A Priority Queue with Discounted Linear Costs
J. Michael Harrison
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J. Michael Harrison: Stanford University, Stanford, California
Operations Research, 1975, vol. 23, issue 2, 260-269
Abstract:
We consider a nonpreemptive priority queue with a finite number of priority classes, Poisson arrival processes, and general service time distributions. It is not required that the system be stable or even that the mean service times be finite. The economic framework is linear, consisting of a holding cost per unit time and fixed service reward for each customer class. Future costs and rewards are continuously discounted with a positive interest rate. Allowing general initial queue sizes, we develop an expression for the expected present value of rewards received minus costs incurred over an infinite horizon. From this we obtain the Laplace transform of the time-dependent expected queue length for each customer class.
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:23:y:1975:i:2:p:260-269
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