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We consider a make-to-stock, finite-capacity production system with setup cost and delay-sensitive customers. To balance the setup and inventory related costs, the production manager adopts a two-critical-number control policy, where the production starts when the number of waiting customers...
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We consider a queueing system in which customers are loss averse towards both price and delay attributes: customers compare these two attributes to their rational expectations of the outcomes, with losses being more painful than equal-sized gains being pleasant. We first study customers'...
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This paper aims to examine and design operational strategies for mixed flows of autonomous vehicles (AVs) and human-driven vehicles (HVs). Unlike HV drivers who are heterogeneous in driving behaviors, AVs are expected to make optimal driving controls and improve mobility in platoons. Moreover,...
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