In practical optimization, a priority requirement for different objectives of multiple objective optimization problems should be considered. In this paper, the distributed power management of a Virtual Power Plant (VPP) with priority requirement is optimized by the compromised method. The operation optimization model of VPP is formulated as a fuzzy multiple objective optimization problem consid...

This paper considers a novel queueing model called the Multi-Priority Dual Queue (MPDQ), which was introduced and analyzed in Bedford and Zeephongsekul [1, 2]. The MPDQ consists of two queues with a finite buffer, the primary and the secondary queue with the additional feature of a priority scheme to assist with congestion control and meeting Quality of Service ( ) QoS objectives for differenti...

Because of the unbalanced class and skewed profit distribution in customer purchase data, the unknown and variant costs of false negative errors are a common problem for predicting the high-value customers in marketing operations. Incorporating cost-sensitive learning into forecasting models can improve the return on investment under resource constraint. This study proposes a cost-sensitive lea...

We analyze the allocation of priority in queues via simple bidding mechanisms. In our model, the stochastically arriving customers are privately informed about their own processing time. They make bids upon arrival at a queue whose length is unobservable. We consider two bidding schemes that differ in the definition of bids (these may reflect either total payments or payments per unit of time) ...

This paper analyzes a communication network, used by customers with heterogeneous service requirements. We investigate priority queueing as a way to establish service differentiation. It is assumed that there is an infinite population of customers, who join the network as long as their utility (which is a function of the queueing delay) is larger than the price of the service. We focus on the s...

We consider a queueing-inventory system with two classes of customers. Customers arrive at a service facility according to Poisson processes. Service times follow exponential distributions. Each service uses one item in the attached inventory supplied by an outside supplier with exponentially distributed lead time. We find a priority service rule to minimize the long-run expected waiting cost b...

Facilitating loan and advances to customers is the main stream of banking business. The loans are advanced by banking institution to different segment of their market. These segments primarily fall under priority and non-priority sectors, in former sector bank are directed to grant as per guidelines by the Reserve Bank of India. Furthermore, the rise of non-performing assets (NPAs) in banks is ...

Most computer systems contain one or more system resources whose usage is controlled on the basis of workload priorities. Unfortunately, the exact analysis of queueing network models incorporating priority scheduling disciplines is usually infeasible. The MVA Priority Approximation has been proposed as a comparatively inexpensive, and yet reasonably accurate, approximation technique for queuein...