Name
Abstract | ||
|---|---|---|
In this paper, we generalize the traditional on-line leasing problem to the case where the equipment is depreciable and the investor can always sell the used equipment for a positive price, which is an essential feature of many practical leasing problems. The traditional risk-reward model for the case with a certain forecast has been discussed for the on-line leasing of depreciable equipment. On the basis of this, an improved risk-reward model with a probability forecast is obtained here and presented as the main result. A relationship between the two risk-reward models, in which the latter includes the former as a special case, is proved. Numerical analysis shows that the competitive performance is significantly improved in the risk-reward models. |
Year | DOI | Venue |
|---|---|---|
2012 | 10.1016/j.camwa.2011.11.005 | Computers & Mathematics with Applications |
Keywords | Field | DocType |
depreciable equipment,special case,improved risk-reward model,traditional on-line leasing problem,used equipment,traditional risk-reward model,practical leasing problem,risk-reward model,on-line leasing,certain forecast | Mathematical optimization,Numerical analysis,Mathematics,Special case | Journal |
Volume | Issue | ISSN |
63 | 1 | 0898-1221 |
Citations | PageRank | References |
3 | 0.41 | 10 |
Authors | ||
4 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Yong Zhang | 1 | 19 | 2.96 |
| Wei-Guo Zhang | 2 | 557 | 39.22 |
| Wei-Jun Xu | 3 | 154 | 14.56 |
| Xingyu Yang | 4 | 15 | 4.47 |