Residential College | false |
Status | 已發表Published |
On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers | |
Xin Li1; Qingying Li2; Pengfei Guo3; Zhaotong Lian4 | |
2017-11 | |
Source Publication | INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS |
ABS Journal Level | 3 |
ISSN | 0925-5273 |
Volume | 193Pages:726-736 |
Abstract | In this paper, we extend the service-speed competition game with boundedly rational customers considered in Li et al. (2016) to the case with general reward function and multiple servers. The N servers make strategic decisions on their service rates sequentially and repeatedly. Since the competing servers' payoff functions can only be expressed by an implicit-function set, we propose a matrix method to derive the uniqueness of the equilibrium service rates, and we establish the stability of the equilibrium through a tatônnement scheme. By conducting a sensitivity analysis regarding the number of competing servers and the demand density, we find that the server competition benefits the customers by improving their utilities as well as getting more customers to be served. Furthermore, for a fixed demand density, the equilibrium service rate increases in the market size and converges to a certain level when the market size is large enough. |
Keyword | Bounded Rationality Customer-sensitive Service Matrix Strategic Queueing |
DOI | 10.1016/j.ijpe.2017.08.026 |
URL | View the original |
Indexed By | SCIE ; SSCI |
Language | 英語English |
WOS Research Area | Engineering ; Operations Research & Management Science |
WOS Subject | Engineering, Industrial ; Engineering, Manufacturing ; Operations Research & Management Science |
WOS ID | WOS:000414814700060 |
Publisher | ELSEVIER SCIENCE BV, PO BOX 211, 1000 AE AMSTERDAM, NETHERLANDS |
Scopus ID | 2-s2.0-85029175469 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT University of Macau |
Corresponding Author | Qingying Li |
Affiliation | 1.Department of Decision Sciences,School of Business,Macau University of Science and Technology,,Macao 2.Glorious Sun School of Business and Management,Donghua University,,Shanghai,China 3.Faculty of Business,The Hong Kong Polytechnic University,,Hong Kong 4.Faculty of Business Administration,University of Macau,,Macao |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Xin Li,Qingying Li,Pengfei Guo,et al. On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers[J]. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 2017, 193, 726-736. |
APA | Xin Li., Qingying Li., Pengfei Guo., & Zhaotong Lian (2017). On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 193, 726-736. |
MLA | Xin Li,et al."On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers".INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 193(2017):726-736. |
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