(10 points) A total of 1,000 person-trips begin in a residential area and end in...

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Accounting

  1. (10 points) A total of 1,000 person-trips begin in a residential area and end in the central business district (CBD) during the morning commute. Commuters have two modes available, including private automobile and a bus rapid transit (BRT) system. The following utility function was calibrated using data from the study area from users of these two modes:

image

Data summarizing the operational characteristics and costs associated with each mode are provided in the following table.

Parameter

Private

Automobile

Bus Rapid

Transit

T1 = in-vehicle travel time (min.) 20 25
T2 = excess time (min.) 5 10
C = out-of-pocket cost (dollars) 3.50 1.00

Determine the total number of person-trips by each of the two modes using the multinomial logit model.

Uk=0.2T10.05T20.5C

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