以动态库存管理为基础的物流存货质押融资分析

Analysis of Logistics Inventory Pledge Financing Based on Dynamic Inventory Management

针对物流存货质押融资风险管理体系不完善和存货质押率确定不科学等问题,构建了一种动态库存管理下物流业参与存货质押融资的风险-收益决策模型,利用逆向归纳法计算借方违约风险,按照动态库存管理下存货质押融资质押率与质押时限、库存数量以及借方信誉之间的关系,计算出在质押率最优情况下的借方现金流、物流业参与存货质押融资最大效益,通过物流存货抵押融资风险-收益模型确定最优决策,并进行仿真分析。结果显示,所建立模型可以找到一个风险最小化-收益最大化的平衡点,为动态库存管理条件下的最优存货质押融资决策提供了一种简单实用的工具。

In this paper, in view of the problems in the risk management system of the logistics inventory pledge financing business, we built the risk-revenue decision-making model of the inventory pledge financing businesses participated in by the logistics enterprises under the practice of dynamic inventory management, introduced the decision-making process of the enterprises under such model and at the end, subjected it to a simulation analysis.