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AssetPricing (version 0.0-11)

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.

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Install

install.packages('AssetPricing')

Monthly Downloads

305

Version

0.0-11

License

GPL (>= 2)

Maintainer

Last Published

February 11th, 2013

Functions in AssetPricing (0.0-11)