DocumentCode :
606012
Title :
Business model of clean energy vehicles industry based on option
Author :
Zhi-yang Zhong ; Jian-xin You
Author_Institution :
Sch. of Econ. & Manage., Tongji Univ., Shanghai, China
fYear :
2012
fDate :
23-25 Oct. 2012
Firstpage :
533
Lastpage :
538
Abstract :
Along with the expanding of the operating scale, governments have to buy more new energy vehicles in order to offer experiences to industrialization and commercialization. Financial leasing as a new business model of clean energy demonstration obtains lots of attentions. In this paper, discussions are concerned on the solution of the EVs which should be found when the expiry of the leasing between the local government and the finance company. Considering on the financial aspects in the business model, the method uses partial differential equations to describe the price of option EVs. Based on the new method, EVs´ price has been decided using finite difference method; the amount of options sold has been calculated using an integral linear programming. Such a pricing model was much better than the method that didn´t take option into consideration.
Keywords :
automobiles; corporate modelling; environmental economics; environmental factors; finite difference methods; leasing; linear programming; local government; partial differential equations; pricing; public finance; business model; clean energy vehicles industry; finance company; financial leasing; finite difference method; integral linear programming; local government; partial differential equations; pricing model; Clean energy vehicles; financial leasing; integral linear programming;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Information Science and Service Science and Data Mining (ISSDM), 2012 6th International Conference on New Trends in
Conference_Location :
Taipei
Print_ISBN :
978-1-4673-0876-2
Type :
conf
Filename :
6528692
Link To Document :
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