Dynamic Pricing by Lead Time and Occupancy, and Simple Overbooking
This lesson is part of the course
In this lesson
You price six quotes from a base rate with a lead-time factor and an occupancy factor, and work out how many bookings to accept when some customers never show up.
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Lessons in this course
- Fleet Utilisation: Rental Days ÷ Available Car-days Locked
- Average Daily Rate and Revenue per Available Car-day (RevPAC) Locked
- Seasonal Demand and the Fleet Size You Need Locked
- Depreciation per Month and per Rental Day Locked
- Cost per Rental Day: Fixed, Variable and the Margin Locked
- Dynamic Pricing by Lead Time and Occupancy, and Simple Overbooking Locked
- One-way Rentals and the Cost of Repositioning Locked
- Fleet Hold-period Decision and the Annual P&L Locked