Default parameter table for simulation.

The effect of demand uncertainty reduction (DUR) on supply chain management has received tremendous attention. From a financial perspective, studying the impact of DUR is equally significant. This study explores the relationship between DUR and private equity (PE) financing in retail enterprises within a supply chain, which comprises a dominant supplier and a subordinate retailer. This article establishes decision models for a retailer backed by PE under three market demand conditions: range, mean, and range with mean. The study further investigates the impact of partial demand uncertainty reduction (PDUR) on the retailer and PE through comparative analysis of these scenarios. To address incomplete market demand information during the decision-making process, the study employs the minimax regret criterion to construct and solve the model. An intriguing finding of this study is that contrary to intuition, PDUR not only fails to promote PE but also reduces the retailer’s willingness to finance and decreases the asset size for both the retailer and PE. In addition, the better the growth potential for the retail enterprise, the more severe the negative impact brought about by PDUR. Moreover, the impact of PDUR on supplier and supply chain performance is two-fold. PDUR based on range information has a negative impact on the expected profit of the supplier and the supply chain, while PDUR based on mean information has a positive impact on their expected profit.

需求不确定性降低（DUR）对供应链管理的影响已受到广泛关注。从财务角度来看，研究DUR的影响同样具有重要意义。本研究探讨了DUR与零售企业供应链中私募股权（PE）融资之间的关系，该供应链由一家主导供应商和一家从属零售商组成。本文针对PE支持的零售商在三种市场需求条件下建立了决策模型：范围、均值以及范围与均值的组合。研究进一步通过比较分析这些场景，探讨了部分需求不确定性降低（PDUR）对零售商和PE的影响。为了解决决策过程中市场需求的缺失信息，研究采用了最小-最大遗憾准则来构建和求解模型。本研究的一个有趣发现是，与直觉相反，PDUR不仅未能促进PE的发展，反而降低了零售商的融资意愿，并减少了零售商和PE的资产规模。此外，零售企业的增长潜力越好，PDUR带来的负面影响就越严重。此外，PDUR对供应商和供应链绩效的影响具有双重性。基于范围信息的PDUR对供应商和供应链的预期利润产生负面影响，而基于均值信息的PDUR则对其预期利润产生正面影响。