Optimal information disclosure in a production-inventory queueing system
研究了生产库存排队系统中，管理者如何选择是否向顾客披露系统状态（如队列长度），以最大化利润或社会福利，并给出了最优定价和库存控制策略。
This study considers a production-inventory queueing system, where customers decide whether to wait for the item or leave without a purchase if a stockout occurs. The system manager determines the joint pricing and inventory control policy. In addition, the system manager can choose whether or not to provide information about the system state to arriving customers. Our strategic production-inventory queueing system includes the observable, unobservable, and almost unobservable systems, which are obtained by appropriately choosing the information disclosure policy by the system manager. In this study, we find the optimal information disclosure policy, as well as the optimal price and the optimal inventory control policy for the profit maximization and social welfare maximization. Under the optimal policy, the system manager should disclose the system state if and only if the queue length exceeds a certain threshold.