Question: Multinomial Choice Models [ 2 1 ] A multinomial logit model with three alternatives ( drive - alone, shared - ride, and transit ) has

Multinomial Choice Models [21]
A multinomial logit model with three alternatives (drive-alone, shared-ride, and transit) has been developed for forecasting mode choice for home-to-work commute trips. The utility functions have been estimated to be the following:
VDA=(()DA)DA()SR(()TR)TR
Where,
VDA is the utility for the drive - alone mode
VSR is the utility for the shared - ride mode
VTR is the utility for the transit mode
Cost ?i is the cost for mode i,)=(DA,SR,TR
Time ?i is the travel time by mode i,)=(DA,SR,TR
WalkTime is the walk time associated with transit mode
LongDist =1 if the commute trip is long distance, 0 otherwise
The urban region has four types of commuters classified based on the commute distance and the available modes. The transportation level-of-service characteristics for each of the four types of commuters are presented below.
\table[[,Type 1,Type 2,Type 3,Type 4],[Modes available,DA,SR,TR,DA,SR,TR,DA and SR,DA and SR],[Commute distance,short,long,short,long],[Cost, DA,0.94,3.99,1,4.23],[Time, DA,16.5,60,18,62],[Cost, SR,0.53,2.23,0.56,2.29],[Time, SR,29.5,74,31,75],[Cost, TR,0.33,1.8,NA,NA],[Time, TR,27.5,126,NA,NA],[Walk time,10,20,NA,NA]]
(a) Compute the money value of travel time (VOTT) for a traveler for this commute trip using the above empirical specification. [1]
(b) For each type of commuter, compute the probability of choosing each of the available modes [12]
(c) The urban region has 4300 commuters of type 1,2100 commuters of type 2,3500 commuters of type 3 and 2900 commuters of type 4. Determine
(i) The total number of person-trips (home-to-work commute trips) by car and by transit in the urban area.
(ii) The number of vehicle trips by car (Assume that the average occupancy of shared-ride trips is 2.5)
Multinomial Choice Models [ 2 1 ] A multinomial

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