11. Given the utility expression: Ux= Ag - 0.05 T, - 0.04T, - 0.02 T, - 0.01 C Where:T, is the access time Tw is the waiting time T, is the riding time C is the out of pocket cost (a) Apply the logit model to calculate the division of usage between the automobile mode (AK = -0.005) and a mass transit mode (AK= -0.05). Use the data given in the table below for your analysis. |Mode Auto Transit T. Tw C 30 45 100 50 10 10 (b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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11. Given the utility expression:
Ux= Ag - 0.05 Tạ - 0.04T, - 0.02 T, - 0.01 C
Where:T, is the access time
Tw is the waiting time
T, is the riding time
C is the out of pocket cost
(a) Apply the logit model to calculate the division of usage between the automobile mode
(AK = -0.005) and a mass transit mode (Ak=-0.05). Use the data given in the table below
for your analysis.
|Mode
Auto
Transit
T.
| Tw
T;
30
5
100
10
10
45
50
(b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost
Transcribed Image Text:11. Given the utility expression: Ux= Ag - 0.05 Tạ - 0.04T, - 0.02 T, - 0.01 C Where:T, is the access time Tw is the waiting time T, is the riding time C is the out of pocket cost (a) Apply the logit model to calculate the division of usage between the automobile mode (AK = -0.005) and a mass transit mode (Ak=-0.05). Use the data given in the table below for your analysis. |Mode Auto Transit T. | Tw T; 30 5 100 10 10 45 50 (b) Estimate the patronage shift that would result from doubling the bus out-of-pocket cost
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