A Simultaneous Decision-making Approach to Model the Demand for Freight Tansportation

Download or read book A Simultaneous Decision-making Approach to Model the Demand for Freight Tansportation written by and published by . This book was released on 1991 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a new approach to study the demand for intercity freight transportation. The model proposed in this paper utilizes the strength of discrete choice models (e.g., probit) in explaining the process of mode choice as one part of a complete model. The complete model is presented as a joint discrete/continuous choice model for the choices of mode and shipment size. The model is practical in that it requires the same amount and quality of data that would be required to develop a standard disaggregate mode choice model, and it can be estimated using simple two-stage estimation methods which utilizes standard probit maximum likelihood and ordinary least squares estimation techniques.