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A dynamic hazard-based system of equations of vehicle ownership with endogenous long-term decision factors incorporating group decision making

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  • Rashidi, Taha Hossein
  • Mohammadian, Abolfazl (Kouros)

Abstract

The transportation system affects all aspects of our daily lives including relatively long-term decisions on work and home location choice and automobile ownership decisions. The interdependency existing among these three decisions jointly influences household mobility and overall travel patterns. Therefore, a dynamic modeling framework that can account for the effects of interdependencies between vehicle transaction behavior and residential and job location choices is highly desirable. These decisions are made in the household level while individuals’ decisions influence the overall outcome; therefore, it is also important to incorporate a group decision making process within such modeling frameworks.

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  • Rashidi, Taha Hossein & Mohammadian, Abolfazl (Kouros), 2011. "A dynamic hazard-based system of equations of vehicle ownership with endogenous long-term decision factors incorporating group decision making," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1072-1080.
    • Handle: RePEc:eee:jotrge:v:19:y:2011:i:6:p:1072-1080
    DOI: 10.1016/j.jtrangeo.2011.05.001
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