Dissertation Defense :: Uniform and Precision Pricing for a Service Facility

Event Details
  • Date/Time:
    • Tuesday June 10, 2003
      9:30 am - 12:00 am
  • Location: ISyE 304
  • Phone:
  • URL:
  • Email:
  • Fee(s):
    N/A
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Contact
Barbara Christopher
Industrial and Systems Engineering
Contact Barbara Christopher
404.385.3102
Summaries

Summary Sentence: Dissertation Defense :: Uniform and Precision Pricing for a Service Facility

Full Summary: Dissertation Defense :: Uniform and Precision Pricing for a Service Facility

We consider a service facility modeled as a queueing system with either a finite or an infinite capacity waiting area. The decision-maker sets the price a customer must pay for service. Arriving customers enter the system if they are willing to pay the set price and if there is space available in the waiting room. We analyze two different pricing policies: uniform pricing and precision pricing. Under uniform pricing, all customers are charged the same price. Under precision pricing, the decision-maker charges different prices to different customer types. Under certain conditions, we determine optimal prices and analyze their relationships with system parameters and customers' willingness-to-pay.

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In Campus Calendar
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School of Industrial and Systems Engineering (ISYE)

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Seminar/Lecture/Colloquium
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Status
  • Created By: Barbara Christopher
  • Workflow Status: Published
  • Created On: Oct 8, 2010 - 7:42am
  • Last Updated: Oct 7, 2016 - 9:52pm