For the bulk and stable cargo, railway commonly uses the protocol transport. The railway transport enterprise can avoid the market risk at the same time when providing security to transportation capacity. This paper introduces the option theory to the process of protocol transport in pricing, establishes the optimal decision model based on the largest returns of enterprise and customer and solves the problems of setting option exercise price and buying option quantity. This paper considers the changes in market prices and the competition of other modes of transport when building the model and finally applies the model to a simple example.


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    Title :

    Pricing Model of Railway Cargo Protocol Transport Based on Option Theory


    Contributors:
    Wang, Fan (author) / Li, Xueqin (author)

    Conference:

    Fifth International Conference on Transportation Engineering ; 2015 ; Dailan, China


    Published in:

    ICTE 2015 ; 58-63


    Publication date :

    2015-09-25




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English



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