Comparison of socially optimal and profit maximizing prices in an unobservable queue with heterogeneous waiting costs.
Bara KimJeongsim KimPublished in: Oper. Res. Lett. (2021)
Keyphrases
- profit maximizing
- electricity markets
- waiting times
- decreasing function
- expected cost
- optimal solution
- markov chain
- nash equilibrium
- multi agent
- queue length
- expected profit
- single server
- holding cost
- budget constraints
- network revenue management
- high demand
- asymptotically optimal
- steady state
- dynamic programming
- single server queue
- long run
- loss probability
- artificial intelligence