2. A computed utility function for a travel in a medium-sized city by automobile, bus and light rail is given as: U = a- 0.002X - 0.05Y where X is the cost of travel (php) and Y is the Travel time(minutes). Mode Y Automobile -0.30 130 25 Bus -0.35 75 35 Light Rail -0.40 90 40 If a parking fee of 50Php per trip is imposed, what would be the split to the other modes?
2. A computed utility function for a travel in a medium-sized city by automobile, bus and light rail is given as: U = a- 0.002X - 0.05Y where X is the cost of travel (php) and Y is the Travel time(minutes). Mode Y Automobile -0.30 130 25 Bus -0.35 75 35 Light Rail -0.40 90 40 If a parking fee of 50Php per trip is imposed, what would be the split to the other modes?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 76P
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Transcribed Image Text:2. A computed utility function for a travel in a medium-sized city by automobile, bus and light rail is given as:
U = a- 0.002X – 0.05Y where X is the cost of travel (php) and Y is the Travel time(minutes).
Mode
X
Y
Automobile
-0.30
130
25
Bus
-0.35
75
35
Light Rail
-0.40
90
40
If a parking fee of 50Php per trip is imposed, what would be the split to the other modes?
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