Title: Admission Prices and Welfare in Queues
Speaker: D. Manjunath (IIT, Bombay)
Date: 11 November 2013
Venue: LH-II, Department of Mathematics, IISc
A multiqueue system serves a multiclass population. Classes differ in their valuation of time. Oblivious routing in which routing is not informed by current queue status or past decisions is assumed. First, we explore the structure of the routing fractions that maximise social welfare. We then analyse the case customer are strategic and the queues have an admission price. We then argue that admission prices can be set to achieve optimal routing.