Equilibrium strategies in a tandem queue under various levels of information

Spyridoula Kanta and Bernardo D'Auria

DES - Working Papers. Statistics and Econometrics. WS from Universidad Carlos III de Madrid. Departamento de Estadística

Abstract: We analyze from an economical point of view a tandem network with two nodes. We look at different situations, that is, when customers upon their arrival are no informed, partially informed or totally informed about the state of the system. For each case, we look for the strategy that optimizes the individual net benefit. In addition, for the totally unobservable case, we also study the strategy what would be socially optimal, i.e. maximizing the overall welfare.

Keywords: Tandem; queues; Nash; equilibrium; Optimization; Economical; Strategies (search for similar items in EconPapers)
Date: 2011-10
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Citations: View citations in EconPapers (2)

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