Car Rental 1
Parameters
Table 25.5 shows the parameters that are used in this example.
Table 25.5: Parameters
|
Parameter Name |
Interpretation |
|---|---|
|
day_name[day] |
Name of day |
|
num_days |
Number of days in periodic planning horizon |
|
demand[depot,day] |
Estimated number of cars demanded per depot per day |
|
length_prob[length] |
Probability of each rental length |
|
cost[length] |
Marginal cost (in pounds) to company for each rental length |
|
price_same[length] |
Rental price (in pounds) if the car is returned to the same depot |
|
price_diff[length] |
Rental price (in pounds) if the car is returned to a different depot |
|
transition_prob[i,j] |
Transition probability from depot i to depot j |
|
transfer_cost[i,j] |
Cost (in pounds) to transfer a car from depot i to depot j |
|
repair_capacity[depot] |
Upper bound on number of cars per day repaired at each depot |
|
opportunity_cost_per_week |
Opportunity cost (in pounds) per week of owning a car |
|
transfer_length |
Number of days required to transfer a car from depot to another |
|
repair_length |
Number of days required to repair a car |
|
damage_prob |
Probability that a car is returned damaged |
|
damage_charge |
Charge (in pounds) to customer for returning a car damaged |
|
saturday_discount |
Discount (in pounds) for hiring on Saturday and returning on Monday |
|
rental_price[i,j,day,length] |
Price (in pounds) to rent a car at depot i and return to depot j for each starting day and length |
|
max_length |
|
