Optimal Pricing and Admission Control in a Queueing System with Periodically Varying Parameters

@article{Yoon2004OptimalPA,
  title={Optimal Pricing and Admission Control in a Queueing System with Periodically Varying Parameters},
  author={Seunghwan Yoon and Mark E. Lewis},
  journal={Queueing Syst.},
  year={2004},
  volume={47},
  pages={177-199}
}
We consider congestion control in a nonstationary queueing system. Assuming that the arrival and service rates are bounded, periodic functions of time, a Markov decision process (MDP) formulation is developed. We show under the infinite horizon discounted and average reward optimality criteria, for each fixed time, optimal pricing and admission control strategies are nondecreasing in the number of customers in the system. This extends stationary results to the nonstationary setting. Despite… CONTINUE READING
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