OEM再制造下双边资金约束闭环供应链生产与合作融资策略

构建由资金约束零部件供应商和负责废旧零部件再制造的资金约束原始设备制造商(OEM)组成的闭环供应链,并考虑3种融资策略:单独银行贷款(SBF)、银行贷款+供应商延迟支付(BF-with-SDP)、银行贷款+OEM提前支付(BF-with-OAP),前者属于不合作融资,后两者属于合作融资.利用数值分析探讨不合作/合作融资下的再制造生产策略和OEM再制造下的合作融资策略.研究发现:合作融资更有利于促进制造/再制造生产和提升供应链整体绩效;为应对融资偏好冲突,供应商需主动寻求与OEM构建满足激励相容约束的契约; BF-with-SDP和BFwith-OAP策略间的具体选择依赖于担保比例的高低;相较于BF-with-OAP策略, BF-with-SDP策略更能实现促进再制造生产、提升供应链绩效、降低银行违约损失风险的协同.

Production and collaborative financing strategies for a bilaterally capital-constrained closed-loop supply chain with OEM-remanufacturing

This paper constructs a closed-loop supply chain composed of a new key component supplier and an original equipment manufacturer(OEM) responsible for remanufacturing of old key components, both of which are financially constrained. There are three alternative financing strategies: separate bank financing(SBF), bank financing with supplier''s delay-in-payment(BF-with-SDP), and bank financing with OEM''s advance payment(BF-with-OAP). The former one is regarded as non-collaborative financing, while the latter two are collaborative. Through numerical analysis, we analyze the remanufacturing strategies under non-collaborative/collaborative financing, and the collaborative financing strategies under OEM remanufacturing. It is found that: collaborative financing is always more conducive to manufacturing/remanufacturing and contributes to the overall performance of the supply chain; to deal with the conflict in financing preferences, the supplier should actively seek to build contract with the OEM based on incentive compatibility rule; how to choose between the BF-with-SDP and the BF-with-OAP strategies will depend on the guarantee ratio allowed by the supplier; compared with the BF-with-OAP strategy, the BF-with-SDP strategy can better realize the synergy of promoting remanufacturing production, improving supply chain performance, and reducing the risk of bank default losses.