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We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that...
Persistent link: https://www.econbiz.de/10003341369
We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that...
Persistent link: https://www.econbiz.de/10010365886
We study an adverse selection problem in which information that is imperfectly correlated with the agent's type becomes public ex post. Unbounded penalties are ruled out by assuming that the agent is wealth constrained. The following conclusions emerge. If the agent's utility is increasing in...
Persistent link: https://www.econbiz.de/10011538996
In mechanism design problems under incomplete information, it is generally difficult to find decision problems that are first best implementable. A decision problem under incomplete information is first best implementable if there exists a mechanism that extracts the private information and...
Persistent link: https://www.econbiz.de/10011539813
Persistent link: https://www.econbiz.de/10002983062
Consider the following due-date scheduling problem in a multiclass, acyclic, single-station service system: any class k job arriving at time t must be served by its due date t D_{k}. Equivalently, its delay ¦Ó_{k} must not exceed a given delay or lead-time D_{k}. In a stochastic system the...
Persistent link: https://www.econbiz.de/10013087135
We study how multi-product queueing systems should be controlled so that sojourn times (or end-to-end delays) do not exceed specified leadtimes. The network dynamically decides when to admit new arrivals and how to sequence the jobs in the system. To analyze this difficult problem, we propose an...
Persistent link: https://www.econbiz.de/10013087146
We developed a method for workforce scheduling that models both the structure of the set of permissible shifts, and the stochastic and time-varying demand process. A prototype implementation uses a genetic algorithm to search for good schedules, and evaluates the service level resulting from a...
Persistent link: https://www.econbiz.de/10012926032
This article studies the optimal prices and service quality grades that a queuing system --- the "firm” --- provides to heterogeneous, utility-maximizing customers who measure quality by their experienced delay distributions. Results are threefold: First, delay cost curves are introduced that...
Persistent link: https://www.econbiz.de/10012989689
Congestion at terminal gates is a significant issue that many ports are dealing with. The port of Songkhla, which serves as the main seaport in southern Thailand, has been confronted with this issue, together with an increase in the number of trucks over the last five years. This study aims to...
Persistent link: https://www.econbiz.de/10012627893