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Book Discrete Choice Methods with Simulation

Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2009-07-06 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

Book A Disaggregate Travel Demand Model

Download or read book A Disaggregate Travel Demand Model written by Martin Gomm Richards and published by . This book was released on 1975 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Discrete Choice Modelling and Air Travel Demand

Download or read book Discrete Choice Modelling and Air Travel Demand written by Laurie A. Garrow and published by Routledge. This book was released on 2016-05-23 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, airline practitioners and academics have started to explore new ways to model airline passenger demand using discrete choice methods. This book provides an introduction to discrete choice models and uses extensive examples to illustrate how these models have been used in the airline industry. These examples span network planning, revenue management, and pricing applications. Numerous examples of fundamental logit modeling concepts are covered in the text, including probability calculations, value of time calculations, elasticity calculations, nested and non-nested likelihood ratio tests, etc. The core chapters of the book are written at a level appropriate for airline practitioners and graduate students with operations research or travel demand modeling backgrounds. Given the majority of discrete choice modeling advancements in transportation evolved from urban travel demand studies, the introduction first orients readers from different backgrounds by highlighting major distinctions between aviation and urban travel demand studies. This is followed by an in-depth treatment of two of the most common discrete choice models, namely the multinomial and nested logit models. More advanced discrete choice models are covered, including mixed logit models and generalized extreme value models that belong to the generalized nested logit class and/or the network generalized extreme value class. An emphasis is placed on highlighting open research questions associated with these models that will be of particular interest to operations research students. Practical modeling issues related to data and estimation software are also addressed, and an extensive modeling exercise focused on the interpretation and application of statistical tests used to guide the selection of a preferred model specification is included; the modeling exercise uses itinerary choice data from a major airline. The text concludes with a discussion of on-going customer modeling research in aviation. Discrete Choice Modelling and Air Travel Demand is enriched by a comprehensive set of technical appendices that will be of particular interest to advanced students of discrete choice modeling theory. The appendices also include detailed proofs of the multinomial and nested logit models and derivations of measures used to represent competition among alternatives, namely correlation, direct-elasticities, and cross-elasticities.

Book Improved Estimation of Flexible Logit Models and an Extension to a Model with a T distributed Error Kernel

Download or read book Improved Estimation of Flexible Logit Models and an Extension to a Model with a T distributed Error Kernel written by Prateek Bansal and published by . This book was released on 2019 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding various micro-decisions of travelers (e.g., choice of vehicles, travel modes, or destinations) is of utmost importance in travel demand modeling. After the first application of the multinomial logit model in the early 1970s, micro-econometric models to elicit these type of choices have evolved in mainly two ways: a) computationally efficient estimation (e.g., fast integral approximations); and b) behaviorally defensible models (e.g., modeling preference heterogeneity). This dissertation contributes to both lines of behavior modeling research -- whereas chapters one to three analyze and improve the computational efficiency of flexible logit models and the required approximation of high-dimensional integrals, chapter four derives the first multinomial response model with a t-distributed error kernel that accounts for decision uncertainty behavior of travelers. A summary of each chapter is provided below. In Chapter 1, we extend the logit-mixed logit (LML) model, an advanced semi-parametric specification of preference heterogeneity, to a combination of fixed and random parameters. We show that the likelihood of the LML specification loses its special properties due to the inclusion of fixed parameters, leading to a much higher estimation time. In an empirical application about preferences for alternative fuel vehicles in China, estimation time increased by a factor of 20-40 when introducing fixed parameters. Despite losses in computation efficiency, we show that the flexible LML could retrieve multimodal mixing distributions. In Chapter 2, we derive, implement, and test minorization-maximization (MM) algorithms to estimate the semiparametric LML and mixture-of-normals multinomial logit (MON-MNL) models. In a Monte Carlo study and empirical application to estimate consumer's willingness to adopt electric motorcycles in Indonesia, we compare the maximum simulated likelihood estimator (MSLE) with the derived MM algorithms. Whereas in LML estimation MM is computationally noncompetitive with MSLE, it is a competitive replacement to MSLE for MON-MNL that obviates computation of complex analytical gradients. In Chapter 3, we propose the application of a moment-based designed quadrature (DQ) method to approximate multi-dimensional integrals in MSLE of discrete choice models. The results of simulation study indicate that DQ is a potentially attractive alternative to quasi-Monte Carlo (QMC) because it requires fewer evaluations of the conditional likelihood (i.e., lower computation time) as compared to QMC methods, is as easy to implement, ensures positivity of weights, and can be created on any general polynomial spaces. Finally, we validate the performance of DQ on a case study to understand preferences for mobility-on-demand services in New York City. In Chapter 4, we demonstrate that using a t-distributed error kernel in multinomial choice models helps in better predicting the preferences in class-imbalance datasets. This specification also implicitly accounts for the consumers' decision uncertainty behavior. Because of these statistical and behavioral advantages, we derive the first multinomial response model with a t-distributed error kernel and extend this to a generalized continuous-multinomial (GCM) model. In the empirical stu.

Book Forecasting Urban Travel

Download or read book Forecasting Urban Travel written by David E. Boyce and published by Edward Elgar Publishing. This book was released on 2015-02-27 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting Urban Travel presents in a non-mathematical way the evolution of methods, models and theories underpinning travel forecasts and policy analysis, from the early urban transportation studies of the 1950s to current applications throughout the

Book TCAT Project

    Book Details:
  • Author : Lauren Isaac
  • Publisher :
  • Release : 2002
  • ISBN :
  • Pages : 206 pages

Download or read book TCAT Project written by Lauren Isaac and published by . This book was released on 2002 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Behavioural Travel Modelling

Download or read book Behavioural Travel Modelling written by David A. Hensher and published by Taylor & Francis. This book was released on 2021-05-11 with total page 872 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this study deals on a fully comprehensive level with both passenger and freight travel. The 40 chapters deal with an extensive range of related topics, including equilibrium modelling, theoretical and conceptual developments in demand modelling, goods movement and forecasting and policy. It outlines approaches to understanding travel behaviour, which move beyond the individual choice theory towards a broader consideration of activities.

Book Travel Demand Forecasting  Parameters and Techniques

Download or read book Travel Demand Forecasting Parameters and Techniques written by and published by Transportation Research Board. This book was released on 2012 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRB’s National Cooperative Highway Research Program (NCHRP) Report 716: Travel Demand Forecasting: Parameters and Techniques provides guidelines on travel demand forecasting procedures and their application for helping to solve common transportation problems.

Book Applied Choice Analysis

Download or read book Applied Choice Analysis written by David A. Hensher and published by Cambridge University Press. This book was released on 2015-06-11 with total page 1219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fully updated second edition of this popular introduction to applied choice analysis, written for graduate students, researchers, professionals and consultants.

Book Re estimation of LMS Time of day Module Project

Download or read book Re estimation of LMS Time of day Module Project written by Gerard de Jong and published by RAND Corporation. This book was released on 2002 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study for the Transport Research Centre (AVV) of the Dutch Ministry of Transport, Public Works and Water Management has estimated two sets of models of the choice of time of travel, based exclusively on stated preference (SP) data: 1) a detailed model, which represents the choices made by respondents among the varying alternatives presented in the SP exercises, using an error components logit (mixed logit) formulation; 2) a simplified model, which represents choices made by the SP respondents among 11 fixed alternatives defined over a 24-hour day, using models from the General Extreme Value distribution family. The objective of estimating these two sets of models was to obtain the maximum understanding of the circumstances influencing the choice of time-of-day of travel through the detailed models, then to obtain (for the simplified models) formulae which were more closely suited to implementation in the national model system for transport and traffic, LMS. The simplified models exploit the coefficients estimated in the detailed models, but apply an overall scale factor, add alternative-specific constants for the choice of each period on the outbound leg and for the change-mode alternative.

Book Advances in Data Mining

    Book Details:
  • Author : Petra Perner
  • Publisher : Springer Science & Business Media
  • Release : 2006-06-30
  • ISBN : 3540360360
  • Pages : 602 pages

Download or read book Advances in Data Mining written by Petra Perner and published by Springer Science & Business Media. This book was released on 2006-06-30 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 6th Industrial Conference on Data Mining, ICDM 2006, held in Leipzig, Germany in July 2006. Presents 45 carefully reviewed and revised full papers organized in topical sections on data mining in medicine, Web mining and logfile analysis, theoretical aspects of data mining, data mining in marketing, mining signals and images, and aspects of data mining, and applications such as intrusion detection, and more.

Book Serviceology for Designing the Future

Download or read book Serviceology for Designing the Future written by Takashi Maeno and published by Springer. This book was released on 2016-09-18 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a useful overall guide to the state of the art in theory and practice of services. It can also serve as a reference book for researchers in various fields, including engineering, marketing, economics, and other disciplines. Advanced works presented here were selected from the proceedings of the Second International Conference on Serviceology (ICServ2014), held September 14–16, 2014. This book helps readers to understand serviceology, which tackles with a broad range of services, the globalization of the economy and also enhances the quality of life of local residents.

Book Computational Science and Its Applications     ICCSA 2023 Workshops

Download or read book Computational Science and Its Applications ICCSA 2023 Workshops written by Osvaldo Gervasi and published by Springer Nature. This book was released on 2023-06-28 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: This nine-volume set LNCS 14104 – 14112 constitutes the refereed workshop proceedings of the 23rd International Conference on Computational Science and Its Applications, ICCSA 2023, held at Athens, Greece, during July 3–6, 2023. The 350 full papers and 29 short papers and 2 PHD showcase papers included in this volume were carefully reviewed and selected from a total of 876 submissions. These nine-volumes includes the proceedings of the following workshops: Advances in Artificial Intelligence Learning Technologies: Blended Learning, STEM, Computational Thinking and Coding (AAILT 2023); Advanced Processes of Mathematics and Computing Models in Complex Computational Systems (ACMC 2023); Artificial Intelligence supported Medical data examination (AIM 2023); Advanced and Innovative web Apps (AIWA 2023); Assessing Urban Sustainability (ASUS 2023); Advanced Data Science Techniques with applications in Industry and Environmental Sustainability (ATELIERS 2023); Advances in Web Based Learning (AWBL 2023); Blockchain and Distributed Ledgers: Technologies and Applications (BDLTA 2023); Bio and Neuro inspired Computing and Applications (BIONCA 2023); Choices and Actions for Human Scale Cities: Decision Support Systems (CAHSC-DSS 2023); and Computational and Applied Mathematics (CAM 2023).

Book Introduction to Intelligent Systems in Traffic and Transportation

Download or read book Introduction to Intelligent Systems in Traffic and Transportation written by Ana L.C. Rosenfeld and published by Springer Nature. This book was released on 2022-05-31 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban mobility is not only one of the pillars of modern economic systems, but also a key issue in the quest for equality of opportunity, once it can improve access to other services. Currently, however, there are a number of negative issues related to traffic, especially in mega-cities, such as economical issues (cost of opportunity caused by delays), environmental (externalities related to emissions of pollutants), and social (traffic accidents). Solutions to these issues are more and more closely tied to information and communication technology. Indeed, a search in the technical literature (using the keyword ``urban traffic" to filter out articles on data network traffic) retrieved the following number of articles (as of December 3, 2013): 9,443 (ACM Digital Library), 26,054 (Scopus), and 1,730,000 (Google Scholar). Moreover, articles listed in the ACM query relate to conferences as diverse as MobiCom, CHI, PADS, and AAMAS. This means that there is a big and diverse community of computer scientists and computer engineers who tackle research that is connected to the development of intelligent traffic and transportation systems. It is also possible to see that this community is growing, and that research projects are getting more and more interdisciplinary. To foster the cooperation among the involved communities, this book aims at giving a broad introduction into the basic but relevant concepts related to transportation systems, targeting researchers and practitioners from computer science and information technology. In addition, the second part of the book gives a panorama of some of the most exciting and newest technologies, originating in computer science and computer engineering, that are now being employed in projects related to car-to-car communication, interconnected vehicles, car navigation, platooning, crowd sensing and sensor networks, among others. This material will also be of interest to engineers and researchers from the traffic and transportation community.

Book The New Palgrave Dictionary of Economics

Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.