Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service
| dc.contributor.author | görkem sariyer | |
| dc.contributor.author | Sariyer, Görkem | |
| dc.date.accessioned | 2025-10-22T16:06:15Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | Service providers can adjust the entrance price to the state of the demand in real life service systems where the customers' decision to receive the service is based on this price state of demand and other system parameters. We analyzed service provider's short and long term pricing problems in unobservable M/M/1queues having the rational customers where for customers the unit cost of waiting in the queue is higher than unit cost of waiting in the service. We showed that waiting in the queue has a clear negative effect on customers' utilities hence the service provider's price values. We also showed that in the short term monopolistic pricing is optimal for congested systems with high server utilization levels whereas in the long term market capturing pricing is more profitable | |
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| dc.identifier.issn | 2146-0957 | |
| dc.identifier.issn | 2146-5703 | |
| dc.identifier.uri | https://gcris.yasar.edu.tr/handle/123456789/11028 | |
| dc.identifier.uri | https://search.trdizin.gov.tr/en/yayin/detay/220658 | |
| dc.language.iso | İngilizce | |
| dc.relation.ispartof | An International Journal of Optimization and Control: Theories & Applications (IJOCTA) | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.source | An International Journal of Optimization and Control: Theories & Applications (IJOCTA) | |
| dc.subject | İstatistik ve Olasılık | |
| dc.title | Pricing in M/M/1 queues when cost of waiting in queue differs from cost of waiting in service | |
| dc.type | Article | |
| dc.type | Article | |
| dspace.entity.type | Publication | |
| gdc.author.id | 0000-0002-8290-2248 | |
| gdc.author.institutional | Sariyer, Görkem | |
| gdc.coar.type | text::journal::journal article | |
| gdc.description.department | ||
| gdc.description.departmenttemp | [Sariyer, Görkem] Yaşar Üniversitesi, İktisadi Ve İdari Bilimler Fakültesi, İşletme Bölümü, İzmir, Türkiye | |
| gdc.description.endpage | 41 | |
| gdc.description.issue | 1 | |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | |
| gdc.description.startpage | 35 | |
| gdc.description.volume | 7 | |
| gdc.identifier.trdizinid | 220658 | |
| gdc.index.type | TR-Dizin | |
| gdc.virtual.author | Ataman, Görkem | |
| oaire.citation.endPage | 41 | |
| oaire.citation.startPage | 35 | |
| publicationissue.issueNumber | 1 | |
| publicationvolume.volumeNumber | 7 | |
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