Published January 1, 2014
| Version v1
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Strategic Customers in a Transportation Station: When Is It Optimal to Wait?
- 1. Univ Athens, Dept Math, Athens 15784, Greece
- 2. Koc Univ, Dept Ind Engn, TR-34450 Istanbul, Turkey
Description
We consider a transportation station, where customers arrive according to a Poisson process. A transportation facility visits the station according to a renewal process and serves at each visit a random number of customers according to its capacity. We assume that the arriving customers decide whether to join the station or balk, based on a natural reward-cost structure. We study the strategic behavior of the customers and determine their symmetric Nash equilibrium strategies under two levels of information.
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