A Versatile Queuing System For Sharing Economy Platform Operations

DOI10.3390/MATH7111005arXiv1907.05887WikidataQ126983864 ScholiaQ126983864MaRDI QIDQ6322018FDOQ6322018

Publication date: 12 July 2019

Abstract: The paper deals with a sharing economy system with various management factors by using a bulk input G/M/1 type queuing model. The effective management of operating costs is vital for controlling the sharing economy platform and this research builds the theoretical background to understand the sharing economy business model. Analytically, the techniques include a classical Markov process of the single channel queueing system, semi-Markov process and semi-regenerative process. It uses the stochastic congruent properties to find the probability distribution of the number of contractors in the sharing economy platform. The obtained explicit formulas demonstrate the usage of functional for the main stochastic characteristics including sharing expenses due to over contracted resources and optimization of their objective function.

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Queues and service in operations research (90B22) Queueing theory (aspects of probability theory) (60K25) Stochastic programming (90C15) Markov renewal processes, semi-Markov processes (60K15) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20) Inventory, storage, reservoirs (90B05)

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