Attribute thresholds and logit mode-choice models

W. Young, D. Bertram

Research output: Contribution to journalArticleResearchpeer-review

Abstract

In this paper the concept of minimally perceived attribute differences is introduced into a logit choice model. For estimating the parameters of the model, maximum likelihood is employed and an experimental test is carried out on a sample of trip makers going to the Melbourne central business district. It was found that the average respondent required a 12-min (22 percent) difference in travel time or a 12-cent (32 percent) difference in travel cost before he would react to the variation in attribute ratings. The model is compared with a more traditional logit model with a linear additive measure of utility.

Original languageEnglish
Pages (from-to)81-87
Number of pages7
JournalTransportation Research Record
Issue number1037
Publication statusPublished - 1 Dec 1985

Cite this

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Attribute thresholds and logit mode-choice models. / Young, W.; Bertram, D.

In: Transportation Research Record, No. 1037, 01.12.1985, p. 81-87.

Research output: Contribution to journalArticleResearchpeer-review

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