AssetPricing (version 0.0-10)
Optimal pricing of assets with fixed expiry date.
Description
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, solved
numerically via the method of Runge-Kutta.