risk migration in supply chain inventory financing service迁移风险在供应链库存融资服务.pdf

Journal of Service Science and Management, 2011, 4, 222-226 doi:10.4236/jssm.2011.42026 Published Online June 2011 (http://www.SciRP.org/journal/jssm) Risk Migration in Supply Chain Inventory Financing Service 1 2 Zheng Qin , Xiaochao Ding 1School of Information Management and Engineering, Shanghai University of Finance and Economics, Shanghai, China; 2Informa- tion Engineering College of Yangzhou University, Yangzhou, China. Email: {morris.brenna, federica.foiadelli, dario.zaninelli}@polimi.it, cristina.roscia@unibg.it Received January 17th, 2010; revised March 17th, 2011; accepted April 7th, 2011. ABSTRACT Inventory financing affects the risks of both for banks and supply chain companies. Traditionally, supply chain research focus more on material flow than financial. We construct a supply chain financing risk-information migration model (RMM). In this model, we discussed the preconditions to adopt inventory financing when the enterprises are facing cash constraints. And we simulated the whole operate of supply chain and bank behavior with Matlab. The simulation result shows if loan conditions are satisfied, the total risk value is reduced. Risk migration happens in the financing process. In this process , information-risk proportions are more reasonable. Keywords : Supply Chain, Inventory Financing , Value of Risk 1. Introduction [4]. Aberdeen Group defines Supply Chain Finance (SCF) as “a combination of Trade Financing provided by a fi- Modern corporate finance theory is founded on the nancial institution, a third-party vendor, or a corporation proposition that financial capital is supplied to firms by