Amortized efficiency of list update and paging rules
Communications of the ACM
Competitive solutions for online financial problems
ACM Computing Surveys (CSUR)
Online computation and competitive analysis
Online computation and competitive analysis
On the on-line rent-or-buy problem in probabilistic environments
Journal of Global Optimization
Ski rental with two general options
Information Processing Letters
A risk-reward model for the on-line leasing of depreciable equipment
Information Processing Letters
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In this paper, we generalize the traditional on-line leasing problem to the case where the equipment is depreciable and the investor can always sell the used equipment for a positive price, which is an essential feature of many practical leasing problems. The traditional risk-reward model for the case with a certain forecast has been discussed for the on-line leasing of depreciable equipment. On the basis of this, an improved risk-reward model with a probability forecast is obtained here and presented as the main result. A relationship between the two risk-reward models, in which the latter includes the former as a special case, is proved. Numerical analysis shows that the competitive performance is significantly improved in the risk-reward models.