On the optimality of a full-service policy for a queueing system with discounted costs
Shaler Stidham ()
Mathematical Methods of Operations Research, 2005, vol. 62, issue 3, 485-497
Abstract:
We provide weak sufficient conditions for a full-service policy to be optimal in a queueing control problem in which the service rate is a dynamic decision variable. In our model there are service costs and holding costs and the objective is to minimize the expected total discounted cost over an infinite horizon. We begin with a semi-Markov decision model for a single-server queue with exponentially distributed inter-arrival and service times. Then we present a general model with weak probabilistic assumptions and demonstrate that the full-service policy minimizes both finite-horizon and infinite-horizon total discounted cost on each sample path. Copyright Springer-Verlag 2005
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mathme:v:62:y:2005:i:3:p:485-497
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DOI: 10.1007/s00186-005-0040-6
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