Competitive analysis for two-option online leasing problem under sharing economy

Zhang, Yong; Wu, Jingting; Lin, Wenxiong; Hou, Muyu

doi:10.1007/s10878-022-00855-0

Cited by 1 publication

(1 citation statement)

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“…After that, an abundant amount of research extends the classical online leasing problem to illustrate real situations, such as online leasing problems considering interest rates [23][24][25], discounts [26][27][28], down payments [29], and separable properties [30]. In addition, variants of lease options in the online leasing problem are also investigated in [12,31,32].…”

Section: Introductionmentioning

confidence: 99%

Competitive Analysis of the Online Leasing Problem for Scarce Resources

Chen

Feng

2023

IJERPH

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The leasing activities of enterprises are of positive significance for promoting a green and low-carbon economy. For scarce resources that can easily go into tight supply states due to changes in the external market environment, the sudden change of their price is a common phenomenon in the leasing market. This paper provides an online leasing model based on the characteristics of scarce resources in which the resource might have a sudden price surge, and the length of its usage time cannot be known in advance. An online leasing strategy ON was then developed to achieve the minimum possible acquisition cost for the scarce resource. This strategy was proven to be the optimal online strategy through competitive analysis. Computational experiments were conducted to evaluate the performance of the proposed online strategy. Furthermore, sensitivity analysis of the problem parameters shows that increasing resource reserves and reducing the price-to-rent ratio are effective ways to improve the performance of enterprise leasing operation management for scarce resources.

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