11. Given the utility expression: Ux= Ag - 0.05 T, - 0.04T, - 0.02 T, - 0.01 C Where:T, is the access time Tw is the waiting time T, is the riding time C is the out of pocket cost (a) Apply the logit model to calculate the division of usage between the automobile mode (AK = -0.005) and a mass transit mode (AK= -0.05). Use the data given in the table below for your analysis. |Mode Auto Transit T. Tw C 30 45 100 50 10 10 (b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost
11. Given the utility expression: Ux= Ag - 0.05 T, - 0.04T, - 0.02 T, - 0.01 C Where:T, is the access time Tw is the waiting time T, is the riding time C is the out of pocket cost (a) Apply the logit model to calculate the division of usage between the automobile mode (AK = -0.005) and a mass transit mode (AK= -0.05). Use the data given in the table below for your analysis. |Mode Auto Transit T. Tw C 30 45 100 50 10 10 (b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
Related questions
Concept explainers
Heat Exchangers
Heat exchangers are the types of equipment that are primarily employed to transfer the thermal energy from one fluid to another, provided that one of the fluids should be at a higher thermal energy content than the other fluid.
Heat Exchanger
The heat exchanger is a combination of two words ''Heat'' and ''Exchanger''. It is a mechanical device that is used to exchange heat energy between two fluids.
Question
Transcribed Image Text:11. Given the utility expression:
Ux= Ag - 0.05 Tạ - 0.04T, - 0.02 T, - 0.01 C
Where:T, is the access time
Tw is the waiting time
T, is the riding time
C is the out of pocket cost
(a) Apply the logit model to calculate the division of usage between the automobile mode
(AK = -0.005) and a mass transit mode (Ak=-0.05). Use the data given in the table below
for your analysis.
|Mode
Auto
Transit
T.
| Tw
T;
30
5
100
10
10
45
50
(b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, mechanical-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you
Elements Of Electromagnetics
Mechanical Engineering
ISBN:
9780190698614
Author:
Sadiku, Matthew N. O.
Publisher:
Oxford University Press
Mechanics of Materials (10th Edition)
Mechanical Engineering
ISBN:
9780134319650
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Thermodynamics: An Engineering Approach
Mechanical Engineering
ISBN:
9781259822674
Author:
Yunus A. Cengel Dr., Michael A. Boles
Publisher:
McGraw-Hill Education
Elements Of Electromagnetics
Mechanical Engineering
ISBN:
9780190698614
Author:
Sadiku, Matthew N. O.
Publisher:
Oxford University Press
Mechanics of Materials (10th Edition)
Mechanical Engineering
ISBN:
9780134319650
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Thermodynamics: An Engineering Approach
Mechanical Engineering
ISBN:
9781259822674
Author:
Yunus A. Cengel Dr., Michael A. Boles
Publisher:
McGraw-Hill Education
Control Systems Engineering
Mechanical Engineering
ISBN:
9781118170519
Author:
Norman S. Nise
Publisher:
WILEY
Mechanics of Materials (MindTap Course List)
Mechanical Engineering
ISBN:
9781337093347
Author:
Barry J. Goodno, James M. Gere
Publisher:
Cengage Learning
Engineering Mechanics: Statics
Mechanical Engineering
ISBN:
9781118807330
Author:
James L. Meriam, L. G. Kraige, J. N. Bolton
Publisher:
WILEY