Expertini Research Research
Mathematics PDF Available Non-peer-reviewed Preprint

Stochastic Clearing Systems with Multiple Input Processes

Bo Wei, Sila Cetinkaya, Daren B.H. Cline  ·  Published 2019-12-12

Abstract

In this paper, we consider stochastic clearing systems with multiple drifted Brownian motion inputs. First, we propose an instantaneous rate policy, which is shown to be the optimal one among a large class of renewal type clearing policies in terms of average cost. Second, we propose a service measure about average weighted delay rate, and provide a unified method to calculate the service measure under different clearing policies. Moreover, we prove that under a fixed clearing frequency, the instantaneous rate policy outperforms a large class of clearing policies, and the instantaneous rate hybrid policy performs better than time-based policy, in terms of average weighted delay rate.

Keywords

📄 Full Paper Available as PDF
This paper is available as a downloadable PDF.
📄 Download PDF

✨ AI Plain-English Summary

Get a plain-English summary of this paper generated by AI (5 free per day).

Comments (0)

No comments yet. Be the first to comment.