Optimal Sourcing Model of Manufacturer by Considering Partial Fulfillment under Credit Guarantee Mechanism
Date Issued
2013
Date
2013
Author(s)
Yang, Chu-Han
Abstract
In Taiwan, Small and Medium Enterprises (SME) play an important role in economic development. Operating an enterprise cost much, however, SME have difficulties in obtaining loans from banks and financial institutions because of scanty asset, unsound credit mechanism, credit deficiency, etc. Banks are not willing to lend to SEM which do not have adequate collateral or suitable record of financial transaction to prove that they are creditworthy. For these reasons, credit guarantee schemes are set up with the purpose of offering the collateral and covering some portion of the losses incurred when borrowers default on loans to encourage banks to lend to SEM, moreover, to create economic prosperity.
On the other hand, using partial order shipment and backorder discount can reduce the losses and inventory cost of manufacturer from unavoidable shipment delays by suppliers. This paper combines these concepts as mentioned above by building up a supply chain model which illustrates the credit guarantee scheme that allows supplier to have the second chance to deliver the unfulfilled order to the manufacturer. Our model intends to maximize the profit of manufacturer by applying a nonlinear program to find the optimal solution. Also, the impact on manufacturer’s profit, supplier’s profit, bank’s profit, lending rate and the portion of risk loss between lender and manufacturer under different default possibility and the rate of delivering are analyzed. Finally, some managerial insights are presented to provide useful implications for manufacturer procurement decision.
On the other hand, using partial order shipment and backorder discount can reduce the losses and inventory cost of manufacturer from unavoidable shipment delays by suppliers. This paper combines these concepts as mentioned above by building up a supply chain model which illustrates the credit guarantee scheme that allows supplier to have the second chance to deliver the unfulfilled order to the manufacturer. Our model intends to maximize the profit of manufacturer by applying a nonlinear program to find the optimal solution. Also, the impact on manufacturer’s profit, supplier’s profit, bank’s profit, lending rate and the portion of risk loss between lender and manufacturer under different default possibility and the rate of delivering are analyzed. Finally, some managerial insights are presented to provide useful implications for manufacturer procurement decision.
Subjects
中小企業
信用擔保機制
二次供貨
供應鏈
Type
thesis
File(s)![Thumbnail Image]()
Loading...
Name
ntu-102-R00741041-1.pdf
Size
23.32 KB
Format
Adobe PDF
Checksum
(MD5):3acd89db94208d2eec803332960bb876