Order Model Research Based On Financial Supply Chain Under Conditions Of Partial Permissible Delay In Payments

Along with the rapid development, financial supply chain solves the problem of capital constraints of small and medium enterprises very well. For the small and medium capital-restricted enterprises, the significance of the use of financial supply chain and trade credits can never be overemphasized.The main work of this paper is the ordering model based on financial supply chain under conditions of partial permissible delay in payments. Firstly, the first chapter summarizes representative domestic and foreign literatures about the financial supply chain and trade credits. Secondly, the second chapter introduces the related contents of financial supply chain and trade credits. Again, through applying the supply chain financial management to deal with the newsboy model under conditions of partial permissible delay in payments, the third chapter creates the ordering model based on financial supply chain under conditions of partial permissible delay in payments. In the new model, financing interest, time opportunity income of capital, opportunity cost of occupied capital, excess earnings of sales revenue, the costs of holding products and the costs of shortage are considered. As the relationship of credit period and order cycle has a great influence on the supplier's cost function, this chapter discusses two cases that the credit period is less than the order cycle and the credit period is greater than the order cycle, and solves the optimal order quantity and the minimum expected costs under the conditions of different credit period. Then, through the background of B company's order situation, the fourth chapter provides the numerical simulation analysis and the numerical solution of the optimal order quantity and the minimum expected costs under the conditions of different credit period are obtained. The numerical simulation analysis comes to the conclusions:the first one is that, in two cases, the optimal order quantity are increased with the increase of the credit period; the second one is that, in first case, the minimum expected costs first fall and then rise with the increase of credit period;the third one is that, in second case, the minimum expected costs always fall with the increase of credit period.Finally, the fourth chapter also analyzes the influence of repurchase price and the ratio of instant payment on the optimal order quantity and the minimum expected costs. The analysis comes to the conclusions:the first one is that, in two cases, the optimal order quantity are increased with the increase of the repurchase price and the minimum expected costs are declined with the increase of the repurchase price; the second one is that, in two cases, the optimal order quantity are declined with the increase of the ratio of instant payment and the minimum expected costs are increased with the increase of the ratio of instant payment.