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Title: Modeling Household Vehicle Transaction Behavior: Competing Risk Duration Approach
Accession Number: 01047535
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: Household vehicle ownership analysis is an important and emerging topic in transportation research. Transportation researchers are interested in examining policy scenarios that can decrease the number of vehicles in a household fleet or encourage alternative transit. Many researchers have studied aspects of vehicle ownership and developed various aggregate and disaggregate models in different frameworks, including hazard-based duration models. Duration models can model the competing nature of vehicle transactions in a household and predict the timing of a change in vehicle ownership. Competing duration models are used to analyze the household vehicle ownership decision. Three vehicle transaction decisions (purchase, trade, and disposal of a vehicle) are considered. Dynamic variables that represent the state of the household and household location characteristics, an exogenous logsum variable representing maximum utility of vehicle class and vintage choice, and time-varying covariates (e.g., number of adults and household income) are considered in the model. Independent hazard models for each outcome and a competing hazard model are developed and compared.
Monograph Title: Monograph Accession #: 01084474
Language: English
Authors: Mohammadian, AbolfazlRashidi, Taha HPagination: pp 9-16
Publication Date: 2007
ISBN: 9780309104401
Media Type: Print
Features: References
(23)
; Tables
(3)
TRT Terms: Uncontrolled Terms: Subject Areas: Highways; Planning and Forecasting; Policy; Research; Society; I72: Traffic and Transport Planning
Files: TRIS, TRB
Created Date: Feb 8 2007 6:43PM
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