关键词: 资金约束, CVaR度量方法, 供应链协调, 融资方式

Abstract: Under the retailer capital constraint, the supplier is willing to provide bank loans under trade credit financing or credit guarantees. With the two parties being risk-averse, the CVaR method is used to establish the Value-at-risk model of both parties and the supply chain. The supply chain coordination conditions, optimal order quantity and wholesale price are obtained, and meanwhile, the effects of the bank intrest rate on supply chain coordination and the supplier’s financal selections are analyzed. The results show that the supply chain coordination conditions depend on production costs, bank interest rates, and the degree of risk aversion of parties. The different bank interest rates will lead to different supply chain coordination conditions. The supplier will choose the financing choices offered to the retailer according to two parties’ risk aversion.

Key words: capital-constraint, CVaR method, supply chain coordination, financing choices