The Application of VaR in Risk Measure of Inventory Management
As economic globalization being forwarded and the whole world market being integrated, enterprises in China are now facing more complex systemic and non-systemic risks after entering into the WTO, and the importance of process management becomes more prominent in supply chain. Current literatures on the quantization of supply chain management are generally limited to applications of the financial management, and more focused on the quantization and cost value of inventory, there are few from estimating and quantifying the risk of inventory. The paper applies VaR method, which is often used in finance, into analyzing risk management of inventory in the physical field. Through sequential Variance-covariance methods of the rate of price revenue, the paper establish the risk management model of inventory in order to help enterprises handling with some risks, such as inflation, and provide support for making correct decision to assessing inventory management.
VaR Physical Risk Management China Inventory Management Sequential Variance-Covariance Methods of Rate of Price Revenue
YUAN Fang
The research institute for science, Shanghai Maritime University
国际会议
2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)
烟台
英文
1-5
2008-08-14（万方平台首次上网日期，不代表论文的发表时间）