| Authors |
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| Publication date |
11-2019
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| Journal |
Operations Research Letters
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| Volume | Issue number |
47 | 6
|
| Pages (from-to) |
629-635
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| Organisations |
-
Faculty of Science (FNWI) - Korteweg-de Vries Institute for Mathematics (KdVI)
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| Abstract |
We present a model of parallel Lévy-driven queues that mix their output into a final product; whatever cannot be mixed is sold on the open market for a lower price. The queues incur holding and capacity costs and can choose their processing rates. We solve the ensuing centralized (system optimal) and decentralized (individual station optimal) profit optimization problems. In equilibrium the queues process work faster than desirable from a system point of view. Several model extensions are also discussed.
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| Document type |
Article
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| Language |
English
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| Published at |
https://doi.org/10.1016/j.orl.2019.10.007
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| Other links |
https://www.scopus.com/pages/publications/85074346267
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