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Pricing decisions and the neoclassical theory of the firm

✍ Scribed by M.R Lucas


Book ID
117701262
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
124 KB
Volume
14
Category
Article
ISSN
1044-5005

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## Abstract Customer demand is sensitive to the price paid for the service in many service environments. Using queueing theory framework, we develop profit maximization models for jointly determining the price and the staffing level in a service company. The models include constraints on the averag