For me,the highlights of these recommendations are the financing and the role of Multilateral Development Banks.The recommendations I follow with most interest are the ones that protect and insure against political ri...For me,the highlights of these recommendations are the financing and the role of Multilateral Development Banks.The recommendations I follow with most interest are the ones that protect and insure against political risk and regulatory risk.These展开更多
This study delves into the dynamics of a supply chain scenario wherein a capital-abundant retailer extends buyer financing to a capital-constrained supplier. The supplier procures components from the spot market and s...This study delves into the dynamics of a supply chain scenario wherein a capital-abundant retailer extends buyer financing to a capital-constrained supplier. The supplier procures components from the spot market and subsequently procures the final product, subject to a certain probability of disruption. We introduce a Geometric Brownian Motion (GBM) model to capture the variability of component costs. We characterize the equilibrium results under different financing schemes, including buyer financing and bank financing. The retailer’s equilibrium order time under buyer financing is earlier than that under bank financing iff the probability of disruption is relatively small. When the trend of the component cost is downward, the retailer will place the order at the end, and buyer financing is advantageous for the retailer but detrimental for the supplier. If the component cost shows a slight upward trend with minor fluctuations and settles into a moderate range, immediate buyer financing and transaction execution can yield a win-win outcome for the retailer and supplier with high delivery probability. We also numerically compare our optimal policy with other naive policies, and extend our model to an an Ornstein-Uhlenbeck (OU) process.展开更多
Entering the first year of the 13th FiveYear Plan（2016-20）period,the Central Government has laid a focus on pushing forward supply-side structural reform,promoting new breakthroughs in green development and speeding...Entering the first year of the 13th FiveYear Plan（2016-20）period,the Central Government has laid a focus on pushing forward supply-side structural reform,promoting new breakthroughs in green development and speeding up the expansion of green finance.In other words,展开更多
New multilateral financial institution initiated by China shoulders highexpectationsFrom an idea on paper to a fully fledged body,the Asian Infrastructure Investment Bank（AIIB）was finally unveiled after two years of...New multilateral financial institution initiated by China shoulders highexpectationsFrom an idea on paper to a fully fledged body,the Asian Infrastructure Investment Bank（AIIB）was finally unveiled after two years of preparation.On January 16,展开更多
China pushes for green bond directives The world may be no stranger to green finance—finance that pays special attention to environmental health,but when it comes to China,the country remains—well,green to the concept.
文摘For me,the highlights of these recommendations are the financing and the role of Multilateral Development Banks.The recommendations I follow with most interest are the ones that protect and insure against political risk and regulatory risk.These
基金supported in part by National Key R&D Program of China(2023YFB3308300,2023YFB3308301)the National Natural Science Foundation of China(72071085)+3 种基金Huazhong University of Science and Technology Double First-Class Funds for Humanities and Social Sciences(Digital Intelligence Decision Optimization Innovation Team,2021WKFZZX008)Ministry of Education Humanities and Social Science Research Youth Fund Project(24YJC630157)Hubei Provincial Social Science Fund Key Project and Provincial New Think Tank 2024 Project(HBSKJJ20241172)Huazhong University of Science and Technology Independent Innovation Research Fund(2023WKYXQN043).
文摘This study delves into the dynamics of a supply chain scenario wherein a capital-abundant retailer extends buyer financing to a capital-constrained supplier. The supplier procures components from the spot market and subsequently procures the final product, subject to a certain probability of disruption. We introduce a Geometric Brownian Motion (GBM) model to capture the variability of component costs. We characterize the equilibrium results under different financing schemes, including buyer financing and bank financing. The retailer’s equilibrium order time under buyer financing is earlier than that under bank financing iff the probability of disruption is relatively small. When the trend of the component cost is downward, the retailer will place the order at the end, and buyer financing is advantageous for the retailer but detrimental for the supplier. If the component cost shows a slight upward trend with minor fluctuations and settles into a moderate range, immediate buyer financing and transaction execution can yield a win-win outcome for the retailer and supplier with high delivery probability. We also numerically compare our optimal policy with other naive policies, and extend our model to an an Ornstein-Uhlenbeck (OU) process.
文摘Entering the first year of the 13th FiveYear Plan（2016-20）period,the Central Government has laid a focus on pushing forward supply-side structural reform,promoting new breakthroughs in green development and speeding up the expansion of green finance.In other words,
文摘New multilateral financial institution initiated by China shoulders highexpectationsFrom an idea on paper to a fully fledged body,the Asian Infrastructure Investment Bank（AIIB）was finally unveiled after two years of preparation.On January 16,
文摘China pushes for green bond directives The world may be no stranger to green finance—finance that pays special attention to environmental health,but when it comes to China,the country remains—well,green to the concept.
