Determine the share (proportion) of person-trips by each of two modes (private auto and mass transit) using the multinomial logit model and given the following information: Utility function:  Uk = Ak – 0.07 Ta – 0.05 Tw – 0.04 Tr – 0.015 C

Residential Construction Academy: House Wiring (MindTap Course List)
4th Edition
ISBN:9781285852225
Author:Gregory W Fletcher
Publisher:Gregory W Fletcher
Chapter6: Determining Branch Circuit, Feeder Circuit, And Service Entrance Requirements
Section: Chapter Questions
Problem 24RQ
icon
Related questions
Question

Determine the share (proportion) of person-trips by each of two modes (private auto and mass transit) using the multinomial logit model and given the following information:

Utility function:  Uk = Ak – 0.07 Ta – 0.05 Tw – 0.04 Tr – 0.015 C

 

 

 

Parameter
Ta, access time (min.)
Tw. waiting time (min.)
Tr, riding time (min.)
C, out of pocket cost (cents)
Ak, Calibration constant
Private auto
4
0
17
190
-0.02
Mass transit
10
11
30
110
-0.08
Transcribed Image Text:Parameter Ta, access time (min.) Tw. waiting time (min.) Tr, riding time (min.) C, out of pocket cost (cents) Ak, Calibration constant Private auto 4 0 17 190 -0.02 Mass transit 10 11 30 110 -0.08
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Taxable income
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Residential Construction Academy: House Wiring (M…
Residential Construction Academy: House Wiring (M…
Civil Engineering
ISBN:
9781285852225
Author:
Gregory W Fletcher
Publisher:
Cengage Learning
Residential Construction Academy: House Wiring (M…
Residential Construction Academy: House Wiring (M…
Civil Engineering
ISBN:
9781337402415
Author:
Gregory W Fletcher
Publisher:
Cengage Learning
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning