Financial and Operations Decision Making of Risk-Averse Financial Institution and Risk-Neutral Retailer
Asset-based lending solidifies its position as a mainstream lending option for business. The issue of its impact on the operations decision has not received sufficient attention from academic community. This paper investigates the risk-neutral retailers inventory decision without any loan limitation in a single period newsvendor model. The risk-averse lenders decision about the line of credit is derived. The research shows that less capital the retailer has more impact on the line of credit the degree of averseness has. The inventory value and the process of developing the advance rate can prevent retailers with less capital from obtaining the loan.
Inventory financing Leader-follower game Line of credit Conditional value-at-risk
Yuanyuan Zhang Hong Yan
School of Business Administration, , China University of Petroleum, Beijing 102249 Department of Logistics and Maritime Studies The Hong Kong Polytechnic University, Hung Hom, Kowloon
国际会议
香港·广州
英文
818-822
2010-07-25（万方平台首次上网日期，不代表论文的发表时间）