边界Logistic违约约束下商业信用期限决策模型  

Trade Credit Term Decision Under Boundary Logistic Default Risk

作　　者：石晓军[1] 孙彩虹[2] 

机构地区：[1]北京航空航天大学经济管理学院,北京100191 [2]中国人民大学信息学院,北京100872

出　　处：《北京理工大学学报》2010年第3期364-368,共5页Transactions of Beijing Institute of Technology

基　　金：国家自然科学基金资助项目(70502005);国家杰出青年科学基金资助项目(70825003)

摘　　要：采用边界Logistic模型描述下游企业违约风险,建立了一个考虑下游企业违约风险,并能体现上游生产商风险厌恶程度的委托-代理模型,用来确定激励相容的商业信用期限决策.通过对下游企业优化条件的处理,最终将信用期限决策的委托代理模型转化成普通的非线性规划.数值计算结果表明,信用期限决策会随着违约风险的增加而缩短,是违约风险的凹函数;生产商厌恶程度越大,越倾向于给予较短的期限.This paper applies pri considering default risk explicitly. the buyer. By solving the lower model reduces to a non-linear pro obtained by solving this nonlinear ncipal-agent model to solve A boundary Logistic model is level optimization problem of gramming. An programming. incentive-compatible term is a non-increasing conca the optimal trade credit term used to measure default risk of the buyer, the principal-agent incentive-compatible decision of term is thus Numerical simulation analysis shows that the ve function of default risk, slightly affected by the risk attitude.

关 键 词：商业信用 期限 委托-代理 违约 

分 类 号：F224.0[经济管理—国民经济]