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
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;
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
DOI :
10.1109/COINFO.2009.84
