预付账款类供应链金融产品比较研究——基于系统动力学方法.docVIP

预付账款类供应链金融产品比较研究——基于系统动力学方法 预付账款类供应链金融产品比较研究 基于系统动力学方法 兰庆高 ，王婷睿 ， (1．沈阳农业大学经济管理学院，辽宁 沈阳 110866； 2．大连民族学院经济管理学院，辽宁 大连 116600) 摘 要：文章基于系统动力学方法，在分析先票后货标准授信和保兑仓融资两种预付账款类供应链金融产品业务流程的基 础上，构建两种供应链金融产品的系统动力学模型，探讨供应链金融实施的动态特性。在对模型的仿真研究中，通过考察供应 链各节点企业的库存水平、库存波动情况、产品缺货量变化以及现金量变化情况，分析两种供应链金融产品的实施效果及其对 供应链绩效的影响，并通过对比分析总结两者的差异。根据仿真得到的图形结果和相关统计数据，结果表明：两种融资方式都 可以有效地解决分销商的资金短缺问题 ，但从对供应链绩效影响上看，供应链金融的实施还改善了供应链各节点企业的库存水 平，两种预付款类供应链金融产品的差异主要体现在分销商库存维持成本及对核心企业库存水平的影响上，保兑仓融资更有利 于降低分销商的库存成本，同时减少核心企业的库存水平。 关键词：供应链金融；保兑仓融资；金融产品：预付账款 中图分类号：F830 文献标识码：A 文章编号 ：1004—292X(2014)09—0072—06 Comparative Study on Prepayment Supply Chain Financing Products — — _Based on System Dynamics LAN Qing-gao ．WANG Ting-rui ’ (I．School of Economics and Management，Shenyang Agricultural University， Shenyang Liaoning 110866， China； 2．School of Economi cs and Mana gement，Dalian Nationalities University， Dalian Liaoning 116600，China ) Abstract：Based on system dynamics method and analyzing the operating process of standard credit of delivery after invoice and confirming storage financing，this article creates system dynamics model of two kinds of supply chain finance products and researches the dynamics characteristics of supply chain finance products．During the simulation research，it analyzes the results of implementation of supply chain finance and the effects on supply chain perform ance by looking at inventory level，stock volatility，products out of stock and changes in cash．According to simulation resuhs of graph and statistical dates，it shows that：both of financing way can solve the problem of the capital shortage，but from the point of the supply chain perform ance，supply chain finance improved the inventory level of joint enterprise of supply chain．The difference of two kinds of supply chain finance products mainly reflected in the holding cost of distributor and the effect on the level of inventory of the core enterprise．Confirming warehouse financing is more advantageous to save the inve