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2 cards from this section. Quick, good the night before a test.
What is the formula for calculating travel costs in the Binary Logit Model?
Think of the components involved in travel.
What does 'utility' refer to in the context of transportation?
Remember the satisfaction aspect!
What is the primary focus of the Binary Logit Model?
Think about what the model is designed for.
True or False: In a binary logit model, both modes have an equal probability when their costs are the same.
Consider the implications of cost.
Given travel times and costs, calculate the resulting modal split between bus and car for a city with 10000 total trips.
Use the defined equations accurately.
If discomfort in bus travel increases, how is it likely to impact the mode choice? Analyze the logical outcomes.
Consider how comfort impacts utility.
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