supply chain finance. Puts forward the basic theory of supply chain finance, namely asymmetric information theory, transaction cost theory, agency theory and trade self-liquidating theory. By the analysis of enterprise funding gap, leads to the three kinds of operation mode of supply chain finance. Through the development and operation mode of inventory financing mode, point out the research.Secondly, through the analysis of inventory financing model, summed up the bank’s role and the logistics company’s role as the analytical basis pledge pattern established inventory financing mode, the overall performance of the model, Analysis of the various member companies in inventory financing mode, taking into account the overall optimal and does not consider the overall best two kinds of operation mode and non-inventory financing mode maximize profits when pricing decisions taken, and the resulting final the results were compared and analyzed.Finally introduces the cooperative game theory, the application of Shapley value Legalist carry on the distribution of benefits, adoption of the outcome analyzing arrive at the kinds interests of the allocation method is not suitable for Inventories pledge financing mode, and to seek more targeted allocation scheme. Through the development of profit distribution factor and the contribution of indicators to determine the distribution of benefits programs, through three rounds of bargaining game to determine the final transaction price. Finally, the model of numerical parameters appearing in the theoretical model numerical analysis, and simulation results to validate the theoretical model.