Research Of Equipment Online Leasing Strategy Considering The Enterprise Income Tax

Equipment decisions are a part of enterprises' daily business decisions, which are closely associated with enterprise capital chain, affecting the later survival and development directly. However, due to the instability of market changes, equipment investors can not often know that how long time they will need for the equipment, but also want to introduce advanced equipment to improve productivity and product quality, then how they make decision. Equipment investors can choose to lease it or buy it. Assuming that the needed time is short, while equipment investors choose to buy it, they have to bear a high cost; if the needed time is long, they choose to lease it, the total leasing fee maybe more than the purchase price. In the face of the situation that the needed time is uncertain, it is important to make reasonable decision.Based on the different way of lease, in this paper, we combine with the enterprise income tax rate, investigating equipment on-line rental problem by using the method of on-line algorithm and competitive analysis theory? The main tasks are as follows:(1) We design the optimal deterministic strategy of equipment online operating lease and give its competitive ratio. Numerical analysis demonstrates that the competitive ratio changes with the different enterprise income tax rate and the enterprise income tax has a significant effect on rental decision.(2) We build the risk-reward models of equipment online operating lease. Equipment investors can choose the rental strategy based on their risk tolerance and the forecast of equipment required time. Numerical analysis demonstrates that risk-reward models can improve the performance of strategy significantly and the greater risk tolerance, the more reward will be obtained when the forecast success.(3) We build the deterministic strategy of equipment online financing lease. Online strategies are designed respectively with or without payment in financing lease. Numerical analysis demonstrates that the performance of online strategy improved with the decrease of enterprise income tax rate in the case of without payment and the performance of online strategy improved with the decrease of payment in the case of with payment.