Financing Mode Selection Strategies of Closed-Loop Supply Chain with Capital Constrainted Manufacturer

doi:10.12068/j.issn.1005-3026.2024.05.018

Abstract

Abstract:

Aiming at the financing mode selection problem of a closed?loop supply chain consisting of a retailer， a recycler， and a capital constrainted manufacturer， the revenue functions of the manufacturer， retailer， recycler， and closed‐loop supply chain are constructed when the capital constrained manufacturer can get financing from the retailer （internal financing） or the bank （external financing）， respectively， and based on the Stackelberg game， the optimal pricing and return rate strategies under two financing modes are given. On this basis， by comparing the optimal decisions and revenue of the recycler， retailer， manufacturer， and closed‐loop supply chain under different financing modes， the financing mode selection strategies are given from different perspectives. The research results show that under certain conditions， the retailer providing financing services are beneficial for the manufacturer， retailer， recycler and closed‐loop supply chain.

Key words: closed‐loop supply chain, capital constraint, financing mode, selection strategy, Stackelberg game

CLC Number:

TP 273

Chun-yi LIU, Tian-hui YOU, Bing-bing CAO. Financing Mode Selection Strategies of Closed-Loop Supply Chain with Capital Constrainted Manufacturer[J]. Journal of Northeastern University(Natural Science), 2024, 45(5): 745-752.

Figures/Tables 3

Fig.1 Structure of the closed-loop supply chain

Table 1 Symbols and instructions

符号	说明
$τ$	废旧物品回收率
$b$	制造商获得单位废旧物品支付的转移价格
$w$	单位产品的批发价格
$m$	零售商单位边际利润
$a$	所售产品的市场规模
$β$	描述需求随零售价格变化的弹性系数
$p$	零售价格
$c n$	生产单位新产品的成本
$c r$	生产单位再制造产品的成本
$C L$	回收规模参数
$A$	回收商支付的单位回收价格
$f R$	零售商公布的贷款利率
$f B$	银行公布的贷款利率
$D m$	市场需求函数
$C τ$	回收商的回收成本函数
$Π i$	收益函数， $i = M, R, T, S$ 分别表示制造商、零售商、回收商和闭环供应链

Table 1 Symbols and instructions

符号	说明
$τ$	废旧物品回收率
$b$	制造商获得单位废旧物品支付的转移价格
$w$	单位产品的批发价格
$m$	零售商单位边际利润
$a$	所售产品的市场规模
$β$	描述需求随零售价格变化的弹性系数
$p$	零售价格
$c n$	生产单位新产品的成本
$c r$	生产单位再制造产品的成本
$C L$	回收规模参数
$A$	回收商支付的单位回收价格
$f R$	零售商公布的贷款利率
$f B$	银行公布的贷款利率
$D m$	市场需求函数
$C τ$	回收商的回收成本函数
$Π i$	收益函数， $i = M, R, T, S$ 分别表示制造商、零售商、回收商和闭环供应链

Fig.2 Optimal financing modes

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