Supply Chain Financing Strategy for Capital-Constrained Manufacturer under Carbon Trading Mechanism
In a two-tier supply chain consisting of a single manufacturer and a single retailer,this paper ex-plores the supply chain financing model selection strategy for capital-constrained manufacturers under a carbon trading mechanism.By employing game theory methods,the paper constructs an equilibrium decision model for two financing modes of manufacturers under the carbon trading mechanism:bank financing and advance pay-ment.The research results show that an increase in the carbon trading market price will expand the retailer's pur-chase quantity and the manufacturer's carbon emission reduction,but it will also lead to an increase in the manufacturer's wholesale price.The optimal purchase quantity and carbon emission reduction in a capital-con-strained supply chain are both lower than the optimal decisions in a non-capital-constrained scenario.When the bank financing interest rate is lower than the retailer's advance payment cost,the manufacturer will choose bank financing to achieve a Pareto optimal profit for the upstream and downstream enterprises in the supply chain.Conversely,advance payment is the optimal financing equilibrium strategy for both the manufacturer and the retailer.The conclusions further enrich the theoretical achievements of low-carbon supply chain finance and provide decision references for manufacturers to engage in low-carbon production and financing model selection.
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维普
