T paper develops a model of dynamic pricing with endogenous intertemporal demand. In the model, there is a monopolist who sells a finite inventory over a finite time horizon. The seller adjusts prices dynamically to maximize revenue. Customers arrive continually over the duration of the selling season. At each point in time, customers may purchase the product at current prices, remain in the ma...

Today no body interested to wait for food in restaurant. Some restaurants initially provide more waiting chairs for customers However, waiting chairs alone would not solve a problem, and the service time may need to be improved. This shows a need of a numerical model for the restaurant management to understand the situation better. This paper aims that, using queuing theory satisfies the model ...

We consider problems of inventory and admission control for make-to-stock production systems with perishable inventory and impatient customers. Customers may balk upon arrival (refuse to place orders) and renege while waiting (withdraw delayed orders) during stockouts. Item lifetimes and customer patience times are random variables with general distributions. Processing, setup, and customer int...