Showing 1 - 10 of 15
We propose a methodology to achieve consistency, asymptotic normality and efficiency, while sampling alternatives in Multivariate Extreme Value (MEV) models, extending a previous result for Logit. We illustrate the methodology and study the finite sample properties of the estimators using Monte...
Persistent link: https://www.econbiz.de/10010617311
Employing a strategy of sampling of alternatives is necessary for various transportation models that have to deal with large choice-sets. In this article, we propose a method to obtain consistent, asymptotically normal and relatively efficient estimators for Logit Mixture models while sampling...
Persistent link: https://www.econbiz.de/10011065493
This paper presents a new paradigm for choice set generation in the context of route choice model estimation. We assume that the choice sets contain all paths connecting each origin-destination pair. Although this is behaviorally questionable, we make this assumption in order to avoid bias in...
Persistent link: https://www.econbiz.de/10005022872
Quasi-random number sequences have been used extensively for many years in the simulation of integrals that do not have a closed-form expression, such as Mixed Logit and Multinomial Probit choice probabilities. Halton sequences are one example of such quasi-random number sequences, and various...
Persistent link: https://www.econbiz.de/10005191589
Most applications of discrete choice models in transportation now utilise a random coefficient specification, such as mixed logit, to represent taste heterogeneity. However, little is known about the ability of these models to capture the heterogeneity in finite samples (as opposed to...
Persistent link: https://www.econbiz.de/10009143129
This paper proposes a behavioral interpretation of the choice set generation process that is useful for structuring and specifying discrete models that incorporate this stage of choice. The key concept is the notion of random constraints, which is operationalized in the form of probabilistic...
Persistent link: https://www.econbiz.de/10005191521
This paper addresses the theoretical and empirical issues involved in modeling complex travel patterns. Existing models have the shortcoming of not representing the interdependencies among trip links in trip chains with multiple non-home stops. A theoretical model based on utility theory and...
Persistent link: https://www.econbiz.de/10005191638
This paper examines the problems of peak period traffic congestion and the analysis of alternative congestion relief methods. It presents a dynamic model of the queues and delays at a single point of traffic congestion because there is ample evidence to suggest that the major delays to users...
Persistent link: https://www.econbiz.de/10005279946
This paper examines the properties and empirically tests a model of discrete choice which incorporates probabilistic choice set generation. Denominated the Parametrized Logit Captivity (PLC) model, it is a generalization of the well-known "dogit" specification. The PLC model is shown to be...
Persistent link: https://www.econbiz.de/10005227995
Practically every international, national or regional freight transport model system in the world lacks explicit treatment of logistics choices (such as shipment size considerations or the use of distribution centres). This paper deals with the development of a new logistics model and its...
Persistent link: https://www.econbiz.de/10005228154