This book provides one of the first unified accounts of the dynamic aspects involved in the
strategic behavior in queues. The author presents the material in an easy style with mostly …

We introduce a measure of elasticity of stochastic demand, called the elasticity of the lost-
sales rate, which offers a unifying perspective on the well-known newsvendor with pricing …

In service systems with delay-sensitive customers, customer decisions to join the queue or
balk influence demand, impacting service provider profits. Studies show that customers can …

This paper studied the optimal pricing strategy based on a highly realistic pricing scheme in
order to maximize the revenue of a service modeled as an M/G/m/m loss system. The …

This paper investigates an optimal sequencing and dynamic pricing problem for a two-class
queueing system. Using a Markov Decision Process based model, we obtain structural …

Recent deregulation initiatives enable cellular providers to sell excess spectrum for
secondary usage. In this paper, we investigate the problem of optimal spot pricing of …

We consider a make-to-stock manufacturing system selling multiple products to price-
sensitive customers. The system manager seeks to maximize the long-run average profit by …

With the rapid development of mobile Internet technology, on-demand car-hailing services
have become essential for people's daily commuting. Order dispatch is a critical problem in …

We study a service facility modelled as a single-server queueing system with Poisson
arrivals and limited or unlimited buffer size. In systems with unlimited buffer size, the service …

We consider the problem of pricing a reusable resource service system. Potential customers
arrive according to a Poisson process and purchase the service if their valuation exceeds …