The buyer-supplier relationship plays a great role in most economic systems. The buying firm usually tries to find a new supplier who provides products with satisfying quality and lower price. A broad branch of litera...The buyer-supplier relationship plays a great role in most economic systems. The buying firm usually tries to find a new supplier who provides products with satisfying quality and lower price. A broad branch of literature deals with the development of buyer-supplier relationships, but limited research is on the circumstances under which a buyer should terminate such a relationship and switch to a new supplier. In this paper, the incentive compatibility constraint (IC) which induces the entrant supplier to report his true cost is considered, and the participation constraint (PC) which ensures the entrant supplier to get at least reservation profit is taken into account. Then the supplier switching model is set up to minimize the buying firm's total procurement cost which includes the transfer payment to the incumbent supplier, the payment to the entrant supplier and the switching cost, and the buying firm's switching cost is considered as a function of the switching quantity. With the theoretical analysis of IC, PC and the proposed model, the optimal supplier switching strategy can be obtained. Finally, a numerical example is given to illustrate the effectiveness of the proposed model and the switching strategy.展开更多
Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is st...Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is still a major problem. The development of Intemet financial model is of great significance to the small and Medium Sized Clothing Enterprises .It is helpful to solve the problems of information asymmetry, credit rationing and high loan cost in the financing of small and medium sized clothing enterprises..In many financial models on the interne＇., to our vast number of small and medium-sized enterprises provide convenient services, but in the face of this model using diffcrent opinions, and there is no pertinence, for most of the enterprises are usually similar situation was a summary and recommendations, there are a handful of targeted research ,This research is for research, in order to solve the financing problems of China＇s small and medium-sized garment enterprises countermeasures were studied to find a suitable China＇s small and medium-sized garment enterprises financing path with, for small and medium-sized garment enterprises in the capital needs of the guiding role, for the enterprise to avoid financial risk. the lnternet financial model to solve the financing problem of small and medium-sized garment enterprises play the important role, we should expand Internet banking, so that more small and medium-sized garment enterprises get better development.展开更多
基金Supported by National Natural Science Foundation of China (No. 61004015 and No. 71071106)Program for Changjiang Scholars and Innovative Research Team in University (No. IRT1028)
文摘The buyer-supplier relationship plays a great role in most economic systems. The buying firm usually tries to find a new supplier who provides products with satisfying quality and lower price. A broad branch of literature deals with the development of buyer-supplier relationships, but limited research is on the circumstances under which a buyer should terminate such a relationship and switch to a new supplier. In this paper, the incentive compatibility constraint (IC) which induces the entrant supplier to report his true cost is considered, and the participation constraint (PC) which ensures the entrant supplier to get at least reservation profit is taken into account. Then the supplier switching model is set up to minimize the buying firm's total procurement cost which includes the transfer payment to the incumbent supplier, the payment to the entrant supplier and the switching cost, and the buying firm's switching cost is considered as a function of the switching quantity. With the theoretical analysis of IC, PC and the proposed model, the optimal supplier switching strategy can be obtained. Finally, a numerical example is given to illustrate the effectiveness of the proposed model and the switching strategy.
文摘Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is still a major problem. The development of Intemet financial model is of great significance to the small and Medium Sized Clothing Enterprises .It is helpful to solve the problems of information asymmetry, credit rationing and high loan cost in the financing of small and medium sized clothing enterprises..In many financial models on the interne＇., to our vast number of small and medium-sized enterprises provide convenient services, but in the face of this model using diffcrent opinions, and there is no pertinence, for most of the enterprises are usually similar situation was a summary and recommendations, there are a handful of targeted research ,This research is for research, in order to solve the financing problems of China＇s small and medium-sized garment enterprises countermeasures were studied to find a suitable China＇s small and medium-sized garment enterprises financing path with, for small and medium-sized garment enterprises in the capital needs of the guiding role, for the enterprise to avoid financial risk. the lnternet financial model to solve the financing problem of small and medium-sized garment enterprises play the important role, we should expand Internet banking, so that more small and medium-sized garment enterprises get better development.
