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    Car Rental: Re-Fleeting Optimization

    Retail and E-Commerce

     

    Using Mixed Integer Programming (MIP) to maximize utilization of drivers and shuttles.

    About the customer

    A well-known multi-city car rental company with 1000s of driver partners who together add up more than a lakh trips every day.

    Business Problem

    A business whose viability depends on driver cooperation and routing optimization, it is extremely important for the client to eliminate friction and wastage in the routing process. To further streamline its processes, the client got in touch with ORMAE for the following specific outcomes:

    • Minimize the number of empty leg trips.
    • Maximize utilization of drivers and shuttles.
    • Minimize number of shuttles needed to move drivers for empty legs.

    Our Approach

    ORMAE's solution for car rental firm carried the following features:

    • Customers can rent cars and drive them to different locations.
    • Drivers can move cars around to manage demand at different locations.
    • Shuttles that take drivers to trip start-point from trip end-point.
    • Managing stock unavailability and driver wage costs, both of which impact top and bottom-line numbers.
    • Solution developed using MIP (Mixed Integer Programming) to arrive at accurate results.

    The Result

    ORMAE's solution delivered the necessary goods for the car rental firm.

    • Significant reduction in inventory and demand mismatch.
    • Improvement in revenues by several notches.

    Get in Touch

    Have a project in mind?

    Looking for collaboration?
    Send an email to bd@ormae.com
    for availability and enquires.

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