Price-Directed Control of a Closed Logistics Queueing Network

@article{Adelman2007PriceDirectedCO,
  title={Price-Directed Control of a Closed Logistics Queueing Network},
  author={Daniel Adelman},
  journal={Operations Research},
  year={2007},
  volume={55},
  pages={1022-1038}
}
Motivated by one of the leading intermodal logistics suppliers in the United States, we consider an internal pricing mechanism for managing a fleet of service units (shipping containers) flowing in a closed queueing network. Nodes represent geographic locations and arcs represent travel between them. Customer requests for arcs arrive over time, and the problem is to find an accept/reject policy that maximizes the long-run time average reward rate from accepting requests. We formulate the… CONTINUE READING

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