A little flexibility is all you need: On the asymptotic value of flexible capacity in parallel queuing systems

Keyphrases

• All Levels 50%
• Arrival Rate 50%
• Asymptotic Value 100%
• Asymptotically Optimal 50%
• Capacity Choice 50%
• Capacity Portfolio 100%
• Count Process 50%
• Demand Uncertainty 50%
• Economies of Scope 50%
• Flexibility Value 50%
• Flexible Capacity 100%
• Flexible Resources 100%
• Flexible Technology 50%
• Heavy Traffic 50%
• Linear Holding Cost 50%
• Longest Queue 50%
• Optimal Capacity 100%
• Optimal Portfolio 50%
• Queue Scheduling 50%
• Queueing System 100%
• Resource Technology 50%
• Service Time Uncertainty 50%
• Stochastic Arrival 50%
• Symmetric Systems 100%
• Technology Selection 50%
• Volume System 50%

Mathematics

• arrival rate λ 50%
• Asymptotics 100%
• Closed Form 50%
• Minimizes 50%
• Stochastics 50%