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Pricing a stochastic car value depreciation deal

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  • Bader Alshamary
  • Ovidiu Calin

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.

Suggested Citation

  • Bader Alshamary & Ovidiu Calin, 2014. "Pricing a stochastic car value depreciation deal," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 30(4), pages 509-516, July.
    • Handle: RePEc:wly:apsmbi:v:30:y:2014:i:4:p:509-516
    DOI: 10.1002/asmb.2001
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