IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v40y1992i3-supplement-2ps338-s342.html
   My bibliography  Save this article

Allocation of Waiting Time by Trading in Position on a G/M/S Queue

Author

Listed:
  • Daniel M. Rosenblum

    (Rutgers University, Newark, New Jersey)

Abstract

Customers on an S -server queue with exponential service times face losses due to waiting that are proportional to waiting time, with different loss rates. Customers are otherwise identical. They have complete knowledge of each other's loss rates. Instead of bribing a queue manager for priority assignment, they buy and sell queue positions among themselves. It is shown that the resulting market in queue positions optimally allocates waiting time. The transactions that can occur are completely characterized, including balking and reneging rules.

Suggested Citation

  • Daniel M. Rosenblum, 1992. "Allocation of Waiting Time by Trading in Position on a G/M/S Queue," Operations Research, INFORMS, vol. 40(3-supplem), pages 338-342, June.
    • Handle: RePEc:inm:oropre:v:40:y:1992:i:3-supplement-2:p:s338-s342
    DOI: 10.1287/opre.40.3.S338
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.40.3.S338
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.40.3.S338?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anouar El Haji & Sander Onderstal, 2019. "Trading places: An experimental comparison of reallocation mechanisms for priority queuing," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(4), pages 670-686, November.
    2. Luyi Yang & Zhongbin Wang & Shiliang Cui, 2021. "A Model of Queue Scalping," Management Science, INFORMS, vol. 67(11), pages 6803-6821, November.
    3. William P. Barnett & Daniel A. Levinthal, 2017. "Special Issue Introduction: Evolutionary Logics of Strategy and Organization," Strategy Science, INFORMS, vol. 2(1), pages 1-1, March.
    4. Luyi Yang & Laurens Debo & Varun Gupta, 2017. "Trading Time in a Congested Environment," Management Science, INFORMS, vol. 63(7), pages 2377-2395, July.
    5. Shiliang Cui & Zhongbin Wang & Luyi Yang, 2020. "The Economics of Line-Sitting," Management Science, INFORMS, vol. 66(1), pages 227-242, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:40:y:1992:i:3-supplement-2:p:s338-s342. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.