دانلود رایگان مقاله تجزیه و تحلیل رقابتی مشکل اجاره نامه مالی آنلاین

abstract

The financial lease is an important financing tool by which the lessee can acquire ownership of equipment upon the expiration of the lease after making a series of rent payments for the use of the equipment. In this paper, we consider an online version of this financial lease decision problem in which the decision maker (the lessee) does not know how long he/she will use the equipment. By assuming, the lessee can use the equipment through two options: financial lease or lease; we define and solve this online financial lease decision problem using the competitive analysis method. The optimal online strategies are discussed in each financial lease case with or without down payment. Finally, the optimal strategies are summarized as simple decision rules.

7. Conclusion

As the modern leasing industry develops, leasing grows in popularity. Since the decision maker usually cannot determine the exact length of time the equipment will be needed, we explore the wellestablished techniques of the online competitive analysis method to find the optimal strategy. However, all of previous research into the lease option considers only operating leases. In practice, there is another important type of lease: the financial lease. The key feature of a financial lease is that the lessee may obtain ownership of the equipment after the lease period. This paper develops the optimal strategy between leasing and financial leasing using competitive analysis. We divide financial leasing according to whether there is a down payment and present the optimal competitive strategy for each case. Finally we summarize and present the optimal strategies with simple decision rules. In our future research, we plan to introduce the rate factor and consider more general models.