Abstract
Supported by the agricultural technology, the intelligent agricultural development is flourishing. However, due to the high technology cost and investment risk, intelligent agriculture in China is still in the exploration stage. This article designs the appropriate cost sharing mechanism under the two-stage supply chain system, which composes of a farmer, a core enterprise and a commercial bank. With the comparison between commercial bank financing model and the buyer guarantees financing model, this paper researches the optimal decisions of supply chain members and the influence of the cost-sharing ratio, technical input gain effect and the buyer guarantees ratio. The results show that the profit will increase with the add of technical input gain effect. Besides, only under certain conditions, cost sharing is valuable to each member. Finally, numerical examples show existing an optimal interest rate spread area that all members would benefit from the buyer guarantee financing model.
Highlights
Modern agriculture is based on equipment and digitization, information technologies such as 5G, artificial intelligence, data center, full scene + smart warehouse
The results show that compared with bank financing, the discount financing model of advance payment cannot realize the Pareto improvement of supply chain members
This paper mainly explores the smart agricultural supply chain including the farmers, core enterprises and commercial banks who are short of funds
Summary
Modern agriculture is based on equipment and digitization, information technologies such as 5G, artificial intelligence, data center, full scene + smart warehouse. Based on the above practical problems, this study takes the agricultural random output factor into consideration, explores the value of technology input cost sharing under the background of smart agriculture, and analyzes the supply chain finance problems of buyer. The above literatures analyzed the agricultural random output problem and the agricultural supply chain secured financing problem from different perspectives, but seldom considered the cost sharing strategy of technical input under the smart agriculture, and seldom discussed the uncertain buyer guarantee financing model and financing balance problem on the supply side. Based on the intelligent agricultural supply chain with random output of agricultural products, this paper introduces the cost sharing mechanism of scientific and technological input, studies the financing mode of commercial banks and the guaranteed financing mode of core enterprises, and analyzes and solves the problem of farmers' capital constraints. Π, Ω, Θ represent the profits of farmers, buyers and commercial banks respectively
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