The Multi-objective Decision Of The Exporting Offshore/in-transit Inventory Financing Under The Background Of The Belt And Road

The project of the Belt and Road is useful for enterprises in China to strengthen cooperation with enterprises in the countries along the Belt and Road in the economic field.The small and medium enterprises play an important role in these enterprises.However,it is difficult for these small and medium enterprises to get the financing from the financial organizations because of the small scale and the low fiscal transparency.In the meantime,the logistics enterprises are in a fiercely competitive market and it causes the falling profits.In order to improve the advantage and comprehensive strength in their field,the logistics enterprises need to promote the business model.To solve the aforementioned problems,the exporting offshore/in-transit inventory financing mode is proposed.In this mode,the financial organizations corporate with the logistics enterprises to provide capitals for the borrowing firm,and they conduct the whole process supervision for the goods in pledge.The mode is helpful to solve the financing problems for the borrowing firm and upgrade the business for the logistics enterprises.When the logistics enterprises conduct the exporting offshore/in-transit inventory financing business,there are many differences in some fields,such as the credit standing of the borrowing firms,the goods in pledge and the political risks of the importing country.The logistics enterprises need to consider the credit risks of the borrowing firm,the market risks of the goods in pledge and the political risks of the importing countries,and it is useful to ensure the safety and profitability of the business.Thus,it is very important for the logistics enterprises to study how to distribute reasonably the credit limit to the borrowing firms under the background of considering the risks and profits.For solving the credit limit distribution problem,after considering exporting offshore/in-transit inventory financing process,the paper conducts weigh and consider balance for the risks and profits from the perspective of the logistics entertainments.The maximum profit and the minimize risk are selected as the objectives.The quantization for the political risks of the importing countries,the credit risk of the borrowing firm and the market risk of the goods in pledge is conducted to establish the multi-objective optimization model.Then,based on the Simulated Annealing Algorithm and the NSGA-?,the hybrid algorithm is proposed to solve the model to get the Pareto front.Then,based on the sensitivity ratio,the solutions in the Pareto front are compared with each other in according with the dominating relationship,and every bias of the Pareto non-inferior solution to the objectives is obtained.It is helpful for decision makers to select the satisfied solution.Finally,an example is used to prove that the multi-objective optimization model is effective.To sum up,the innovations are listed as follows:(1)considering risks,the exporting offshore/in-transit inventory financing mode is proposed;(2)the new hybrid algorithm is proposed to solve the mode;(3)this paper proposes a quantitative method that is based on the performance-price ratio to analyze the Pareto front.The results of this paper provide the scientific basis and theoretical support for logistics entertainments to conduct the exporting offshore/in-transit inventory financing business.