INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Khan Shifa
, Lonare Vaishnavi , Tambe Kanchan , Rahatal Vaishnavi , Mr. K. N. Shedge
Unique Id:
IJSDR2105027
Published In:
Volume 6 Issue 5, May-2021
Abstract:
The car rental business is a multi-billion-dollar industry with ever-increasing competitiveness. Car rental companies must adapt dynamic pricing strategies to maximize revenues and operational efficiency. The aim of this study is to understand what pricing strategies work best for rental companies so as to achieve higher revenue for same-location pick-up and drop-off of rentals. With this goal in mind, we have modified a simulation model from a previous study to incorporate the logic for the current analysis. The analysis has been conducted with realistic customer demand inputs and a design of experiments consisting of 195 scenarios. The results show that with our improved pricing strategy, it is possible to increase revenues by more than 20 percent. It includes MYSQL and for database purpose,SQLite version 3 is used, while for the front-end HTML version-5, CSS version-3, Javascript is used.
"Affordable Car Rental System", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.6, Issue 5, page no.159 - 160, May-2021, Available :http://www.ijsdr.org/papers/IJSDR2105027.pdf
Downloads:
000337077
Publication Details:
Published Paper ID: IJSDR2105027
Registration ID:193311
Published In: Volume 6 Issue 5, May-2021
DOI (Digital Object Identifier):
Page No: 159 - 160
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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