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Lease or financial lease? Deterministic strategies for on-line financial lease problem with the second-hand transaction

Author

Listed:
  • Yong Zhang

    (Guangdong University of Technology)

  • Jiahao Li

    (Guangdong University of Technology)

  • Xingyu Yang

    (Guangdong University of Technology)

  • Xiaohui Wang

    (Tianjin University of Technology and Education)

Abstract

The residual value of the equipment is an important and inevitable issue for any decision-making process of equipment leasing. In this paper, we present an on-line financial leasing problem considering the second-hand transaction issue, i.e. the equipment can be sold in the secondary market when it is no longer needed. Using competitive analysis, the optimal deterministic strategies are given to deal with the financial leasing problem. Finally, to test the performance of the proposed on-line financial leasing strategies, several numerical experiments are conducted.

Suggested Citation

  • Yong Zhang & Jiahao Li & Xingyu Yang & Xiaohui Wang, 2022. "Lease or financial lease? Deterministic strategies for on-line financial lease problem with the second-hand transaction," Journal of Combinatorial Optimization, Springer, vol. 44(2), pages 1248-1264, September.
    • Handle: RePEc:spr:jcomop:v:44:y:2022:i:2:d:10.1007_s10878-022-00886-7
    DOI: 10.1007/s10878-022-00886-7
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    References listed on IDEAS

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    1. Hiroshi Fujiwara & Takuma Kitano & Toshihiro Fujito, 2016. "On the best possible competitive ratio for the multislope ski-rental problem," Journal of Combinatorial Optimization, Springer, vol. 31(2), pages 463-490, February.
    2. Dai, Wenqiang & Dong, Yucheng & Zhang, Xiaotian, 2016. "Competitive analysis of the online financial lease problem," European Journal of Operational Research, Elsevier, vol. 250(3), pages 865-873.
    3. Xin Feng & Yinfeng Xu & Guanqun Ni & Yongwu Dai, 2018. "Online leasing problem with price fluctuations under the consumer price index," Journal of Combinatorial Optimization, Springer, vol. 36(2), pages 493-507, August.
    Full references (including those not matched with items on IDEAS)

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