论文信息 - WHAT IS A UNIT OF CAPACITY WORTH?

WHAT IS A UNIT OF CAPACITY WORTH?

Consider a finite-capacity telecommunications link to which connection requests arrive in a Poisson process. Each connection carried on the link earns a certain amount of revenue for the link's manager. Now, assume that the manager is offered the opportunity to buy or sell a unit of the link's allocated capacity. Assuming that the manager has a knowledge of the current number of connections on the link, we demonstrate a method of calculating the buying and selling prices.

Peter G. Taylor | Belinda Chiera

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