Small and Medium-Sized Enterprises Closed-Loop Supply Chain Finance Risk Based on Evolutionary Game Theory and System Dynamics

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  • (Finance School, Shanghai University of Finance and Economics, Shanghai 200433, China; Management School, Hubei University of Arts and Science, Xiangyang 441053, Hubei, China)

Online published: 2016-06-30

Abstract

After building a dynamic evolutionary game model, the essay studies the stability of the equilibrium in the game between the commercial banks and the closed-loop supply chain (CLSC) enterprises. By design of systematic mechanism based on system dynamics theory, capital chains of independent small and medium-sized enterprises (SMEs) on CLSC are organically linked together. Moreover, a comparative simulation is studied for the previous independent and post-design dependent systems. The study shows that with business expanding and market risk growing, the independent finance chains of SMEs on CLSC often take on a certain vulnerability, while the SMEs closed-loop supply chain finance system itself is with a strong rigidity and concerto.

Cite this article

ZHANG Cheng (张 诚) . Small and Medium-Sized Enterprises Closed-Loop Supply Chain Finance Risk Based on Evolutionary Game Theory and System Dynamics[J]. Journal of Shanghai Jiaotong University(Science), 2016 , 21(3) : 355 -364 . DOI: 10.1007/s12204-016-1733-0

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