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| Research on Government-Enterprise Joint Reserve Model of Emergency Materials Based on Financial Leasing |
| CHEN Haibo,WANG Zongjun,ZHONG Qin,YU Xuesong |
| 1. Hefei University, Hefei, China;2. Huazhong University of Science and Technology, Wuhan, China; 3. Wuhan Polytechnic University, Wuhan, China;4. Hubei Polytechnic University, Huangshi, Hubei, China |
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Abstract This paper introduces financial leasing into the emergency material reserve model, and constructs a government-enterprise joint reserve model based on financial leasing. This paper has described and solved the reserve models of the government alone, the financial leasing model of the government-enterprise joint reserve, and the centralized reserve model, and obtained the optimal expected profits and optimal expected costs of enterprises in the three models. Through a numerical example, this paper has conducted a comparative analysis of the relevant equilibrium solutions of the three models. The results show that: under the model of government’s sole reserve , the physical reserve volume is maximized; when adopting a combination of return lease and direct lease in the government-enterprise joint reserve model based on financial leasing, the physical reserve volume is minimized and the pre-storage production volume is maximized; in the centralized decision-making model of government-enterprise joint reserve based on financial leasing, when an enterprise adopts financial leasing’s sale-leaseback and direct lease models, the total reserve of materials is the largest, and when an enterprise adopts the sale-leaseback mode of financial leasing, the total cost of the government and an enterprise is the smallest.
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Received: 08 January 2024
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