A Theory Approach towards Tradable Rail Freight Option | Zendy

Jingwei Guo | Zendy; Lutian Li | Zendy; Ji Zhang | Zendy; Qi Shen | Zendy; Zhongqi Xie | Zendy; Qinglin Li | Zendy

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A Theory Approach towards Tradable Rail Freight Option

Author(s) -

Jingwei Guo,

Lutian Li,

Ji Zhang,

Qi Shen,

Zhongqi Xie,

Qinglin Li

Publication year - 2021

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1155/2021/6661425

Subject(s) - computer science , lemma (botany) , valuation of options , preference , nonparametric statistics , competition (biology) , business , microeconomics , operations research , industrial organization , economics , econometrics , mathematics , ecology , poaceae , biology

For railway freight pricing, this paper proposes a new tradable rail freight option (RFO). A multiphase trigeminal tree pricing model is established to analyze the optimal pricing decision of RFO. The main parameters of the model are identified theoretically through nonparametric Ito stochastic approach. The paper expands the theory of railway freight pricing. The aim of this paper is to construct the railway freight option theory to help railway transportation enterprise cope with fierce competition and challenge from other modes of transportation in China. The most significant feature of this method is its simplicity in analyzing the optimal pricing decision using only the algebraic category and Ito’s lemma.

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