Profit management of car rental companies

A car rental company consists of a fleet of available rentable vehicles (waiting to be rented and being rented). We model the company as a family of Birth–Death Processes (BDPs) in equilibrium with finite size, indexed by the company utilization parameter. This metric is the ratio of the primary birth and death rates in these BDPs. Relying on the basic concepts of company information and company entropy (i.e., mean information), we promote a...