The residual value of the equipment is an important and inevitable issue for any decision-making process of equipment leasing. In this paper, we present an on-line financial leasing problem considering the second-hand transaction issue, i.e. the equipment can be sold in the secondary market when it is no longer needed. Using competitive analysis, the optimal deterministic strategies are given to deal with the financial leasing problem. Finally, to test the performance of the proposed on-line financial leasing strategies, several numerical experiments are conducted.

中文翻译：

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租赁还是融资租赁？二手交易在线融资租赁问题的确定性策略

设备的残值是任何设备租赁决策过程中不可回避的重要问题。在本文中，我们提出了一个考虑二手交易问题的在线融资租赁问题，即设备不再需要时可以在二级市场上出售。利用竞争分析，给出了解决融资租赁问题的最优确定性策略。最后，为了测试所提出的在线融资租赁策略的性能，进行了几个数值实验。