题 目：Financing contract manufacturer under early payment to strengthen trade.
报告人：陈祥锋 教授（复旦大学）
时  间：4月22（周三）上午10:10-11:40
地  点：经济管理学院335会议室
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报告摘要：
This paper investigates the operational and financial decisions in a supply chain, in which a dominant retailer purchases the product from a capital-constrained contract manufacturer, and sells the product in retail market under consignment contract. The capital-constrained manufacturer can raise capital to cover product cost in two financing options, bank credit and early payment, an innovative financing model. More specially, we set two scenarios of Retailer Priority and Manufacturer Priority to highlight who has the right of finally choosing financing option. Our model shows that there exists optimal decisions under both bank credit and early payment; It also shows that both bank credit and early payment can be financing equilibrium under both cases of Retailer Priority and Manufacturer Priority. And early payment is financing equilibrium when the product cost is small-medium, otherwise the bank credit is the financing equilibrium. Furthermore, we find that the region of early payment as financing equilibrium under Manufacturer Priority, a Pareto zone in which both retailer and manufacturer benefit from early payment, is narrower than that under Retailer Priority, where only retailer benefits from early payment. Finally, we also offer a lots of numerical experiment to support theoretical results and extend to study how market variability has an impact on financing equilibrium in the supply chain under both cases of Retailer Priority and Manufacturer Priority.
报告人简介：
陈祥锋，复旦大学管理学院教授，管理科学系副系主任，入选“2010年教育部新世纪优秀人才支持划”。2006.8-2007.9年在纽约大学STERN商学院从事博士后研究工作，曾分别在Kansas 州立大学、MIT Sloan 管理学院访问学者。 研究领域为运营管理和供应链管理的交叉领域，供应链金融的理论与实践，主持国家自然科学基金项目5项，教育部项目3项。获得全国商业科学技术进步奖一等奖1次，上海市科学技术进步奖三等奖1次。研究成果主要发表Production and Operations Management, European Journal of Operational Research, Annals of Operations Research, and International Journal of Production Economics等，以及《管理科学学报》，《系统工程学报》等。