Supply Chain Strategies Research Under Confirming Storage With Bankruptcy Risk

In recent years,the competition between enterprises is increasingly developing into competition between supply chains.The development of supply chain finance can optimize the capital flow,and confirming storage pattern is one of the typical supply chain finance services,the participating companies can get better returns.Meanwhile,in reality,the retailer may face the risk of bankruptcy with the confirming storage pattern.When considering the risk of bankruptcy,the decision-making of supply chain members will have some changes.Therefore,the study of the supply chain strategies under confirming storage pattern with bankruptcy risk has important theoretical and practical significance.This paper establishes the decision model of supply chain under centralized mode and the decision model of bank,retailer and manufacture under decentralized mode respectively.Then the optimal decision of centralized model and decentralized model is solved respectively.We study the effect of the initial capital of retailer,risk free rate and the proportion of loss of sales revenue in bankruptcy on financing interest rates,and finally research if the manufacturer can coordinate the supply chain by making appropriate buyback price through numerical examples.The study shows that,under the premise of considering the risk of bankruptcy,the manufacturer can realize the coordination of the supply chain by buyback price,meantime the buyback price and the wholesale price is positively correlated,while the buyback price and the market price is negatively correlated;the retailer's bankruptcy threshold decreases with the increase of its own capital,and decreases with the increase of the buyback price.On the premise of perfect competition in the financial market,the financing interest rate decreases with the increase of retailer's own capital,increases with the increase of the risk-free interest rate of financial market and increases with the increase of the proportion of loss of sales revenue when the retailer goes bankrupt.The conclusion of this paper has certain reference value and significance for the decision-making of supply chain members in the confirming storage mode under the bankruptcy risk.