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Queues are common phenomenon in different operations nowadays. This is due to the higher demand for a service compared to the supply. The high demand for the use of the banking sector has posed some significant problems which includes poor service facilities and delivery which remains an...
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We analyze a service firm that caters to price and delay sensitive customers who are differentiated on both their value for the service and the cost of waiting. There is a continuum of customer types in our setting and we model each customer's cost of waiting to be linear in the delay incurred...
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The (relative) cost of the customer’s waiting time has long been used as a key parameter in queueing models, but it can be difficult to estimate. Recently, Singhal, Singhal, and Kumar (2019) introduce a new queue characteristic, the value of the customer’s waiting time, which measures how an...
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