Optimal prices for finite capacity queueing systems

We prove a lower bound on the optimal price for a fairly large class of blocking systems with general arrival and service processes, determine optimal price expressions for M/M/1/m and M/GI/s/s systems, and investigate how optimal prices change with changes in the size of the waiting room and service capacity.

• Type: Journal
• Year: 2006
• Where: ORL
• Authors: Serhan Ziya, Hayriye Ayhan, Robert D. Foley
• Keywords: Lower Bound, Optimal Price Expressions, Optimal Prices, ORL 2006