Communication Dans Un Congrès Année : 2019

Online Leasing Problem with Price Fluctuations and Second-hand Transaction

Résumé

This paper proposes an online leasing problem considering both price fluctuation and second-hand transactions of required equipment. The price of the equipment varies in a predetermined interval over time, and such a fluctuation between two adjacent time is controlled within an acceptable range. Besides, the equipment can be sold after its end of use. The selling price in the second-hand transaction is assumed to vary along with the price fluctuations. The aim of this paper is to find the best possible online leasing strategy which generates a minimal cost for using the equipment. We present an online leasing algorithm for solving this problem and prove it to be the optimal online algorithm.
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Dates et versions

hal-04746954 , version 1 (21-10-2024)

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Xin Feng, Feng Chu, Yongwu Dai, Lingyun Huang, Nishan Chen. Online Leasing Problem with Price Fluctuations and Second-hand Transaction. International Conference on Industrial Engineering and Systems Management (IESM 2019), Sep 2019, Shanghai, China. pp.1-6, ⟨10.1109/IESM45758.2019.8948103⟩. ⟨hal-04746954⟩
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