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AssetPricing: Optimal Pricing of Assets with Fixed Expiry Date
Calculates the optimal price of assets (such as airline flight seats, hotel room bookings) whose value becomes zero after a fixed ``expiry date''. Assumes potential customers arrive (possibly in groups) according to a known inhomogeneous Poisson process. Also assumes a known time-varying elasticity of demand (price sensitivity) function. Uses elementary techniques based on ordinary differential equations. Uses the package deSolve to effect the solution of these differential equations.
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Package details |
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| Author | Rolf Turner <r.turner@auckland.ac.nz> |
| Maintainer | Rolf Turner <r.turner@auckland.ac.nz> |
| License | GPL (>= 2) |
| Version | 1.0-3 |
| URL | http://www.stat.auckland.ac.nz/~rolf/ |
| Package repository | View on CRAN |
| Installation |
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