保证回购下供应链金融保兑仓融资最优策略研究

Study on Optimal Financing Strategy of Supply Chain Bonded Warehouses with Guaranteed Buyback

研究了在保兑仓厂商银模式下的供应链各方最优策略。分析了在保证回购条件下经销商的最优采购批次和供应商的批发定价问题,确定了银行合适的融资利率区间。研究表明:融资利率随融资额和资本市场无风险投资回报率的增加而增加,最优采购批量随批发价格的增加而减少。

In this paper, we studied the optimal strategies of the various supply chain parties under the bonded warehouse financing model, analyzed the optimal purchasing batch of the distributors and the wholesales pricing of the suppliers with guaranteed buyback and determined the suitable range of the financing interest rate of by banks. Then we analyzed in detail the implications of the conclusions reached.