Given the utility expressionUKАк0.05Ta - 0.04TW - 0.03T, - 0.02Cwhere Ta is the access time, Tw is the waiting time, Tr is the riding time, and C is the out-of-pocketcost. For the automobile mode (AK = - 0.005) and a mass-transit mode (AK- 0.05).ModeТаTwTrCAuto530100Transit10104050Answer the following questions:What is the utility of auto?What is the utility of transit?What is the share of the automobile mode using Logit model?What is the share of the transit mode using Logit model?What is the utility of transit if the bus out-of-pocket doubles?What is the patronage shift of transit resulted from doubling the bus out-of-pocket cost?

Given the utility expression is as follows: UK=AK-0.05Ta-0.04Tw-0.03Tr-0.02C

Given the utility expression UK AK - 0.05Ta - 0.04TW - 0.03T, - 0.02C where Ta is the access time, Tw is the waiting time, T, is the riding time, and C is the out-of-pocket cost. For the automobile mode (AK = - 0.005) and a mass-transit mode (AK = - 0.05). Mode Ta Tw Tr C Auto 30 100 Transit 10 10 40 50

Given the utility expression UK AK - 0.05Ta - 0.04TW - 0.03T, - 0.02C where Ta is the access time, Tw is the waiting time, T, is the riding time, and C is the out-of-pocket cost. For the automobile mode (AK = - 0.005) and a mass-transit mode (AK = - 0.05). Mode Ta Tw Tr C Auto 30 100 Transit 10 10 40 50

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

Given the utility expression
UK
Ак
0.05Ta - 0.04TW - 0.03T, - 0.02C
where Ta is the access time, Tw is the waiting time, Tr is the riding time, and C is the out-of-pocket
cost. For the automobile mode (AK = - 0.005) and a mass-transit mode (AK
- 0.05).
Mode
Та
Tw
Tr
C
Auto
5
30
100
Transit
10
10
40
50
Answer the following questions:
What is the utility of auto?
What is the utility of transit?
What is the share of the automobile mode using Logit model?
What is the share of the transit mode using Logit model?
What is the utility of transit if the bus out-of-pocket doubles?
What is the patronage shift of transit resulted from doubling the bus out-of-pocket cost?

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