P7_L13_CarRental - OM335Fall2008...

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OM 335 Fall 2008 6bd3f6e0a3da882100cbca11c006c99da3a48515.doc P7: Car Rental  The airport branch of a car rental company maintains a fleet of 50 SUVs. The interarrival time between  requests for an SUV is 2.4 hours, on average, with a standard deviation of 2.4 hours. There is no  indication of a systematic arrival patterns over the course of a day. Assume that, if all SUVs are rented,  customers are willing to wait until there is an SUV available. An SUV is rented, on average, for 3 days,  with a standard deviation of 1 day.  a) What is the average number of SUVs parked in the company's lot? [Hint: Compute the utilization of  the SUVs first. SUVs in the company are the idle resources.] b) Through a marketing survey, the company has discovered that if it reduces its daily rental price of  $80 by $25 ( for this part only ), the average demand would increase to 12 rental requests per day and 
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This note was uploaded on 10/16/2011 for the course OM 335 taught by Professor Jonnalagedda during the Fall '08 term at University of Texas at Austin.

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P7_L13_CarRental - OM335Fall2008...

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