SHANDONG SCIENCE ›› 2016, Vol. 29 ›› Issue (1): 76-82.doi: 10.3976/j.issn.1002-4026.2016.01.013

• Tranfic and Transportation • Previous Articles     Next Articles

Optimality analysis of renting-buying balance online strategy for decrease of price and rent

CHENG Lingyan, HE Shiwei   

  1. School of Traffic and Transportation,Beijing Jiaotong University,Beijing 100044,China
  • Received:2015-11-03 Online:2016-02-20 Published:2016-02-20

Abstract:

We prove that buying strategy should be applied only if realtime price equals to accumulated rent amount to obtain approximately optimal online strategy with the smallest competitive ratio whose upperbound is 2 under the decrease of purchase price and rent with time and indefinite decision time.We analyze serial relationship between different market crushing time and equipment buying time and quantitative relationship between purchase price and accumulated rent for such two cases as constant price and rent and general situation. Our conclusion will provide a theoretical reference for the application of rentingbuying balance strategy in practical rent-buy decision.

Key words: online algorithm, competitive ratio, online leasing, renting-buying balance strategy

CLC Number: 

  • U294.1