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Profit maximization in the M/M/1 queue

Authors :
Alexandra Koshman
Refael Hassin
Source :
Operations Research Letters. 45:436-441
Publication Year :
2017
Publisher :
Elsevier BV, 2017.

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.

Details

ISSN :
01676377
Volume :
45
Database :
OpenAIRE
Journal :
Operations Research Letters
Accession number :
edsair.doi...........3a0dbfc0434bb126dd7fd8b0637470c9
Full Text :
https://doi.org/10.1016/j.orl.2017.06.003