The Ordering And Pricing Strategies Of Capital Constrained Supply Chain Considering Downside Risk Control Under Supplier's Guarantee

It is one of the important research topics about supply chain ordering and pricing strategies for many scholars,but most of the researches based on the assumption that the capital flow is sufficient,however it is so common that the enterprises exist capital constraints.If a retailer has capital constraints,it will seriously affect the profit and the competitiveness of supplier and the entire supply chain system.In order to alleviate the impact of capital constraints,there are two ways for retailer to get capital,internal financing and external financing respectively.This paper studies the supply chain ordering and pricing strategies under the retailer get capital from external financing institutions such as bank.Due to the fact that the retailer have no fixed assets as collateral and bad credit,it is a common financing mode of the supplier provide loan guarantee for capital-constrained retailer.In the meantime,as the main undertaker of risk,the bank will have some risk control methods.So,it is necessary to study the supply chain operation strategy of considering the risk control under the supplier's guarantee.At present,the research on capital-constrained supply chain mainly focuses on supply chain coordination issues and financing pricing decision under pledge.There are few researches on supply chain ordering and pricing strategies under the supplier's guarantee.Second,from the perspective of risk control,most researches use value at risk or condition value at risk,but the use of downside risk control is rarely.Therefore,it is significant to study the orderingdecision of retailer and the pricing-decision of supplier considering downside risk control under supplier guarantee.So,this paper studies the supply chain ordering and pricing strategies considering the downside risk control under the two models of the supplier credit guarantee and the supplier buyback guarantee respectively.The main completed works includes the following aspects:(1)We propose the problem of the ordering-decision of retailer and the pricing-decision of supplier under the supplier's credit/buyback guarantee.In view of the existing research on capital-constrained supply chain problem,this paper studies the effect of different guarantee methods on the ordering and pricing decisions.(2)The research on capital-constrained supply chain ordering and pricing strategies considering the downside risk control under the supplier credit guarantee.In this paper,the profits maximization of retailer and supplier are taken as the goal,and we established the profit function models of retailer and supplier under supplier's credit guarantee.By game theory,we give the retailer's optimal ordering decision and the supplier's optimal wholesale price decision under downside risk control.(3)The research on capital-constrained supply chain ordering and pricing strategies considering the downside risk control under the supplier buyback guarantee.In the same way,the profits maximization of retailer and supplier are taken as the goals,and we established the profit function models of retailer and supplier under supplier's buyback guarantee.By game theory,we give the retailer's optimal ordering decision and the supplier's optimal wholesale price decision under downside risk control.(4)Potential application research:Take the capital-constrained X company's aluminum ingots order as an example.In this paper,the capital-constrained X company gets loan form A bank which considering downside risk control and to complete the order of the aluminum ingots under the Y company's guarantee,the theoretical research results of this article are applied to real life and given the X company's optimal order strategy and Y company's optimal wholesale price in different guarantee situations.Finally,we summarize the main research results and conclusions,the main contributions,the limitations and the directions of research work in the future.