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Optimal Pricing Strategy in an Unreliable M/M/1 Retrial Queue with Delayed Repair and Breakdown Deterioration

Author

Listed:
  • Fan Xu

    (Yanshan University)

  • Ruiling Tian

    (Yanshan University)

  • Qi Shao

    (Yanshan University)

Abstract

This paper focuses on an unreliable M/M/1 retrial queue with delayed repair, in which a novel breakdown mechanism is considered, i.e., a normal breakdown may deteriorate into a major breakdown. Arriving customers are not provided with the system’s information, but must decide whether or not to join it. First, the steady state of the system is analyzed. Then, based on the practical requirements of the cloud computing system, we construct an optimization model to minimize the response time of requesting information with proportions of detection, and repair of the normal and major breakdown as the decision variable. Furthermore, equilibrium joining strategies and the socially optimal pricing strategy are studied from the perspectives of the customer and the social planner, respectively. Finally, numerical examples are used to illustrate the impact of different parameters on strategies.

Suggested Citation

  • Fan Xu & Ruiling Tian & Qi Shao, 2024. "Optimal Pricing Strategy in an Unreliable M/M/1 Retrial Queue with Delayed Repair and Breakdown Deterioration," Methodology and Computing in Applied Probability, Springer, vol. 26(2), pages 1-22, June.
    • Handle: RePEc:spr:metcap:v:26:y:2024:i:2:d:10.1007_s11009-024-10080-3
    DOI: 10.1007/s11009-024-10080-3
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    References listed on IDEAS

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    1. Shan Gao & Hua Dong & Xianchao Wang, 2021. "Correction to: Equilibrium and pricing analysis for an unreliable retrial queue with limited idle period and single vacation," Operational Research, Springer, vol. 21(1), pages 645-646, March.
    2. Shweta Upadhyaya & Chetna Kushwaha, 2020. "Performance prediction and ANFIS computing for unreliable retrial queue with delayed repair under modified vacation policy," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 17(4), pages 437-466.
    3. Agassi Melikov & Sevinj Aliyeva & Janos Sztrik, 2021. "Retrial Queues with Unreliable Servers and Delayed Feedback," Mathematics, MDPI, vol. 9(19), pages 1-23, September.
    4. Shan Gao & Hua Dong & Xianchao Wang, 2021. "Equilibrium and pricing analysis for an unreliable retrial queue with limited idle period and single vacation," Operational Research, Springer, vol. 21(1), pages 621-643, March.
    5. Shweta Upadhyaya & Richa Sharma & Divya Agarwal & Geetika Malik, 2023. "Convexity analysis and cost optimization of a retrial queue with Bernoulli vacation and delayed phase mending," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(5), pages 1671-1690, October.
    6. Wang, Jinting & Zhang, Feng, 2013. "Strategic joining in M/M/1 retrial queues," European Journal of Operational Research, Elsevier, vol. 230(1), pages 76-87.
    Full references (including those not matched with items on IDEAS)

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