Analysis On The Decision-making Of Accounts Receivable Financing Mode Under The Background Of "Internet + Construction"

In the construction industry,due to the long construction period of construction products and many uncontrollable factors in the construction process,construction enterprises have complicated control over capital and product quality.Among them,a large amount of capital investment in the construction process has led to insufficient liquidity of construction enterprises,which has delayed the repayment of accounts receivable from suppliers and increased the pressure on the capital turnover of small and medium-sized materials suppliers.Due to financial constraints,it is difficult for SME material suppliers to guarantee timely supply of qualified quality products.The emergence of "Internet+construction" provides construction companies with an electronic platform for supplier management and control.At the same time,the integration of "Internet+construction" and supply chain finance can effectively solve the problem of difficult capital turnover for small and medium-sized enterprises,thereby improving the quality of products in the supply chain and enhancing the market competitiveness of the supply chain system.In the context of "Internet+Construction",this article studies the financing decisionmaking problems of two accounts receivable financing models,reverse factoring and securitization financing.At the same time,when there is a repurchase strategy and when there is no repurchase strategy,respectively,the product quality level decision-making problems of builders and suppliers under the accounts receivable financing mode are analyzed.Besides,with the goal of improving product quality,this paper compares and analyzes product quality under different accounts receivable financing modes,and provides companies with suggestions on the choice of accounts receivable financing modes.The article first studied the financing decision-making problems of financing service institutions in the two types of accounts receivable financing mode,reverse factoring financing and securitization financing,and clarified the financing conditions and financing interest rates of financing service institutions.The study found that as the number of orders increases,the loan interest rate of financing service institutions decreases.Then,when there are repurchase strategies and no repurchase strategies,relevant mathematical models are established to quantitatively analyze the product quality decision-making levels of builders and material suppliers.Research has shown that the use of repurchase strategies can improve suppliers’ability to provide qualified products while increasing the profit of the builder.Finally,a comparative analysis of the two accounts receivable financing models of builders and suppliers is carried out,and it is found that when the ratio between the loan interest rate of the reverse factoring financing model and the loan interest rate under the securitization financing model is less than the threshold,choose account receivable securitization financing model can improve product quality;when the ratio between the loan interest rate under the reverse factoring financing model and the loan interest rate under the securitization financing model exceeds the threshold,select accounts receivable reverse factoring financing model can improve product quality;when the ratio between the loan interest rate in the reverse factoring financing model and the loan interest rate in the securitization financing model reaches the threshold,two types of accounts receivable financing models can be selected.