Online Gold Trading Problem and its Competitive Analysis
Gold trading is a typical online decision problem in our real life. Considering the actual situation, the investor is assumed to buy the gold in low point and sell it in high point one at a time, so that she can earn the price difference, achieving the maximize returns. We present an online trading strategy considering the transaction cost and trading one. at a time, that is to say, the investors energy is so limited that transactions in batches are excluded. The competitive analysis of the online strategy is discussed, and the competitive ratio is obtained. Finally, the advantage of the online strategy is illustrated by an example.
gold trading online strategy competitive analysis competitive ratio
Xin Chunlin Zhang Miaomiao Shen Fengwu
Operations Management and Strategic Decision Research Center, Beijing University of Chemical Technology,Beijing, China School of Economics and Management, Beijing University of Chemical Technology, Beijing, China
国际会议
北京
英文
681-684
2010-11-27（万方平台首次上网日期，不代表论文的发表时间）