Modeling and solving the short-term car rental logistics problem

Modeling and solving the short-term car rental logistics problem

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Article ID: iaor20072489
Country: United Kingdom
Volume: 42
Issue: 4
Start Page Number: 272
End Page Number: 292
Publication Date: Jul 2006
Journal: Transportation Research. Part E, Logistics and Transportation Review
Authors: ,
Keywords: allocation: resources, networks: flow
Abstract:

Logistics management in the car rental business involves short-term decisions about the transportation and deployment of cars with regard to optimizing fleet utilization while maintaining a high service level. We model and solve this problem by means of minimum cost network flow optimization under consideration of essential practical needs such as multi-period planning, a country-wide network, customized transportation relations, fleeting and defleeting, and car groups with partial substitutability. Experiments were conducted on substantial real-world data, using a simulation model to assess optimization results for different scenarios. The results indicate that the proposed approach can significantly improve efficiency.

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