A synthesis of tactical fleet planning models for the car rental industry.: An article from: IIE...

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A synthesis of tac...

	A synthesis of tactical fleet planning models for the car rental industry.: An article from: IIE Transactions Julian E. Pachon, Eleftherios Iakovou, ... Institute of Industrial Engineers, Inc. (IIE), 2003 - 27 pages average customer review:based on 1 review
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This digital document is an article from IIE Transactions, published by Institute of Industrial Engineers, Inc. (IIE) on September 1, 2003. The length of the article is 8010 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Daily tactical planning of the vehicle fleet is critical for a car rental business. In this decision-making process planners have to address the conflicting concerns of field management, namely, assuring adequate vehicle availability to satisfy customer demand while maintaining a high degree of utilization for each car in the fleet; this is achieved by the appropriate fleet deployment among car rental locations. This work was inspired by a series of problems encountered by the decision-makers of a major US car rental company. We first present the formulation of the tactical fleet planning model. Based on its structure, we decompose the model into a fleet deployment model and a transportation model. We develop optimal conditions for both subproblems and then we present a heuristic to reduce the gap from optimality for the complete model. We further present the application of the entire solution methodology via a case analysis for the State of Florida. Finally, we develop three extensions to the fleet deployment model to capture the cost of unsatisfied demand and fleet surplus, the service level, and a general price-demand function. We provide optimal closed-form conditions for all the extensions.

Citation Details
Title: A synthesis of tactical fleet planning models for the car rental industry.
Author: Julian E. Pachon
Publication: IIE Transactions (Refereed)
Date: September 1, 2003
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: 35 Issue: 9 Page: 907(10)

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Absolutely worthless

This article is of absolutely no value. The mathematical expressions are not included, but instead statements are substituted that say:[MATHEMATICAL EXPRESSION IS NOT REPRODUCIBLE IN ASCII]
Absolutely worthless.

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