DocumentCode
534176
Title
Research on the Decision Model on Optimal Stopping of the Account Sale under Imperfect Information
Author
Qingwen, Sun ; Xi, Wang ; Yanli, Hou
Author_Institution
Sch. of Bus. & Adm., Hebei Univ. of Econ. & Bus., Shijiazhuang, China
Volume
2
fYear
2010
fDate
16-18 July 2010
Firstpage
287
Lastpage
291
Abstract
The shaping of the buyer´s market and the increasingly throat-cutting competition both serve as the key reasons for the account sale being the essential selling means for enterprises, but what cannot be ignored is that fast and blind account sale not only brings without expected earnings, but also causes loss because of the defaults of the target companies. On the other hand, the disappearance of market opportunities at any time doesn´t permit the longer decision time for tally companies. Therefore, when confronted the account sale opportunity, it is meaningful to choose a correct decision at the right time for tally companies. In this paper, under information entropy and dynamic planning theory, the probability of contract-violated enterprises relevant to the tally company along with the disappearance probability of market opportunities would be fully taken into consideration, decision model on optimal stopping of the account sale under imperfect information has been established. Meanwhile, we conclude the decision rules in order to enhance the scientific probability and the accuracy of the decision.
Keywords
decision theory; optimisation; sales management; account sale opportunity; contract-violated enterprise probability; decision model; decision rules; disappearance probability; dynamic planning theory; imperfect information; information entropy; market opportunity; optimal stopping model; Biological system modeling; Companies; Decision making; Market opportunities; Marketing and sales; Timing; account sale; decision rules; imperfect information; information entropy; optimal stopping model;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Technology and Applications (IFITA), 2010 International Forum on
Conference_Location
Kunming
Print_ISBN
978-1-4244-7621-3
Electronic_ISBN
978-1-4244-7622-0
Type
conf
DOI
10.1109/IFITA.2010.169
Filename
5634807
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