Scribd
Upload
75 views2 pages

Exercise 5 ModeChoice

1. The document presents a mode choice model that calculates the utility and probability of choosing car or bus for different trip scenarios based on travel time, cost, income, gender, and destination. 2. It shows the results of the model for the current situation and if the bus fare is increased from $5 to $7. 3. With a fare increase, the average price elasticity is -0.086 and average cross elasticity is 0.082. The fare increase results in 34 fewer car trips and 34 more bus trips. Bus revenue increases by $1,720 or 35.2%.

Uploaded by

Ktblaky Tad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
75 views2 pages

Exercise 5 ModeChoice

1. The document presents a mode choice model that calculates the utility and probability of choosing car or bus for different trip scenarios based on travel time, cost, income, gender, and destination. 2. It shows the results of the model for the current situation and if the bus fare is increased from $5 to $7. 3. With a fare increase, the average price elasticity is -0.086 and average cross elasticity is 0.082. The fare increase results in 34 fewer car trips and 34 more bus trips. Bus revenue increases by $1,720 or 35.2%.

Uploaded by

Ktblaky Tad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

Exercise 5: Mode Choice

The model: The different situations to model

Constants Trip no Traveltime


Car Car 0.42 car
Bus Bus 1 22
2 15
Modes 3 6
Traveltime Car / Bus -0.0125 4 6
Travelcost Car / Bus -0.0383 5 30
6 12
Socioeconomic factors
Income above avg Car 1.1025
Sex (woman=1) Bus 0.4832

Trip
CBD as destination Car -1.6489

Model calculations: Number Utiliy Utility P(car) P(bus)


of trips car bus
Present 1 200 -0.9759 -0.7915 45.4 % 54.6 %
situation 2 300 -0.6969 0.0167 32.9 % 67.1 %
3 500 -0.3929 -0.379 49.7 % 50.3 %
4 500 -0.3929 0.1042 37.8 % 62.2 %
5 100 0.3432 -0.3958 67.7 % 32.3 %
6 400 1.0661 -0.4415 81.9 % 18.1 %
2,000

Number Utiliy Utility P(car) P(bus)


of trips car bus
Fare 1 200 -0.9759 -0.8681 47.3 % 52.7 %
increase 2 300 -0.6969 -0.0599 34.6 % 65.4 %
3 500 -0.3929 -0.4556 51.6 % 48.4 %
4 500 -0.3929 0.0276 39.6 % 60.4 %
5 100 0.3432 -0.4724 69.3 % 30.7 %
6 400 1.0661 -0.5181 83.0 % 17.0 %
2,000

Average elasticity: -0.086


Average cross elasticity: 0.082 Fare increase
Old busfare : 5
New busfare 7

ent situations to model

Traveltime Travelcost Income Sex Destination


bus car bus above avg woman=1 CBD=1
48 15 5 1 0 1
22 10 5 1 1 1
15 5 5 1 0 1
15 5 5 1 1 1
55 21 5 1 1 0
20 8 5 1 0 0

Car trips Bus trips Price Cross


elasticity elasticity
91 109 -0.09 0.087
99 201 -0.06 0.063
248 252 -0.10 0.095
189 311 -0.07 0.072
68 32 -0.13 0.130
327 73 -0.16 0.157
1,022 978 Bus revenue: 4,890

Car trips Bus trips Change


car bus
95 105 4 (4)
104 196 5 (5)
258 242 10 (10)
198 302 9 (9)
69 31 2 (2)
332 68 4 (4)
1,056 944 34 (34) Bus revenue: 6,610

Fare increase 2 Revenue increase: 1,720


40.0 % 35.2 %

You might also like