跳至主要内容

Simulation of Game Model for Supply Chain Finance Credit Risk Based on Multi-Agent

Read  full  paper  at:
http://www.scirp.org/journal/PaperInformation.aspx?PaperID=53110#.VLXH98nQrzE

Author(s)   
 
ABSTRACT
Supply chain finance is an efficient method to solve SME’s financing problem. A core issue is to simulate the supply chain finance system’s real operations. To solve the problem, this paper designs a simulation model for supply chain finance based on Simon’s bounded rationality with multiagent simulation technique instead of absolute rationality. The influences of the behaviors of bank, SME and warehousing company on credit risk of the supply chain finance are simulated and managerial insights are given. The research can help to reduce credit risk of bank loan while increasing the supply chain system’s benefit.
 
Cite this paper
Su, Y. and Lu, N. (2015) Simulation of Game Model for Supply Chain Finance Credit Risk Based on Multi-Agent. Open Journal of Social Sciences, 3, 31-36. doi: 10.4236/jss.2015.31004.
 
References
[1]Berger, A.N. and Asli, D.K. (2004) Bank Concentration and Conference: An Evolution in the Making a Conference Sponsored by the Federal Reserve Bank of Cleveland. Journal of Money, 6, 433-451. http://dx.doi.org/10.1353/mcb.2004.0040
 
[2]Busch, L. (2008) Supply Chain Finance: Flexibility and Ease of Implementation. Institutional Investor-International Edition, 1, 18-19.
 
[3]Kerr, J. (2006) Streamlining the Cash Flow. Supply Chain Management Review, 10, 25-31.
 
[4]Camerinelli, E. (2009) Supply Chain Finance. Journal of Payments Strategy & Systems, 3, 114-128.
 
[5]Buzacott, J.A. and Zhang, R.Q. (2004) Inventory Management with Asset-Based. Financing Management Science, 50, 1274-1292.
 
[6]Ma, J. (2008) Financing Model Analysis and Risk Control of Supply Chain Finance. Ph.D. Economics Thesis, Tianjin University, Tianjin.
 
[7]He, Y.Q. and Guo, T.T. (2010) Game Model Analysis of SMEs Financing Behavior Based on Supply Chain Financing Modes. Journal of Nanchang University (Engineering& Technology), 6, 183-187.
 
[8]Wan, H.D. (2008) Supply Chain Finance Risk Model Analysis Study. On Economic Problems, 11, 109-111.
 
[9]Axelrod, R. (2007) The Evolution of Cooperation. Revised Edition, Wu J. Z. Shanghai People’s Publishing House, Shanghai.
 
[10]Zhang, T., Sun, L.Y. and Fang, C. (2002) A Study of Simulation in Repeated Game Based on the Evaluation of the Cu- mulative Aspiration Tense. Systems Engineering, 3, 87-91.
 
[11]Liu, J.J. and Wang, J.Y. (2007) Research of Simulation in Evolutionary Game Based on Multi-Agents. Computer & Digital Engineering, 4, 1-3.
 
[12]Friedman, D. (1991) Evolutionary Games in Economics. Econometrics, 5, 637-666.               eww150114lx

评论

此博客中的热门博文

Does Immigration Promote the Investment of the Monopolistic Firm?

In the present paper, we examine the effect of increasing uncertainty of immigrants’ growth on the optimal timing of investment of a firm that has a monopolistic power over the labor market. It is revealed that when the uncertainty of immigrants’ growth is more than a threshold level, increasing uncertainty of immigrants’ growth accelerates the optimal timing of firms’ investment and enhances the economic growth, even if the uncertainty of immigrants’ growth is formulated by the geometric Brownian motion, which is in sharp contrast to the standard result that an increase in the uncertainty postpones the optimal timing. With an increase in the immigrants over the past ten years, workforces in the host countries have been growing significantly to the extent that the immigrants represent 70% of the increase in the workforce in Europe, and 47% in the United States as OECD indicates. In the present paper, we attempted to investigate the effect of increased uncertainty caused by the growi...

Education Policy Implementation: A Mechanism for Enhancing Primary Education Development in Zanzibar

Education is one of the fundamental rights of individuals; therefore, the government of a country needs to develop and strengthen educational policy and quality as well as to ensure that everyone has equal access to basic education. The improvement of access and quality of education in the world is becoming as an essential factor in development, whereas the basic education (primary school), is acknowledged as a foundation of the higher educational development for every country. To fulfill this goal, governments introduce several policies and procedures; however, it requires some reforms and participation from the politician, policymakers, and other stakeholders to re-examine educational policy so that it can lead to multiplication and betterment of the reforms. Educational reforms actually focus on accountability. A positive educational development and reform is very challenging and needs more effort and strategy on how to use and utilize the resources effectively as such it can achie...