When demand for a good exceeds its supply, queuing mechanisms are commonly used to allocate the good in question to citizens. However, very long queues result in excessive wait times and this can lead to violence. As such, the purpose of this paper is to analyze two stochastic models of goods...

When demand for a good exceeds its supply, queuing mechanisms are commonly used to allocate the good in question to citizens. However, very long queues result in excessive wait times and this can lead to violence. As such, the purpose of this paper is to analyze two stochastic models of goods...

In order to minimize the risk of biological invasions in a country called Home, a seaport manager must inspect a certain number of arriving ships successfully in a time period of interest. Given that inspections are costly, how should our seaport manager, interested in minimizing the total...

In order to minimize the risk of biological invasions in a country called Home, a seaport manager must inspect a certain number of arriving ships successfully in a time period of interest. Given that inspections are costly, how should our seaport manager, interested in minimizing the total...