A Priority Queue with Discounted Linear Costs.

Abstract

The author considers a non-preemptive priority queue with a finite number of priority classes, Poisson arrival processes, and general service time distributions. It is not required that the system be stable or even that the mean service times be finite. The economic framework is linear, consisting of a holding cost per unit time and fixed service reward for each customer class. Future costs and rewards are continuously discounted using a positive interest rate. Allowing general initial queue sizes, an expression is developed for the expected present value of rewards received minus costs incurred over an infinite horizon. From this the Laplace transform of the time-dependent expected queue length for each customer class is obtained. (Modified author abstract)

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1974
Accession Number
AD0783015

Entities

People

  • J. Michael Harrison

Organizations

  • Stanford University

Tags

Readers

  • Economics
  • Life Cycle Cost Analysis
  • Statistical inference.