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
Link To Document :
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