Paper Info
Title
Discrete time simulation of an equipment rental business
Abstract
In this work we report the results of a discrete time simulation model that we developed for an equipment rental business to study the impact of business decisions. The whole tool consisted of a user interface that enabled efficient viewing and modifying of the input data, executing the simulation program, and viewing the output reports. Utilizing this we applied cost/benefit analysis to the results of the simulation runs and identified profitable investment alternatives for the business. We also measured their asset population in terms of their profitability and quantified the relation between utilization, repair times, and responsiveness to the customers.
Year
DOI
Venue
1998
10.1109/WSC.1998.746022
Winter Simulation Conference
Keywords
Field
DocType
equipment rental business,discrete time simulation,simulation model,discrete time,discrete event simulation,user interfaces,profitability,investments,user interface,cost benefit analysis
Population,Simulation,Computer science,Profitability index,Discrete time and continuous time,User interface,Technical report,Renting,Discrete event simulation,Benefit analysis
Conference
ISBN
Citations 
PageRank 
0-7803-5134-7
1
0.37
References 
Authors
4
5
Name
Order
Citations
PageRank
R. Alan Bowman1213.51
Ira J. Haimowitz214019.22
Robert M. Mattheyses3408.58
A. Yonca Özge412612.44
Mary C. Phillips510.37