Inventory Financing Credit Decision Based On Rough Set Theory

The Inventory Financing business get rapid development for it meets the multi-agents’ needs. While due to poor risk management, the breach got rapid developed. Based on risk and return, the banks’ loan and the credit crunch does not comply with the decision-making process of the credit decisions, and it ignores the situation the business might delay decisions when banks’ risk-benefit is difficult to measure. In addition, Inventory Financing is to provide financing services for small and medium enterprises (SMEs) which need the participation of logistics enterprises. In different business models, policy makers will change, and revenue distribution is also different in special business model.Therefore, the rough set based Three-way Decision is introduced into the credit decision of stock pledge business. Focusing on the threshold and a priori probabilities, a priori probability theory model based on rough set attribute reduction is given. We introduce the signal acquisition costs and capital time cost into the delaying decision, estimate the expected revenue through the judging accuracy impacted by signal, and obtain the termination condition and decision threshold. Further, the in-depth analyses of different business models are made. By applying the principal agent theory, the optimal bank’s incentive and supervision to logistics enterprises is analyzed, and the decision threshold is given. It also gives the decision threshold when the two sides of the business, banks and logistics companies, do the decision making simultaneously. Lastly, an empirical analysis about two different situations is done, and the influence of different factors on the decision threshold is got.The result shows that the credit decision can be impacted by interest rate, pledge rate, supervision freight of logistics enterprise and supervision level of bank. The borrowing venture has two ways to favorably get the bank financing:one is to offer stable pledge with little price fluctuation or accept the lower pledge rate of the bank, the other is to accept higher financing cost in preliminary negotiation. Under the risk pooling circumstance, it is easier to develop the business with certain risk pooling for the logistics company, whereas the complete risk pooling is not the best way to expand the business. The bank should deeply cooperate with the logistics company and jointly conduct the business. In addition, the logistics company can effectively boycott the lending for the high-risk business of bank when it participates the business decision, and thus decreases the business risk as a whole.