Showing 1 - 10 of 37
Persistent link: https://www.econbiz.de/10014458783
This paper develops new methodological insights on Random Regret Minimization (RRM) models. It starts by showing that the classical RRM model is not scale-invariant, and that – as a result – the degree of regret minimization behavior imposed by the classical RRM model depends crucially on...
Persistent link: https://www.econbiz.de/10011263714
Efficient experimental designs aim to maximise the information obtained from stated choice data to estimate discrete choice models' parameters statistically efficiently. Almost without exception efficient experimental designs assume that decision-makers use a Random Utility Maximisation (RUM)...
Persistent link: https://www.econbiz.de/10014466964
This paper introduces to the field of marketing a regret-based discrete choice model for the analysis of multi-attribute consumer choices from multinomial choice sets. This random regret minimization (RRM) model, which has recently been introduced in the field of transport, forms a regret-based...
Persistent link: https://www.econbiz.de/10010906707
Persistent link: https://www.econbiz.de/10010012433
This paper investigates the potential of association rules learning and random forests to analyse data from complex choice experiments, and to obtain relevant insights for choice modellers and practitioners. We apply these data-driven methods on data from a so-called Participatory Value...
Persistent link: https://www.econbiz.de/10013295852
In this paper, a dynamic and stochastic notion of public transport network vulnerability is developed. While previous studies have considered only the network topology, the granular nature of services requires a more refined model for supply and demand interactions in order to evaluate the...
Persistent link: https://www.econbiz.de/10011154867
Transit operators are interested in strategies to improve service reliability as it is an important measure of performance and level of service. One of the common practices aimed to reduce service unreliability is holding control strategies. The design of these strategies involves the selection...
Persistent link: https://www.econbiz.de/10010760066
Real-time information is increasingly being implemented in transit networks worldwide. The evaluation of the effect of real-time information requires dynamic modeling of transit operations and of passenger path choices. This paper presents a dynamic transit analysis and evaluation tool that...
Persistent link: https://www.econbiz.de/10010760067
Waiting time uncertainty is one of the main determinants of public transport reliability and overall level-of-service. The dissemination of real-time information concerning vehicle arrivals is often considered an important measure to reduce unreliability. Moreover, the prediction of downstream...
Persistent link: https://www.econbiz.de/10010760068