• DocumentCode
    2085991
  • Title

    The Decision Policies of Accepting or Rejecting Rental Request on Its Different Start and End Time

  • Author

    Yu Xiong ; Yu Zhou

  • Author_Institution
    York Manage. Sch., Univ. of York, York, UK
  • fYear
    2009
  • fDate
    20-22 Sept. 2009
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    Housing rental is a huge market across the world, this paper supposes that landlords offer different products distinguished by their different length of duration. When a rental request arrives, landlords´ empirical choice to accept or reject it might not be a sensible decision making the expected revenue maximized in a long-term view. We structure a model to compare revenue densities of alternative choices and offer complementary numerical examples based on collected data. The result shows that landlords can make a specific choice and optimize their revenue according to our decision policy. The outcome can also be applied in general rental industry.
  • Keywords
    decision making; property market; rental; decision making; decision policy; general rental industry; housing rental request acceptance; housing rental request rejection; revenue densities; revenue management; Business; Cities and towns; Contracts; Costs; Decision making; Educational institutions; Mathematical model; Mathematics; Privatization; Sociology;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Management and Service Science, 2009. MASS '09. International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4244-4638-4
  • Electronic_ISBN
    978-1-4244-4639-1
  • Type

    conf

  • DOI
    10.1109/ICMSS.2009.5301519
  • Filename
    5301519