Study On Benefit Distribution Of Supply Chain Finance Based On Risk Factors In Cooperative Game

Supply chain finance has changed the Capital and Security Financing Method of traditional banking and other financial institutions, and by putting the funds into the supply chain, it has effectively helped SMEs solve the financing problem and thus get more and more people’s attention, and been the principal means of China’s banks to increase profit source and innovate financial product. To achieve effective cooperation among the members of the supply chain finance companies, in the common interest of the target, all member companies should increase trust and share information. According to economic theory, to pursue their own individual utility maximization, the individual tends to snatch the legitimate interests of other supply chain members. If any individual of the league feels hardly making ends meet, then it will inevitably harm the smooth of the cooperation, and hinder the healthy development of supply chain finance. Thus, regulating financial interest in the supply chain between enterprises, and creating a reasonable benefit distribution mechanism is a new topic of supply chain finance faced.Firstly, this paper made a brief introduction of the theory of supply chain finance, including the concept, mode of operation, the risks and benefits distribution and other related theories of supply chain finance, to order to lay the theoretical foundation for the full text. On this basis, taking inventory financing mode for example, this paper introduced of the concept of risk factors to identify and assess of the risk of the financial mode, and established risk factor identification systems of the bank, financing enterprise and logistics enterprise separately in order to divide the risk of the participants in detail. Secondly, using the G1 method of group decision combined D-S evidence theory, this paper built a quantitative model to assess the risk of the parties involved in inventory financing mode. G1 method of group decision, which is used to determine the weight of each index in the risk evaluation index system to revise the D-S evidence theory, overcome the shortcomings and deficiencies of traditional AHP analysis, and simplified the calculation process; D-S evidence theory to quantify risk factors of indicators fully considered the impact of uncertainty of the risk factors and uncertainty and ambiguity caused by subjective judgment of the experts in the evaluation on the evaluation results, and ultimately calculated value-at-risks of the three partners, which is used to measure the size of each participant’s risk. Then, cooperative game theory ——Shapley value model modified by the value-at-risk of the three——bank, the logistics company and the financing company in inventory financing mode is used to achieve a reasonable allocation of the benefits of cooperation for the three partners, promote the efficiency of cooperation on the basis of fairness, and eventually build a fair and reasonable profit distribution mechanism. Finally, this paper introduced a actual case to assign the values of model parameters, and verified the method and proposed model built in this paper with a good practical application results by the simulation results.Based on these ideas, this paper carried out a cooperative game study on profit distribution of supply chain financial based on risk factors, in order to provide a good foundation for the theory and practice of supply chain finance building the reasonable benefit distribution mechanism in the future and promoting their healthy development.