Year: 2019
Type: preprint
Abstract: In this paper, we consider stochastic clearing systems with multiple drifted Brownian motion inputs. First, we propose an instantaneous rate policy, which is shown to be the optimal one among a large class of renewal type clearing policies in terms of average cost. Second, we propose a service measure about average weighted delay rate, and provide a unified method to calculate the service measure under different clearing policies. Moreover, we prove that under a fixed clearing frequency, the instantaneous rate policy outperforms a large class of clearing policies, and the instantaneous rate hybrid policy performs better than time-based policy, in terms of average weighted delay rate.
Source: arXiv (Cornell University)
Authors: Wei, Bo, Cetinkaya, Sila, Cline, Daren B. H.
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2995110729