Decision Models for a Car Rental Company with Two Types of Vehicles and Demand Substitution

Tao Feng

doi:10.4028/www.scientific.net/AMR.756-759.4600

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 756-759Decision Models for a Car Rental Company with Two...

Decision Models for a Car Rental Company with Two Types of Vehicles and Demand Substitution

Abstract:

In this paper, we consider a car rental company who operates in two cities with two types of demand served by low quality and high quality vehicles. Two types of demand substitution, namely, supply side substitution and customer side substitution are modeled to investigate the optimal fleet size and transfer policy, accordingly.

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Periodical:

Advanced Materials Research (Volumes 756-759)

Pages:

4600-4603

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.756-759.4600

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Online since:

September 2013

Authors:

Tao Feng

Keywords:

Car Rental, Demand Substitution, Dynamic Program, Fleet Size

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References

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