A Theory Approach towards Tradable Rail Freight Option. (8th March 2021)

• Record Type: Journal Article
• Authors: Guo, Jingwei; Li, Lutian; Zhang, Ji; Shen, Qi; Xie, Zhongqi; Li, Qinglin
• Other Names: Pancioni Luca Academic Editor.
• Is Part Of: Discrete dynamics in nature and society. Volume 2021(2021)
• Publication Date: 2021-03-08
• Subjects: System analysis -- Periodicals; Dynamics -- Periodicals; Chaotic behavior in systems -- Periodicals; Differentiable dynamical systems -- Periodicals; 003.05
• DOI: 10.1155/2021/6661425
• Languages: English
• ISSNs: 1026-0226

Abstract

Abstract : 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.