Analysis And Simulation Of Accounts Receivable Financing Model In Agricultural Product Supply Chain

As a basic means of subsistence,agricultural products have a huge consumer market,obviously,and the production shows seasonal and decentralized characteristics.The freshness of agricultural products,the uncertainty of market demand,the high circulation cost and the low concentration of participants in all links of agricultural supply chain restrict the development of agricultural supply chain.The main manifestations are the relatively small scale of small and medium-sized enterprises in agricultural supply chain,the slow turnover of funds and the difficulty of financing.Under the supply chain financing,the financing structure of supply chain of node enterprises has changed.The core enterprises no longer work alone,however,provide credit guarantee for small and medium-sized node enterprises.For upstream and downstream of the supply chain,they extend their credit to many small and medium-sized node enterprises.They use the funds of financial institutions outside the supply chain to make the small and medium-sized node enterprises with shortage of funds in the supply chain obtain more capital flows and alleviate the supply chain.The pressure of capital demand of nodal enterprises ensures the normal operation of small and medium-sized nodal enterprises and agricultural supply chain.For small and medium-sized enterprises in agricultural supply chain,the research on the financial model of agricultural supply chain can provide certain basis for enterprises in different positions in the supply chain to adopt different models such as prepaid account pledge financing,receivable financing or inventory pledge financing.From the perspective of agricultural products supply chain,this paper mainly uses literature review method,comparison and induction method,model analysis and simulation experiment method to study the financing decision-making behavior of the participants in the supply chain.Firstly,the concepts,characteristics and modes of agricultural supply chain and supply chain financing are elaborated.The financing channels and financing constraints of small and medium-sized nodal enterprises are analyzed,and then the financing structure of nodal enterprises is analyzed,the influencing factors are obtained and a financing framework of agricultural products supply chain is established.The paper builds an account receivable financing model dominated by core enterprises in agricultural supply chain.Under the financing choices of endogenous financing services,indirect financing services of commercial banks and accounts receivable financing services dominated by core enterprises,the cost-benefit of suppliers,manufacturers and retailers of small and medium-sized nodal enterprises,the financing interest rate of supply chain,the optimal order quantity of retailers of small and medium-sized nodal enterprises are selected.As well as researching on the decision-making with the wholesale price of manufacturer in core enterprise.Then,when the retailers of small and medium-sized enterprises with capital constraints adopt the core enterprise-led supply chain financing,this paper will take the core enterprise manufacturer--NK Dairy Co.,Ltd.as an example to introduce the relevant information of the receivables financing in the supply chain,and uses MATLAB software to carry out the cost-benefit analysis of the core enterprise-led receivables financing model and do the decision simulation.Finally,based on the simulation results,the paper will make some suggestions on the management of accounts receivable financing mode in the core enterprise-led agricultural products supply chain with the aspects of financing mode matching with industry,the role of core enterprises,the supply chain financial needs of small and medium-sized node enterprises and the construction of financing service platform.The participation of the main bodies of the supply chain provides a more optimized business model and process for the financing process of accounts receivable in the supply chain of agricultural products.