This work studies the optimal pricing strategy in a discrete-time Geo/Geo/1 queuing system under the sojourn time-dependent reward. We consider two types of pricing schemes. The first one is called the ex-post payment scheme where the server charges a price that is proportional to the time a...

The main objective of this work is to study the effects that supply and demand factors have on waiting lists. With this aim, the authors discuss a model which explains the factors that can affect the production of healthcare, demand for healthcare, and finally, the inequalities between health...

We show that queueing rationing under price controls drives high-frequency trading. A one-cent uniform tick size (minimal price variation) creates rents and generates queues for liquidity provision, particularly for securities with lower prices (larger relative tick sizes). Speed rations the...

Recent evidence from large-scale field experiments has shown that employers use job candidates’ unemployment duration as a sorting criterion. In the present study, we investigate the mechanisms underlying this pattern. To this end, we conduct a lab experiment in which participants make hiring...

This paper studies a multiclass queueing system with endogenous abandonments where congestion affects customers' abandonment behavior and vice versa. Our model captures this interaction by developing two closely related models: an abandonment model and a queueing model. In the abandonment model,...

This paper studies a Geo/Geo/1 GI queue in which the abandonments are endogenous. One crucial feature of this model is that the abandonment behavior is affected by the system performance and vice versa. Our model captures this interaction by developing two closely related models: an abandonment...

Recent studies have shown that the processing speed of employees in service-based queueing systems is impacted by various behavioral factors. Limited analytical work, however, has been done to investigate how these behavioral factors affect the overall performance of different queueing system...

We analyze a time-varying Mperi/Geo2timeScale/N queueing system. The arrival process is periodic Poisson. The service time of a customer has components in different time scales: length of stay (LOS) in days and departure time (hdis) in hours. This queueing system has been used to study patient...