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This paper studies a multiclass queueing system with endogenous abandonments where congestion affects customers' abandonment behavior and vice versa. Our model captures this interaction by developing two closely related models: an abandonment model and a queueing model. In the abandonment model,...
Persistent link: https://www.econbiz.de/10012959614
This paper studies a Geo/Geo/1 GI queue in which the abandonments are endogenous. One crucial feature of this model is that the abandonment behavior is affected by the system performance and vice versa. Our model captures this interaction by developing two closely related models: an abandonment...
Persistent link: https://www.econbiz.de/10012959617
Persistent link: https://www.econbiz.de/10012506603
We consider a make-to-stock manufacturing system selling multiple products to price-sensitive customers. The system manager seeks to maximize the long-run average profit by making dynamic pricing, outsourcing, and scheduling decisions: First, she adjusts prices dynamically depending on the...
Persistent link: https://www.econbiz.de/10012847461