崔诗亮教授的学术报告

发布时间:2019年01月07日 作者:吴锦标   消息来源:    阅读次数:[]

崔诗亮教授的学术报告
报告题目: A Model of Rational Retrials in Queues
报告人:崔诗亮,  Georgetown University 教授
时间:2019年1月10日下午16:30—18:30
地点:数学楼145报告厅
摘要: Customers often wait in queues before being served. Since waiting is undesirable, customers may come back later (i.e., retry) when the queue is too long. However, retrial attempts can be costly due to transportation fees and service delays. This paper introduces a framework for rational retrial decisions in stationary queues. Our approach accommodates retrials in queues by replicating the Naor (1969) model repeatedly over time periods. Within each period, similar to Naor (1969), we study an observable queue in which customers make rational state-dependent decisions to join, balk or retry in a future period. We focus on a stationary environment where all arrivals, including new and retrying customers, will face the steady-state distribution of the system in equilibrium. Equilibrium analysis on customers' decision making is necessary as they choose optimal strategies corresponding to the stationary queueing dynamics that are in turn determined by their decisions. We characterize the equilibria in both stable and overloaded systems. We find that (1) Compared to a system without retrials, the additional option to retry can hurt consumer welfare. (2) Compared to the socially optimal decisions, surprisingly, self-interested customers retry insufficiently (they join overly long queues) when the retrial cost is low, and retry too often when the retrial cost is high. (3) Self-interested (retrial) customers can generate positive externalities by smoothing workload over time.

Bio: Shiliang Cui is an Assistant Professor of Operations and Information Management at Georgetown University's McDonough School of Business. His research area is Operations Management with a special interest in queueing games. His work has been published in top OM journals including MS, OR, MSOM and POM.



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