A Theory Approach towards Tradable Rail Freight Option
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 appr...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/6661425 |
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| _version_ | 1832567430937837568 |
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| author | Jingwei Guo Lutian Li Ji Zhang Qi Shen Zhongqi Xie Qinglin Li |
| author_facet | Jingwei Guo Lutian Li Ji Zhang Qi Shen Zhongqi Xie Qinglin Li |
| author_sort | Jingwei Guo |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-2214008568804edebbd490c7bd8c9e08 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-2214008568804edebbd490c7bd8c9e082025-02-03T01:01:24ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/66614256661425A Theory Approach towards Tradable Rail Freight OptionJingwei Guo0Lutian Li1Ji Zhang2Qi Shen3Zhongqi Xie4Qinglin Li5School of Energy Science and Engineering, Henan Polytechnic University, Jiaozuo 454000, ChinaSchool of Energy Science and Engineering, Henan Polytechnic University, Jiaozuo 454000, ChinaSchool of Energy Science and Engineering, Henan Polytechnic University, Jiaozuo 454000, ChinaSchool of Energy Science and Engineering, Henan Polytechnic University, Jiaozuo 454000, ChinaSchool of Energy Science and Engineering, Henan Polytechnic University, Jiaozuo 454000, ChinaSchool of Transportation and Logistics, Southwest Jiaotong University, Chengdu 610031, ChinaFor 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.http://dx.doi.org/10.1155/2021/6661425 |
| spellingShingle | Jingwei Guo Lutian Li Ji Zhang Qi Shen Zhongqi Xie Qinglin Li A Theory Approach towards Tradable Rail Freight Option Discrete Dynamics in Nature and Society |
| title | A Theory Approach towards Tradable Rail Freight Option |
| title_full | A Theory Approach towards Tradable Rail Freight Option |
| title_fullStr | A Theory Approach towards Tradable Rail Freight Option |
| title_full_unstemmed | A Theory Approach towards Tradable Rail Freight Option |
| title_short | A Theory Approach towards Tradable Rail Freight Option |
| title_sort | theory approach towards tradable rail freight option |
| url | http://dx.doi.org/10.1155/2021/6661425 |
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