Optimal pricing for a \(\mathrm{GI}/\mathrm{M}/k/N\) queue with several customer types and holding costs

DOI10.1007/S11134-015-9457-7zbMath1334.60194OpenAlexW1686686027MaRDI QIDQ257062

Eugene A. Feinberg, Fenghsu Yang

Publication date: 15 March 2016

Published in: Queueing Systems (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11134-015-9457-7

zbMATH Keywords

Markov decision processqueueing systemaverage reward optimalitybias optimalityBlackwell optimalityoptimal pricing

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Applications of optimal control and differential games (49N90) Queueing theory (aspects of probability theory) (60K25) Queues and service in operations research (90B22) Markov and semi-Markov decision processes (90C40) Performance evaluation, queueing, and scheduling in the context of computer systems (68M20)

Related Items (5)

On the optimality of a maintenance queueing system ⋮ Bias optimality of admission control in a non-stationary repairable queue ⋮ An Overview for Markov Decision Processes in Queues and Networks ⋮ Optimality of admission control in a repairable queue ⋮ Optimality of admission control in an M∕M∕1∕N queue with varying services

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Dynamic programming, Markov chains, and the method of successive approximations
• OPTIMALITY OF TRUNK RESERVATION FOR AN M/M/K/N QUEUE WITH SEVERAL CUSTOMER TYPES AND HOLDING COSTS
• Pricing and Capacity Rationing for Rentals with Uncertain Durations
• Optimal control of arrivals to multiserver queues in a random environment
• OPTIMALITY OF RANDOMIZED TRUNK RESERVATION FOR A PROBLEM WITH MULTIPLE CONSTRAINTS
• Admission Policies for a Two Class Loss System with General Interarrival Times
• Optimal control of admission to a quenching system
• Optimal Dynamic Pricing Policies for an M/M/s Queue
• The Asymptotic Behavior of Undiscounted Value Iteration in Markov Decision Problems
• Bias Optimality in Controlled Queueing Systems
• Optimal Pricing for an Unbounded Queue
• BIAS OPTIMALITY IN A QUEUE WITH ADMISSION CONTROL
• Congestion-dependent pricing in a stochastic service system
• Optimality of randomized trunk reservation for a problem with a single constraint
• A Queueing Reward System with Several Customer Classes
• Markov Renewal Programs with Small Interest Rates

This page was built for publication: Optimal pricing for a \(\mathrm{GI}/\mathrm{M}/k/N\) queue with several customer types and holding costs