Search Results - subject:"queueing"

Dynamic Pricing of a Multiclass Make-to-Stock Queue

Ata, Baris - 2020

We consider a make-to-stock manufacturing system selling multiple products to price-sensitive customers. The system manager seeks to maximize the long-run average profit by making dynamic pricing, outsourcing, and scheduling decisions: First, she adjusts prices dynamically depending on the...

Persistent link: https://www.econbiz.de/10012847461

How Observed Queue Length and Service Times Drive Queue Behavior in the Lab

Aksin, O. Zeynep - 2020

Join and renege decisions from a single server, observable, first come first served queue are studied via controlled laboratory experiments. The role observed queue length and encountered service time experience plays on these decisions is explored. Reneging behavior by customers influences the...

Persistent link: https://www.econbiz.de/10012849233

Queueing systems with rationally inattentive customers

Canyakmaz, Caner - 2020

Problem description: Classical models of queueing systems with rational and strategic customers assume queues to be …. Methodology: We develop an equilibrium model for a single-server queueing system with customers having limited attention …

Persistent link: https://www.econbiz.de/10012851287

Priority Queues and Consumer Surplus

Lariviere, Martin - 2020

Problem definition: We examine whether priority queues benefit consumers relative to first-in first-out service. Academic/practical relevance: Priorities are a commonly recommend way to reduce waiting costs, but it is not clear whether they help customers. Methodology: We build an analytical...

Persistent link: https://www.econbiz.de/10012851467

The Efficient Queue and the Case Against Dynamic Pricing

Woodcock, Ramsi - 2020

are required to equilibrate supply and demand. Lower prices, the argument goes, would lead to wasteful queuing. In fact …, the same technological advances that have enabled dynamic pricing have also driven the cost of queuing nearly to zero, by …

Persistent link: https://www.econbiz.de/10012851612

An Economic Analysis of the Bitcoin Payment System

Huberman, Gur - 2020

Bitcoin provides its users with transaction-processing services which are similar to those of traditional payment systems. This paper models the novel economic structure implied by Bitcoin's innovative decentralized design, which allows the payment system to be reliably operated by unrelated...

Persistent link: https://www.econbiz.de/10012853859

Pooled versus Dedicated Queues When Customers Are Delay-Sensitive

Sunar, Nur - 2020

-server queueing system which can be operated with either dedicated queues or a pooled one. Customers are delay-sensitive and they …

Persistent link: https://www.econbiz.de/10012853984

Queueing Versus Surge Pricing Mechanism : Efficiency, Equity, and Consumer Welfare

Zhong, Yueyang - 2020

with a queueing mechanism, called the virtual queueing mechanism, in a number of cities across China to mitigate public … relations pressure. To explore the benefits of the virtual queueing mechanism over the surge pricing mechanism in terms of … operational efficiency, equity, and consumer welfare, we build a model of a data-driven state-dependent open queueing network …

Persistent link: https://www.econbiz.de/10012830209

Behavior-Aware Queueing : The Finite-Buffer Setting with Many Strategic Servers

Zhong, Yueyang - 2020

Service system design is often informed by queueing theory. Traditional queueing theory assumes that servers work at …

Persistent link: https://www.econbiz.de/10012830386

Queues with Redundancy : Is Waiting in Multiple Lines Fair?

Nageswaran, Leela - 2020

In service settings such as multiple listing for organ transplants and supermarkets with multiple checkout lines, some customers join multiple queues simultaneously, enabling them to receive service in any one of the queues. We study fairness in these systems: Does such multiple queue-joining...

Persistent link: https://www.econbiz.de/10012855181