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Small and medium-sized enterprises closed-loop supply chain finance risk based on evolutionary game theory and system dynamics

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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.

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Authors and Affiliations

  1. Finance School, Shanghai University of Finance and Economics, Shanghai, 200433, China

    Cheng Zhang  (张 诚)

  2. Management School, Hubei University of Arts and Science, Xiangyang, 441053, Hubei, China

    Cheng Zhang  (张 诚)

Authors
  1. Cheng Zhang  (张 诚)
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Correspondence to Cheng Zhang  (张 诚).

Additional information

Foundation item: the Natural Science Research Fund of Hubei Province (No. 2014BDH121)

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Zhang, C. Small and medium-sized enterprises closed-loop supply chain finance risk based on evolutionary game theory and system dynamics. J. Shanghai Jiaotong Univ. (Sci.) 21, 355–364 (2016). https://doi.org/10.1007/s12204-016-1733-0

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  • DOI: https://doi.org/10.1007/s12204-016-1733-0

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