Decentralized Regulation of a Queue

A bidding machanism for determining priorities in a service system is analyzed. It is shown that when all customers have the same exponential service demand, this mechanism induces both the socially optimal arrival process and the service order. It is also shown that the profit-maximizing service rate in this model is smaller than or equal to the socially optimal one.

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Year of publication:	1995
Authors:	Hassin, Rafael
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 41.1995, 1, p. 163-173
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	priorities in queues \| regulation of a queue \| optimal rate of service

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.41.1.163 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009209199