【作者】 高鹏；

【导师】 孙武军；

【作者基本信息】 南京大学 ， 金融学， 2017， 硕士

【摘要】 在我国供应链金融迅猛发展的背景下,我国供应链保险的推进进程却非一帆风顺,目前仅有一种供应链保险险种(农产品价格指数保险),折射出供应链保险的创新乏力。在学术界,对供应链协调契约的研究由来已久,但关于利用保险机制协调易逝品供应链的理论研究仍旧较少,且集中于供应链内部成员之间签订的保险契约,并非真正可市场化的保险产品。基于上述原因,本文选取单供应商、单零售商所构成之单周期型易逝品二级供应链作为研究对象,针对其存在的"双重边际化"问题,创新提出引入市场化商业保险机制以协调供应链,希望既可拓宽供应链协调理论研究边界,又能支持供应链保险领域实践创新。本文以供应链内部化的保险契约为基础,考虑了库存监管的信息不对称问题,建立了参与主体风险中性、参与主体风险厌恶、突发事件风险情形下的三种供应链模型,基于理论推导与算例分析,对利用市场化保险机制协调易逝品供应链的设想进行了探讨,得到三个主要结论:第一,针对三个模型中不同的易逝品供应链,引入市场化保险机制均能够协调供应链,但供应链协调的约束条件有异;第二,利用市场化保险机制协调由风险厌恶型参与主体组成的供应链,其难度大于协调参与主体风险中性的供应链;第三,一般情形下引入保险机制是突发事件风险下引入保险机制的特例,且不同类型的突发事件对利用保险机制协调易逝品供应链的影响不同。最后,我们向供应链参与方、保险公司及政府部门提供了管理建议,并提出了引入市场化保险机制协调易逝品供应链的"两步走"实施路径:第一步,先由政府机构通过运用保费补贴、税收减免等政策工具,引导保险公司针对一些关系国计民生的易逝品品类开发新型供应链保险险种,试点介入供应链协调与管理过程;第二步,待保险公司的介入能够有效降低供应链库存监管总成本之后,政府支持便可择机退出,从而营造公平的市场竞争环境,使供应链保险险种实现市场化运作,保险公司可将其推广并覆盖至更多的易逝品品类,进而实现不同类型易逝品供应链之间的风险对冲。更多还原

【Abstract】 Under the background of China’s flourishing supply chain finance,the progress of China’s supply chain insurance is not that smooth.There is only one kind of supply chain insurance(i.e.Agricultural Products Price index Insurance),which reflects the innovation deficiency in products of supply chain insurance.In academic circles,the research on supply chain coordination contract has a long history.However,the theoretical studies about supply chain insurance are still rare.Moreover,the existing articles focus on the insurance contract which signed by the supply chain agents,far from a market-oriented insurance product.Due to the previous reasons,on account of the double marginalization problem in a two-echelon supply chain of perishable goods with one retailer and one supplier,this paper proposes to utilize market-oriented insurance mechanism to coordinate the supply chain.This paper hopes to not only broaden the theoretical research border of supply chain coordination contract,but also provide theoretical support for the innovation of supply chain insurance in practice.On the basis of supply chain coordination insurance contract,the present paper considers the asymmetric information in inventory management and builds three models which include risk-neutral agents,risk-averse agents and under emergency risks.Through modeling and numerical studies,this paper investigates the problems about how to utilize market-oriented insurance mechanism to coordinate the supply chain of perishable goods.After that,there come three main conclusions.First,for the three different supply chains of perishable goods in three models,the market-oriented insurance mechanism can coordinate the supply chain,but the constrain conditions of supply chain coordination are different.Second,the supply chain with risk-averse agents is more difficult to coordinate than the risk-neutral supply chain with market-oriented insurance mechanism.Third,introducing insurance mechanism in ordinary situation is a special case of introducing insurance mechanism under emergency risks,and different kinds of emergencies have diverse impacts on supply chain coordination.At last,the paper provides management suggestions and advice for the supply chain agents,insurance companies and government agencies respectively.A two-step strategy to introduce insurance mechanism to coordinate supply chain is also proposed.The first step is that the government agencies utilize premium subsidies,tax breaks and other policy tools to guide the insurance companies to develop new kinds of supply chain insurance product for some important perishable products which are relevant with national economy and people’s livelihood.Then,the insurance companies can get involved in the supply chain management progress,cooperate with the supply chain agents and accumulate experience of supply chain management.The second step,after the total cost of inventory management being reduced,the government support can be stopped,thus creating an fair market competition environment and making the supply chain insurance product market-oriented operated.Then,insurance companies can promote the it to cover more categories of perishable goods,and hedge the risks between different kinds of supply chains.更多还原