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Purchasing Priorities in Queues

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  • K. R. Balachandran

    (University of Wisconsin)

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    Abstract

    A class of queueing problems is introduced in which each customer can purchase preferential treatment by making a payment. Each customer is assumed to select his payment so as to minimize his own expected cost, without regard for global considerations. A payment policy determines a customer's payment as a function of the information available. A payment policy is said to be stable if no one customer can reduce his expected cost by deviating from it, provided that all other customers follow it. The existence of stable payment policies which are not globally optimal is demonstrated in examples based on the M/M/1 queue.

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    File URL: http://dx.doi.org/10.1287/mnsc.18.5.319
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 18 (1972)
    Issue (Month): 5-Part-1 (January)
    Pages: 319-326

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    Handle: RePEc:inm:ormnsc:v:18:y:1972:i:5-part-1:p:319-326

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    Cited by:
    1. Kittsteiner, Thomas & Moldovanu, Benny, 2004. "Priority Auctions and Queue Disciplines that Depend on Processing Time," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 5, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    2. Jay Pil Choi & Byung-Cheol Kim, 2008. "Net Neutrality and Investment Incentives," CESifo Working Paper Series 2390, CESifo Group Munich.
    3. Shone, Rob & Knight, Vincent A. & Williams, Janet E., 2013. "Comparisons between observable and unobservable M/M/1 queues with respect to optimal customer behavior," European Journal of Operational Research, Elsevier, vol. 227(1), pages 133-141.

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