IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v3y2011i2p198-218.html
   My bibliography  Save this article

Modelling and solving a car rental revenue optimisation problem

Author

Listed:
  • Francesca Guerriero
  • Filomena Olivito

Abstract

We address the problem of a car rental agency that is confronted with how to decide to accept or reject a booking request to optimise the revenue. An innovative integer programming model is devised, which incorporates particularities of the car rental business, like multi-day rents and non-cascading upgrades. To capture the randomness of the demand, robustness measures and the related scenario-based formulations are presented. An extensive computational study is carried out, by considering a set of randomly generated instances. The collected computational results show the relation between problem size and computation time and the effect of risk-aversion on revenue.

Suggested Citation

  • Francesca Guerriero & Filomena Olivito, 2011. "Modelling and solving a car rental revenue optimisation problem," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 3(2), pages 198-218.
    • Handle: RePEc:ids:ijmore:v:3:y:2011:i:2:p:198-218
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=38911
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matthias Soppert & Beatriz Brito Oliveira & Ralph Angeles & Claudius Steinhardt, 2024. "On the benefit of combining car rental and car sharing," Journal of Business Economics, Springer, vol. 94(9), pages 1261-1298, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmore:v:3:y:2011:i:2:p:198-218. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=320 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.