Abstract:
Bayes estimators of di erent queueing performance measures are derived in steady state by recording system size from each of n iid M=M=1 queues. The Bayes estimators are obtained under both squared error loss function and precautionary loss function with a bivariate distribution, Beta-Stacy as prior with natural restriction 0 < < where and are arrival rate and service rate respectively. A comprehensive simulation results are also shown at the last section.
Description:
1 Assistant Professor, Indian Institute of Management Kozhikode, IIMK Campus PO, Kozhikode
2 Calcutta University, Kolkata, India
