A stochastic model and social optimization of a blockchain system based on a general limited batch service queue

DOI10.3934/JIMO.2020049zbMath1476.60162OpenAlexW3012538394MaRDI QIDQ1983736

Wenjuan Zhao, Shunfu Jin, Wuyi Yue

Publication date: 10 September 2021

Published in: Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/jimo.2020049

zbMATH Keywords

Nash equilibriumMarkov chainpricing policysocial optimizationblockchainintelligent optimization algorithmlimited batch service

Mathematics Subject Classification ID

Queueing theory (aspects of probability theory) (60K25) Markov renewal processes, semi-Markov processes (60K15) Distributed systems (68M14)

Uses Software

• GOA

Cites Work

• Little's law when the average waiting time is infinite
• Transaction-confirmation time for bitcoin: a queueing analytical approach to blockchain mechanism
• Analysis of the average confirmation time of transactions in a blockchain system
• Effect of Bitcoin fee on transaction-confirmation process
• A non-increasing Lindley-type equation
• Lagrange's Theorem for Hopf Monoids in Species

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