主管:中国科学院
主办:中国优选法统筹法与经济数学研究会
   中国科学院科技战略咨询研究院

Chinese Journal of Management Science ›› 2014, Vol. 22 ›› Issue (2): 94-100.

• Articles • Previous Articles     Next Articles

Multi-Period Online Leasing Problem Based on Performance Ratio and Contract Constraint

YANG Xing-yu1, ZHANG Wei-guo2, XU Wei-jun2, ZHANG Yong1   

  1. 1. School of Management, Guangdong University of Technology, Guangzhou 510520, China;
    2. South China University of Technology, School of Business Administration, Guangzhou 510640, China
  • Received:2011-05-11 Revised:2012-06-02 Online:2014-02-20 Published:2014-02-18

Abstract: Signing leasing contracts is an important method to obtain the temporary using right of an equipment. The decision maker has to decide the number of the leasing days without knowing the number of the actual days he needs the equipment, and it is an online decision problem. Based on the performance ratio analysis and the linear fractional programming method, the single-period and multi-period online leasing problems are successively studied under contract constraint, and optimal leasing strategies and their performance ratios, are obtained respectively in this paper. Thanks to numerical examples, the effects of the daily return, the leasing fee and the loss fee on the optimal leasing strategies and their performance ratios are discussed. The results may instruct the online decision makers in determining the number of the leasing days, and the lessors in determining the leasing fee, the loss fee and so on.

Key words: contract constraint, multi-period online leasing, linear fractional programming, performance ratio

CLC Number: