研究了由单个生产商和单个零售商所构成的两级供应链的融资和生产决策问题.分别以生产商和商业银行作为供应链上的领导者,研究两者所做出的最优融资/生产决策与放贷策略.研究结果表明:生产商的最优产量相对于经典报童模型下的产量是下偏的,且与银行的贷款利率呈现出负相关的关系;银行获得最优收益时,生产商的产量相对于其最优产量是上偏的,且银行的最优放贷额和贷款利率被显示给出.

This paper studies financial and production decisions in supply chain composed of one manufacturer and one retailer, where the manufacturer is cash-constrained. We investigate the different decisions of both parties, where the manufacturer or bank is a leader respectively.  The results show that the manufacturer's optimal amount of production is less than that in classical newsboy model, that optimal amount of production  is negative correlation with loan interest rate;  that manufacturer's amount of production is more than its optimal number when the bank becomes the leader,  and that optimal loan interest rate and amount of loan are obtained explicitly.