Question: Given the utility expression U k = A k - 0 . 0 5 T a - 0 . 0 4 T w - 0
Given the utility expression
where is the access time, is the waiting time, is the riding time, and is the out
ofpocket cost.
a Apply the logit model to calculate the shares of the automobile mode
and a masstransit mode if
b Estimate the patronage shift that would result from the doubling the bus out
ofpocket cost.
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