Modeling Parking Choice Behavior Using Cumulative Prospect Theory

Cao, Yang; Ren, Yifan; Jia, Hongfei; Sun, Mingze; Dali, Zebo

doi:10.3390/su16041596

Cited by 2 publications

(1 citation statement)

References 29 publications

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“…Lastly, augmenting the sense of valence, i.e., ensuring that rewards are enticing to employees, constitutes another crucial facet of enhancing employee motivation (Cao, Ren, Jia et al, 2024).…”

Section: Overview Of Expectancy Theorymentioning

confidence: 99%

The Role of Expectancy Theory in the Organizational Management Process in Innovative Entrepreneurial Enterprises

2024

MMSE

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The expectancy theory, originally put forth by psychologist Viktor Frankl, is a psychological framework that offers insights into human motivation and conduct. This theory suggests that the amount of effort individuals exert is directly influenced by their anticipation of particular outcomes and the degree to which those outcomes are personally appealing. Essentially, individuals adjust their behavior based on their assessment of the effort required to achieve specific outcomes and the value they attach to those outcomes. Within the realm of innovative entrepreneurship, organizational management faces a range of challenges. Among these, the rapidly evolving business environment stands out, necessitating constant adaptability and proactive planning. Additionally, attracting and maintaining talent is crucial, as the success of any enterprise heavily relies on its ability to recruit and retain key individuals. Furthermore, the establishment of an organizational culture has a profound impact on employee satisfaction, loyalty, and their capacity for innovation. Resource management also plays a pivotal role, particularly in the efficient allocation of funds, time, and technological resources. Lastly, competitive market forces and the need for strategic adjustments are realities that innovative entrepreneurial ventures must navigate, demanding continuous strategic realignment to maintain competitiveness. Against this backdrop of complexity and dynamism, the application of expectancy theory offers valuable insights for organizational management. By understanding and applying this theory, innovative entrepreneurial ventures can more effectively stimulate employee motivation, refine incentive systems, enhance goal management, and foster employee growth and engagement. To a certain extent, these functions can assist enterprises in overcoming various challenges in organizational management processes, thereby bolstering overall organizational performance.

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Section: Overview Of Expectancy Theorymentioning

confidence: 99%

The Role of Expectancy Theory in the Organizational Management Process in Innovative Entrepreneurial Enterprises

2024

MMSE

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Does Parking Type Preference Behavior Differ According to Whether It Is Paid or Free? A Case Study in Istanbul, Türkiye

Sarısoy,

Tezcan

2024

Sustainability

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Parking behavior depends on drivers’ choice of parking type and willingness to pay for parking. Generally, the parking type refers to off-street and on-street parking facilities. The main factors affecting the preference for parking types are driver, vehicle, travel, and parking characteristics. Understanding drivers’ parking type preference behavior and accurately modeling drivers’ tendencies helps develop sustainable parking management policies. This study examines the parking preferences of drivers in Istanbul with binary logit models according to whether they pay for parking. The results of the models show that the number of factors influencing parking type preference is higher for free parking than for paid parking, including driver, vehicle, travel, and parking characteristics. Moreover, some factors in the models affect drivers’ parking type preferences differently for paid and free parking. Namely, low-income individuals tend to use on-street parking when parking is free and off-street parking when it is paid. Conversely, individuals who drive small-size vehicles prefer off-street parking for free parking and on-street parking for paid parking. Individuals who prefer off-street parking for free parking expect shorter walking distances to the final destination and parking duration. On the contrary, individuals who choose on-street parking for paid parking anticipate shorter walking distances to the final destination and parking duration.

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Modeling Parking Choice Behavior Using Cumulative Prospect Theory

Cited by 2 publications

References 29 publications

The Role of Expectancy Theory in the Organizational Management Process in Innovative Entrepreneurial Enterprises

The Role of Expectancy Theory in the Organizational Management Process in Innovative Entrepreneurial Enterprises

Does Parking Type Preference Behavior Differ According to Whether It Is Paid or Free? A Case Study in Istanbul, Türkiye

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