L = λW: A Discounted Analogue and a New Proof
- 1 December 1972
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Operations Research
- Vol. 20 (6) , 1115-1126
- https://doi.org/10.1287/opre.20.6.1115
Abstract
This paper presents a discounted analogue to L = λW, together with an application to a queuing optimization problem. This discounted analogue is used to construct a new proof of the classical (limiting average) version of L = λW, using as hypotheses only that the limiting averages of λ and W exist and are finite.Keywords
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