Record Details

Balancing Queueing Systems With Excess Demand

International Journal of Management & Information Systems

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Field Value
 
Title Balancing Queueing Systems With Excess Demand
 
Creator Mendoza, Gaston
Sedaghat, Mohammad
Yoon, K. Paul
Melnyk, Olga
 
Subject Information Systems; Statistics; Decision Sciences
Double-Ended Queue; Balancing System; System Optimization; Sensitivity Analysis using Regression
 
Description In a rough economic environment and increased competition, one issue critical to many businesses is to achieve an optimum balance between supply and demand. Double-ended queuing structure, where demand and supply occur simultaneously, can be utilized to model various manufacturing and service activities. By associating costs per time unit due to a unit of excess of supply or demand, the total cost will include now costs due to imbalance of demand and supply. The authors examine the queuing behavior and how to minimize the above total cost by advanced planning aimed to hold imbalance costs at a minimum.In this paper, the main focus will be on situations where a stochastic system has become unstable due to demand exceeding supply. To determine how sensitive optimal solutions are to changes in model parameters, for each policy, either decreasing demand or increasing supply, exact optimal solutions were found for a large number of scenarios and then used this scenarios database to fit the best possible regression model. The paper ends illustrating the use of the model to research funding where typically proposals compete for scarce funding resources.
 
Publisher The Clute Institute
 
Date 2014-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.cluteinstitute.com/ojs/index.php/IJMIS/article/view/8704
10.19030/ijmis.v18i3.8704
 
Source International Journal of Management & Information Systems (IJMIS); Vol 18 No 3 (2014); 173-184
2157-9628
1546-5748
10.19030/ijmis.v18i3
 
Language eng
 
Relation https://www.cluteinstitute.com/ojs/index.php/IJMIS/article/view/8704/8687