Estimating the Implied Value of the Customer's Waiting Time

Estimating the Implied Value of the Customer's Waiting Time

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Article ID: iaor20112175
Volume: 13
Issue: 1
Start Page Number: 53
End Page Number: 57
Publication Date: Dec 2011
Journal: Manufacturing & Service Operations Management
Authors: ,
Keywords: scheduling
Abstract:

Almost all research in appointment scheduling has focused on the trade‐off between customer waiting times and server idle times. In this paper, we present an observation‐based method for estimating the relative cost of the customer waiting time, which is a critical parameter for finding the optimal appointment schedule.

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