Document Type

Article

Publication Date

11-2015

Journal Title

2015 Conference Proceedings Northeast Business & Economics Association

Version

Publisher's PDF

Publisher's Statement

PUBLISHED BY THE NORTHEAST BUSINESS & ECONOMICS ASSOCIATION © 2015 The Northeast Business & Economics Association reserves the right to publish the Proceedings in both print and electronic formats. The individual authors retain the copyright over their own articles.

Abstract

Revenue management systems are used by airlines, hotels, and cruise lines to manipulate prices and availability of inventory in real-time, in order to increase profit. We discuss the reasons that the revenue management problem is more complex when applied to the car rental business. We then show how to simplify the model formulation and provide the human-computer interaction, organization, and procedures to make the problem tractable for the car rental business.

Related Pillar(s)

Study