1 / 8

The University of Iowa Model for Right-Sizing Our Daily Rental Fleet

The University of Iowa Model for Right-Sizing Our Daily Rental Fleet. Presented by: Dave Ricketts, Director of Parking and Transportation Mike Wilson , CAFM Fleet Manager. The Demand Curve We Wish We Had. The Utilization Our Bosses Wish We Had. The Fleet Size Our Customers Wish We Had.

madison
Download Presentation

The University of Iowa Model for Right-Sizing Our Daily Rental Fleet

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The University of Iowa Model for Right-Sizing Our Daily Rental Fleet • Presented by: • Dave Ricketts, Director of Parking and Transportation • Mike Wilson, CAFM Fleet Manager

  2. The Demand Curve We Wish We Had

  3. The Utilization Our Bosses Wish We Had

  4. The Fleet Size Our Customers Wish We Had

  5. Pareto Optimal • We use a model based on the theory of “Pareto-Optimal”. Pareto Optimal theory that suggests there is an optimal allocation of resources in which it is impossible to make any one individual better off without making another individual worse off. • Adapting this for fleet use I would say that there is an optimal fleet size. Changing that fleet size results in either higher out-sourcing costs or higher fleet costs.

  6. Our Assumptions for the Pareto Optimal Fleet Size • Outsourcing demand to other providers is possible. • Fleet size is difficult to change and relatively static.

  7. U of Iowa Actual FY 2012 MS Sedan Data

  8. Actual University of Iowa 2012 MS Sedan Rental Data

More Related