Pricing a stochastic car value depreciation deal

Bader Alshamary and Ovidiu Calin

Applied Stochastic Models in Business and Industry, 2014, vol. 30, issue 4, 509-516

Abstract: This paper deals with pricing a contract under which a dealer buys back a car from a client, for a cash amount contained in a given depreciation table. The value of the car is supposed to depreciate according to a stochastic model with random repairs modeled by a Poisson process. Copyright © 2013 John Wiley & Sons, Ltd.

Date: 2014
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https://doi.org/10.1002/asmb.2001

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Persistent link: https://EconPapers.repec.org/RePEc:wly:apsmbi:v:30:y:2014:i:4:p:509-516

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