刷同学2024-07-09 06:46:14

Q4，关于仓储理论的教材原文Having a physical supply of the commodity available is convenient for consumers of the commodity because it acts as a buffer to a potential supply disruption that could otherwise force a shutdown of their operations. Because this type of risk/concern is inversely related to the inventory size and the general availability of the commodity, the convenience yield is low when stock is abundant. However, the yield rises as inventories diminish and concerns regarding future availability of the commodity increase. 我理解：便利收益不是简单的与库存数量挂钩，应该在于库存的价值，当库存过多时，投资者面临的缺货风险很低，因此便利收益也较低，当库存较少时，反而更凸显了市场需求旺盛，缺货风险大，便利收益高。这个理解有问题吗？