W

The Risk Measurement and Evaluation of the Agent Unit under the Whole Process Agent Construction

On 12/10/2014, in Economics papers, by rain

Under the traditional construction mode, the construction of the government investing project may cause “three super” and other drawbacks. In order to solve these problems, the agent construction comes up. As a new thing, the relative laws and measures of the agent construction is not perfect and it may bring certain risks to every interest part of the agent construction, especially for the important executive main part, that is the agent unit, the risk magnitude of which is significant. So it is necessary to set the agent construction risks of the agent unit as the research object, recognize and appraise the risk magnitude systematically to help the agent unit to strengthen the sense of risks and the ability to manage them, increase the benefit and Social position. Furthermore, it helps to cultivate the agent construction market and it is favorable to the operation of national economy.Firstly, this thesis starts from the relative concept and Basic modes of the agent construction, reveals the important role and responsibility of the agent unit in the process of agent construction. Under the background of the whole process agent construction, analyze and sum up every type pf risks systematically and build up the breakdown structure figure of the agent construction risk.Secondly, based on the pairwise comparison, considering the fuzziness of the experts’ judgment owing to the insufficient data and other elements in the pairwise comparison of risk indexes, introduce the triangle fuzzy number to deal with this fuzziness, combining with the extent of divergence of experts’ opinion and the weight difference to determine the synthetic weight of risk index, which is in conformity with the nature of experts’ thought.Thirdly, from the angle of risk severity, risk occurrence possibility and risk control ability to measure the risk magnitude of risk index. Adopt the credibility measurement theory to deal with the risk occurrence possibility to avoid the defection that the probability measurement may need much high-quality data. The risk severity considers the influence of experts’ risk preference to the severity extent and it may suit the actual circumstance of judgment. Finally, based on the fuzzy inference, output the control rules to acquire the fuzzy number of the risk magnitude of risk index. After the process of defuzzification, combining with the weight of risk index, acquire the entire risk level of the agent construction. Then clarify the application process through an example and make this method operationally.The improved method is suitable for the agent construction risk identification and appraisal by phase and makes up the shortages of traditional risk evaluation method pertaining with the determination of risk index, the comprehensiveness of information treatment and the prediction of risk occurrence possibility. This improves the correctness and reliability of the evaluation. In the application, it only needs to make some modifications of the breakdown structure, and this can be used as the general thread of the agent construction risk measurement and appraisal.

W

Supply Chain Risk Management for Customer Satisfaction and Profitability among Local and International Retailers in China

On 21/09/2013, in Management, by rain

Supply chain risk Management means all attempts to reduce all threats of interruption (risks) to the workings of the supply chain, right from the customer up to the supplier or vice vasa. With the presence of supply chains running over thousands of companies risk is increasing at a faster rate as opposed to the former simple retail business where products were transferred from manufacturers to customers by small retailers who had little or no influence on the working of supply chain. In the face of competition and globalization therefore, risk Management in relation to customer satisfaction and profitability for survival and more importantly for excellence is needed. In my research am looking at the various risks that could undermine retail business performance, mitigation measures and thereafter offer recommendations. Risk is commonly measured by the variance and standard deviation from expected values in business performance. However my research is limited to qualitative analysis, describing and interpreting events that lead to risk and how to reduce or contain them. This thesis is divided into5parts:The introduction came first, describing the supply chain risk concept, the background and the objectives of the study. The scope of the study and problem statement are also here. The Literature review section is the second and it’s comprised of the various theories relating to the topic in question and previous studies that have been conducted relating to the topic in question. Methodology comprises of the case study approach and3cases that is Walmart. Metro and Hongkelong the international and local retailers in China respectively, data collection methods, data collection instruments and data analysis methods and in this case questionnaires and interview guides were used in data collection, while analysis was mainly descriptive and tabulated hence qualitative. The fourth chapter is comparing and analyzing results from the field, which included mainly risk analysis. Risk management for customer satisfaction and profitability is in chapter four. The fifth chapter is composed of conclusions and recommendations, which included visibility and sensitivity to demand and physical risks (accidents on escalators), and yet they greatly affect customer satisfaction and consequently profitability.

W

Research on China’s Commercial Bank Bulk Commodity Financing Risk and Counter Measures

On 11/09/2013, in Finance, by rain

The deepening integration of global economy and finance and the rapid developingof commodity trade, brings business opportunities of the development of the commercial banks’ commodity financing, but also brings the risk control challenges.Commodity financing products from the previous simple import letter of credit, mortgage loan, credit under the trust receipt loans and other traditional products developed to cover the whole process of trade of cash flow, trade flow, logistics, information flow for integrated Management of diversified financial services. Commodity financing products through widening the financing channel, solve customer financing demand, but the attendant is lax supervision before the loan and after the loan which leads to weakening of the commodity financing risk control, especially in the current overall macroeconomic situation with deepen inflation and tighten monetary policy, the the bank commodities financing is diverted to a greatly increased risk. In2011,the European banking system is affected badly and refinancing pressure rise because the global financial market turbulence and the international commodity prices continue to fall and the European debt crisis continues to deepen.by the Influence of macro-control and folk debit and credit crisis and currency loan size limits, also by the influence of Bank acceptance bill discount prices maintaining high, the domestic economy has encountered operating difficulties, such as the capital chain rupture,and also causing Overdue loans and other phenomena, some commodities customers suspected of Defrauding loans and, folk debit and credit and other reasons have formed the default risk.The article applies Economics, finance related Basic theory knowledge, qualitative analysis and quantitative analysis, theoretical analysis and empirical analysis methods such as combining, closely around ” commodity finance risk ” this one theme, on China’s commodity financing risk undertook comprehensive analysis. This article through the analysis of A branch commodity finance development present situation and the existing risk, find the root cause, combined with the current domestic and international situation puts forward the Countermeasures of commodity financing risk measures, mainly about the commodity price fluctuations can lead to risk, the pledge of movables easily lead to risk, and the Off Shore Company connected transaction easy to trigger risks, verify the authenticity of the trade background caused by lax risk and its prevention measures, the actual work is of great guiding significance to promote the commercial banks, commodity financing business fast, healthy, orderly development.

W

Analysis on Risks and Diversification Strategy of China’s Oil Import

On 11/09/2013, in Trade, by rain

As one of the most important source of industry and strategic materials, oil plays a quite significant role in promoting our country’s Economic development as well as achieving the state’s strategy. Whether or not can we obtain adequate oil supply directly concerns our country’s political, Economic and martial security. The demand of oil manifests high-speed expansion alongside of the rapid growth of the economy. The domestic oil’s supply and demand gap becomes yearly increase, which makes importing oil from overseas as one of the most efficient methods in solving this gap. Since1993, China has transferred from oil net exporter to net importer, and the foreign trade dependence has boosted year after year, definitely, it’s a hard situation for current China. All Social circles pays enormous attention to Chinese oil security, besides which, they call on all relevant departments to establish strategic petroleum reserve and make full use of two kinds of resource, on one hand the domestic resource, the foreign resource on the other. Optimizing allocation of worldwide resources, bringing down the energy consumption as well as implementing diversification strategy of oil import are extremely urgent. The diversification strategy of oil import, of which, is the most frequently used method to reduce the risks of importing oil.The diversification strategy of oil import, which means synthetically using different kinds of ways to carry the oil purchased, the quota oil from all over the world, the oil obtained from the world spot and future market, back to country. Through the implementation of this strategy, oil importer will decrease the degree of trade dependence on a certain region in order to guarantee a safe supply of oil demand, also will lower the risks of oil shortage or interruption caused by unpredictable emergency (For example:the war, natural disasters) occurred in some places, or by diplomatic or economic disputes with our own country. Broadening the choice range and flexibility of oil import will help a country prevent being enslaved by others due to the oil factors. A country, at the same time, should consider the economic cost, transport risks, geographic factors, the exporter’s political factors and so on, which will probably happen at any part of oil import.China puts the energy security at strategic height. Putting the diversification strategy of oil import into action is extremely urgent. In2003, China has already overrun Japan and become a second largest oil consumption country, which was only second to the America. The degree of oil import dependence ran up to as much as35%, even more difficult to believe is in recent two years, this number has rocketed up to over55%. Obviously, the situation of Chinese oil import is rigorous. For the present, Chinese oil import security has to be confronted with duel matters–“inside and outside”. In respect of inside, increasingly broadening is the gap between production and consumption associated with high speed growth of national economy. Chinese average annual growth of national economy and consumption of crude oil have soared up to9.79%and5.77%respectively since1920s, the supply of oil, however, only increased by1.67%. The supply of energy seems unable to meet as much as the high speed growth of national economy. On the other hand, the system of oil strategy is set up late, and there are many shortcomings existing in this system, for instance, inside of Chinese oil system, the integrated reserve day is just21.6.In reference to the outside, China, exceedingly, throws herself on the Middle East. And unfortunately, this area is a “concentration camp” of international conflicts. The paradox is that as much as80%Chinese oil has no choice but to go through Strait of Malacca, which is the heart of “concentration camp” full of pirates and jumbled orders. From which can we see how concentrate of oil import resource, how sole of the transport channel, how imperfect of oil strategy and its spot and future markets. Oil import in China is just served to meet the emergency originated by the gap between oil supply and demand, due to which the phenomenon of buy in high price, sale in low price arises. In addition, oil import in China gives an impact to the international oil market, and “Chinese Oil Threat Theory” is also deep-rooted in overseas. Our country’s oil import security will bring up against unprecedented challenges from the rest of the world.Thus, how to evaluate our country’s oil import risks in a right way, and then evade the risks, in order to ensure the oil trade security has become one of most urgent theoretical and practical problems that we have to envisage and concern. This article starts with analysis on the world’s energy configuration, especially the oil current overall situation, then details Chinese oil import situation. Based on which, I further expound the risks encountered by oil import in China with the help of statistical data and formulas. Next, I introduce the diversification of oil import strategy and elaborate feasible plans. In sum, this is my article’s trait of thought.

Tagged with:  
W

The Research on the Impact of Private Equity on Small and Medium-sized Information Technology Enterprises

On 11/09/2013, in IT papers, by rain

With the decline in China’s Economic growth rate, China’s Economic structure is in the critical period of transition. IT industry is one of the seven emerging strategic industries, and its development affects the result of China’s economic structure transformation to a large extent. Small and medium-sized IT enterprises is one of the most dynamic groups, but their high-growth needs a lot of capital. After the financial crisis, due to the increase in raw material price, labor costs, the bank reserve ratio as well as the high threshold of the public offering and the issuance of bonds, the shortage of funds caused by financing difficulties is still a serious constraint to the development of small and medium-sized IT enterprises. Fortunately, the rise of private equity in recent years partially solves the financing difficulties of small and medium-sized IT enterprises. Of course, after small and medium-sized IT enterprises introduce private equity, there are some potential risks. Therefore, in terms of the impact of private equity on small and medium-sized IT enterprises, we must study dialectically.This paper is divided into five parts:The first part is the introduction, which describes the background of the thesis, literature review, structure arrangements, studying methods and possible innovation, inadequacy in detail, and initially constructs the framework of the thesis.The second part is the private equity research, which analyses the private equity in terms of meaning, characteristics, operating mechanism and the development situation in China.The third part is about the financing situation of small and medium-sized IT enterprises, which mainly analyses the financing status quo of small and medium-sized IT enterprises and ways to attract private equity.The fourth part is the empirical research about private equity’s effects on small and medium-sized IT enterprises’performances. According to the financial data of small and medium-sized IT enterprises listed on GEM(Growth Enterprises Market), this part analyses and summarizes private equity’s effect on small and medium-sezed IT enterprises’profitability, debt paying ability, operating capacity and development ability.The fifth part summarizes the whole paper. It demonstrates the risks of the introduction of private equity for small and medium-sized IT enterprises and proposes some positive and effective risks control measures, constructive comments to vigorously develop China’s private equity market.

W

The Studies of A15Vehicle “Flawless” Process Management for Cost Control

On 02/09/2013, in Management, by rain

As ever growth in domestic vehicle market competition the vehicle companies arefacing a serious problem on how to reduce the cost and to be won in the marketcompetition. Since the emergence of ‘Flawless’ project Management principle[30]itprovides a generalized methodology which can be used in cost Management in vehicleproduction. In such case the ‘flawless’ principle could simplifying the interface of adjacentnodes in the life-long process chart thus reduce the cost necessary for extra expenses forthe ‘flaw’ in the interface.By ‘flawless’ process management theory and applied to the vehicle programdevelopment process flow chart, the ‘flawless’ model of life-long process chart of vehicleis established, which is characterized of detailed analyzing the working interface of everystep in the process flow chart with identifying the risks on those interfaces. The interfacemanagement agreement method is applied to control these risks for controlling the vehiclematerial cost and achieving flawless process management.Finally, the ‘flawless’ process management and control method is verified throughpractical case which shows8%cost saving compared with traditional process managementin the past.

W

An Application and Research of Internal Control in Asset Management Corporation

On 28/11/2012, in Finance, by rain

【Abstract】 Internal control is applied on run of modern times enterprises. Asset Management Corporation is run according to modern times enterprises. Asset Management company take on history task of keep away and resolve finance risk, farthest save from damage asset, reduce losing, accelerate national Enterprise’s innovate and develop, and establish modern times enterprises. Asset Management company is faced with all kinds of risks in manage and treatment of badness assets. That is praxis in the face of asset management company how to settle all risks and how to strengthen manage of company. That strengthen and consummate internal control mechanism is good for settle all risks and strengthen manage of company. Asset management company is result under special history condition on early days of twenty century, use for reference that Thailand, Malaysia, Korea, Japan, America all overpass establish Asset management company, specialties deal with bad debt of bank and risk asset, then get good effect. My country Exercise of internal control in asset Management Company get along with explore of theory and practice, because asset management company is fresh in China. This study first summarize history development, target, design principle, inscape of internal control system, second according to background of asset management company, briefness introduce inside and outside surroundings and facing and existing different risks, research effect and essentiality of internal control exoteric on asset management company, third discourse upon deferent operation flow of asset management company. For example internal control flow of badness asset bought, internal control flow of arranged treatment asset, internal control flow of creditor’s rights, internal control flow of asset tenanted, recombined, saled, internal control flow of section right invested, internal control flow of finance managed, internal control flow of information systems managed and so on. And brief analyses internal control’s theoretic apply in deferent operation flow. Finally with representative operation of practicality asset’s reclaimed tache, managed tache, deposited tache, analyses that be likely to existent risks and how to sole those risks. Then measure and proof operation, analyses localization of internal controls flows, in order to look for one operated fashion and one viable way in apply.

Tagged with:  
W

Analysis of Risks of Enterprise Merger & Acquisition and Its Preventing

On 19/11/2012, in Management, by rain

【Abstract】 Enterprise Merger and Acquisition (M&A) is a hot topic in modern enterprises, and it is a normal behavior of the enterprises for the changes of the market. Since 1897, five big Enterprise M&A waves launched in major capitalist countries and international M&A became more violent in 21st century.We may find the following idea from the research of the domestic and international real cases about M&A in this thesis. The percentage of the failing cases is higher than successful ones. There is the big risk in M&A. Although domestic and international scholars have done many researches in different aspects in M&A, the systemic research for M&A risk is very weak any way. This thesis focuses on the M&A risk and risk prevention based on the principle theory of the M&A. We may find ten sort risks of M&A in the research, Pre-M&A risks:(1) policy risks;(2) system risks;(3) legal risks;(4) industrial risks. Risks happened during M&A:(1) principal-agency risks;(2) information asymmetry risks;(3) financial risks;(4) hostile takeover risks. Post-M&A risks:(1) consolidation risks;(2) credit risksAnd we may find the solutions for preventing this ten M&A risks from the angle the Management view in this thesis as well. The solutions are the followings: analysis for the decision of M&A strategy before M&A; prudent evaluation for plan before M&A; risk prevention for the negotiation and contract signing during M&A; pay attention to consolidation and harmony after M&A.

W

Research on Economic Evaluation Strategy Case of Investment Project

On 17/11/2012, in Finance, by rain

【Abstract】 The theory of Investment-project evaluation and its application existed for a long time. It is an application subject in itself and grows with the development of society and economy. This paper reviews the history of relevant theories in retrospection and systematically introduces the methods of Investment-project evaluation. Based on this, the paper hackles the theories in this field again and expounds a series of new development in the foreland. Theory is the abstract of practice and exists in the practice. This paper systematically sets forth the theories and approaches to investment project evaluation by using the case on the reasoning process of feasibility in the project of high-speed wire rolling mill product line which is introduced in Chongqing Steel Joint-stock Company. Besides, the author points out the continual innovation in practice.It occupied magnitude status among steel industry in the long history. But Its output always putted up and down about one million tons. CSJC has come to be draggled with the development of our society for furious market competition, limited scale, laggard breed structure, flagging capacity of market. It’s very important for CSJC to how to catch hold of opportunity, pioneer the new industry, offer more opportunities of employment.In the recent years, the scope and consumption of steel wire has come to increase fleetly. Its ones of china occupies great proportion of all world consumption and scope, because our economy rises quickly. So it’s very necessary to research viability of investing steer wire item. More important, the author holds that financial evaluation and risk evaluation should be regarded weightily as equal in the process of evaluation of investment project. As for the method, dynamic evaluation method should be first advocated. Firstly we should analyze the feasibility of the project through the dynamically financial evaluation, then analyze and evaluate the risks caused by the uncertainty of investment project though risks Management, namely, systematically analyze the uncertain factors in the project, hence choose the relevant methods of risk evaluation accordingly. Meanwhile, it is also important to evaluate the controllable measures we can take. in the process of evaluating risks . While theoretically seeking the relevant decisional gist in the process of the project of high-speed wire rolling mill product line in Chongqing Steel joint-Stock Company, this paper pertinently point out a series of suggestion and stress on the consideration.

W

A Research on the Risks and Supervision of Network Banking

On 27/07/2012, in Finance, by rain

【Abstract】 In recent years, the construction of financial information and the popularity of the internet enable the network bank in China develop rapidly. The banking is increasingly characterized by its computerization, network and network intelligence. Network banking has become the aim of the reform and development of traditional banking, which offers clients quick, convenient and multiple banking service by means of network technology, and its low-cost, high-profit quality makes all countries consider it the orientation of their banking development in the future. In 2003, the biggest domestic commercial bank-the Industrial and Commercial Bank’s volume of trade on the net came to 19 billion, and its network clients amount to 8 million. What network banking increases makes it having a new interest improving to china bank. Though there will be a co-existence of network bank and traditional net-point banking Management for a long time, more and more banks in China regard network bank as a commanding height in competition in the same business to talk about the network banking risks and its supervision with the competition.Bring great profits to banking, the innovation of technology also confront banking with various risks. The network banking in China faces the transaction risk, reputation risk and legislate risk as traditional banking does. These risks interfere with the banking operation and make enormous challenge to our existing supervision system. Therefore, we must take advanced study into precautions against the risks for network banking, set-up supervision system suitable for sustainable development, so that we can ensure healthy growth of the network banking. At present, the theoretical study on network banking risks and its supervision system is deficient, and it is quite necessary to study the solutions to these questions. With this background, the writer takes network banking risks and its supervision system as the topic of this thesis.With the genres of the risks and supervising methods defined by BCBS, this thesis makes systematic analysis and discussion on network banking risks and its supervision system, summarizing all kinds of risks network banking faced with, presenting strategies and solutions to constructing supervision system of network banking. The thesis consists of four chapters. The first chapter states the basicconception of network banking in detail, analyzing the causes, characteristics and attributes of network banking, exposing the inevitability of its development, analyzing its influence on traditional banking by comparison and contrast. The second chapter mainly analyzes the current situation, traits and existing problems of the network banking in China, studying the characteristics of the network banking in China by contrasting it to foreign network banking, presenting its developing tendency. The third chapter analyzes all the risks in network banking thoroughly and generalizes the traits of the risks. The forth chapter studies the challenges brought by network banking to traditional supervision system, pointing out the disadvantages in our existing supervision system and presenting solutions to constructing sustainable supervision system of network banking in China.With China joining in WTO, the competition between China banks and foreign banks will be fiercer. Network banking, to a great extent, becomes the criterion of measuring the discrepancy between them. Therefore, it is necessary and important to study the risks network banking faced with, supervision problems, ensure the normal Management of network banking and avoid the loss brought by all kinds of risks.

Tagged with: