Digital Technology-empowered Decision-making and Innovation in Prepayment Financing Payment Management of Supply Chain
With the robust growth of the digital economy,the integration of digital and physical realms has emerged as a pivotal force driving high-quality economic development,thereby pioneering innovative pathways for the supply chain finance to serve the real economy.This paper aims to investigate how digital technologies,particularly blockchain,can empower decision-making and innovation in the management of prepayment financing within the supply chain.A two-tier supply chain model is constructed comprising one manufacturer and a single retailer,examining the impact of digital technology on the operational and financial integrated decision strategies of prepayment financing models under conditions of capital constraints faced by upstream manufacturers.The findings reveal that the digital technology can significantly enhance the efficiency of capital circulation within the supply chain,reduce transaction costs and credit risks,thereby fortifying the supply chain's stability and overall competitiveness.Moreover,the conditions and application strategies are also explored for digital technology to enable Pareto improvements in payment management,offering a novel perspective and approach for the robust development of supply chain finance.The mainly contributions are as follows:Firstly,by constructing a mathematical model for the decision-making of prepayment financing in the supply chain empowered by digital technology,it expands the theoretical research domain of supply chain finance.It not only discusses the application of digital technology in supply chain finance and the impact on corporate operations and payment management,but also provides a quantitative analysis of the impact of digital technology on supply chain prepayment financing and corporate profits,offering new theoretical perspectives and analytical tools for the field of supply chain finance.Secondly,different from most qualitative researches,this paper employs quantitative analysis methods such as game theory and optimization theory to study the integrated operational and financial decision-making strategies under the prepayment financing model of the supply chain,which provides a novel technical approach to addressing practical issues in supply chain finance,which is conducive to enhancing the scientific and practical nature of supply chain finance research.Thirdly,the conclusions can assist enterprises in effectively utilizing digital technology for innovative payment management,optimizing capital flow,reducing operational costs,and enhancing the overall competitiveness of the supply chain.Additionally,it provides references for financial institutions and government departments to formulate relevant policies,which are beneficial for promoting the healthy development of supply chain finance and supporting the quality and efficiency improvement of the real economy.
digital technologysupply chainprepayment financingpayment managementblockchain
万方数据
维普
