Article ID: | iaor20062335 |
Country: | Netherlands |
Volume: | 34 |
Issue: | 2 |
Start Page Number: | 214 |
End Page Number: | 218 |
Publication Date: | Mar 2006 |
Journal: | Operations Research Letters |
Authors: | Ayhan Hayriye, Foley Robert D., Ziya Serhan |
Keywords: | queues: applications |
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.