摘要
Advance payment financing (APF) is one of the main financing models in supply chain finance. Considering the random fluctuation of market demand and endogenous default, this paper focus on the enterprise optimal order quantity decision-making under default risk based on APF. Firstly the analytic result of default probability is solved, and then this paper analyzes the relations of loan-to-value ratios, repurchase rate and wholesale price with default probability. Finally, this paper puts forward the optimal order quantity model of the enterprise.
- 出版日期2015
- 单位东南大学