Contemporary EV rental systems generally have a limited control over the distribution of their fleet. This leads to a sub-optimal level of fleet utilization due to the supply-demand mismatch both spatially and temporally. A detailed mathematical model that approximates a real-world car-rental system can help us in understanding the dynamics of the system and quantify the operational inefficiencies that exist in it. This model can be used to build solutions to improve the quality-of-service and enhance car-rental company's revenue. In this paper we have presented a detailed mathematical model to study the supply-demand dynamics of a car rental system. We have also compared the contemporary car-rental model with an improved multi-objective car-rental model. The proposed model is a unified framework that incorporates vehicle scheduling, rebalancing and optimized charging to improve the operational performance. It was shown that the proposed model can serve upto 47% higher demands with 58% lower average waiting time, 45% lower average SoC level by charging the fleet 56% lesser than the contemporary car-rental models.
Supply-Demand Balancing Model for EV Rental Fleet
08.10.2022
378187 byte
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Dynamic Supply-Demand Balancing Policy for CMoD Fleet
IEEE | 2021
|FLEET MANAGEMENT: Carl d'Ammassa explains the role of rental in fleet finance
British Library Online Contents | 2009
LPG fleet supply-demand beyond 2000
Online Contents | 1997