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Journal of Applied Sciences
  Year: 2009 | Volume: 9 | Issue: 6 | Page No.: 1185-1189
DOI: 10.3923/jas.2009.1185.1189
 
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Competitive Analysis of Two Special Bahncard Replacement Problem

Lili Ding, Xinmin Liu and Wanglin Kang

Abstract:
This study provides a new competitive analysis framework for the Bahncard problem through introducing the two-stage discount rate and the risk management. For the online decision-makers, who have not any information about future demand, a new online algorithm is present to help them choose an optimal replacement strategy. Furthermore, when the online decision-makers are willing to increase their risk for some reward, an optimal online risk algorithm is developed, which help them manage risk based on their risk tolerance and forecast.
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How to cite this article:

Lili Ding, Xinmin Liu and Wanglin Kang, 2009. Competitive Analysis of Two Special Bahncard Replacement Problem. Journal of Applied Sciences, 9: 1185-1189.

DOI: 10.3923/jas.2009.1185.1189

URL: https://scialert.net/abstract/?doi=jas.2009.1185.1189

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