Chen, Jing; Wang, Jian; Bell, Peter C. - In: European Journal of Operational Research 238 (2014) 1, pp. 233-244
Lease expiration management (LEM) in the apartment industry aims to control the number of lease expirations and thus achieve maximal revenue growth. We examine rental rate strategies in the context of LEM for apartment buildings that offer a single lease term and face demand uncertainty. We show...