A switching model of dynamic asset selling problem

Ee, Mong-Shan 2007, A switching model of dynamic asset selling problem, Journal of the operations research society of Japan, vol. 50, no. 3, pp. 232-248.

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Title A switching model of dynamic asset selling problem
Author(s) Ee, Mong-ShanORCID iD for Ee, Mong-Shan orcid.org/0000-0001-8366-1098
Journal name Journal of the operations research society of Japan
Volume number 50
Issue number 3
Start page 232
End page 248
Publisher Operations Research Society of Japan
Place of publication Tokyo, Japan
Publication date 2007
ISSN 0453-4514
Keyword(s) programming
posted price mechanism
reservation price mechanism
Summary This paper proposes an asset selling problem with a new selling strategy called the switching strategy where multiple homogeneous assets on hand must be sold up to a specified deadline. At each point in time the seller is permitted to decide between 1) proposing a selling price up front to an appearing buyer and 2) concealing the price and letting the buyer come up with an offer. Our analysis indicates that under certain conditions there emerges a time threshold after which the seller switches from concealing his idea for the selling price to proposing this price, and vice versa.
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
Copyright notice ©2007, Operations Research Society of Japan
Persistent URL http://hdl.handle.net/10536/DRO/DU:30032681

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Business School
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