Pricing Analysis in GeoGeo1 Queueing System
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-5, 5 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-02-25
Country of Publication
Egypt
No. of Pages
5
Main Subjects
Abstract EN
This paper studies the equilibrium behavior of customers and optimal pricing strategies of servers in a Geo/Geo/1 queueing system.
Two common pricing mechanisms are considered.
The first one is called ex-post payment (EPP) scheme where the server collects tolls proportional to queue times, and the second one is called ex-ante payment (EAP) scheme where the server charges a flat fee for the total service.
The server sets the toll price to maximize its own profit.
It is found that, under a customer’s choice equilibrium, the two toll mechanisms are equivalent from the economic point of view.
Finally, we present several numerical experiments to investigate the effects of system parameters on the equilibrium customer joining rate and servers’ profits.
American Psychological Association (APA)
Ma, Yan& Liu, Zaiming. 2015. Pricing Analysis in GeoGeo1 Queueing System. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-5.
https://search.emarefa.net/detail/BIM-1073144
Modern Language Association (MLA)
Ma, Yan& Liu, Zaiming. Pricing Analysis in GeoGeo1 Queueing System. Mathematical Problems in Engineering No. 2015 (2015), pp.1-5.
https://search.emarefa.net/detail/BIM-1073144
American Medical Association (AMA)
Ma, Yan& Liu, Zaiming. Pricing Analysis in GeoGeo1 Queueing System. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-5.
https://search.emarefa.net/detail/BIM-1073144
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1073144