Dynamic Analysis of a Competition-Cooperation Enterprise Cluster with Core-Satellite Structure and Time Delay

Core and satellite structure is one of the common structures in enterprise clusters. In core and satellite structure, there are one core enterprise and at least two satellite enterprises. There exist a competitive relationship between satellite enterprises and a cooperative relationship between satellite enterprise and core enterprise. However, the dynamic evolution of competition-cooperation enterprise clusters with core-satellite structure is not well understood. In this paper, a novel competition-cooperation enterprise cluster model with core-satellite structure is proposed. The boundedness of the positive equilibrium is investigated. It is found that there exists upper bound of both core enterprise output and satellite enterprise output and the upper bound of core enterprise not only depends on its own production capacity but also depends on the production capacity of two satellite enterprises. Then, by selecting the production period as bifurcating parameter, the conditions of local stability and Hopf bifurcation are obtained. Once the production period passes a critical value, the output of both core enterprise and satellite enterprise loses stability and displays periodic fluctuations. This may lead to the decline of efficiency of enterprise and resource mismatch. Furthermore, the fluctuation properties are studied. Finally, a numerical example is presented to show the effectiveness of theorem.

The credit analysis of transportation capacity supply chain finance based on core enterprise credit radiation

This study examines the application of the business model of supply chain finance depending on the core enterprise, to the credit financing of transportation capacity enterprises. It studies the credit transmission characteristics regarding core enterprise credit radiation, presents the core enterprise credit segmentation and credit pricing, and transforms them into the calculation of credit guarantee and the default probability of core enterprises. Credit guarantee is regarded as a constraint of financial institutions’ credit decisions. Using probability density and logistic tools, we construct a profit maximization model for financial institutions and solve their optimal credit decision for a specific interest rate. Through numerical experiments, we verify the validity of the model and conclude that increasing the business volume between financing enterprises and core enterprises or reducing the probability of default can effectively improve financial institutions’ credit line.

Financial Credit Risk Evaluation Based on Core Enterprise Supply Chains

Supply chain finance has broken through traditional credit modes and advanced rapidly as a creative financial business discipline. Core enterprises have played a critical role in the credit enhancement of supply chain finance. Through the analysis of core enterprise credit risks in supply chain finance, by means of a ‘fuzzy analytical hierarchy process’ (FAHP), the paper constructs a supply chain financial credit risk evaluation system, making quantitative measurements and evaluation of core enterprise credit risk. This enables enterprises to take measures to control credit risk, thereby promoting the healthy development of supply chain finance. The examination of core enterprise supply chains suggests that a unified information file should be collected based on the core enterprise, including the operating conditions, asset status, industry status, credit record, effective information to the database, collecting related data upstream and downstream of the archives around the core enterprise, developing a data information system, electronic data information, and updating the database accurately using the latest information that might be available. Moreover, supply chain finance and modern information technology should be integrated to establish the sharing of information resources and realize the exchange of information flows, capital flows, and logistics between banks. This should reduce a variety of risks and improve the efficiency and effectiveness of supply chain finance.