Study On The Credit Risk Management In Logistics Finance Based On Evolutionary Game Theory

As an effective way,logistics finance solves the financing difficulties of SMES,which changed banks and other financial institutions subject to a single corporate creditmodel in the past, creating a new third party logistics services. As an emerging complexbusiness, logistics finance can solve the problem of financing SMES, and expand thebusiness scope of financial institutions, and explore new business areas of logisticscompanies. Logistics finance has a large market potential. Financial institutions arebecoming new areas competing third-party in logistics companies.This paper describes the meaning and mode of logistics finance operation, anddiscusses the credit risk that exists between financial institutions and third-party logisticsenterprise. The paper analyzes cooperation and competition between financial institutionsand third-party logistics companies. It constructs the relevant evolutionary game model,using the numerical examples to verify the stability analysis of evolutionary game model,and gives opinions and suggestions about the credit risk management of the businessparticipants. The main contents are included in this paper：(1) Based on the analysis oflogistics and the mode of operation of financial business, paper discusses the third-partylogistics companies, financial institutions and their sources of financing corporate creditrisk. This is the theoretical foundation for constructing the core part of evolutionary gamemodel between financial institutions and third-party logistics enterprises;(2) Using theevolutionary game theory, enterprise cooperation between participants of the logisticsfinancial business financial institutions and the third party logistics is analyzed.Participants in the payoff matrix determine the option of different strategies, taking intoaccount the many variables that may affect the strategy. Logistics and financial servicesare involved in constructing the main strategy replicator dynamics equations. And itbuilds two supervision conceal problems between groups of evolutionary game model toanalyze the evolution of the process and the results of the entire population of businessstrategies;(3) From a different perspective on the logistics financial business participantspropose appropriate credit risk management strategies.This paper belongs to application research，and elaborates the model of logisticsfinance and risk management．According to the study，the objective of logistics finance isto solve the issue of small and medium enterprises financing，and realize the pursuit of common interests of small and medium enterprises，financial institutions and the thirdlogistics enterprises．...