考虑运费期权的航运服务供应链优化与协调  

Optimization and Coordination in Shipping Service Supply Chain Based on Freight Option

作　　者：路遥[1] 汪传旭[1] 

机构地区：[1]上海海事大学经济管理学院,上海200135

出　　处：《交通运输系统工程与信息》2011年第5期35-41,共7页Journal of Transportation Systems Engineering and Information Technology

基　　金：教育部人文社会科学基金项目(09YJA630094);研究生创新基金资助项目(yc2011010)

摘　　要：随着全球政治、经济因素的影响,国际航运的运费费率一直处于不断变动中,投资人积极寻求金融保值工具来控制运费激增对经营带来的风险.通过引入"运费期权"的概念,本文将这一金融衍生工具运用到航运服务市场,建立了托运人收益优化模型,对其在航运服务供应链中的最优化决策进行了研究分析,经过建立对服务供应链的协调机制,使整体收益达到最优化,并通过具体算例分析对结果进行比较验证.结果表明,在采用运费期权进行套期保值交易后,航运市场中托运人存在着最优化收益决策,对整个供应链优化协调后的整体收益优于单独决策收益之和.With the influence of the global politics and economy,the international shipping freight rate fluctuates continually.And investors have actively seek financial hedging instruments to control the risk brought by the sharp rise of the freight.By introducing the conception of ＂freight option＂ and applying the financial derivatives to shipping service market,the paper proposes a shipper＇s revenue optimization model,the optimization of shippers＇ decision-making and supply chain＇s decision-making in shipping service supply chain are studied,and coordination mechanism in the whole service supply chain is designed to optimize the integrated revenue.At last,the results are verified by a numerical example.The optimization revenue decision exists for shippers using financial hedging instruments,and the coordination makes the integrated revenue of the whole supply chain prevails over the total revenue under separately decision-making.

关 键 词：运输经济 供应链优化协调 收益模型 运费期权 航运服务供应链 

分 类 号：F272.3[经济管理—企业管理]