基于连带责任的融资方式下供应链的决策分析

In this paperWe consider a supply chain consisting of a retailer and a supplier. The retailer faces uncertain demand and has limited initial capital. To help the retailer be qualified for a loan, the supplier may share the retailer's liability. As a Stackelberg leader, the supplier decides the wholesale price and may post a bound on the maximum quantity he can fulfill in order to confine his liability. The retailer then determines the ordering quantity and the amount of money to be borrowed. We derive the optimal solutions for both the supplier and the retailer. We show that the ordering quantity is decreasing in the amount of the retailer's initial capital and so is the supplier's profit. Surprisingly, we find that the retailer's profit may increase in the interest rate as opposite to intuition