Demand estimation with failure and capacity constraints: an application to prisons

Article Abstract:

A stochastic model that integrates output effect on input process was formulated to effectively project a prison population. The model was proven effective in forecasting demand for a population-driven, input-output facility, such as the North carolina prison system. The model's effectiveness in population projection is mainly being attributed to its ability to incorporate the impact of recidivism on future demand. It also takes into account the impact of policy changes on input/output process.

Correctional Institutions, State Correctional Institutions, Evaluation, Learning models (Stochastic processes), Stochastic approximation, Demand functions (Economics), Demand functions, Stochastic models

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Analysis of multi-server queues with station and server vacations

Article Abstract:

Computational algorithms were obtained for multi-server queues with two types of vacation mechanisms, namely station vacation and server vacation. The algorithms were derived after assuming both the service times and the vacation times to be exponentially distributed. The algorithms developed can be used to attain numerical solutions that will be helpful in assessing the performance of two types of vacation mechanisms.

Electronic computers, Electronic Computer Manufacturing, Computer Systems NEC, Computer systems, Queues (Computers), Queues (Data management)

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Efficient algorithms for the clearing of interbank payments

Article Abstract:

Algorithms were derived designed to address a problem related to clearing of interbank payments called bank clearing problem (BCP). The algorithms formulated are simple and efficient, specifically in terms of its running time and clearing volume relative to a computed upper bound. A simulation approach was used to assess the efficiency of heuristic algorithms formulated.

Financial Transactions Processing, Reserve, and Clearinghouse Activities, Functions related to deposit banking, Clearinghouse Assns, Bank clearinghouses

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