(10 points) A total of 1,000 person-trips begin in a residential area and end in...
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Accounting
- (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:
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=0.2T10.05T20.5CGet Answers to Unlimited Questions
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