Optimization Research On Income And Withdrawal Rates Of Exporting Offshore/in-transit Inventory Financing

In recent years,the lack of funding and financing difficulty restricts the development of small and medium export enterprises.At the same time,due to the increasing competition in shipping,the shipping company pays efforts to improve the quality of transportation services,and the value-added service of the supply chain has been extended.Exporting offshore/in-transit inventory as a new type of supply chain financing model arises at the historic moment.However,due to the small and medium-sized export enterprises have a higher demand for money and a fast rhythm of capital turnover,making the problem of cargo price and demand uncertainty and information asymmetry more seriously.Therefore,carrying out the research on optimization decisions on income and withdrawal rates of shipping company under exporting offshore/in-transit inventory financing under the condition of price and demand uncertainty contributes to the risk control of shipping company,and it is of great theoretical and practical significance.This paper studied on the problem of optimization decisions on income and withdrawal rates of shipping company under exporting offshore/in-transit inventory financing.In allusion to the products with Brownian motion process price,this paper analyzed the benefits and risks of shipping company under the condition of price and demand uncertainty.Then the optimal model of income rate of shipping company was established considering the factors of dynamic discount rate and permission of importer repeatedly delivery after bringing in the downside-risk limit constraint,aiming at maximizing the expected profit.And the optimal income rate was obtained based on the differential method.Then the withdrawal rate was obtained further according to the principle of benefits reciprocity equal to risks after the optimal model of withdrawal rate of shipping company was established.The applicability and effectiveness of the models was verified through the numerical simulations.The result shows that shipping companies,exporters and banks are better able to achieve their own interests under exporting offshore/in-transit inventory financing.Besides,the optimal income and withdrawal rates of shipping company positively correlate to the initial price,negatively correlate to loan-to-value and the ability level of shipping company.The findings can provide a scientific basis for the decisions of exporting offshore/in-transit inventory financing.