Showing 1 - 10 of 28
In designing an approach to parameterise the preferences of agents in a distribution chain for retail goods, Hensher and Puckett [Hensher, D.A., Puckett, S.M., 2007. Theoretical and conceptual frameworks for studying agent interaction and choice revelation in transportation studies....
Persistent link: https://www.econbiz.de/10005227992
This paper examines various design strategies that might be employed to construct statistically more efficient stated choice designs in the presence of a reference alternative in a choice set. Using data collected in Sydney in 2004 in the context of trading time and cost attributes associated...
Persistent link: https://www.econbiz.de/10005228000
The allocation of combinations of attribute levels to choice situations in stated choice (SC) experiments can have a significant influence upon the resulting study outputs once data is collected. Recently, a small but growing stream of research has looked at using what have become known as...
Persistent link: https://www.econbiz.de/10005279817
An extensive literature has recognised that when travel choices are made, only a subset of the attributes of the choice alternatives may be considered or attended to by each decision maker. Numerous econometric approaches have been employed to identify attribute nonattendance (ANA), with the...
Persistent link: https://www.econbiz.de/10010703230
The interplay between congestion and crowding externalities in the design of urban bus systems is identified and analysed. A multimodal social welfare maximisation model with spatially disaggregated demand is developed, in which users choose between travelling by bus, car or walking in a...
Persistent link: https://www.econbiz.de/10010753662
This paper presents, discusses and tests a Generalized Random Regret Minimization (G-RRM) model. The G-RRM model is created by recasting a fixed constant in the attribute-specific regret functions of the conventional RRM model, into an attribute-specific regret-weight. Given that regret-weights...
Persistent link: https://www.econbiz.de/10010931631
This paper presents an alternative to Random Utility-Maximization models of travel choice. Our Random Regret-Minimization model is rooted in Regret Theory and provides several useful features for travel demand analysis. Firstly, it allows for the possibility that choices between travel...
Persistent link: https://www.econbiz.de/10005228059
Behavioral models of the perceived value of travel information are developed that take into account satisficing as well as maximizing behavior, and are suitable for the evaluation of information acquisition for alternative generation as well as assessment. This is done by integrating notions of...
Persistent link: https://www.econbiz.de/10005228148
Random coefficient logit (RCL) models containing random parameters are increasingly used for modelling travel choices. Willingness-to-pay (WTP) measures, such as the value of travel time savings (VTTS) are, in the case of RCL models estimated in preference space, ratios of random parameters. In...
Persistent link: https://www.econbiz.de/10010730398
Partly as a result of the increasing reliance on Stated Choice (SC) data, the vast majority of discrete choice modelling applications are now estimated on data containing multiple observations for each respondent. At the same time there has been growing interest in the representation of...
Persistent link: https://www.econbiz.de/10005022880