Computational Approach to Profit Optimization of a Loss-Queueing System

Abstract

Objective of the paper is to deal with the profit optimization of a loss queueing system with the finite capacity. Here, we define and compute total expected cost (TEC), total expected revenue (TER) and consequently we compute the total optimal profit (TOP) of the system. In order to compute the total optimal profit of the system, a computing algorithm has been developed and a fast converging N-R method has been employed which requires least computing time and lesser memory space as compared to other methods. Sensitivity analysis and its observations based on graphics have added a significant value to this model.

Keywords

• computing algorithm
• total expected cost
• total expected revenue