Abstract：In this paper, decision models of nonrecourse factoring and recourse factoring are developed respectively in a supply chain which includes a supplier, a factor and a retailer. Base on the models, the optimal discount rate of factoring is found, and then the factoring choice scenarios in the decentralized decisionmaking mode and the centralized decisionmaking mode are given. Finally, it studies the influence of the retailer’s administrative cost of bankruptcy and the retailer’s working capital on the discount rate of factoring as well as the factoring choice of the supplier and the factor by numerical example and sensitivity analysis.
张晓建,沈厚才,李娟,陈一凡. 存在破产成本的保理决策研究[J]. J4, 2013, 10(8): 1223-.
ZHANG Xiaojian,SHEN Houcai,LI Juan,CHEN Yifan. A Study on the Factoring Decisions When Bankruptcy Costs Exist. J4, 2013, 10(8): 1223-.
2013, Vol. 10 
