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学术前沿讲座——Buyer Financing in Pull Supply Chains: Zero-Interest Early Payment or In-house Factoring?

发布时间:2020-06-24访问量:13

学术前沿讲座——Buyer Financing in Pull Supply Chains: Zero-Interest Early Payment or In-house Factoring?

  

报告题目

Buyer Financing in Pull Supply Chains: Zero-Interest Early Payment or In-house Factoring?

报告人(单位)

陈祥锋复旦大学

主持人(单位)

何勇(必威官网登录)

李四杰(必威官网登录)

时间

时间:202072日(周四)上午10:00

腾讯会议 ID683 376 351;密码:2020点击链接直接加入会议:https://meeting.tencent.com/s/kV5DnPygrfpZ

  

报告内容摘要

This paper investigates the efficacy of zero-interest early payment financing (alternatively referred to as early payment) and positive-interest in-house factoring financing in a pull supply chain with a capital-constrained manufacturer selling a product through a capital-abundant retailer. Early payment is the prepayment of a wholesale cost to the manufacturer, whereas in-house factoring is a loan service provided to the manufacturer by a branch financing firm of the same retailer. We find that the retailer prefers early payment financing to bank financing when the manufacturer’s production cost is low. If the retailer instead offers positive-interest in-house factoring financing to the manufacturer, then the financing equilibrium domain enlarges as compared to bank financing. Interestingly, early payment financing can outplay positive-interest in-house factoring financing if the production cost is considerably low; otherwise, vice versa. When the production cost is big enough, the retailer will not provide either early payment or in-house factoring. Furthermore, our main qualitative result sustains with an identical wholesale price across all three financing schemes and the financing equilibrium domain of early payment shrinks as demand variability grows.

报告人简介:

陈祥锋

         陈祥锋,教授/博导,复旦大学管理学院管理科学系副系主任,复旦大学国际供应链金融研究中心主任,首届青年**学者,教育部新世纪优秀人才,复旦大学卓识杰出人才,复旦大学管理学院杰出教授贡献奖获得者。复旦大学管理学院管理科学与工程博士(2002) ,纽约大学STERN商学院博士后(2006-2007),Kansas州立大学访问教授(20102011),MIT斯隆商学院访问学者(2012)。研究兴趣:供应链金融、运营管理中的金融服务和金融市场,智慧供应链管理等。主持国家自然科学基金项目8项;教育部项目3项。获得全国商业科学技术进步奖一等奖1次,上海市科学技术进步奖三等奖1次。 完成专著1部, 研究工作发表在国际顶级和权威期刊,如Manufacturing and Service Operations Management, Production and Operations Management, European Journal of Operational Research, International Journal of Production Economics等,联系邮件:chenxf@fudan.edu.cn.

  

  

 

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