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Integrating pricing and capacity decisions in car rental: A matheuristic approach

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  • Oliveira, Beatriz Brito
  • Carravilla, Maria Antónia
  • Oliveira, José Fernando

Abstract

Pricing and capacity decisions in car rental companies are characterized by high flexibility and interdependence. When planning a selling season, tackling these two types of decisions in an integrated way has a significant impact.

Suggested Citation

  • Oliveira, Beatriz Brito & Carravilla, Maria Antónia & Oliveira, José Fernando, 2018. "Integrating pricing and capacity decisions in car rental: A matheuristic approach," Operations Research Perspectives, Elsevier, vol. 5(C), pages 334-356.
  • Handle: RePEc:eee:oprepe:v:5:y:2018:i:c:p:334-356
    DOI: 10.1016/j.orp.2018.10.002
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    References listed on IDEAS

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    1. Oliveira, Beatriz Brito & Carravilla, Maria Antónia & Oliveira, José Fernando & Toledo, Franklina M.B., 2014. "A relax-and-fix-based algorithm for the vehicle-reservation assignment problem in a car rental company," European Journal of Operational Research, Elsevier, vol. 237(2), pages 729-737.
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    9. Oliveira, Beatriz Brito & Carravilla, Maria Antónia & Oliveira, José Fernando, 2017. "Fleet and revenue management in car rental companies: A literature review and an integrated conceptual framework," Omega, Elsevier, vol. 71(C), pages 11-26.
    10. Bajwa, Naeem & Sox, Charles R. & Ishfaq, Rafay, 2016. "Coordinating pricing and production decisions for multiple products," Omega, Elsevier, vol. 64(C), pages 86-101.
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    Cited by:

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    2. Sebatjane, Makoena & Adetunji, Olufemi, 2020. "A three-echelon supply chain for economic growing quantity model with price- and freshness-dependent demand: Pricing, ordering and shipment decisions," Operations Research Perspectives, Elsevier, vol. 7(C).
    3. Angel A. Juan & Peter Keenan & Rafael Martí & Seán McGarraghy & Javier Panadero & Paula Carroll & Diego Oliva, 2023. "A review of the role of heuristics in stochastic optimisation: from metaheuristics to learnheuristics," Annals of Operations Research, Springer, vol. 320(2), pages 831-861, January.
    4. Oliveira, Beatriz B. & Carravilla, Maria Antónia & Oliveira, José F. & Costa, Alysson M., 2019. "A co-evolutionary matheuristic for the car rental capacity-pricing stochastic problem," European Journal of Operational Research, Elsevier, vol. 276(2), pages 637-655.

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