• 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