Queueing theory provides a robust mathematical framework for analysing waiting lines, a critical aspect across sectors ranging from telecommunications and healthcare to manufacturing and ...

It is shown that a class of infinite, block-partitioned, stochastic matrices has a matrix-geometric invariant probability vector of the form (x0,x1,...), where xk=x0Rk, for k≥ 0. The rate matrix R is ...

Queueing theory provides the mathematical framework to analyse and optimise systems where congestion and waiting times are inherent, while optimal pricing strategies focus on designing cost structures ...