DocumentCode
2792463
Title
Online Leasing for Durable Equipment with Transaction Cost
Author
Bin, Liu ; Chunlin, Xin ; Fengwu, Shen
Author_Institution
Guizhou Coll. of Finance & Econ., Guiyang, China
fYear
2009
fDate
21-23 Nov. 2009
Firstpage
252
Lastpage
254
Abstract
This paper studies a durable equipment-rental problem. Other than the classical ski-rental problem (Karp 1992), we assume that the decision-maker can sell the used equipment after paying a transaction cost when he no longer needs it. We find that the optimal opportunity of online algorithm with considering the profit selling used equipment is different from that of online algorithm without considering it.
Keywords
decision making; leasing; transaction processing; classical ski-rental problem; decision-maker; durable equipment; online leasing; transaction cost; Algorithm design and analysis; Chemical technology; Conference management; Cost function; Educational institutions; Financial management; Information resources; Paper technology; Resource management; Technology management; durable equipment; online algorithm; transaction cost;
fLanguage
English
Publisher
ieee
Conference_Titel
Cooperation and Promotion of Information Resources in Science and Technology, 2009. COINFO '09. Fourth International Conference on
Conference_Location
Beijing
Print_ISBN
978-0-7695-3898-3
Type
conf
DOI
10.1109/COINFO.2009.84
Filename
5361878
Link To Document