The university of iowa model for right sizing our daily rental fleet
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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.

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

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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


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.


Our Assumptions for the Pareto Optimal Fleet Size

  • Outsourcing demand to other providers is possible.

  • Fleet size is difficult to change and relatively static.


U of Iowa Actual FY 2012 MS Sedan Data


Actual University of Iowa 2012 MS Sedan Rental Data


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