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In this paper, we propose an activity model under time and budget constraints to simultaneously predict the allocation of time and money to out-of-home leisure activities. The proposed framework considers the activity episode level, given that the activity is scheduled. Thus, the model considers...
Persistent link: https://www.econbiz.de/10011116452
Traffic, accessibility, employment location conditions, economic aspects, land-use policies among others are some factors that influence the location decisions of office firms. As a multidimensional decision making process, elements for supporting real-estate managers and planners in such...
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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
In this paper, we develop a model of activity generation for a multi-day planning period that takes within-household interactions between individuals into account. The model is based on the theoretical framework we proposed in earlier work which assumes that utilities of activities are a dynamic...
Persistent link: https://www.econbiz.de/10005191721
This paper presents a formal model of traveler compliance with different types of advice (or guidance, prescriptive information) based on the premises of Bayesian expected utility decision-making. The developed model explains a traveler's propensity to comply with received advice in terms of the...
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