@article {IOPORT.05878736, author = {Guerriero, Francesca and Olivito, Filomena}, title = {Modelling and solving a car rental revenue optimisation problem.}, year = {2011}, journal = {International Journal of Mathematics in Operational Research (IJMOR)}, volume = {3}, number = {2}, issn = {1757-5850}, pages = {198-218}, publisher = {Inderscience Publishers, Gen\`eve}, doi = {10.1504/IJMOR.2011.038911}, abstract = {Summary: 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.}, identifier = {05878736}, }