{"title":"Optimal Pricing Strategy in an Unreliable M/M/1 Retrial Queue with Delayed Repair and Breakdown Deterioration","authors":"Fan Xu, Ruiling Tian, Qi Shao","doi":"10.1007/s11009-024-10080-3","DOIUrl":null,"url":null,"abstract":"<p>This paper focuses on an unreliable M/M/1 retrial queue with delayed repair, in which a novel breakdown mechanism is considered, i.e., a normal breakdown may deteriorate into a major breakdown. Arriving customers are not provided with the system’s information, but must decide whether or not to join it. First, the steady state of the system is analyzed. Then, based on the practical requirements of the cloud computing system, we construct an optimization model to minimize the response time of requesting information with proportions of detection, and repair of the normal and major breakdown as the decision variable. Furthermore, equilibrium joining strategies and the socially optimal pricing strategy are studied from the perspectives of the customer and the social planner, respectively. Finally, numerical examples are used to illustrate the impact of different parameters on strategies.</p>","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"100","ListUrlMain":"https://doi.org/10.1007/s11009-024-10080-3","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
This paper focuses on an unreliable M/M/1 retrial queue with delayed repair, in which a novel breakdown mechanism is considered, i.e., a normal breakdown may deteriorate into a major breakdown. Arriving customers are not provided with the system’s information, but must decide whether or not to join it. First, the steady state of the system is analyzed. Then, based on the practical requirements of the cloud computing system, we construct an optimization model to minimize the response time of requesting information with proportions of detection, and repair of the normal and major breakdown as the decision variable. Furthermore, equilibrium joining strategies and the socially optimal pricing strategy are studied from the perspectives of the customer and the social planner, respectively. Finally, numerical examples are used to illustrate the impact of different parameters on strategies.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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