Equilibrium and optimal strategies to join a queue with partial information on service times
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Detail(s)
Original language | English |
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Pages (from-to) | 284-297 |
Journal / Publication | European Journal of Operational Research |
Volume | 214 |
Issue number | 2 |
Online published | 22 Apr 2011 |
Publication status | Published - 16 Oct 2011 |
Externally published | Yes |
Link(s)
Abstract
In this paper, we study customer equilibrium as well as socially optimal strategies to join a queue with only partial information on the service time distribution such as moments and the range. Based on such partial information, customers adopt the entropy-maximization principle to obtain the expectation of their waiting cost and decide to join or balk. We find that more information encourages customers to join the queue. And it is beneficial for decision makers to convey partial information to customers in welfare maximization but reveal full information in profit maximization. © 2011 Elsevier B.V. All rights reserved.
Research Area(s)
- Entropy maximization, Equilibrium, Joining/balking behavior, Partial information, Queueing
Citation Format(s)
Equilibrium and optimal strategies to join a queue with partial information on service times. / Guo, Pengfei; Sun, Wei; Wang, Yulan.
In: European Journal of Operational Research, Vol. 214, No. 2, 16.10.2011, p. 284-297.
In: European Journal of Operational Research, Vol. 214, No. 2, 16.10.2011, p. 284-297.
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review