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» Optimal prices for finite capacity queueing systems
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ORL
2006
64views more  ORL 2006»
13 years 4 months ago
Optimal prices for finite capacity queueing systems
We prove a lower bound on the optimal price for a fairly large class of blocking systems with general arrival and service processes, determine optimal price expressions for M/M/1/...
Serhan Ziya, Hayriye Ayhan, Robert D. Foley
EOR
2010
110views more  EOR 2010»
13 years 5 months ago
Pricing surplus server capacity for mean waiting time sensitive customers
Resources including various assets of supply chains, face random demand over time and can be shared by others. We consider an operational setting where a resource is shared by two...
Sudhir K. Sinha, N. Rangaraj, N. Hemachandra
CDC
2009
IEEE
133views Control Systems» more  CDC 2009»
13 years 2 months ago
Bertrand games between multi-class queues
We develop a framework to study differentiated services when there are competing network providers. We adopt a multi-class queueing model, where providers post prices for various s...
Parijat Dube, Rahul Jain
QUESTA
2008
89views more  QUESTA 2008»
13 years 4 months ago
The asymptotic variance rate of the output process of finite capacity birth-death queues
We analyze the output process of finite capacity birth-death Markovian queues. We develop a formula for the asymptotic variance rate of the form + vi where is the rate of outputs...
Yoni Nazarathy, Gideon Weiss
TASE
2011
IEEE
12 years 12 months ago
Dynamic Pricing and Inventory Control in a Make-to-Stock Queue With Information on the Production Status
: This paper addresses the dynamic pricing problem of a single-item, make-to-stock production system. Demand arrives according to Poisson processes with changeable arrival rate dep...
Liuxin Chen, Youhua Chen, Zhan Pang