A Theory Approach towards Tradable Rail Freight Option
| Autor: | Li Lutian, Qinglin Li, Ji Zhang, Zhongqi Xie, Jingwei Guo, Qi Shen |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Lemma (mathematics)
Pricing decision 021103 operations research Operations research Article Subject Computer science 05 social sciences 0211 other engineering and technologies Railway transportation 02 engineering and technology Option theory Competition (economics) Tree (data structure) Modeling and Simulation 0502 economics and business QA1-939 Mathematics 050203 business & management |
| Zdroj: | Discrete Dynamics in Nature and Society, Vol 2021 (2021) |
| ISSN: | 1026-0226 |
| DOI: | 10.1155/2021/6661425 |
| Popis: | For railway freight pricing, this paper proposes a new tradable rail freight option (RFO). A multiphase trigeminal tree pricing model is established to analyze the optimal pricing decision of RFO. The main parameters of the model are identified theoretically through nonparametric Ito stochastic approach. The paper expands the theory of railway freight pricing. The aim of this paper is to construct the railway freight option theory to help railway transportation enterprise cope with fierce competition and challenge from other modes of transportation in China. The most significant feature of this method is its simplicity in analyzing the optimal pricing decision using only the algebraic category and Ito’s lemma. |
| Databáze: | OpenAIRE |
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