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本文通过分析有限风险分销商与独立分销商之间的存货风险差异,对最频繁使用的转让定价方法——交易净利润法的应用进行了改进研究。首先,利用风险测度工具(VaR模型)对存货风险加以衡量,得出有限风险分销商与独立分销商的存货风险可比因素:存货管理成本率、存货过剩的损失率和存货不足的损失率。其次,为应用交易净利润法确定有限风险分销商的合理利润水平,针对存货风险因素的可比性调整提出了新的方法。
In this paper, by analyzing the difference of inventory risk between limited risk distributors and independent distributors, the paper studies the application of the most frequently used transfer pricing method, the net profit method of transaction. First, we measure the inventory risk using the VaR model to get the comparable risk factors of inventory risk between the limited risk distributor and the independent distributor: the cost of inventory management, the loss rate of excess inventory and the loss rate of insufficient inventory. Second, a new method is proposed for adjusting the comparability of inventory risk factors to determine the reasonable profit level of limited risk distributors for the application of net profit method.