AssetPricing (Q7388199)
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Optimal Pricing of Assets with Fixed Expiry Date
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
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| English | AssetPricing |
Optimal Pricing of Assets with Fixed Expiry Date |
Statements
Calculates the optimal price of assets (such asairline flight seats, hotel room bookings) whose valuebecomes zero after a fixed “expiry date”. Assumespotential customers arrive (possibly in groups) accordingto a known inhomogeneous Poisson process. Also assumes aknown time-varying elasticity of demand (price sensitivity)function. Uses elementary techniques based on ordinarydifferential equations. Uses the package deSolve to effectthe solution of these differential equations.
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7 October 2021
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expanded from: GPL (≥ 2) (English)
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