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Performance modelling in the pub - speculative computation and dynamic pricing

Ashok Argent-Katwala

National Workshop Paper
UK Performance Evaluation Workshop 2002, University of Glasgow
July, 2002
ISBN 0-9541000-1-8
Abstract

Using a simplified pub as a setting, we build a useful example for explaining assorted mechanisms in queueing theory. We consider 'ordinary' customers, negative customers, triggers and negative queue lengths.

The example is extended to provide an approach to dynamic pricing using a prioritised queue where different customers could pursue different strategies to fulfil their needs.

Supply of the key resource is time-consuming to create, can be pre-generated but decays after time and is wasted if a customer is not matched to it.

Keywords
AESOP
Stochastic Modelling
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