JOURNAL OF SHANDONG UNIVERSITY(NATURAL SCIENCE) ›› 2018, Vol. 53 ›› Issue (5): 61-69.doi: 10.6040/j.issn.1671-9352.0.2017.366

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Retailer financing and ordering decision-making with limitation on the minimum loan amount

DONG Zhen-ning, WANG Zhuo, ZHOU Xue-jun   

  1. School of Management Guangdong University of Technology, Guangzhou 510520, Guangdong, China
  • Received:2017-07-09 Online:2018-05-20 Published:2018-05-25

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Abstract: According to the prepayment financing model, this paper establishes a bilayer structure that contains manufacturers(M)and retailers(R)and does not consider the defective product rate, inventory cost and financing cycle length. Under the conditions of uncertainty of market demand and insufficient retailers’ funds, the two retailers’ decision of financing and ordering on whether financial institutions set loan limits or not were studied. By means of numerical analysis, we verify the financing can increase the revenue of the retailer and the supplier in the case of retailers continue to accumulate their own funds, and the total supply chain product can achieve the optimum yield as soon as possible to meet the consumer’ demand effectively.

Key words: supply chain finance, loan limit, prepayment financing, order decision

CLC Number: 

  • F830
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