贸易订单融资下看涨期权契约的供应链协调研究

In this paper, we study how to coordinate the supply chain where the retailer is a leader and the supplier's initial capital is limited.By combining the trade order financing with the call option contract, we form a new financing contract model named call option contract model under trade order financing. Through solving the model, we figure out the Contract parameters which can coordinate the supply chain. The study found out that different financing contract parameters will correspond to different supply chain overall profit distribution plans.But nomatter how much own funds the supplier has, the retailer always can achieve the supply chaincoordination by adjusting the parameters of this financing contract.What's more, the more own funds the supplier has, the more contract parameters can be chosen and the more profits the supplier can strive for.