Optimal pricing for a GI/M/k/N queue with several customer types and holding costs.
Eugene A. FeinbergFenghsu YangPublished in: Queueing Syst. Theory Appl. (2016)
Keyphrases
- holding cost
- queue length
- arrival rate
- optimal pricing
- lead time
- asymptotically optimal
- steady state
- total cost
- heavy traffic
- single server
- expected cost
- service rates
- infinite horizon
- high volume
- service times
- setup cost
- call center
- average cost
- single item
- state dependent
- inventory level
- cost function
- queueing networks
- long run
- lot sizing
- production cost
- planning horizon
- pricing model
- objective function
- customer service
- linear program
- optimal policy
- markov chain