TY - CHAP
T1 - Financier-led asset lease model
AU - Zhao, X.
AU - Angelov, S.A.
AU - Grefen, P.W.P.J.
PY - 2010
Y1 - 2010
N2 - Nowadays, the business globalisation trend drives organisations to spread their business worldwide, which in turn generates vast asset demands. In this context, broader asset channels and higher financial capacities are required to boost the asset lease sector to meet the increasing asset demands [1, 2]. In this background, with the reliable financial sources and extensive information channels, financiers are expected to take the pivot role in integrating world-wide asset information with the help of advanced cooperative information systems [3, 4]. As reported by Leasing World [5], the mass market possesses vast asset lease demands that are unexplored by current lease industry. Different from conventional lease customers, the customers of the mass market prefer to lease assets with a limited volume for a short period. Furthermore, these requests substantially vary in terms of geographic locations, desired asset packages, bundled services, financial assistances, etc. Unfortunately, these customer requests do not match with the business of traditional asset lease industry. To cater for the asset demands of the mass market, this section presents a financier-led asset lease model and the operations of the employed virtual asset network. In this model, the financier acts as the proxy for customers to access the various assets and services of the virtual asset network. By integrating the asset information and asset related services of these companies, a virtual asset network can be established as a pool of various assets and related services. Through an open-access ‘portal’, customers can choose and design their service requests from a wide range of asset types, pick-up locations, usage periods, asset modifications, payment plans, etc. The financier is responsible for analysing and aggregating these requests, as well as seeking optimal service outsourcing solutions. Thus, this model offers customers the access to worldwide distributed assets with flexible customisation options. Different from traditional finance lease models, customers bypass the contact with asset vendors yet receive the integrated services from the financier.
AB - Nowadays, the business globalisation trend drives organisations to spread their business worldwide, which in turn generates vast asset demands. In this context, broader asset channels and higher financial capacities are required to boost the asset lease sector to meet the increasing asset demands [1, 2]. In this background, with the reliable financial sources and extensive information channels, financiers are expected to take the pivot role in integrating world-wide asset information with the help of advanced cooperative information systems [3, 4]. As reported by Leasing World [5], the mass market possesses vast asset lease demands that are unexplored by current lease industry. Different from conventional lease customers, the customers of the mass market prefer to lease assets with a limited volume for a short period. Furthermore, these requests substantially vary in terms of geographic locations, desired asset packages, bundled services, financial assistances, etc. Unfortunately, these customer requests do not match with the business of traditional asset lease industry. To cater for the asset demands of the mass market, this section presents a financier-led asset lease model and the operations of the employed virtual asset network. In this model, the financier acts as the proxy for customers to access the various assets and services of the virtual asset network. By integrating the asset information and asset related services of these companies, a virtual asset network can be established as a pool of various assets and related services. Through an open-access ‘portal’, customers can choose and design their service requests from a wide range of asset types, pick-up locations, usage periods, asset modifications, payment plans, etc. The financier is responsible for analysing and aggregating these requests, as well as seeking optimal service outsourcing solutions. Thus, this model offers customers the access to worldwide distributed assets with flexible customisation options. Different from traditional finance lease models, customers bypass the contact with asset vendors yet receive the integrated services from the financier.
U2 - 10.1007/978-3-642-16961-8_8
DO - 10.1007/978-3-642-16961-8_8
M3 - Chapter
SN - 978-3-642-16961-8
T3 - Lecture Notes in Computer Science
SP - 14
EP - 15
BT - On the Move to Meaningful Internet Systems : OTM 2010 (Confederated International Conferences : COOPIS, IS, DOA, and ODBASE, Hersonissos, Crete, Greece, October 25-29, 2010, Proceedings, Part I)
A2 - Meersman, R.A.
A2 - Dillon, T.S.
PB - Springer
CY - Berlin
T2 - conference; On the move to meaningful internet systems: OTM 2010 workshops : confederated international workshops and posters; 2010-10-25; 2010-10-29
Y2 - 25 October 2010 through 29 October 2010
ER -