Research on Optimal Selection of Financing Lease Rent Repayment Model Based on Default Risk

摘要：

This article firstly analyzes the characteristics of rent repayment and the lessors net profit and risk in two typical rent repayment models,then expounds the method to measure default risk by probability of default,and establishes the model to calculate net profit and select an optimal rent repayment model based on default risk.Finally,a numerical example is used to test the model.The results show that the application of the model can quantify default risk into the lessors net profit,so as to make it possible to compare net profit at different levels of default risk,which will provide an effective basis of decision-making for the lessor to select an optimal rent repayment model.

关键词： Financing lease Rent repayment model Default risk Probability of default Optimal selection

作者: Wenjie HUANG Wei JIANG Yubo ZHANG

作者单位: Business Administration School of North China Electric Power University,Beijing 102206,China

会议类型: 国际会议

会议名称: The 2008 International Conference on Business Intelligence and Financial Engineering(BIFE 2008)(商业智能和金融工程国际会议)

会议地点: 长沙

会议语种:英文

页码: 401-407

在线出版日期: 2008-10-28（万方平台首次上网日期，不代表论文的发表时间）