Opaque selling in congested systems

2016 ◽  
Vol 44 (6) ◽  
pp. 737-741 ◽  
Author(s):  
Xin Geng
Keyword(s):  
2013 ◽  
Vol 61 (8) ◽  
pp. 808-820 ◽  
Author(s):  
Satoshi Hoshino ◽  
Hiroya Seki

Tetrahedron ◽  
1978 ◽  
Vol 34 (10) ◽  
pp. 1597-1604 ◽  
Author(s):  
John S. Lomas ◽  
Jacques-Emile Dubois

2016 ◽  
Vol 5 (7) ◽  
pp. 927-937 ◽  
Author(s):  
Masakazu Nishida ◽  
Haruhiko Fukaya ◽  
Yoshio Hayakawa ◽  
Taizo Ono ◽  
Kotaro Fujii ◽  
...  

Author(s):  
Görkem Sarıyer

Service providers can adjust the entrance price to the state of the demand in real life service systems where the customers' decision to receive the service, is based on this price, state of demand and other system parameters. We analyzed service provider's short and long term pricing problems in unobservable M/M/1 queues having the rational customers, where, for customers, the unit cost of waiting in the queue is higher than unit cost of waiting in the service. We showed that waiting in the queue has a clear negative effect on customers’ utilities, hence the service provider's price values. We also showed that, in the short term, monopolistic pricing is optimal for congested systems with high server utilization levels, whereas in the long term, market capturing pricing is more profitable.


Author(s):  
Arik Senderovich ◽  
J. Christopher Beck ◽  
Avigdor Gal ◽  
Matthias Weidlich

Time prediction is an essential component of decision making in various Artificial Intelligence application areas, including transportation systems, healthcare, and manufacturing. Predictions are required for efficient resource allocation and scheduling, optimized routing, and temporal action planning. In this work, we focus on time prediction in congested systems, where entities share scarce resources. To achieve accurate and explainable time prediction in this setting, features describing system congestion (e.g., workload and resource availability), must be considered. These features are typically gathered using process knowledge, (i.e., insights on the interplay of a system’s entities). Such knowledge is expensive to gather and may be completely unavailable. In order to automatically extract such features from data without prior process knowledge, we propose the model of congestion graphs, which are grounded in queueing theory. We show how congestion graphs are mined from raw event data using queueing theory based assumptions on the information contained in these logs. We evaluate our approach on two real-world datasets from healthcare systems where scarce resources prevail: an emergency department and an outpatient cancer clinic. Our experimental results show that using automatic generation of congestion features, we get an up to 23% improvement in terms of relative error in time prediction, compared to common baseline methods. We also detail how congestion graphs can be used to explain delays in the system.


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