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Lyft Optimizes Driver Incentives with Gurobi
By optimizing driver incentives, Lyft can encourage drivers to drive in areas with the highest demand for rides.
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Fleet Rotation and Revenue Management in a Car Rental Company

webinar

April 13th , 2023

Fleet Rotation and Revenue Management in a Car Rental Company
April 13th , 2023

Gurobi Alliance Webinar: LTPlabs & Sixt - Fleet Rotation and Revenue Management in a Car Rental Company

Event Recap

Watch On-Demand

In this Gurobi Alliance Webinar our partner LTPLabs presented together with their customer Sixt, the fleet rotation and revenue management system designed for a car rental company, aiming at optimizing and integrating operational pricing and fleet rotation decisions.

A mixed-integer programming model is at the core of the developed approach. This model determines, on a daily basis, the price and fleet of each vehicle group, station, and length of rental, aiming at optimizing revenue and the fleet’s target occupation rate.

Constraints such as overall fleet capacity, price precedences among vehicle groups, and operational capacity of stations ensure the solutions’ fitness to reality.

Nowadays, the system is capable of generating over 200k daily decisions, and results point to an estimated annual increase in Revenue Per Car between 2 and 8%.

Speakers: Teresa Bianchi de Aguiar, Partner at LTPlabs and Tiago Constante, Pricing and Fleet Rotation Manager at Sixt

Presented Materials:

Download the presentation here

Thank You to Our Partners

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Fleet Rotation and Revenue Management in a Car Rental Company
April 13th , 2023

Gurobi Alliance Webinar: LTPlabs & Sixt - Fleet Rotation and Revenue Management in a Car Rental Company

Event Recap

Watch On-Demand

Presented Materials:

Thank You to Our Partners

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Fleet Rotation and Revenue Management in a Car Rental Company April 13th , 2023

Gurobi Alliance Webinar: LTPlabs & Sixt - Fleet Rotation and Revenue Management in a Car Rental Company

Event Recap

Watch On-Demand

Presented Materials:

Thank You to Our Partners

Try Gurobi for Free

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Fleet Rotation and Revenue Management in a Car Rental Company
April 13th , 2023