An Online Learning Approach to Dynamic Pricing and Capacity Sizing in Service Systems
Chen, X., Liu, Y., & Hong, G. (2023, June 12). OPERATIONS RESEARCH.
author keywords: online learning in queues; service systems; capacity planning; staffing; pricing in service systems
TL;DR:
GOLiQ prescribes an efficient procedure to obtain improved decisions in successive cycles using newly collected queueing data, and is advantageous when focusing on performance optimization in the long run because its data-driven nature enables it to constantly produce improved solutions which will eventually reach optimality.
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Online Learning in Queueing Systems