Supply Chain Financing Model with Data Analysis Under the Third-Party Partial Guarantee.

With respect to a two-level supply chain which is comprised of a core retailer and a capital-constrained manufacturer under the background of digital economy, this paper use the Stackelberg game model and data simulation analysis to investigated the influence of the third-party partial guarantee on the decision-making of accounts receivable financing in the supply chain. With the consideration of retailer’s financing risk, this paper points out that the guarantee cost undertaken by the manufacturer can reduce the financing interest rate provided by the financial institution and improves the loan-to-value ratio of the financial institution. Meanwhile, retailer under-taken the guarantee cost will reduce the double marginalization effects to the supply chain financing operation, and then promoting the coordination of the supply chain. When the third-party guarantee company is introduced to the supply chain accounts receivable financing, the optimal decision is that the guarantee cost is undertaken by the retailer. Finally, the simulation analysis is conducted to verify the results of this research.