Cost-Minimizing Choice Behavior in Transportation Planning
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Cost-Minimizing Choice Behavior in Transportation Planning

Cost-Minimizing Choice Behavior in Transportation Planning


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About the Book

This book stems from a desire to understand the underlying assumptions and structure of the choice probability models most often used in transportation planning. The book investigates how far a new way of defining cost minimizing behavior can take us. All commonly used choice probability distributions of the logit type - log linear probability functions - follow from cost minimizing behavior defined in the new way; some new nested models also appear. The new approach provides a deeper understanding of what is at work in the models. The new way of defining cost minimizing behavior is as follows: cost minimizing behavior pertains if the likelihood (probability) of any independent sample of observations is a decreasing function of the average cost of the sample. Extreme value distributed random variables are not used in the derivation of models. A measure of freedom of choice related to the Shannon measure of how much "choice" is involved is used to obtain a welfare measure which is equal to composite cost.


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Product Details
  • ISBN-13: 9783642119125
  • Publisher: Springer
  • Publisher Imprint: Springer
  • Height: 234 mm
  • Weight: 245 gr
  • ISBN-10: 3642119123
  • Publisher Date: 08 Sep 2010
  • Binding: Paperback
  • Spine Width: 9 mm
  • Width: 156 mm


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