Authors: Raghu V. Kaspa, Kevin Camenzuli, Salai S
Abstract: The car rental industry faces increasingly complex challenges in optimizing fleet utilization, responding to demand variability, and managing operational costs. As competition intensifies and consumer expectations evolve, effective fleet management has become more vital than ever. Operations Research (OR) provides a suite of mathematical models, optimization techniques, and decision-making frameworks that help car rental firms streamline their operations. This paper explores how OR methodologies can be applied to key aspects of fleet management, including demand forecasting, fleet sizing and composition, vehicle allocation and relocation, and dynamic pricing. It also analyzes real-world case studies where OR tools have been successfully implemented and examines current challenges and future directions for the industry. By employing OR, car rental companies can improve operational efficiency, boost profitability, and offer better customer experiences.
DOI: 10.61137/ijsret.vol.11.issue3.123
