Infoscience

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A dynamic discrete-continuous choice model of car ownership and usage

In this paper we present the methodological framework of a dynamic discrete-continuous choice model (DDCCM) of car ownership, usage and fuel type. The approach consists of embedding a discrete-continuous choice model into a dynamic programming (DP) framework. This work proposes the following novel features. First, decisions are modeled at a household level. Second, we consider an extensive choice variable which involves the car replacement decision, the annual driving distance, the fuel type, the decision to take a company car, or a new versus second-hand car.

    Reference

    • EPFL-TALK-195961

    Record created on 2014-01-20, modified on 2016-09-16

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