基于多阶段存货决策模型度量预购货品Salam的风险研究

Risk Studies of Measuring Pre-purchased Goods Salam Based on Multi-stage Inventory Decision Model

近年来，随着“一带一路”倡议的推进，一带一路沿线国家的金融合作在不断深入发展的同时也面临着诸多挑战．其中伊斯兰金融产品的风险度量问题颇受关注．将传统金融理论及其研究方法运用到伊斯兰金融产品中，首先分析伊斯兰金融产品中的预购货品Salam并建立随机需求下的多阶段存货决策模型，然后借助金融工程理论中的VaR方法对预购货品Salam的风险进行定量分析．结果表明：将传统金融理论和研究方法应用到伊斯兰金融产品的风险度量中去是可行的，并且进一步明确了在伊斯兰金融机构风险偏好下的目标最优成本是如何确定的．上述研究结论的提出，不仅对伊斯兰金融产品的风险控制提供了借鉴和参考，同时也发展和丰富了伊斯兰金融理论．

Recently, with the promotion of ＂One Belt And One Road＂ initiative, the financial cooperation of countries along the ＂One Belt And One Road＂ has been developing continuously and facing many challenges. Among them, the risk measurement of Islamic financial products has attracted much attention. This article will apply the traditional financial theory and its research method to Islamic financial products. First it analyzes the pre-purchased goods Salam of Islamic financial products and establishes a multi-stage inventory decision model under random demand. Then the risk of pre-purchased goods Salam is quantitatively analyzed by using the VaR method of financial engineering theory. The results show that it is feasible to apply the traditional financial theory and research method is applied to the risk measurement of Islamic financial products, and the article helps to clarify how the optimal costis determined under the risk preference of Islamic financial institutionsmuch further. The above conclusions not only provided references and proposal for risk control of Islamic financial products, but also developed and enriched Islamic finance theory.