Dynamic prediction-based relocation policies in one-way station-based carsharing systems with complete journey reservations

In this paper, we study the operations of a one-way station-based carsharing system implementing a complete journey reservation policy. We consider the percentage of served demand as a primary performance measure and analyze the effect of several dynamic staff-based relocation policies. Specifically, we introduce a new proactive relocation policy based on Markov chain dynamics that utilizes reservation information to better predict the future states of the stations. This policy is compared to a state-of-the art staff-based relocation policy and a centralistic relocation model assuming full knowledge of the demand. Numerical results from a real-world implementation and a simulation analysis demonstrate the positive impact of dynamic relocations and highlight the improvement in performance obtained with the proposed proactive relocation policy. (C) 2019 Elsevier Ltd. All rights reserved.