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Results from classic queueing theory are shown to be useful for capacity planning of largescale multi-server systems. In the field of mainframe systems on-line monitoring and dynamic workload management care for the fulfilment of short-term performance goals with respect to service class...
Persistent link: https://www.econbiz.de/10010308907
Capacity planning for large-scale systems like mainframe installations is typically based on rather coarse historical workload data. Hence, it is advisable to employ techniques and tools that use the same macroscopic (high-level) view of the overall system. We follow the classic approach known...
Persistent link: https://www.econbiz.de/10010308908
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10011325014
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...
Persistent link: https://www.econbiz.de/10010298573
In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the study of commuting behavior. This is illustrated by showing that introduction of a spatial element into the standard model of job search leads to the prediction of critical...
Persistent link: https://www.econbiz.de/10010325209
-called peer group games being non-negative additive games on a permission tree. We provide a polynomial time algorithm for …
Persistent link: https://www.econbiz.de/10010325798
The process of transition and growth in Central and Eastern Europe (CEE) provides interesting insights, considering the countries' historical relationship with the Soviet Union. The 20 years after the Eastern enlargement of the European Union show an integrative power within the Single Market....
Persistent link: https://www.econbiz.de/10015419693
At present, labour unions of waste disposal agencies and company management are at loggerheads, frequently turning out contradictory sanitation assessments. This reveals a shifting outlook of sanitation accomplishment that should be resolved. Unfortunately, there is scanty research on road...
Persistent link: https://www.econbiz.de/10014285634
This paper examines a stochastic model to determine optimal pricing, waiting time, output, and sizing decisions for service firms which compete on time in an uncertain environment. Sizing decisions concern optimal service capacity and maximum physical waiting room (with a given probability)....
Persistent link: https://www.econbiz.de/10010317085
Over the last 20 years, acute care hospitals in most OECD have built up costly overcapacities. From the perspective of economic policy, it is desirable to know how hospitals of different ownership form respond to changes in demand and are probably best suited to deal with existing...
Persistent link: https://www.econbiz.de/10010265819