Research On Ordering Decision Of Supply Chain Based On Recourse Right

Credit sales are the most widely used sales methods for enterprises,and their share of sales has increased from 54.1% in 2007 to 89.6% in 2014,and it has now reached more than 90%.The consequence of this type of sales approach is that downstream companies are tying up large amounts of capital from upstream companies.Upstream companies hold a large amount of accounts receivable and there is a shortage of liquidity,which affects normal production and operations.The credit sale method usually causes a serious funding gap for the SMEs in the supply chain that are in a disadvantaged position.For this reason,SMEs have to pay huge interest expenses to raise funds,or start with product quality in order to save costs.Finally,Damage to the interests of the entire supply chain member companies.In addition,SMEs with low credit ratings and lack of collateral also have the possibility that no financial institution is willing to provide funds for credit.In this case,in order to effectively alleviate the financing difficulties and high costs of SMEs,the accounts receivable factoring financing business was born,and research on factoring financing gradually emerged.On the basis of summarizing relevant literature at home and abroad,this article considers a supply chain system in which a supplier and a retailer are in a dominant position.Through the introduction of recourse receivables factoring financing,the supply chain is studied.Ordering decision problems.Firstly,under the assumption of linear demand and stochastic demand,the Stackelberg model of retailers and suppliers is established,and the order-making model of supply chain under traditional supply chain and supply chain finance with maximization of interest is established;then,under the random fluctuation of market demand,When the retailer orders goods twice from the supplier,the supplier establishes the supply chain ordering decision model after the recourse factoring is introduced into the supplier in two stages to study the amount of the supplier's accounts receivable transfer and the order quantity decision of the retailer.,and conduct numerical tests.The research results in this paper show that in the linear demand market,after introducing factoring with recourse,when the supply chain adopts a decentralized decision-making approach,its wholesale price and retail price are lower than that of traditional supply chain and non-recourse factoring.The wholesale and retail prices,order quantity and supply chain profits are relatively high.In the decision-making process,the supply chain ordering decisions under factoring services also show obvious advantages.Under random demand,different financing rates are analyzed for retailer orders.The impact of volume,the results show that the higher the financing rate,the lower the order quantity of retailers,the lower the supply chain profits;when the retailer orders goods from suppliers in two stages,the lower the financing interest rate and factoring rate,the financing income The higher the rate,the greater the optimal order quantity of the retailer and the higher the amount of the supplier's receivables optimal transfer.Finally,the above conclusions are verified by numerical examples.I hope to provide a reference for the decision-making of upstream and downstream companies in the supply chain.