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.


Reference manual

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install.packages("AssetPricing")

1.0-3 by Rolf Turner, 5 years ago


http://www.stat.auckland.ac.nz/~rolf/


Browse source code at https://github.com/cran/AssetPricing


Authors: Rolf Turner <[email protected]>


Documentation:   PDF Manual  


GPL (>= 2) license


Imports polynom, deSolve


See at CRAN