Decentralized Regulation of a Queue

Rafael Hassin
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Rafael Hassin: Department of Statistics and Operations Research, School of Mathematical Sciences, Tel Aviv University, Tel Aviv 69978, Israel

Management Science, 1995, vol. 41, issue 1, 163-173

Abstract: A bidding machanism for determining priorities in a service system is analyzed. It is shown that when all customers have the same exponential service demand, this mechanism induces both the socially optimal arrival process and the service order. It is also shown that the profit-maximizing service rate in this model is smaller than or equal to the socially optimal one.

Keywords: priorities in queues; regulation of a queue; optimal rate of service (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:41:y:1995:i:1:p:163-173

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