DocumentCode :
3506633
Title :
Trade Credit Term Determination and Efficiency Invariant Revenue Sharing
Author :
Shi, Xiao Jun ; Zhang, Zhen Xia
Author_Institution :
Sch. of Econ. & Manage., Beijing Univ. of Aeronaut. & Astronaut., Beijing
fYear :
2007
fDate :
21-25 Sept. 2007
Firstpage :
4674
Lastpage :
4677
Abstract :
This paper first proposes an approximation solution to the optimal payment time and credit term with new features of the supplier unit cost function by applying Schwartz´s financing motive theory. Then we solve the problem of efficiency preserving allocating coordination surplus in DEA framework. An explicit formula of allocation is obtained. Two kinds of allocation schemes were contrasted in numerical experiments. Efficiency invariant allocation is proved to be more realistic than Aumann-Shapley schemes.
Keywords :
approximation theory; data envelopment analysis; financial management; retailing; Schwartz financing motive theory; approximation solution; data envelopment analysis; invariant revenue sharing; optimal payment time; supplier unit cost function; supplier-retailer surplus allocation; trade credit term determination; Collaboration; Cost function; Delay effects; Financial management; Investments; Marketing and sales; Partial response channels; Procurement; Supply chains;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2007. WiCom 2007. International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4244-1311-9
Type :
conf
DOI :
10.1109/WICOM.2007.1148
Filename :
4340923
Link To Document :
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