合理应用衍生产品

在银行推出的贸易金融服务增值方案中,不少包含远期、掉期、期权等衍生产品,这些衍生产品相对于原生产品而言比较复杂,不少企业觉得不好把握,不敢使用。     

四大战术“管住”金融风险

金融风险管理是企业资金管理的一条主线。在企业不同发展阶段和不同的经营环境中,企业金融风险管理有不同的工作重点,但始终需要葡青晰的目标和整体的综合考虑。     

Finance and Accounts for Managers

Journal of the Operational Research Society -     

Training Service Managers Using a Microcomputer

The development of a microcomputer-based model, which was used to help newly-appointed service managers to achieve an appreciation of the financial implications of their decisions, is described. The structure of the management tool developed is presented and some comments given on the special considerations that need to be made when microcomputers are being applied.     

Manage Pension Deficit with Heterogeneous Insurance

This paper considers a positive and increasing pension deficit of a certain pay-as-you-go (PAYG) pension system, and tries to make up for this deficit by using heterogeneous insurance. The positive pension deficit is formulated as a mathematical function in continuous time. The surplus of an appropriate heterogeneous insurance is described by diffusion approximation of a Cramér-Lundberg process. The system of extended Hamilton-Jacobi-Bellman equations under mean-variance criterion is established. The closed-form solution and optimal surplus-multiplier of heterogenous insurance are obtained. Some interpretations further explain the theoretical values of the results.