AssetPricing (version 0.1-2)
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. Uses the package deSolve to effect
the solution of these differential equations.