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A TENANT VACANCY MODEL
Author(s) -
Solberg James J.
Publication year - 1976
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1976.tb00671.x
Subject(s) - renting , queueing theory , context (archaeology) , vacancy defect , occupancy , computer science , econometrics , mathematics , statistics , physics , engineering , architectural engineering , paleontology , civil engineering , nuclear magnetic resonance , biology
A stochastic model of the vacancy/occupancy pattern of a collection of rental units (a building) is used to obtain expressions relating vacancy rates to measurable market parameters. The model is well known in queueing theory, but yields new insigts when interpreted in the above context. By investigating the effects of the number of units, the mixture of units, and the “start‐up” time, one can obtain a number of useful principles with implications for public and private planning.