Profit maximization in the M/M/1 queue

Refael Hassin*, Alexandra Koshman

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Scopus citations

Abstract

We offer a new profit-maximizing mechanism for Naor's M/M/1 model, and bound the loss incurred when the waiting room's size is limited or the server is restricted to a static price and FCFS discipline.

Original languageEnglish
Pages (from-to)436-441
Number of pages6
JournalOperations Research Letters
Volume45
Issue number5
DOIs
StatePublished - Sep 2017

Funding

FundersFunder number
Israel Science Foundation1015/11, 355/15

    Keywords

    • High–low announcements
    • Observable queues
    • Profit-maximization in a queueing system

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