Managing price and service rate in customer-intensive services under social interactions

This paper investigates the price and service rate decisions in a customer-intensive service in an M/M/1 queue system under the influence of social interactions, where a higher value of the service is perceived if more customers purchase the service. The customer-intensive nature of the service req...

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Bibliographic Details
Main Authors: Chengzhang Li, Minghui Jiang, Xuchuan Yuan
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2019-07-01
Series:Journal of Business Economics and Management
Subjects:
Online Access:https://journals.vgtu.lt/index.php/JBEM/article/view/10452