Publication

A dynamic discrete-continuous choice model for car ownership and usage: Estimation procedure

Michel Bierlaire
2014
Conference Papers

Abstract

This research focuses on the formulation of a dynamic discrete-continuous choice model to explain and predict individuals' choices regarding car ownership, choice of fuel type and choice of annual driving distance. Its main contribution is to integrate dynamic choice modeling for multiple-car households and discrete-continuous choice modeling. This paper presents the formulation of the model and its estimation on synthetic data.

Official source

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Michel Bierlaire
2014
Conference Papers

Abstract

Official source

Related concepts (32)

Scientific modelling

Scientific modelling is a scientific activity, the aim of which is to make a particular part or feature of the world easier to understand, define, quantify, visualize, or simulate by referencing it to existing and usually commonly accepted knowledge. It requires selecting and identifying relevant aspects of a situation in the real world and then developing a model to replicate a system with those features.

Dynamical system

In mathematics, a dynamical system is a system in which a function describes the time dependence of a point in an ambient space, such as in a parametric curve. Examples include the mathematical models that describe the swinging of a clock pendulum, the flow of water in a pipe, the random motion of particles in the air, and the number of fish each springtime in a lake. The most general definition unifies several concepts in mathematics such as ordinary differential equations and ergodic theory by allowing different choices of the space and how time is measured.

Choice

A choice is the range of different things from which a being can choose. The arrival at a choice may incorporate motivators and models. For example, a traveler might choose a route for a journey based on the preference of arriving at a given destination at a specified time. The preferred (and therefore chosen) route can then account for information such as the length of each of the possible routes, the amount of fuel in the vehicle, traffic conditions, etc.