风险厌恶(心理学)
供应链
期望效用假设
微观经济学
业务
对偶(语法数字)
付款
偏爱
渠道协调
风险中性
差异(会计)
信用风险
贸易信贷
供求关系
经济
精算学
供应链管理
营销
财务
金融经济学
艺术
文学类
会计
作者
Chong Zhang,Yaxian Wang,Leiifan Zhang
出处
期刊:Rairo-operations Research
[EDP Sciences]
日期:2021-01-01
卷期号:55: S2879-S2903
被引量:6
摘要
Though it is an important means for enterprises to increase market demand and boost profits, trade credit can carry risks. Besides, risks also result from uncertain market demand. Decision-makers’ attitude towards risk will influence the decisions of enterprises, so it is meaningful to study the impact of risk preference on supply chain performance. This paper explores the effect of risk-averse preferences of the manufacturer or retailer on their delayed payment periods decision and utility when the dual-channel structure is adopted. Customer demands are uncertain and depend on the delayed payment periods that the manufacturer and the retailer may offer to them. Mean-variance model is used to describe the risks due to uncertain demand, and establishes supply chain utility models under four decision-making situations (both are risk-neutral; only the retailer is risk-averse; only the manufacturer is risk-averse; both are risk-averse). According to our study, supply chain members with higher risk aversion are more inclined to prolong delayed payment period. The retailers risk aversion is adverse for her utility, but beneficial to the manufacturers utility, thus a new coordination mechanism is proposed to achieve coordinate when only the retailer is risk averse. We prove that the contract can effectively improve the utility of the whole supply chain. This paper conduces to enrich the emerging literature on relating risk aversion preferences to trade credit period decision and coordination behavior under dual-channel environment.
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