导　　师： 王爱虎

学科专业： 1201

授予学位： 硕士

作　　者： ;

机构地区： 华南理工大学

摘　　要： 在过去的几年中,物流金融在全球化的市场中日益受到关注。首先是因为企业降低成本的压力和全球原材料、能源和人力资源成本的不断提高之间的矛盾,导致供应链上的核心企业仅仅关注外包和外采的选择,已不足以应对竞争的挑战。其次,降低成本的需求引发了核心企业对于上游企业延长账期,对于下游企业压货的冲动。这种策略的有效实施必须以不提高上下游成本为基础,因此为了维持整条供应链的有序运行,物流金融成为众多企业的选择。 物流金融中的融资模式和风险控制的研究也正成为物流理论界和业界的热点。但是由于物流金融本身在我国还处于萌芽阶段,在法规制度、行业规范、信用评价体系以及业务流程的规范性上还有很多欠缺,因此对融资模式及风险控制的探讨研究具有很强的理论和现实意义。本文试图在物流金融的主要融资模式下,研究主要物流金融融资模式中的决策收益模型,同时对各个模式下的风险控制方法进行研究。 本文在文献研究的基础上,将物流金融融资的模式按企业的运营阶段不同分为三类,分别为基于预付款的物流金融融资模式,基于存货的物流金融融资模式,以及基于应收账款的物流金融融资模式。通过对于物流企业与中小企业的博弈分析,发现在了物流金融模式下企业的还款意愿更强,一些关键的决策点也可以对风险进行控制。 为了定量的研究各方的决策如何影响收益和风险,在之前分类的基础上,按照第三方物流企业开展业务的流程,分别对三种物流金融融资模式进行了基于随机需求的理论模型建立和收益分析,通过对模型的求解和数值分析,发现了物流金融模式对于供应链中的各方都带来了收益,同时对于如何决策来提高利润,如何控制各个模式下的风险都有了相应的结论。 在之前分类的基础上,本文还针对不同的物流金融融资模式所遇到的风险点进行了分析,基于各个模式的流程提出了风险控制的方法,明晰了不同阶段的主要风险方和风险控制方法。 In the past few years, the logistics finance in the global markets are increasingly concerned. First, because the pressure to reduce costs and global raw materials, energy and human resources cost, the contradiction between the continuous improvement. Supply chain core business focus only on the choice of outsourcing and foreign mining has been unable to respond to competitive challenges. In fact, the demand for lower costs led to extend the core business enterprises account for the upstream and the downstream of the extended enterprise dumping impulse. Effective implementation of this strategy must not increase the cost basis of the upstream and downstream. Therefore, the entire supply chain in order to maintain the orderly operation, logistics finance become the choice of many enterprises. The financing model of logistics finance and risk control of logistics theory is becoming a hot sector and industry. However, due to logistics finance itself in China is still in its infancy, the rules and regulations, industry standards, the credit rating system and standardize business processes, there are a lot of lack. Therefore, risk control and financing of the mode of research has a strong theoretical and practical significance. The main thesis attempts is to study the benefits of logistics financing mode in the classification model, while the risk control method of each mode. In this paper, based on the research literature, the third-party logistics companies in the logistics involved in financial business model according to the different stages divide into three categories. Based on prepayments, inventory and accounts receivable. For the logistics enterprises and SMEs through the game analysis, we found the SMEs in logistics financial model will repay more, some key decision points can also be of risk control. To quantitatively study how the impact of the decision-making parties the benefits and risks, in the previous classification, The three models were based on the theory of stochastic demand model and benefit analysis, by solving the model and numerical analysis. Found that the financial model for the logistics supply chain brings benefits all parties, but for how decisions to increase profits, how to control the risk of each mode has a corresponding conclusion. This paper also different financing model of logistics faced by risks point analysis, based on the process of each mode of risk control methods proposed. The paper base on each mode corresponds to the process of risk control methods, clarity of the parties at different stages of the main risks and risk control methods.

关 键 词： 物流金融 融资模式 风险控制

分 类 号： [F252 F832.2]

领　　域： [经济管理] [经济管理]