We consider the problem of simultaneously allocating servers and demands in a service system with independent multiple facilities. We assume a fixed number of facilities and total servers which must service a given Poisson arrival stream. We also assume that service times are identically...

The spread between yields on corporate bonds of differing quality is one of the most important measures of the aggregate level of credit risk in the economy and has been widely used as an indicator of overall economic activity and of stock prices. It has also assumed considerable importance in...