Queueing theory provides the mathematical framework to analyse and optimise systems where congestion and waiting times are inherent, while optimal pricing strategies focus on designing cost structures ...

Markov chains and queueing theory together provide a robust framework for analysing systems that evolve randomly over time. Markov chains describe stochastic processes where the future state depends ...

This is a preview. Log in through your library . Abstract This paper presents a new class of queuing models. There are n distinct types of customers and n distinct types of service facilities. Some ...

This paper has been motivated by a fleet optimization problem faced by one of the leading European cargo rail companies. The company operates a fleet of more than 100,000 rail cars and annually ...