We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
PRIORITY PRICING.
- Authors
Marchand, Maurice G.
- Abstract
The article discusses priority pricing as it relates to queueing phenomena. The author attempts to study the price structure that should be set to charge facility services that are subject to queueing phenomena. Also discussed are methods with which to discover the optimal industrial capacity of a facility. According to the author, the manager of a facility should decentralize the allocation of priorities in order to avoid overstating waiting costs. The author also discusses issues surrounding resource allocation.
- Subjects
QUEUING theory; CUSTOMER services; CLUSTER analysis (Statistics); RANDOM variables; MULTIVARIATE analysis; EXPECTED returns; RESOURCE allocation; PRICING; INDUSTRIAL capacity; PRODUCTION management (Manufacturing); MANAGEMENT science
- Publication
Management Science, 1974, Vol 20, Issue 7, p1131
- ISSN
0025-1909
- Publication type
Article
- DOI
10.1287/mnsc.20.7.1131