Optimal control of an M/M/2 queueing system with finite capacity operating under the triadic (0, Q, N, M) policy.
Kuo-Hsiung WangYa-Ling WangPublished in: Math. Methods Oper. Res. (2002)
Keyphrases
- optimal control
- finite capacity
- queueing model
- base stock policy
- infinite horizon
- single product
- state dependent
- finite horizon
- steady state
- arrival rate
- dynamic programming
- optimal policy
- control problems
- stochastic control
- average cost
- lead time
- control strategy
- asymptotically optimal
- queueing systems
- call center
- stationary distribution
- queue length
- long run
- stochastic demand
- brownian motion
- revenue management
- single server
- markov decision process
- reinforcement learning
- single item
- service times
- markov chain
- total cost
- real time
- holding cost
- queueing networks
- independent and identically distributed
- heavy traffic
- markov decision processes
- finite state
- transition probabilities
- multistage
- mathematical model