Hotel operator motives in UK sale and leaseback/management-back transactions

Sale and leaseback has become a major financing method in the hotel industry in the UK over the last 10 years, followed more recently by sale and management-back. This article, using interviews with current practitioners, examines the motivations of owner/operators in adopting these methods, identifying differences from generic motives in previous literature relating to the subject. It finds that, because of the integral part that hotel properties play in the delivery of customer service there are differences of opinion on the benefits of such an approach and there is a need to adopt some different considerations in the decision to use this method of funding.     

需求具有时变概率信息的在线租赁融资决策模型研究

随着经济管理中发现越来越多的在线问题,运用竞争算法分析也越来越受到人们的普遍关注。对于在线租赁问题,由于其需求结构简单且具有良好的统计性质,另外考虑到税率也是影响在线租赁决策的一个重要因素,本文运用竞争算法方法建立了需求具有线性指数危险率特征的在线租赁决策模型,并得到了最优的竞争策略及其竞争比。