Strategic Customers in a Transportation Station: When Is It Optimal to Wait?

Citation:

Manou A, Economou A, Karaesmen F. Strategic Customers in a Transportation Station: When Is It Optimal to Wait?. Operations Research [Internet]. 2014;62(4):910-925.

Abstract:

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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