Risk-reward models for on-line leasing of depreciable equipment

详细信息    查看全文

• 作者：Yong Zhang ^{zhangyong8201@gmail.com} ; Weiguo Zhang ; ^{wgzhang63@gmail.com} ; Weijun Xu ^{xuweijun75@163.com} ; Xingyu Yang ^{bmxyuyang@scut.edu.cn}
• 关键词：On-line leasing ; Risk&ndash ; reward models ; Depreciable equipment ; Competitive performance
• 刊名：Computers and Mathematics with Applications
• 出版年：2012
• 出版时间：January, 2012
• 年：2012
• 卷：63
• 期：1
• 页码：167-174
• 全文大小：232 K

文摘

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.