Using Partial Differential Equations for Pricing of Goods and Services

Traykov Metodi (), Trencheva Miglena (), Mavrevski Radoslav (), Stoilov Anton () and Trenchev Ivan ()
Additional contact information
Traykov Metodi: Faculty of Mathematics and Natural Sciences, South-West University “Neofit Rilski”, Bulgaria
Trencheva Miglena: Faculty of Economics, South-West University “Neofit Rilski”, Bulgaria
Trenchev Ivan: Faculty of Engineering, South-West University “Neofit Rilski”, Bulgaria

Scientific Annals of Economics and Business, 2016, vol. 63, issue 2, 291-298

Abstract: This article is based on the methodology of comparative analysis, using an innovative approach for pricing of various goods and services. Benchmarking is the continuous search to find and adapt better pricing methods that leading to increased profits. We will consider the numerical solution of partial differential equations, based on Black-Scholes model for pricing of goods and services within European option. Also, we will present formulation and numerical behavior of explicit and implicit methods that can be use in pricing for company assets within European option.

Keywords: partial differential equations; economics; pricing; goods; services (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/saeb-2016-0122 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:63:y:2016:i:2:p:291-298:n:11

DOI: 10.1515/saeb-2016-0122

Access Statistics for this article

Scientific Annals of Economics and Business is currently edited by Ovidiu Stoica

More articles in Scientific Annals of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().