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Competitive Analysis for Online Leasing Problem with Compound Interest Rate

Author

Listed:
  • Xingyu Yang
  • Weiguo Zhang
  • Weijun Xu
  • Yong Zhang

Abstract

We introduce the compound interest rate into the continuous version of the online leasing problem and discuss the generalized model by competitive analysis. On the one hand, the optimal deterministic strategy and its competitive ratio are obtained; on the other hand, a nearly optimal randomized strategy is constructed and a lower bound for the randomized competitive ratios is proved by Yao's principle. With the help of numerical examples, the theoretical results show that the interest rate puts off the purchase date and diminishes the uncertainty involved in the decision making.

Suggested Citation

  • Xingyu Yang & Weiguo Zhang & Weijun Xu & Yong Zhang, 2011. "Competitive Analysis for Online Leasing Problem with Compound Interest Rate," Abstract and Applied Analysis, Hindawi, vol. 2011, pages 1-12, September.
    • Handle: RePEc:hin:jnlaaa:156254
    DOI: 10.1155/2011/156254
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    Cited by:

    1. Yong Zhang & Jingting Wu & Wenxiong Lin & Muyu Hou, 2022. "Competitive analysis for two-option online leasing problem under sharing economy," Journal of Combinatorial Optimization, Springer, vol. 44(1), pages 670-689, August.

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