Congestion-based leadtime quotation and pricing for revenue maximization with heterogeneous customers (Q1934372): Difference between revisions
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Revision as of 12:43, 16 February 2024
scientific article
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English | Congestion-based leadtime quotation and pricing for revenue maximization with heterogeneous customers |
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Congestion-based leadtime quotation and pricing for revenue maximization with heterogeneous customers (English)
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28 January 2013
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The present paper deals with a queueing model where two customer classes compete for a given resource and each customer upon arrival is dynamically presented with a menu of price and leadtime pairs. The customers select their preferred pairs from the menu and the server is obligated to meet the given leadtime. Customers have convex-concave delay costs. The firm does not have information on a given customer's type, so the offered menus must be incentive compatible. A menu quotation policy is given and proven to be asymptotically optimal under traditional large-capacity heavy-traffic scaling.
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asymptotic optimality
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dynamic scheduling
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leadtime quotation
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dynamic pricing
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