As Security For Loans Based On Inventory, Logistics And Financial Services Contract Research

The rapid development of the domestic logistics industry aggravates the competition environment. The traditional logistic service is facing a hard situation, Logistics-finance, with its higher append-value and perfectly performance in both logistics and finance, is now becoming more and more popular. Logistics-finance bring profit to all the participants—bank, logistics company and the company who Applies for loans. Thanks for logistics-finance, companies who need money find a new financing channel.Logistics-finance is now a hot point in the logistic theoretic research field. Many scholars did their research by different way, but they have something in common--their researches are all qualitative. For example, they discussed the benefits and models that a logistics-finance have. Quantificational researches can rarely be seen. Because of the lag of quantificational researches, logistics-finance meets some problem in its developing way. This make it a critical problem that how to distribute the profit.In order to solve this problem, this paper will do the quantificational researches by the way of contracts .In this paper, participants in the logistics-finance service are divide into tow sides, one is the ones who provide the service—banks and logistics companies who lend the money, the other is ones who receive the service—the companies who borrow the money. This paper make a summarize of logistics-finance at first, then take the participants' cost and benefits into consideration to obtain the goal function. In the analyzing part, loan discount rate will be fixed first. Then both sides' benefits would be discussed under the variable of loan rate, the loan rate where service provider's benefit is maximized will be found. Marginal-substitute-rate will also be calculated. With the case study in inventory pledge loan logistics-finance model, this paper discusses the three models under the given parameters and tries to find the numerical solution. Then this paper will compare the advantages and disadvantages of different contractual model and give some advice to the logistics-finance participants.