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An Iterative Algorithm for the Management of an Electric Car-Rental Service

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  • J. Alberto Conejero
  • Cristina Jordán
  • Esther Sanabria-Codesal

Abstract

The management of a car-rental service becomes more complex as long as one-way bookings between different depots are accepted. These bookings can increase the operational costs due to the necessity of moving vehicles from one depot to another by the company staff in order to attend previously accepted bookings. We present an iterative model based on flows on networks for the acceptance of bookings by a car-rental service that permits one-way reservations. Our model lets us also recover the movement of the fleet of vehicles between the depots over the time. In addition, it also permits including restrictions on the amount of cars managed at every single depot. These results can be of interest for an electric car-rental service that operates at different depots within a city or region.

Suggested Citation

  • J. Alberto Conejero & Cristina Jordán & Esther Sanabria-Codesal, 2014. "An Iterative Algorithm for the Management of an Electric Car-Rental Service," Journal of Applied Mathematics, Hindawi, vol. 2014, pages 1-11, May.
    • Handle: RePEc:hin:jnljam:483734
    DOI: 10.1155/2014/483734
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    Cited by:

    1. Klein, Robert & Koch, Sebastian & Steinhardt, Claudius & Strauss, Arne K., 2020. "A review of revenue management: Recent generalizations and advances in industry applications," European Journal of Operational Research, Elsevier, vol. 284(2), pages 397-412.

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