Optimal Pricing and Admission Control in a Queueing System with Periodically Varying Parameters
dc.contributor.author | Yoon, Seunghwan | en_US |
dc.contributor.author | Lewis, Mark E. | en_US |
dc.date.accessioned | 2006-09-11T19:12:40Z | |
dc.date.available | 2006-09-11T19:12:40Z | |
dc.date.issued | 2004-07 | en_US |
dc.identifier.citation | Yoon, Seunghwan; Lewis, Mark E.; (2004). "Optimal Pricing and Admission Control in a Queueing System with Periodically Varying Parameters." Queueing Systems 47(3): 177-199. <http://hdl.handle.net/2027.42/47630> | en_US |
dc.identifier.issn | 0257-0130 | en_US |
dc.identifier.issn | 1572-9443 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/47630 | |
dc.description.abstract | We consider congestion control in a nonstationary queueing system. Assuming that the arrival and service rates are bounded, periodic functions of time, a Markov decision process (MDP) formulation is developed. We show under the infinite horizon discounted and average reward optimality criteria, for each fixed time, optimal pricing and admission control strategies are nondecreasing in the number of customers in the system. This extends stationary results to the nonstationary setting. Despite this result, the problem still seems intractable. We propose an easily implementable pointwise stationary approximation (PSA) to approximate the optimal policies, suggest a heuristic to improve the implementation of the PSA and verify its usefulness via a numerical study. | en_US |
dc.format.extent | 251576 bytes | |
dc.format.extent | 3115 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Kluwer Academic Publishers; Springer Science+Business Media | en_US |
dc.subject.other | Economics / Management Science | en_US |
dc.subject.other | Computer Communication Networks | en_US |
dc.subject.other | Systems Theory, Control | en_US |
dc.subject.other | Probability Theory and Stochastic Processes | en_US |
dc.subject.other | Operation Research/Decision Theory | en_US |
dc.subject.other | Production/Logistics | en_US |
dc.title | Optimal Pricing and Admission Control in a Queueing System with Periodically Varying Parameters | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Management | en_US |
dc.subject.hlbsecondlevel | Industrial and Operations Engineering | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.subject.hlbtoplevel | Engineering | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Department of Industrial and Operations Engineering, University of Michigan, 1205 Beal Avenue, Ann Arbor, MI, 48109-2117, USA | en_US |
dc.contributor.affiliationum | Department of Industrial and Operations Engineering, University of Michigan, 1205 Beal Avenue, Ann Arbor, MI, 48109-2117, USA | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/47630/1/11134_2004_Article_5273757.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1023/B:QUES.0000035313.20223.3f | en_US |
dc.identifier.source | Queueing Systems | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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