Game Analysis Of Supply Chain Finance Strategy Research Based On Blockchain Technology

At the present environment of the ongoing epidemic situation,the small and medium-sized enterprises(SMEs),as suppliers,are experiencing serious financial distress problems that urgently need to be addressed by effective financing tools and innovative management models.Order-to-factoring allows the well-qualified retailer to provide financing guarantees for the supplier who are short of funds,and effectively solving the problem of reduced orders and difficult financing for the supplier.Moreover,with the efficient development of blockchain technology at home and abroad,the integration of its development with supply chain finance has expanded the application areas of the blockchain technology.Through the characteristics of the blockchain technology,it can ensure the integrity,effective transferability and traceability of information of all parties of the core enterprises,which can more effectively help MSMEs to cope with the problems of expensive financing and difficult financing.This paper focuses on the following parts of the strategy research for supply chain finance under the blockchain technology: Firstly,we constructed three types of Stackelberg game models,namely decentralized decision making,centralized decision making and revenue sharing,and compared and analyzed the pricing strategies and benefit distribution coordination mechanisms of supply chain members;Secondly,a three-tier supply chain cooperation game model consisting of suppliers,manufacturers and retailers is constructed to study the pricing strategy of three-tier supply chain finance based on the blockchain technology.And the Shapley value in the cooperative game solution is used to coordinate the allocation of total supply chain benefits.The main innovations of the thesis are as follows.First,the research literature has shown that decentralised decision making in the order-to-factor financing model makes it less profitable for the retailer making the guarantee and does not significantly improve supply chain efficiency.Accordingly,this paper constructs a supply chain revenue sharing coordination game model based on the order-to-factor model.Further,the equilibrium solutions of three types of Stackelberg game models,decentralised decision making,centralised decision making and revenue sharing,are compared and analysed,it illustrates that the revenue sharing coordination mechanism provides a new operational management model for the win-win coordinated development of suppliers and retailers.Finally,the numerical analysis of benefits validates the reasonableness of the model and its conclusions.Second,the existing research on supply chain finance under blockchain technology mainly focuses on secondary supply chain finance,and there is a lack of research on tertiary supply chain finance with blockchain technology,however,blockchain technology provides security for the cooperation of supply chain finance members and improves the total return of the supply chain.Therefore,the distribution of profits after the cooperation of supply chain members is a key issue for the stable development of supply chain finance.To address this problem,this paper constructs a cooperative game model of the supplier,manufacturer and retailer to study the pricing strategy of supply chain finance based on blockchain technology.And the Shapley value of the cooperative game is used to rationalise the total supply chain benefits.Finally,numerical examples are used to illustrate the validity and reasonableness of the model and conclusions.