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If the utility function has been estimated to be: Ux = Ag – 0.04 Ta – 0.05 Tw – 0.02 T, – 0.01 C Where: Ta = access time Tw = waiting time T, = riding time; and C = out- of-pocket cost

If the utility function has been estimated to be: Ux = Ag – 0.04 Ta – 0.05 Tw – 0.02 T, – 0.01 C Where: Ta = access time Tw = waiting time T, = riding time; and C = out- of-pocket cost

Structural Analysis
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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If the utility function has been estimated to be: Ux = Ax – 0.04 Ta – 0.05 Tw – 0.02 T, – 0.01 C Where: Ta = access time Tw = waiting time T, = riding time; and C = out- of-pocket cost (a) Apply the logit model to calculate the shares of the automobile mode (Ax = -0.005) and a mass transit mode (AK= -0.05) if: Mode Ta Tw C Auto 5 30 100 Transit 10 10 45 50 (b) Estimate the new shares of each mode that would result from doubling the bus out-of-pocket cost.
Transcribed Image Text:If the utility function has been estimated to be: Ux = Ax – 0.04 Ta – 0.05 Tw – 0.02 T, – 0.01 C Where: Ta = access time Tw = waiting time T, = riding time; and C = out- of-pocket cost (a) Apply the logit model to calculate the shares of the automobile mode (Ax = -0.005) and a mass transit mode (AK= -0.05) if: Mode Ta Tw C Auto 5 30 100 Transit 10 10 45 50 (b) Estimate the new shares of each mode that would result from doubling the bus out-of-pocket cost.
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