In real-world transactions, capital constraints restrict the rapid development of the enterprises in the supply chain. The loss aversion behaviors of enterprises directly affect the decision making. This paper investigates the optimal decisions of both the supplier and the capital constrained retailer being loss aversion decision makers under different financing strategies. The capital constrained retailer may borrow from a bank or use the supplier's trade credit to satisfy uncertain demand. With a wholesale price contract, we analytically solve the unique Stackelberg equilibrium under two financing schemes. We derive the critical wholesale price that determines the retailer's financing preference. We identify the impacts of the loss aversion coefficients and initial capital level on the operational and financing decisions. Numerical examples reveal that there exists a Pareto improvement zone regarding the retailer's loss aversion coefficient and initial capital level.

中文翻译：

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资本受限的零售商的避免损失的供应链决策

在实际交易中，资本约束限制了供应链中企业的快速发展。企业的损失规避行为直接影响决策。本文研究了在不同融资策略下，供应商和受资本约束的零售商作为规避损失决策者的最优决策。资金受限的零售商可以向银行借款或使用供应商的贸易信贷来满足不确定的需求。通过批发价格合同，我们可以分析两种融资计划下独特的Stackelberg均衡。我们得出决定零售商融资偏好的关键批发价格。我们确定了损失规避系数和初始资本水平对运营和融资决策的影响。