Retailer Ordering Model Decision In Supply Chain With Capital Constraint Based On Inventory Risk Allocation

The inventory risk caused by the supplier's capital constraints and uncertain market demand affect the retailer's order model decision.There are three ordering patterns for the retailer,when the retailer chooses the consignment mode,the supplier takes full inventory risk during the sale;in the preorder mode,the retailer takes full inventory risk;in the combination mode,the inventory risk will be shared by the retailer and supplier.In this paper,the two-echelon supply chain system consisting of a single supplier and retailer is taken as the research object,which is divided into two cases: supplier's capital is sufficient and there exists capital constraints.Based on the core enterprise credit guarantee financing,this paper used the Stackelberg game method to study the selection of the retailer's order pattern.The main contents are as follows:Under the stochastic market demand,this paper established the commercial bank's break-even model,the supplier and the retailer's expected profit maximization model respectively,and obtained the retailer's optimal order quantity and reorder price,the supplier's optimal production quantity and the bank's loan interest rate corresponding the three order modes: the consignment mode,the preorder mode and the combination mode,and got the optimal order mode decision of the retailer under different circumstances.The results shows that when the supplier is free from financial constraints,the retailer chooses to share inventory risk with the supplier,and selects the combination mode.When the supplier has financial constraints,whether the retailer provides credit guarantees will also affect the retailer's final ordering decision.When the retailer provides a credit guarantee,the preorder mode is selected to hold the inventory on its own when the market average wholesale price is low,and the combination mode is selected to share the inventory risk with the supplier when the market average wholesale price is high.When the retailer does not provide credit guarantees,it is not willing to bear the inventory risk,and will choose the consignment mode to let the supplier bear all the inventory risks.