Abstract
Finance leasing (also “equipment leasing”) saves the cost, improves the efficiency and benefit, larger the manufacture supply channels, which is an optimal solution for equipment supply with uncertain freight demand. The article collects the definitions of Finance Leasing based on the four pillars theory of finance leasing, also divides the lessors in Freight Car finance leasing into three categories according to their major business: manufacturers, banks as the representative financial institutions, firms that specialized in finance leasing. To identify the most suitable lessor for each railway department, an indicator system is built and operated by Yaahp (a software) based on Analytic Hierarchy Process.
Highlights
In recent years, a number of national policies have been made to relax the social capital investment railway options, intended to promote the reform of railway investment and financing system
The decline demand for rail freight in recent years has reduced the amount of new purchasing and old repairing freight cars, which leads the general overcapacity of vehicle manufacturing and maintenance enterprises
Because mobile equipment is recognized as a financial leasing assets [2,3,4,5], the objective of this paper is to explore the suitable lessor of freight car finance leasing using analytic hierarchy process
Summary
A number of national policies have been made to relax the social capital investment railway options, intended to promote the reform of railway investment and financing system. Under downward pressure on China's economy, demand of coal and steel has been declined in recent years and so has the railway freight volume. The demand of railway traffic sharply increased mainly driven by the policy that forbidding cars overloaded running on the road, the coals supply quantities and price were shooting up. Facing this challenge, CRC has an urgent problem, the shortage of freight car. In order to improve the railway traffic volume, railway administrations carrying the major goods of coal decided to relieve some stored up freight cars and even purchased some additional to support the transport capacity.
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