IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v7y2019i11p1005-d279259.html
   My bibliography  Save this article

A Versatile Queuing System For Sharing Economy Platform Operations

Author

Listed:
  • Song-Kyoo Kim

    (Center for Cyber-Physical Systems, ECE Department, Khalifa University, P.O. Box 127788, Abu Dhabi, UAE)

  • Chan Yeob Yeun

    (Center for Cyber-Physical Systems, ECE Department, Khalifa University, P.O. Box 127788, Abu Dhabi, UAE)

Abstract

The paper deals with a sharing economy system with various management factors by using a bulk input G/M/1 type queuing model. The effective management of operating costs is vital for controlling the sharing economy platform and this research builds the theoretical background to understand the sharing economy business model. Analytically, the techniques include a classical Markov process of the single channel queueing system, semi-Markov process and semi-regenerative process. It uses the stochastic congruent properties to find the probability distribution of the number of contractors in the sharing economy platform. The obtained explicit formulas demonstrate the usage of functional for the main stochastic characteristics including sharing expenses due to over contracted resources and optimization of their objective function.

Suggested Citation

  • Song-Kyoo Kim & Chan Yeob Yeun, 2019. "A Versatile Queuing System For Sharing Economy Platform Operations," Mathematics, MDPI, vol. 7(11), pages 1-14, October.
    • Handle: RePEc:gam:jmathe:v:7:y:2019:i:11:p:1005-:d:279259
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/7/11/1005/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7390/7/11/1005/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tijms, H. C. & Duyn Schouten, F. A. van der, 1978. "Inventory control with two switch-over levels for a class of M/G/1 queueing systems with variable arrival and service rate," Stochastic Processes and their Applications, Elsevier, vol. 6(2), pages 213-222, January.
    2. Matjaž Perc & Mahmut Ozer & Janja Hojnik, 2019. "Social and juristic challenges of artificial intelligence," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-7, December.
    3. Frenk, J.B.G. & Kleijn, M.J., 1998. "On regenerative processes and inventory control," Pure Mathematics and Applications, Department of Mathematics, Corvinus University of Budapest, vol. 9(1-2), pages 61-94.
    4. Liu, Xiaoming & Lian, Zhaotong, 2009. "Cost-effective inventory control in a value-added manufacturing system," European Journal of Operational Research, Elsevier, vol. 196(2), pages 534-543, July.
    5. Juho Hamari & Mimmi Sjöklint & Antti Ukkonen, 2016. "The sharing economy: Why people participate in collaborative consumption," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 67(9), pages 2047-2059, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Farida F. Galimulina & Naira V. Barsegyan, 2024. "Application of Mass Service Theory to Economic Systems Optimization Problems—A Review," Mathematics, MDPI, vol. 12(3), pages 1-18, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pieper, Nadine & Woisetschläger, David M., 2024. "Customer misbehavior in access-based mobility services: An examination of prevention strategies," Journal of Business Research, Elsevier, vol. 171(C).
    2. Yu Wang & Shanyong Wang & Jing Wang & Jiuchang Wei & Chenglin Wang, 2020. "An empirical study of consumers’ intention to use ride-sharing services: using an extended technology acceptance model," Transportation, Springer, vol. 47(1), pages 397-415, February.
    3. Mahmut Ozer & Matjaž Perc, 2020. "Dreams and realities of school tracking and vocational education," Palgrave Communications, Palgrave Macmillan, vol. 6(1), pages 1-7, December.
    4. Serhat Burmaoglu & Ozcan Saritas, 2019. "An evolutionary analysis of the innovation policy domain: Is there a paradigm shift?," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(3), pages 823-847, March.
    5. Marina D. SIMONOVA & Irina P. MAMIY, 2019. "Online transport services market in Russia amid economy digitalization," Upravlenets, Ural State University of Economics, vol. 10(3), pages 94-103, July.
    6. Lutz, Christoph & Newlands, Gemma, 2018. "Consumer segmentation within the sharing economy: The case of Airbnb," Journal of Business Research, Elsevier, vol. 88(C), pages 187-196.
    7. Joan Torrent-Sellens & Cristian Salazar-Concha & Pilar Ficapal-Cusí & Francesc Saigí-Rubió, 2021. "Using Digital Platforms to Promote Blood Donation: Motivational and Preliminary Evidence from Latin America and Spain," IJERPH, MDPI, vol. 18(8), pages 1-17, April.
    8. Bruno Bruna & Faggini Marisa, 2020. "Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(2), pages 1-13, April.
    9. Grzegorz Tchorek & Michał Brzozowski & Katarzyna Dziewanowska & Agnieszka Allen & Waldemar Kozioł & Michał Kurtyka & Filip Targowski, 2020. "Social Capital and Value Co-Creation: The Case of a Polish Car Sharing Company," Sustainability, MDPI, vol. 12(11), pages 1-20, June.
    10. Lucia Rotaris, 2021. "Carsharing Services in Italy: Trends and Innovations," Sustainability, MDPI, vol. 13(2), pages 1-18, January.
    11. Daisy Bertrand & Pierre-Yves Léo & Jean Philippe, 2019. "The New Go-Between Services: Peer-To-Peer Sharing Platforms In Hospitality Services," Post-Print hal-02299130, HAL.
    12. Zuo, Wenming & Bai, Weijing & Zhu, Wenfeng & He, Xinming & Qiu, Xinxin, 2022. "Changes in service quality of sharing accommodation: Evidence from airbnb," Technology in Society, Elsevier, vol. 71(C).
    13. Vincenzo Vignieri, 2021. "Crowdsourcing as a mode of open innovation: Exploring drivers of success of a multisided platform through system dynamics modelling," Systems Research and Behavioral Science, Wiley Blackwell, vol. 38(1), pages 108-124, January.
    14. Mengelkamp, Esther & Schönland, Thomas & Huber, Julian & Weinhardt, Christof, 2019. "The value of local electricity - A choice experiment among German residential customers," Energy Policy, Elsevier, vol. 130(C), pages 294-303.
    15. POPSA Elena-Roxana, 2019. "Sharing Economy - A Challenge For The Hotel Industry. Case Study: Airbnb," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 71(2), pages 118-129, September.
    16. Puiu Andreea-Ionela, 2020. "Motivations of Young Consumers to Participate to Collaborative Consumption," Journal of Social and Economic Statistics, Sciendo, vol. 9(2), pages 43-55, December.
    17. Forscher, Teddy & Deakin, Elizabeth PhD & Walker, Joan PhD & Shaheen, Susan PhD, 2021. "Who Has Access to E-Commerce During the COVID-19 Pandemic in the Sacramento Region? Implications for Future E-Commerce and Shopping Tripmaking," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt6mx0w7hj, Institute of Transportation Studies, UC Berkeley.
    18. Geissinger, Andrea & Laurell, Christofer & Sandström, Christian, 2020. "Digital Disruption beyond Uber and Airbnb—Tracking the long tail of the sharing economy," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    19. Ubaid Ullah Khan & Yousaf Ali & Mónika Garai-Fodor & Ágnes Csiszárik-Kocsir, 2023. "Application of Project Management Techniques for Timeline and Budgeting Estimates of Startups," Sustainability, MDPI, vol. 15(21), pages 1-18, November.
    20. Cicognani, Simona & Romagnoli, Giorgia & Soraperra, Ivan, 2024. "Fostering trust: When the rhetoric of sharing can backfire," Journal of Economic Psychology, Elsevier, vol. 102(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:7:y:2019:i:11:p:1005-:d:279259. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.