2019
DOI: 10.1177/0361198119842819
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Practical Method to Simulate Multiple Discrete-Continuous Generalized Extreme Value Model: Application to Examine Substitution Patterns of Household Transportation Expenditures

Abstract: The multiple discrete-continuous generalized extreme value (MDCGEV) model has been derived from multivariate extreme value (MEV)-based stochastic specifications to relax the independence assumption in the multiple discrete-continuous extreme value (MDCEV) model. It is analogous to the situation where a generalized extreme value (GEV) model relaxes the same assumption in a multinomial logit (MNL) model. However, unlike the case of single discrete choice model where substitution patterns can be understood based … Show more

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Cited by 6 publications
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“…Thus, MDCEV formulation [39] that allows modeling the choice of multiple activity types while accounts for the duration of each activity over a day is adopted in this study. MDCEV models are widely used in transportation-related studies including carsharing vehicle choice and usage [40], household vehicle ownership [41,42], transportation expenditures [43], and energy consumption [44]. Bhat [45] formulated the utility function for an individual as in Eq.…”
Section: Methods and Modelmentioning
confidence: 99%
“…Thus, MDCEV formulation [39] that allows modeling the choice of multiple activity types while accounts for the duration of each activity over a day is adopted in this study. MDCEV models are widely used in transportation-related studies including carsharing vehicle choice and usage [40], household vehicle ownership [41,42], transportation expenditures [43], and energy consumption [44]. Bhat [45] formulated the utility function for an individual as in Eq.…”
Section: Methods and Modelmentioning
confidence: 99%