Price simulation for universal rental car

Wednesday, June 2, Final report This is the final strategy report, unfortunately I did terribly on my last run. I changed my strategy around a bit and now it looks like it wasn't a very good decision.

Price simulation for universal rental car

Universal car rental pricing simulation solution required. Miami, Orlando, and Tampa. Over 12 simulated months, students must analyze price sensitivity between leisure and business travelers and consider strategies that maximize rentals across weekdays and weekends in each city.

Demand for rental cars can vary depending on the month and whether the location is more popular with business or leisure travelers. Unrented cars have associated holding costs while running out of cars is lost opportunity for profit.

Students can make periodic inventory adjustments among the locations to match anticipated demand. The market for rental cars in Florida is intensely competitive and students must also consider the likely competitive response to their pricing decisions. Ultimately, students must analyze the economic, seasonal, and competitive forces of the rental car market and develop a pricing strategy to maximize the cumulative profit for the firm.

Price simulation for universal rental car

Students benefit from running the simulation multiple times with increasing complexity. This single-player simulation includes three pre-set scenarios or faculty can design custom scenarios to meet specific learning objectives The second release of this popular simulation retains the immersive experience of the original while streamlining the information available to students and the debrief tools for faculty".

Browse hundreds of Economics tutors.World's biggest online car rental service. Working with over companies in countries, we can find the right car in the right place, at the right price. Universal Car Rent Marketing Pricing Simulation - Team C5 Key takeaways: July-October Strategy November-December Weekdays % Capacity utilization.

Business consumer: High portion of market. Price Inelastic. Kept raising price.

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Lowered the price by $ per car for lower demand projection months. Control price increase due to lack of price . Select Rent A Car is the ultimate destination for high quality vehicles rentals. Founded in , we have been recognized for providing excellent customer service, premium automobiles, and consistent pricing.

At a Florida rental car agency, students assume the role of a district manager responsible for setting prices for rental cars across three Florida cities: Miami, Orlando, and Tampa.

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Over 12 simulated months, students must analyze price sensitivity between leisure and business travelers and consider strategies that maximize rentals across weekdays and weekends in each city.

But with a rental car you can sightsee in Universal OrlandoTM area on your own timetable; having your own wheels unleashes the full potential of your getaway.

Wave goodbye to being held to the public transit schedule and hello to a vacation on your own terms. Jun 02,  · Car Rental HBS Pricing Simulation Wednesday, June 2, Final report This is the final strategy report, unfortunately I did terribly on my last run. In the event when you are seeking the car rental organizations on the web, it might be the disappointing knowledge to locate a helpful arrangement on rental car.

Marketing: Pricing Simulation : Universal Rental Car – Simulation Ready-to-Run | Forio