Asset-selling problem with an uncertain deadline, quitting offer, and search skipping option

Ee, Mong-Shan 2009, Asset-selling problem with an uncertain deadline, quitting offer, and search skipping option, European journal of operational research, vol. 198, no. 1, pp. 215-222.

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Title Asset-selling problem with an uncertain deadline, quitting offer, and search skipping option
Author(s) Ee, Mong-Shan
Journal name European journal of operational research
Volume number 198
Issue number 1
Start page 215
End page 222
Publisher Elsevier BV
Place of publication Amsterdam, The Netherlands
Publication date 2009-10-01
ISSN 0377-2217
1872-6860
Keyword(s) dynamic programming
stochastic model
uncertain deadline
quitting offer
Summary This paper presents a discrete-time sequential stochastic asset-selling problem with an infinite planning horizon, where the process of selling the asset may reach a deadline at any point in time with a probability. It is assumed that a quitting offer is available at every point in time and search skipping is permitted. Thus, decisions must be made as to whether or not to accept the quitting offer, to accept an appearing buyer’s offer, and to conduct a search for a buyer. The main purpose of this paper is to clarify the properties of the optimal decision rules in relation to the model’s parameters.
Language eng
Field of Research 010206 Operations Research
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
HERDC collection year 2009
Copyright notice ©2008, Elsevier B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30032680

Document type: Journal Article
Collection: Deakin Graduate School of Business
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