Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service

sariyer, görkem

Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service

Görkem SARIYER (Yaşar Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, İzmir, Türkiye)

An International Journal of Optimization and Control: Theories & Applications (IJOCTA)

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Yıl: 2017 Cilt: 7 Sayı: 1 Sayfa Aralığı: 35 - 41 Metin Dili: İngilizce İndeks Tarihi: 29-07-2022

Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service

Öz:

Service providers can adjust the entrance price to the state of the demand in real life service systems where the customers' decision to receive the service, is based on this price, state of demand and other system parameters. We analyzed service provider's short and long term pricing problems in unobservable M/M/1queues having the rational customers, where, for customers, the unit cost of waiting in the queue is higher than unit cost of waiting in the service. We showed that waiting in the queue has a clear negative effect on customers' utilities, hence the service provider's price values. We also showed that, in the short term, monopolistic pricing is optimal for congested systems with high server utilization levels, whereas in the long term, market capturing pricing is more profitable

Anahtar Kelime:

Konular: Matematik İstatistik ve Olasılık

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	sariyer g (2017). Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. , 35 - 41.
Chicago	sariyer görkem Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. (2017): 35 - 41.
MLA	sariyer görkem Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. , 2017, ss.35 - 41.
AMA	sariyer g Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. . 2017; 35 - 41.
Vancouver	sariyer g Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. . 2017; 35 - 41.
IEEE	sariyer g "Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service." , ss.35 - 41, 2017.
ISNAD	sariyer, görkem. "Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service". (2017), 35-41.

APA	sariyer g (2017). Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. An International Journal of Optimization and Control: Theories & Applications (IJOCTA), 7(1), 35 - 41.
Chicago	sariyer görkem Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. An International Journal of Optimization and Control: Theories & Applications (IJOCTA) 7, no.1 (2017): 35 - 41.
MLA	sariyer görkem Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. An International Journal of Optimization and Control: Theories & Applications (IJOCTA), vol.7, no.1, 2017, ss.35 - 41.
AMA	sariyer g Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. An International Journal of Optimization and Control: Theories & Applications (IJOCTA). 2017; 7(1): 35 - 41.
Vancouver	sariyer g Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service. An International Journal of Optimization and Control: Theories & Applications (IJOCTA). 2017; 7(1): 35 - 41.
IEEE	sariyer g "Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service." An International Journal of Optimization and Control: Theories & Applications (IJOCTA), 7, ss.35 - 41, 2017.
ISNAD	sariyer, görkem. "Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service". An International Journal of Optimization and Control: Theories & Applications (IJOCTA) 7/1 (2017), 35-41.