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Erratum to Sharp Bounds and Simple Approximations for the Erlang Delay and Loss Formulas (Vol. 34, No. 8 (August 1988), pp. 959-972.)
Persistent link: https://www.econbiz.de/10009197371
Some sharp bounds and simple approximations are obtained for the Erlang delay formula and for the Erlang loss formula. One of the results is then used to get a simple analytical solution for the Server Allocation Problem.
Persistent link: https://www.econbiz.de/10009203903
This paper considers the effect of learning from experience on the output decisions of a perfectly competitive firm faced with the demand uncertainty. Specifically, a Bayesian framework for expectations formation and demand forecasting by a perfectly competitive firm is presented. Focusing the...
Persistent link: https://www.econbiz.de/10009198184