A Theory Approach towards Tradable Rail Freight Option

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: Jingwei Guo, Lutian Li, Ji Zhang, Qi Shen, Zhongqi Xie, Qinglin Li
Format: Article
Language:English
Published: Hindawi Limited 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/6661425
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spelling doaj-2214008568804edebbd490c7bd8c9e082021-03-22T00:04:24ZengHindawi LimitedDiscrete Dynamics in Nature and Society1607-887X2021-01-01202110.1155/2021/6661425A Theory Approach towards Tradable Rail Freight OptionJingwei Guo0Lutian Li1Ji Zhang2Qi Shen3Zhongqi Xie4Qinglin Li5School of Energy Science and EngineeringSchool of Energy Science and EngineeringSchool of Energy Science and EngineeringSchool of Energy Science and EngineeringSchool of Energy Science and EngineeringSchool of Transportation and LogisticsFor 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
collection DOAJ
language English
format Article
sources DOAJ
author Jingwei Guo
Lutian Li
Ji Zhang
Qi Shen
Zhongqi Xie
Qinglin Li
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
author_facet Jingwei Guo
Lutian Li
Ji Zhang
Qi Shen
Zhongqi Xie
Qinglin Li
author_sort Jingwei Guo
title A Theory Approach towards Tradable Rail Freight Option
title_short 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_sort theory approach towards tradable rail freight option
publisher Hindawi Limited
series Discrete Dynamics in Nature and Society
issn 1607-887X
publishDate 2021-01-01
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.
url http://dx.doi.org/10.1155/2021/6661425
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