Notation | Definition |
a | Market demand |
d | Quantity competition coefficient between the two channels d∈[0,1] |
ϕ | Equity financing ratio ϕ∈[0,1] |
rm | Interest rate of trade credit rm∈(0,1) |
rf | Bank loans rate/risk-free rate rf∈(0,1) |
pkr,y | Retail prices of the retailer in y scenario under k financing strategy |
qkr,y | The order quantity of the retailer under y scenario under k financing strategy |
πkr,y | Expected payoff of the retailer under y scenario under k financing strategy |
πkm,y | Expected payoff of the manufacture under y scenario under k financing strategy |